F closes lower for the 3rd day in a row
Ford Motor Company (F) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
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 Candlestick Chart (F as at Aug 10, 2018):
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.