The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
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Rising Wedge Pattern (Ascending Wedge)

Rising Wedge Chart PatternA Rising Wedge pattern also known as Ascending Wedge pattern is one of the most reliable, low-risk, and high-reward chart pattern. A Rising Wedge (Ascending Wedge) pattern is a triangle formation with noticeable slant to the upside. The line that connects the bottoms of the formation represents a support trend line. The resistance trend line connects the formation's tops. The Rising Wedge pattern is valid when the price touched both the support and resistance lines alternatively at least tree times. Unlike the Rising Channel formation, where support and resistance lines are parallel, in a Rising Wedge formation the support line is noticeably steeper than the resistance line. A Rising Wedge represents the loss of the upside momentum and has a bearish bias.

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- 3/15/2024 -
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Ford Motor (F) Technical Analysis

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Summary:
Weekly :
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldMACD bullish divergencePrice is close to the 50 Day Moving AverageTrend support at 12.05The period of low volatility of the stock price
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It was the negative week for the Ford Motor (F). During the week, the F gave back -0.12 points, or -0.99%, and closed at 12.06 on Friday, March 15, 2024. Weekly volume was -8% below average.

Long-term trend: [See F long-term trend chart]
A long-term downtrend had started on August 16, 2022 at 16.68 and reached 9.63 on October 31, 2023. F lost 7.05 points, or 42.27%, in 63 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 9.12 and resistance is at 14.39. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See F medium-term trend chart]
A medium-term uptrend had started on October 31, 2023 at 9.63 and reached 13.07 on February 12, 2024. F gained -3.44 points, or -35.72%, in 14 weeks. The price is now at the 29.36% retracement level.

Weekly Technical Indicators: [See F weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 15, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See F short-term trend chart]
A short-term uptrend had started on February 26, 2024 at 11.95 and reached 13.03 on March 4, 2024. F gained -1.08 points, or -9.04%, in 7 days. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (12.05) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See F daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since March 6, 2024. The distance between MACD and the signal line is low, but getting bigger.

The distance between the Bollinger Bands is falling, and it was 6.63% on Friday. It is 57.32% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.68
Williams' Percentage Range (W%R) 90.70
Strong Oversold
Lane's Stochastic (%D-Slow) 13.95
Oversold
Greed/Fear Indicator (GFI) 25.30
Moving Average Converg./Diverg. (MACD) 0.07 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.08
Williams' Percentage Range (W%R) 29.60
Lane's Stochastic (%D-Slow) 67.83
Greed/Fear Indicator (GFI) 62.94
Moving Average Converg./Diverg. (MACD) -0.09
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 14.39
Upper Bollinger Band 12.63
Parabolic System 12.59
Weekly Trendline Resistance 12.32
Weekly Stochastic Crossing 12.26
20 Day Moving Average 12.26
Daily Stochastic Crossing 12.09
Price 12.06
Weekly Trendline Support 12.05
50 Day Moving Average 12.01
Lower Bollinger Band 11.84
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Automobile Manufacturers 87
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 13.03
High Date 03/04/2024
Low 12.01
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Support
Resistance 12.32
Support 12.05
Low 11.95
Low Date 02/26/2024
High 13.03
High Date 03/04/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.63
Low Date 10/31/2023
High 13.07
High Date 02/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 14.39
Support 9.12
High 16.68
High Date 08/16/2022
Low 9.63
Low Date 10/31/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.87
High Date 01/13/2022
Low 9.63
Low Date 10/31/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.