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 Ford Price Analysis: Stock Price Is Still Far Away From Its 52 Week High 

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Ford Price Analysis
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  • Ford has added approximately 7.9% since its last earning report. It has shown a growth of 50 cents per share in the latest earnings.
  • F stock price is still 132% away from its 52 week high. The asset price is currently near $14

Ford motor is recalling over 518000 SUV in the US after some fire incidents. Macro economic environment has seen the decline in demand of SUV. Earlier in November the company has reported a decline of 14.1% in the october. Various WALL Street analysts are cautious optimistic about the F stock price. Meanwhile, Ford has seen an increase over 7% in the volume from year to year.The company has reported an earning of  over 30 cents per share which is less than the expected. In North America the company has seen strong growth.

F stock has a current market cap of 56.6 Billion with an EPS of 2.24. Various analysts are seeing a strong growth for the upcoming quarter.

Technical Indicators Are Favoring The Bulls

Source: TradingView

The weekly technical chart of the Ford suggests a consolidated trend in price. On coming to the daily chart the asset price is trading near the value of $14 with a gain of 0.36%. Resistance of the F stock price can be seen near $20. Meanwhile, support of the asset price can be seen near $10. The asset price is above the 50 and 100 Daily Moving Average. There can be positive crossover in the future which can push the price to a new high.

Conclusion

Ford has seen a decline in the earnings per share in this quarter. Many analysts are cautiously optimistic about the F stock price. Meanwhile, it is still far away from the 52 week high.

Technical Levels

Major Support:$10

Major Resistance: $20

Disclaimer 

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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