Ford Stock Price Prediction: F Stock Might Rally in 2023

Ford stock price has experienced an interesting roller coaster ride over the daily time frame chart.
Ford share price has witnessed huge declines and is now trying to near $1.30 price level.
Ford Motor Co (NYSE: F) stock price has been continuously getting caught in short-sellers clutch and can be seen recovering till primary resistance level and retreating back.

Ford stock price has been trading inside an interesting rising parallel channel over the daily time frame chart. Meanwhile, F stock price can be observed trading towards the upper trendline of the parallel channel to recover itself over the daily time frame chart. However, volume change is still below average and needs to grow for F shares to reach the primary resistance level and register its breakout. F stock price needs to attract more buyers during the day’s trading session in order to maintain itself inside the ascending parallel channel.

Ford stock price was at $13.45 and has gained 2.28% of its market capitalization during the day’s trading session. Trading volume can be observed below average and needs to grow for F stock to maintain its recovery. F share price needs to increase the accumulation rate of buyers during the day’s trading session to recover maximum through the channel.

Ford stock price has been recovering through an interesting ascending parallel channel over the daily time frame chart. F stock price has recovered above 20, 50 and 100-days Daily Moving Average while preparing to surge towards the 200-days DMA. Ford share price needs to accumulate more buyers as highlighted by the volume bars over the daily time frame chart.

Ford Stock Price Might Reach 2022 High During 2023

Ford stock price has gained around 9.32% during the period of a month showcasing the potential of F shares. Meanwhile, Ford stock price has surged around 12.09% Year to Date. F share price might surge maximum during 2023 as speculated by some analysts.

Reports suggest that Ford share price might recover maximum while reaching near the 2022 high at $25 and may look for a sudden spike with a strong bullish rally by mid 2023. However, some reports confirm that F share price may recover above $20 by mid 2023 and then F stock price will try to surpass the $25 level.

Will F Share Price Follow the Recovery?

Ford stock price has been trading inside the rising parallel channel over the daily time frame chart. Technical indicators suggest the uptrend momentum of F stock inside the channel.

Relative Strength Index showcases the upside momentum of F shares. RSI was at 54 and has been moving towards the overbought territory leaving neutrality. MACD exhibits the upside trend of Ford shares. The MACD line is above the signal line showcasing the potential of F stocks to rise. Investors in Ford Motor Co (NYSE: F) shares might look for a tremendous recovery over the daily time frame chart.

Summary

Ford stock price has been trading inside an interesting rising parallel channel over the daily time frame chart. Meanwhile, F stock price can be observed trading towards the upper trendline of the parallel channel to recover itself over the daily time frame chart. Ford share price needs to accumulate more buyers as highlighted by the volume bars over the daily time frame chart. However, some reports confirm that F share price may recover above $20 by mid 2023 and then F stock price will try to surpass the $25 level. Technical indicators suggest the uptrend momentum of F stock inside the channel. Investors in Ford Motor Co (NYSE: F) shares might look for a tremendous recovery over the daily time frame chart.

Technical Levels

Support Levels: $12.80 and $12.12

Resistance Levels: $15.00 and $16.45

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing