Ford Stock Signals Trouble With Death Cross: A Bumpy Road Ahead?
Portfolio Pulse from Surbhi Jain
Ford Motor Co (NYSE:F) is facing a bearish outlook as it experiences a Death Cross, with its stock falling 8.7% YTD and 19% in the past month. The company has delayed its electric F-150 to 2027 and scrapped its three-row electric SUV, raising concerns about its EV strategy. Technical indicators suggest a continued downtrend.
August 23, 2024 | 3:01 pm
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Ford's stock is experiencing a bearish trend with a Death Cross, indicating potential further declines. The company has delayed its electric F-150 to 2027 and scrapped its three-row electric SUV, raising concerns about its EV strategy.
The Death Cross, where the 50-day SMA crosses below the 200-day SMA, is a strong bearish signal. Ford's stock is trading below both SMAs, and the MACD indicator is negative, reinforcing the bearish outlook. Delays in EV plans further exacerbate concerns, suggesting potential further declines in stock price.
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