Taking everything into account, FWRD scores 7 out of 10 in our technical rating. In the last year, FWRD was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- Both the short term and long term trends are positive. This is a very positive sign.
- FWRD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FWRD is lagging the market slightly.
- Looking at the yearly performance, FWRD did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- FWRD is part of the Air Freight & Logistics industry. There are 23 other stocks in this industry, FWRD did better than 63% of them.
- In the last month FWRD has a been trading in the 24.84 - 29.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although FWRD has an excellent technical rating, the quality of the presented setup is not ideal 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
18.89
When analyzing the support we can see 4 important areas.
- Support @27.57 from a trend line in the daily time frame.
- A support zone ranging from 24.89 to 25.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.09 from a trend line in the weekly time frame.
- Support @19.08 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @28.58 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 29.37 to 29.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 30.01 to 30.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 74.06 | POSITIVE | FWRD has a high relative strength, it outperformed 74.06% 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) | 58.37 | NEUTRAL | The RSI value for FWRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FWRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.81 | NEUTRAL | The Stochastics value for FWRD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for FWRD suggests some volalility. |
| Average Directional Index/ADX (14) | 33.27 | POSITIVE | The high ADX value value for FWRD suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 28.59 | 27.56 | 1.03 (3.60%) | 25.00% |
| An entry @28.59. This is a Buy Stop order right above the resistance zone. | An exit @27.56. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.03 points, which is 3.60%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.90%. |
- The distance between exit and entry is rather small compared to the average daily movement of FWRD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
27.79
-0.68 (-2.39%)
FORWARD AIR CORP / FWRD FAQ
Can you provide the ChartMill technical rating for FORWARD AIR CORP?
ChartMill assigns a technical rating of 7 / 10 to FWRD.
What is the trend direction for 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 58.3655. This indicates that the stock is currently neutral.
What is the MACD signal for FORWARD AIR CORP (FWRD) stock?
The MACD indicator for FORWARD AIR CORP (FWRD) has a value of 0.0250718, indicating a bearish trend.
Can you provide the buy/sell signal for FORWARD AIR CORP?
The buy/sell signal for FORWARD AIR CORP (FWRD) is buy as both the short term and long term trends are positive.