FORWARD AIR CORP (FWRD) Stock Technical Analysis
NASDAQ:FWRD - Nasdaq - US3498531017 - Common Stock - Currency: USD
Taking everything into account, FWRD scores 1 out of 10 in our technical rating. FWRD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, FWRD is a bad performer in the overall market: 77% of all stocks are doing better.
FWRD is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month FWRD has a been trading in the 9.78 - 17.98 range, which is quite wide. It is currently trading near the high of this range.
FWRD is part of the Air Freight & Logistics industry. There are 22 other stocks in this industry, FWRD did better than 66% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of FWRD is bad and it also does not present a quality setup 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
13.08
30.58
When analyzing the support we can see 2 important areas.
- Support @15.56 from a trend line in the daily time frame.
- Support @13.21 from a trend line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 17.72 to 17.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.63 from a trend line in the weekly time frame.
- Resistance @26.79 from a trend line in the weekly time frame.
- Resistance @28.70 from a trend line in the daily time frame.
- Resistance @30.28 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.01
Mansfield-3.64
10 Day High17.98
10 Day Low13.61
20 Day High17.98
20 Day Low9.78
52 Week High40.92
52 Week Low9.78
Performance
1 Week17.71%
2 Weeks9.12%
1 Month34.54%
3 Month-48.03%
6 Month-52.68%
12 Month8.48%
2 Year-82.78%
3 Year-82.03%
5 Year-66.28%
10 Year-67.71%
15 Year-38.8%
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)
Technical Indicators
MACD(12,26,9)0.6
RSI(14)50.77
LBB13.42
UBB17.86
16.75
-0.69 (-3.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg-3.96%
1 Week17.71%
2 Weeks9.12%
1 Month34.54%
3 Month-48.03%
6 Month-52.68%
12 Month8.48%
2 Year-82.78%
3 Year-82.03%
5 Year-66.28%
10 Year-67.71%
15 Year-38.8%
Volatility
ATR(14)1.21
ATR(20)%8.75%
ATR Inc-24.88%
Range Today1.14
ADR(20)1.44
ADR(20)%8.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.01
Mansfield-3.64
10 Day High17.98
10 Day Low13.61
20 Day High17.98
20 Day Low9.78
52 Week High40.92
52 Week Low9.78
CS1 End15.56
CR1 Start17.72
Volume & EV
DER(3)2.59%
DER(5)1.46%
Volume519.08K
Volume Incr-23.15%
Vol(5)774.53K
Vol(50)855.46K