Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Ford Motor Company's stock closed marginally lower in the intraday levels, registering a loss of 0.07% in the last session, or 0.01 points, after the stock leaned on the important support of 13.43, which represents the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 15.84 to 11.02), with ongoing positive support from the SMA for the last 50 days period.
Therefore we expect the stock to return higher in the coming trading, provided the support of 13.43 holds on, targeting the resistance of 14.00, which represents the ratio 61.8% of the same retracement levels mentioned earlier.