Ford prepares to pierce current support - Analysis - 17-06-2022

2022-06-17 10:36:58 GMT (Economies.com)
 

Ford Motor Company's stock (F) fell 8.31% in the last session, or 1.02 points, settling at 11.25, with trading volumes surpassing 80.3 million shares, above 10-day averages of 56 million shares.

 

The stock is declining even after General Motors and Ford CEOs assert US demand on cars and trucks remain strong despite higher interest rates.

 

The downward correctional trend dominates in the short term, with negative pressure from the 50-day SMA, with negative signals from the RSI, with the stock preparing to pierce the support of 11.14.

 

Therefore we expect more losses for the stock, targeting the support of 9.50, provided the initial support of 11.14 was pierced. 

 

Trade US Stocks with 1:50 leverage

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.0169
-0.0050
0.4898%
1.2067
-0.0038
0.3102%
19.816
-0.435
2.148%
89.191
1.930
2.212%
94.89
1.19
1.27%
1769.085
-12.600
0.707%
 
 
News Today