For Traders

Analytical Reviews

Stock Markets

13.01.202318:22 Forex Analysis & Reviews: Ford stock price technical analysis.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Red line- support

Blue line- resistance

Ford stock price is trading around $12.61. In our previous analysis when price was bouncing off the key horizontal support of $11 we mentioned that we should expect the bounce to at least reach the resistance of $13.70. Price this week made a high very close to the resistance trend line at $13.50 and got rejected. Price remains below the key resistance trend line that has already provided two major pull backs towards $11. A break above the blue trend line would be a bullish signal for Ford stock. This week's candle with the long upper tail is not good for bulls. If next week price remains under pressure, we should not be surprised to see it reach $11 again.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.