F unable to break through key resistance level

Ford Motor Company (F) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team


F unable to break through key resistance level
F closes higher for the 3rd day in a row
F pushes through previous session high
F rises to highest close since September 5th


Moving higher for the 3rd day in a row, F finished the week 1.94% higher at 9.45 after gaining $0.08 (0.85%) today. Today's closing price of 9.45 marks the highest close since September 5th. Closing above Thursday's high at 9.41, Ford Motor confirms its breakout through the previous session's high having traded $0.07 above it intraday.

Daily Candlestick Chart (F as at Sep 14, 2018):

Daily technical analysis candlestick chart for Ford Motor Company (F) as at Sep 14, 2018

Friday's trading range was $0.12 (1.28%), that's below last trading month's daily average range of $0.17. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly below average.

Unable to break through the key technical resistance level at 9.46, the stock closed below it after spiking as high as 9.48 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward.

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

As prices are trading close to September's high at 9.58, upside momentum might accelerate should the share mark new highs for the month.

Market Conditions for F as at Sep 14, 2018

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