F) Strengthen From Demand Zone?

Ford Motor Co. is involved in the production, distribution, and sale of automobiles. The Ford Blue, Ford Model E, and Ford Pro segment includes the sale of Ford and Lincoln vehicles, service parts, and accessories, along with the associated costs to develop, manufacture, distribute, and service them.

Ford Motor Company. (F) stock is good value, as reported by the financial analysis website Simply Wall St., based on its ratio of Price-To-earnings which is 11.6x compared to the estimated Fair ratio of Price-To-earnings which is 20.1x and compared to the average of the Global Auto industry which is 12.4x. Moreover, Vanguard Group Inc. is the top shareholder of Ford stock and owns 8.47% of the company, with a current value of $4.1 Billion and a total F share count of 339,103,490.

Ford Motors Company (NYSE: F) stock price has been fluctuating and trading within a tight range in recent sessions. The stock faced resistance near the supply zone and could not sustain the bullish momentum around July 11th, resulting in a downtrend. 

The price action also showed that the stock rebounded around May 25th from the demand zone, but failed to break above the $15 level, and remained below the key moving averages. Moreover, F stock price shows seller dominance and did not manage to keep the gains near the resistance zone of $14, and showed a decline in the previous sessions. The price action showed a negative outlook and a pattern of buying on dips and selling on rises for the past weeks, and the price stayed in a narrow range, losing momentum. 

At press time, Ford’s stock price was $12.03 with an intraday minor loss of -0.17% trading below the major EMAs, showing neutrality on the charts. Moreover, the intraday trading volume of F is 30.618 Million less than the 10-day aggregate volume of 44.314 Million.

Technical Analysis of F Stock Price in 1-D Timeframe

F stock price is trading close to the demand zone and looking to test the neckline of $10 to regain strength. However, the trend is neutral, favoring the sellers who are pushing the price down from the supply zone. The stock attempted several times to breach the range but faced rejections.

Despite the positive Q2 earnings results, F stock could not maintain the gains above the cluster of $15 and fell back to $10. This reversal indicates that bears have a strong hold near $15, while buyers have a strong hold near $10. This range indicates that the price has been hovering between these levels. However, a breakout can occur above or below these levels.

Therefore, If Ford fails to maintain its current level, the F price could continue to drag downwards and hit the nearest support levels around $11 and $10.

Alternatively, if the stock price sustains the current level and Ford’s price increases, then it might reach the nearest resistance levels of $14 and $15.

However, analysts have a neutral rating with a yearly target price of $14.77, which was the level where the stock faced rejection in the previous sessions.

At the time of publishing, Ford Motor Company. (NYSE: F) is trading below the 20, and 50 EMA. RSI is in bearish territory and MACD is below the zero line.

Summary

Ford Motors Company (NYSE: F) stock price has been trading within a tight range between $10 and $15 in recent sessions, facing resistance from sellers near the upper level and support from buyers near the lower level. The trend is neutral and a breakout can happen in either direction. The company operates in various segments related to automobiles and their parts and services. Ford Motor Company (NYSE: F) stock prices are bearish on the 1-D time frame. The traders and investors also indicate negative and bearish sentiments.

Technical Levels

• Support levels: The nearest support levels for F price are $14 and $12.
• Resistance levels: The nearest resistance levels for the Ford stock price are $18 and $21.

Disclaimer

In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Nancy J. Allen is a crypto enthusiast and 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.

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