Ford Motor Co (NYSE:F) will report second-quarter earnings on Wednesday. Wall Street expects 66 cents in EPS and $44 billion in revenues as the company reports after market hours.
The stock is down 0.18% over the past year, but up 14.31%% YTD. Ford stock is dipping Tuesday, alongside General Motors Co (NYSE:GM) stock's decline, following the latter's Q2 earnings report, delay of its 2024 Buick EV, and postponement of its EV pickup plant opening to 2026.
Let's look at what the charts indicate for Ford stock, and how the stock currently maps against Wall Street estimates.
Ford Technical Setup
Ford Motor's stock is currently exhibiting a moderately bullish trend with buying pressure, indicating potential for future bullish movement.
Chart created using Benzinga Pro
The share price of $13.76 is slightly below the 8-day simple moving average of $14.19, signaling a bearish moment.
This is counterbalanced by stronger bullish indicators. The stock price is above both the 20-day SMA of $13.32 and the 50-day SMA of $12.56, which are bullish signals.
Additionally, the price exceeds the 200-day SMA of $12.00, further reinforcing the bullish outlook.
Chart created using Benzinga Pro
The Moving Average Convergence Divergence (MACD) indicator at 0.51 supports a bullish stance, though the Relative Strength Index (RSI) of 59.51 suggests the stock is nearing overbought conditions. Meanwhile, the Bollinger Bands range from $11.23 to $14.85, indicating favorable buying conditions.
Read Also: What's Going On With Ford Stock Tuesday?
Ford Analysts Consensus Ratings
Ratings & Consensus Estimates: The consensus analyst rating on Ford stock stands at an Overweight currently with a price target of $15.55.
Recent analyst ratings from Barclays, Bernstein, and Citigroup suggest a 24.31% upside for Ford Motor stock with an average price target of $17.
F Price Action: Ford stock was trading at $13.94, down 1.24% at the time of publication.
Turn Trading Into The Ultimate Side Hustle Using Benzinga Tools In A Free Webinar
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。