Ford stock price forecast bearish after news Ford was using driver assistance during fatal Texas crash
Technical Analysis Summary Ford Motor: Sell
| Indicator | VALUE | Signal |
| RSI | Neutro | |
| MACD | Sell | |
| Donchian Channel | Neutro | |
| MA(200) | Buy | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
Chart Analysis
The technical analysis of the Ford stock price chart on 4-hour timeframe shows #S-F,H4 is retracing down toward the 200-period moving average MA(200) after hitting eight-month high a week ago. We believe the bearish momentum will resume after the price breaches below the lower boundary of Donchian channel at 12.91. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 13.45. After placing the order, the stop loss is to be moved every day to the next fractal high indicator, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (13.45) without reaching the order (12.91), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Analisi Fondamentale -
Ford Motor stock ended little changed after news Ford car was using driver assistance during fatal Texas crash. Will the Ford stock price retreat?
The National Transportation Safety Board said a Ford Mustang Mach-E was using "BlueCruise" - an advanced hands-free driving system when it struck the rear of a stationary Honda CR-V in San Antonio, Texas in a February 24 crash. National Highway Traffic Safety Administration said the same day it was investigating a March 3 fatal crash between a Ford Mustang Mach-E and two stationary cars in Philadelphia. In that crash, the Ford, which may have been using advanced driver assistance system, struck two stationary vehicles, killing two people and halting traffic for hours. Last December, electric car maker Tesla agreed to recall 2 million vehicles to install new safeguards for its Autopilot driver assistance system. Vehicle crashes investigations news is bearish for a carmaker’s stock as it damages manufacturer’s reliability reputation. Ford stock closed down 0.15% on the day after investigations news.