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F unable to break through key resistance level


Technical Analysis Report for F - Apr 16, 2018 [1 min read]
Highlights
F finds buyers around 11.27 for the third day in a row
F closes above its opening price after recovering from early selling pressure
F unable to break through key resistance level
F fails to close above 200-day moving average
F closes within previous day's range after lackluster session
TQ Sentiment
Technical Forecast:
Overview

F ended Monday at 11.38 gaining $0.10 (0.89%) on low volume. Trading up to $0.09 lower after the open, the share managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for F
Volatility

Monday's trading range was $0.18 (1.58%), that's below last trading month's daily average range of $0.25. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Unable to break through the key technical resistance level at 11.44, Ford Motor closed below it after spiking as high as 11.45 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward. The stock found buyers again today around 11.27 for the third trading day in a row after having found demand at 11.23 in the previous session and at 11.25 two days ago. After spiking up to 11.45 during the day, the market found resistance at the 200-day moving average at 11.43.

Trend

Though still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Order Flow

Buying might speed up should prices move above the close-by swing high at 11.54 where further buy stops could get triggered. Selling might accelerate should prices move below the nearby swing low at 11.23 where further sell stops could get activated.

Conclusion

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

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Bounced off Technical Resistance R1 TQ Pro Members Only
Bearish Bounce off SMA 200 TQ Pro Members Only
Low close to previous two Lows TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
Close to Swing High TQ Pro Members Only
More market conditions identified for TQ Pro members...
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