F closes lower for the 3rd day in a row


Ford Motor (F) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
F dominated by bears dragging the market lower throughout the day
F closes lower for the 3rd day in a row
F ends the day on a bearish note closing near the low of the day
F breaks below previous session low
F falls to lowest close since September 5, 2012
TQ Sentiment
Report Sentiment: 60% Bearish
Technical Forecast:
Overview

Moving lower for the 3rd day in a row, F ended the week -2.99% lower at 9.74 after losing $0.17 (-1.72%) today. Today's closing price of 9.74 marks the lowest close since September 5, 2012. The bears were in full control today, moving the market lower throughout the whole session. Closing below Thursday's low at 9.90, Ford Motor confirms its breakout through the prior session's low having traded $0.18 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for F
Volatility

Friday's trading range was $0.19 (1.92%), that's slightly above last trading month's daily average range of $0.17. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being slightly bullish.

Market Conditions for Ford Motor
Condition Forecast Direction Win Avg Worst Best Events
Close to S1 Support TQ Pro Members Only
52 Week Low TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
Bearish Spinning Top TQ Pro Members Only
Bullish Hikkake Pattern TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

F finds buyers at key support level

Aug 15, 2018
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