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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
77% of all other stocks performed better in the past year than FWRD.
FWRD is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FWRD is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
FWRD is part of the Air Freight & Logistics industry. There are 22 other stocks in this industry, FWRD did better than 61% of them.
In the last month FWRD has a been trading in the 16.10 - 19.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FWRD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.78, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FWRD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
13.15
27.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.51 to 16.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.28 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 19.17 to 19.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.07 from a trend line in the weekly time frame.
- Resistance @25.01 from a trend line in the weekly time frame.
- Resistance @26.93 from a trend line 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 | DOWN | NEGATIVE | The long term trend for FWRD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FWRD is neutral. |
| ChartMill Relative Strength | 23.92 | NEGATIVE | FWRD has a low relative strength, it was outperformed by 76.08% 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) | 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) | 57.6 | NEUTRAL | The RSI value for FWRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests FWRD has a positive trend. |
| Stochastics (14,3) | 62.57 | NEUTRAL | The Stochastics value for FWRD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.51 | HIGH VOLATILITY | The high ATR as a percentage value for FWRD suggests high volalility. |
| Average Directional Index/ADX (14) | 12.84 | NEGATIVE | The low ADX value for FWRD suggests a weak or negative 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)
18.6
+0.61 (+3.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg3.39%
1 Week9.09%
2 Weeks12.66%
1 Month7.95%
3 Month-10.14%
6 Month-45.14%
12 Month-10.01%
2 Year-82.47%
3 Year-79.77%
5 Year-62.67%
10 Year-64.41%
15 Year-31.74%
Volatility
ATR(14)1.08
ATR(20)%6.51%
ATR Inc31.06%
Range Today1.8
ADR(20)1.13
ADR(20)%6.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.92
Mansfield-3.34
10 Day High18.84
10 Day Low16.21
20 Day High19.38
20 Day Low16.1
52 Week High40.92
52 Week Low9.78
CS1 End16.78
CR1 Start19.17
Volume & EV
DER(3)7.7%
DER(5)5.54%
Volume439.30K
Volume Incr-36.09%
Vol(5)406.64K
Vol(50)740.55K