Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Ford Motor Company's stock fell off the pivotal resistance of 5.87 amid negative signals from the RSI after reaching overbought levels, while collecting recent profits, as the stock garners momentum to help it pierce the resistance, amid the dominance of the upward short-term wave, with support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 6.67, provided the resistance of 5.87 was breached.
Expected trend for today: Bullish