Ford Motor Company (NYSE:F) HEFFX Highlights

Ford Motor Company (NYSE:F) HEFFX Highlights

Ford Motor Company (NYSE:F) HEFFX Highlights

  • Ford has announced a car and van scrappage scheme in a bid to get dirtier vehicles off the roads and boost its sales in the UK’s flagging car market.
  • While other manufacturers, including Vauxhall and BMW, have launched scrappage schemes this year, Ford’s is unusual in allowing customers to trade in and scrap any brand of older vehicle for at least £2,000.
  • Any vehicle registered before the end of 2009, with a pre-Euro V standard engine, is eligible for the scrappage incentive against a range of Ford vehicles, up to £7,000 for purchasing a Transit van.
  • Ford makes the UK’s bestselling car, the Fiesta, and van, the Transit Custom. After years of consistent growth based on cheap financing deals, UK car sales have dropped, with a 9% downturn in July attributed to a squeeze on lending and fears around Brexit.

Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations. The Automotive segment primarily includes the sale of Ford and Lincoln brand vehicles, service parts, and accessories across the world. The Financial Services segment primarily includes its vehicle-related financing and leasing activities at Ford Motor Credit Company LLC. Ford Smart Mobility LLC is a subsidiary formed to design, build, grow, and invest in emerging mobility services. The Central Treasury Operations segment is primarily engaged in decision making for investments, risk management activities, and providing financing for the Automotive segment.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 11.17.

The projected upper bound is: 10.91.

The projected lower bound is: 10.20.

The projected closing price is: 10.56.

FORD MOTOR CO closed up 0.010 at 10.570. Volume was 21% below average (neutral) and Bollinger Bands were 1% wider than normal.

Open High Low Close Volume
10.530     10.655      10.520     10.570      30,152,540

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 10.77 11.17 11.77
Volatility: 15 20 25
Volume: 31,634,812 34,530,028 37,750,108

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

FORD MOTOR CO is currently 10.2% below its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of F (mildly bearish). Our trend forecasting oscillators are currently bearish on F and have had this outlook for the last 17 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 15.7534. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 16 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 31.30. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 88 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -158.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 5 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 20 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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