Ford Motor Company Stock Code F.NYS
Price broke and closed below the cloud in the previous trading session, changing the chart outlook to bearish. A price gap in the previous trading session also reinforced the bearish trend. Conversion and Base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD has turned bearish with both lines above the zero line. MACD is hinting at a bearish price trend. We think price is likely to move lower to the next price support at $15.32 in the next 2-3 weeks.
$15.32 Price Target
$19.92 Risk Management Stop
3 weeks Trade Duration