Stock of the day: Ford
11 February 2025
In today’s analysis, we focus on Ford, which is facing significant challenges on the weekly chart. The price is currently at its lowest level since January 2021, having broken through a critical horizontal support that held strong throughout 2023 and 2024. Last week's weekly candle closed below this support, and Monday's session opened beneath it and has remained there since.
As long as the price stays below the yellow resistance area, the sentiment remains negative. The next target lies on the red horizontal line, marking the lows from 2020. While it may seem unlikely for the price to drop that low, current technical indicators suggest this bearish scenario is plausible unless buyers can reclaim key support.
For sentiment to turn positive, the price must close a weekly candle above the yellow resistance, indicating that buyers have regained control. Until then, selling pressure is expected to dominate, with the possibility of further downside in the coming sessions. Traders should keep a close eye on whether buyers can make any attempt to push the price back above this crucial level.