F closes lower for the 3rd day in a row
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.
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.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
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
|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|
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