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- 1 FORD stock chart shows selling pressure.
- 2 Bears continue to push the price toward the demand zone.
Ford Motors Company (NYSE: F) price showed roller coaster moves and trading in a narrow range for the past sessions. Moreover, F stock faced rejection near the supply region and failed to extend the gains, resulting in a downtrend. Furthermore, the price action showed that the stock bounced from the demand zone, slipped near the resistance of $15, and hovered below the key moving averages.
F stock price is trading near the demand zone and willing to retest the neckline of $10 to regain the strength. However, the trend is neutral, favoring the sellers who persisted in pushing the price from the supply region. Moreover, the stock tried multiple times to surpass the range but failed and showed rejections.
Amid the positive Q2 earnings results, F stock could not extend the gains above the cluster of $15 and returned to $10. This rejection indicates that bears have maintained their grip near $15, whereas buyers have maintained their grip near $10. This range shows that between that congestion range, price continued to hover. However, a breakout can be seen above or below the mentioned level.
At press time, F stock price was $11.96 with an intraday gain of 0.76%, showing neutrality on the charts. Moreover, the trading volume decreased by 3.87% to 30.987 Million, and the market cap of F stock is $47.867 Billion.
However, analysts maintained a neutral rating with a yearly target price of $14.75, from where the stock took rejection in the past sessions.
Ford Motor Co. is engaged in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Ford Blue, Ford Model E, Ford Pro, Ford Next, and Ford Credit.
The Ford Blue, Ford Model E, and Ford Pro segment includes the sale of Ford and Lincoln vehicles, service parts, and accessories, together with the associated costs to develop, manufacture, distribute, and service the vehicles, parts, and accessories.
Ford Stock Price Action Shows Negative Outlook on Daily Charts
F stock price shows seller dominance, did not manage the gains near the resistance zone of $14, and showed reversal over the past sessions. Moreover, the price action indicated a negative outlook and a buy-on dips and sell-at-rise pattern for the past weeks, and the price stayed in the narrow range, declining the momentum. Furthermore, F stock is trading close to the lower bollinger and is heading toward the demand zone, showing selling pressure on the charts.
The RSI curve is heading toward the oversold region and showing a bearish divergence which indicates a negative outlook on the charts.
The MACD indicator showed a bearish crossover and persisted in forming the red bars on the histogram, suggesting the sellers’ dominance.
Conclusion
Ford Motors Company (NYSE: F) stock price is trading near the demand zone and has continued to face rejections from the top, indicating that sellers have maintained their resilience and did not permit buyers to win the battle. Moreover, the upper trajectory near $15 is the strong resistance zone, where multiple times bulls tried to surpass but resulted in a failure.
Technical Levels:
Support Levels: $11 and $10
Resistance Levels: $14 and $15
Disclaimer
The views and opinions stated by the author or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
