Ford Drops After Failing To Regain Bellwether Indicator: The Bull, Bear Case For The Stock
Portfolio Pulse from Melanie Schaffer
Ford Motor Company (NYSE:F) saw a 5% drop in stock price on Wednesday, printing a bearish kicker candlestick. Despite this, Ford remains in an uptrend, with the most recent higher high at $12.78 and higher low at $11.25. The stock may consolidate under the 200-day simple moving average (SMA) before regaining support.
June 01, 2023 | 2:22 pm
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Ford's stock dropped 5% on Wednesday, but remains in an uptrend. The stock may consolidate under the 200-day SMA before regaining support.
Ford's stock dropped 5% on Wednesday, printing a bearish kicker candlestick. However, the stock remains in an uptrend, with the most recent higher high at $12.78 and higher low at $11.25. The stock may consolidate under the 200-day simple moving average (SMA) before regaining support, which could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100