Ford Enjoys Bullish Drive Ahead Of Q3 Earnings, Struggles To Break Through Higher Resistance Levels

Ford Motor Co F will be reporting its second-quarter earnings on Monday. Wall Street expects 47 cents in EPS and $41.88 billion in revenues as the company reports after market hours.

The stock is up 13.31% over the past year, down 8.96% year-to-date.

Let’s look at what the charts indicate for Ford stock and how the stock currently maps against Wall Street estimates.

Ford Stock Chart Bullish Ahead Of Q3 Earnings 

Ford stock is currently showing a moderately bullish trend, supported by several key indicators.

Chart created using Benzinga Pro

The stock’s price of $11.07 is trading at or above its eight-day, 20-day and 50-day simple moving averages (SMAs) of $11.07, $10.83, and $10.83, respectively, all of which are bullish signals indicating potential for upward movement in the near term.

The Moving Average Convergence Divergence (MACD) of 0.10 further reinforces this positive momentum, suggesting that Ford could experience continued buying interest in the short term. However, the stock is facing selling pressure, which hints at possible bearish movement ahead if this pressure intensifies.

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In the longer term, caution is warranted. The 200-day SMA sits at $11.86, well above the current price, signaling some vulnerability in Ford's overall trend. This could imply that despite the recent bullish signals, the stock may struggle to break through higher resistance levels unless market conditions improve.

Additionally, the Relative Strength Index (RSI) of 55.35, and rising, suggests that Ford is approaching overbought territory, which could limit further gains and possibly lead to a short-term pullback.

Investors may want to watch closely for any shifts in momentum, as the balance between buying and selling pressure could dictate the next move for Ford stock.

Ford Analysts See 16% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Ford stock stands at a Buy currently with a price target of $14.51. The most recent analyst ratings from Barclays, Goldman Sachs and Morgan Stanley give Ford stock an average price target of $13, implying a 16.28% upside.

F Price Action: Ford stock closed the trading day Friday at $11.07, down 1.51%.

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