FORWARD AIR CORP (FWRD) Stock Technical Analysis
NASDAQ:FWRD - Nasdaq - US3498531017 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to FWRD. Although FWRD has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
FWRD is one of the better performing stocks in the Air Freight & Logistics industry, it outperforms 95% of 22 stocks in the same industry.
In the last month FWRD has a been trading in the 16.21 - 25.76 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that FWRD is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
FWRD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FWRD is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FWRD has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
13.20
26.01
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.11 to 22.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @13.33 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @25.75 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for FWRD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FWRD is up. |
| ChartMill Relative Strength | 84.61 | POSITIVE | FWRD has a high relative strength, it outperformed 84.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FWRD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FWRD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FWRD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 73.7 | OVERBOUGHT | The high RSI value suggests FWRD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests FWRD has a positive trend. |
| Stochastics (14,3) | 80.11 | OVERBOUGHT | The high Stochastics value suggests FWRD may be overbought. |
| Average True Range in percent/ATR (20) | 5.69 | HIGH VOLATILITY | The high ATR as a percentage value for FWRD suggests high volalility. |
| Average Directional Index/ADX (14) | 33.73 | POSITIVE | The high ADX value value for FWRD suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
24.26
+1.8 (+8.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg8.01%
1 Week9.62%
2 Weeks24.54%
1 Month46.5%
3 Month17.08%
6 Month-19.51%
12 Month27.42%
2 Year-77.14%
3 Year-73.62%
5 Year-51.3%
10 Year-53.58%
15 Year-10.97%
Volatility
ATR(14)1.5
ATR(20)%5.69%
ATR Inc69.07%
Range Today1.72
ADR(20)1.22
ADR(20)%5.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.61
Mansfield-1.58
10 Day High25.76
10 Day Low19.05
20 Day High25.76
20 Day Low16.22
52 Week High40.92
52 Week Low9.78
CS1 End22.25
CR1 Start25.75
Volume & EV
DER(3)0.1%
DER(5)-1.95%
Volume1.02M
Volume Incr67.5%
Vol(5)844.70K
Vol(50)628.87K