We assign a technical rating of 6 out of 10 to FWRD. In the last year, FWRD was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, FWRD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
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13.63
When analyzing the support we can see 5 important areas.
- A support zone ranging from 25.23 to 25.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.09 from a trend line in the daily time frame.
- Support @20.14 from a trend line in the weekly time frame.
- Support @19.12 from a trend line in the daily time frame.
- Support @13.77 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 25.61 to 26.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.15 from a trend line in the weekly time frame.
- Resistance @30.73 from a trend line in the weekly 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 | 25.1 | NEGATIVE | FWRD has a low relative strength, it was outperformed by 74.9% 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) | UP | POSITIVE | The current price of FWRD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.14 | NEUTRAL | The RSI value for FWRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests FWRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.29 | NEUTRAL | The Stochastics value for FWRD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for FWRD suggests some volalility. |
| Average Directional Index/ADX (14) | 32.39 | POSITIVE | The high ADX value value for FWRD suggests a strong trend. |
25.24
-0.43 (-1.68%)
FORWARD AIR CORP / FWRD FAQ
Can you provide the ChartMill technical rating for FORWARD AIR CORP?
ChartMill assigns a technical rating of 6 / 10 to FWRD.
What is the current trend direction of FORWARD AIR CORP (FWRD) stock?
The current trend direction for FORWARD AIR CORP (FWRD) is Bullish.
Can you provide the RSI signal for FORWARD AIR CORP?
FORWARD AIR CORP (FWRD) has an RSI value of 61.1414. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FORWARD AIR CORP?
The MACD indicator for FORWARD AIR CORP (FWRD) has a value of 0.0502568, indicating a bearish trend.
What is the short term momentum for FORWARD AIR CORP (FWRD) stock?
The short term momentum for FORWARD AIR CORP (FWRD) is positive.