FORWARD AIR CORP (FWRD) Technical Analysis
NASDAQ:FWRD • US34986A1043
Current stock price
FWRD Technical Rating and Analysis
Overall FWRD gets a technical rating of 3 out of 10. In the past year, FWRD was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- In the last month FWRD has a been trading in the 15.02 - 22.50 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- When comparing the performance of all stocks over the past year, FWRD turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
- FWRD is part of the Air Freight & Logistics industry. There are 23 other stocks in this industry, FWRD did better than 50% of them.
- 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.
FWRD Weekly and Daily overview Charts
FWRD Setup Rating and Analysis
The technical rating of FWRD is bad and it also does not present a 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
FWRD Support and Resistance Analysis
13.93
2 important support areas can be observed.
- Support @15.66 from a trend line in the weekly time frame.
- Support @14.07 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @28.45 from a trend line in the weekly time frame.
- A resistance zone ranging from 29.52 to 30.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
FWRD Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for FWRD is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FWRD is up. |
| ChartMill Relative Strength | 51.89 | NEUTRAL | FWRD is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of FWRD is above a declining 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) | 68.09 | NEUTRAL | The RSI value for FWRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.79 | POSITIVE | The MACD value suggests FWRD has a positive trend. |
| Stochastics (14,3) | 95.15 | OVERBOUGHT | The high Stochastics value suggests FWRD may be overbought. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for FWRD suggests some volalility. |
| Average Directional Index/ADX (14) | 29.45 | POSITIVE | The high ADX value value for FWRD suggests a strong trend. |
FWRD Chart- and CandleStick Pattern Analysis
FWRD Technicals: Chart, Performance Metrics, Trend & Indicators
22.18
+1.31 (+6.28%)
FORWARD AIR CORP / FWRD TA FAQ
Can you provide the ChartMill technical rating for FORWARD AIR CORP?
ChartMill assigns a technical rating of 3 / 10 to FWRD.
Can you provide the trend direction for FORWARD AIR CORP?
The current trend direction for FORWARD AIR CORP (FWRD) is Bearish.
What is the RSI signal for FWRD stock?
FORWARD AIR CORP (FWRD) has an RSI value of 68.0932. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FORWARD AIR CORP?
The short term momentum for FORWARD AIR CORP (FWRD) is positive.
What is the support and resistance level for FWRD stock?
FORWARD AIR CORP (FWRD) has a support level at 15.66 and a resistance level at 28.45. Check the full technical report for our detailed analysis of FWRD support and resistance levels.