FORWARD AIR CORP (FWRD) Stock Technical Analysis
NASDAQ:FWRD - Nasdaq - US3498531017 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to FWRD. FWRD has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
FWRD is one of the better performing stocks in the Air Freight & Logistics industry, it outperforms 95% of 22 stocks in the same industry.
FWRD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that FWRD is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
Although FWRD has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
26.53
28.85
We found 1 important support area.
- A support zone ranging from 26.80 to 26.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 27.37 to 27.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 28.17 to 28.56. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for FWRD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FWRD is up. |
| ChartMill Relative Strength | 88.44 | POSITIVE | FWRD has a high relative strength, it outperformed 88.44% 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) | 64.41 | NEUTRAL | The RSI value for FWRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests FWRD has a negative trend. |
| Stochastics (14,3) | 65.04 | NEUTRAL | The Stochastics value for FWRD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for FWRD suggests high volalility. |
| Average Directional Index/ADX (14) | 46.1 | 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)
26.81
-0.49 (-1.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg-1.79%
1 Week-2.05%
2 Weeks1.17%
1 Month21.15%
3 Month71.53%
6 Month-20.89%
12 Month6.14%
2 Year-77.44%
3 Year-74.45%
5 Year-48.43%
10 Year-44.78%
15 Year-7.68%
Volatility
ATR(14)1.29
ATR(20)%5.1%
ATR Inc-7.36%
Range Today1.53
ADR(20)1.27
ADR(20)%4.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.44
Mansfield-0.96
10 Day High28.81
10 Day Low25.93
20 Day High28.81
20 Day Low21.4
52 Week High40.92
52 Week Low9.78
CS1 End26.8
CR1 Start27.37
Volume & EV
DER(3)-0.13%
DER(5)-0.93%
Volume357.60K
Volume Incr-32.29%
Vol(5)440.54K
Vol(50)572.22K