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- Ford has logged $2Billion loss in 2022 said profit was on the table
- Technical indicators are favoring F stock price consolidation.It is currently trading near $13 with a small gain.
Ford is one of the oldest car manufacturers in the. Founded in 1903, Ford has a long history of producing innovative and reliable vehicles. In recent years, the company has been focusing on electrification and autonomous driving technologies, which has been reflected in its stock performance.Ford’s stock (F) has been on a strong upward trend over the past few years. In 2020, the stock was impacted by the COVID-19 pandemic, but it quickly bounced back and continued its upward trajectory. In 2021, Ford’s stock reached an all-time high and continued to grow, driven by the company’s focus on electric and autonomous vehicles, as well as its strong financial performance.One of the key factors contributing to Ford’s growth is its investment in electric vehicles.Ford has logged $2 Billion loss in 2022 and said profit was on the table.Wall street is currently growing impatient with Fords slowness in structurally improving its profit margins.
Ford has a current market cap of $53.9 Billion with a positive EPS.Various analysts are expecting a strong growth in the future.
Are Bulls Of F Stock Price Ready For A Run?
The weekly technical chart of the Ford suggests a consolidated trend in price.On the daily chart it is trading near the value of $13 with a gain of 3% in the intraday session.It is currently in a consolidated trend and can see a new high in the future.The upside trend of the F Stock price can see a halt near $20.Meanwhile,the support of the asset price can be observed near $10.It is currently trading above the 50 and 100 Daily Moving Average.There can be a positive crossover which can push the asset price to a new high.
RSI of the F stock price is near 53 with a downside slope.The overall sentiment of the RSI is bearish.
Conclusion
Ford stock has missed the expectations of the wall street but may see a recovery. F stock price may see strong gains in the future.
Technical Indicators
Major Resistance:$20
Major Support:$10
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
