Ford Motors is an American automaker that manufactures and markets automobiles, parts, and services under different brands, such as Ford, Lincoln, Mercury, and Volvo. It is listed on the New York Stock Exchange (NYSE) with the ticker symbol F.
Ford Motors Finances
Ford has three customer-centric businesses that drive value and growth: Ford Blue (iconic gas, hybrid vehicles), Ford Model E (innovative EVs), and Ford Pro (commercial products, services). There was a 20% increase in revenue year-over-year to $41.5 Billion and the net income of $1.8 Billion shows a remarkable turnaround from last year’s net loss of $3.1 Billion.
The adjusted EBIT of $3.4 Billion was 45% higher. Moreover, Ford Pro EBIT nearly tripled to $1.4 Billion, and Ford Blue EBIT doubled to $2.6 Billion, with margins for both exceeding 10%. However, the company reaffirms guidance for full-year 2023 adjusted EBIT of $9 Billion to $11 Billion, with adjusted free cash flow of about $6 Billion.
Ford is maintaining the full-year 2023 performance expectations that the company first stated in early February: for adjusted EBIT of $9 Billion to $11 Billion and adjusted free cash flow of about $6 Billion.
F Stock Price Technical Analysis
Ford (NYSE: F) has seen its stock price rise slowly for the past three months, gaining 8.83%. At the time of writing, F stock is trading at $12.94 and has been trying to hold on to this level after a pullback.
If it can keep this level, the Ford price could continue to go up and reach the first and second targets of $14.62 and $13.87. However, if the F price cannot maintain this level and falls, then it might hit the closest support levels of $12.28 and $11.28.
At the time of publishing, Ford stock (NYSE: F) is trading above the 50 and 200-day SMAs (Simple moving averages), which are supporting the price trend.
However, if selling volume adds up then the price might conquer supporting SMAs by making lower highs and lows. Hence, the F price is expected to move downwards giving bearish views over the daily time frame chart.
The current value of RSI is 32.79 points. The 14 SMA is above the median line at 31.52 points which indicates that the Ford stock is bearish.
The MACD line at -0.3231 is below the signal line (-0.3208). A bearish crossover is observed in the MACD indicator which signals more bearishness for the F stock price.
Conclusion
Ford Motors (NYSE: N2) suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment. The technical oscillators of the N2 stock price also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the N2 stock price. Investors and traders should wait for proper setup for the next move and avoid FOMO.
Technical Levels
- Support Levels: $12.28 and $11.28.
- Resistance levels: $14.62 and $13.87.
