Ford: bounce loses steam as sell signal stays in play
Ford gains 1.6% as its double-bottom bounce loses steam
Ford: bounce loses steam as sell signal stays in play
Our view last week
Ford shares bounce 4.8% off a double bottom in the 13 area, and the weekly price stays above the Ichimoku cloud: in our weekly technical analysis, these are the signs the Sell signal failed the three-week confirmation test. Signal strength drops to 20 out of 100 — a decline losing steam. Ford slips to 58th among the 137 US sell signals, and opening a new position remains high-risk per our model.
This week's summary
Ford's rebound off the double bottom near 13 keeps grinding on, but the tank is running low: this week's weekly technical analysis shows a modest gain and volume drying up, while the MACD histogram keeps shrinking. The stock still holds above its 200-week average, and earnings on July 29 are getting close — a possible trigger either way.
IQS Phase
48
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#124 / 140
US stocks
Trade P&L %
-1.21%
from signal to today
restricted Platinum content