Weekly Newsletter   Challenge account   Weekly Newsletter   

Technical view: Ford Motor Company (F)

Technical view

F is in stage #4. The stock reached the previous lows at around $10.94 and picked up from there. Although it managed to rally to 200-day MA, it is still in a downtrend. With the current negative trend in the auto industry and low customer demand, the stock will probably go lower again. The weekly chart shows that the stock bounced up at the 200-day MA. But the rally seems to be failing again (see the shooting star candle on the weekly chart).

Technical view weekly

The stock broke below 200-day MA on the weekly chart but resumed above it this week. This investment turned out to be a disaster. The stock provides no growth, no significant dividend, no dividend growth, and its options suck too. There is no reason for holding it, so I may sell this position.

Technical view weekly

Technical view weekly

The stock is now AGGRESSIVE SELL

This post was published in our newsletter to our subscribers on Sunday, January 15th, 2023. If you want to learn more about our stock technical analysis subscribe to our weekly newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *