1 The FORD MTR CO DEL (F) stock price is trading at $13.67 currently with a market capitalization of $54.691 Billion (press time). 2 FORD stock gave more than 15.65% return to investors year-to-date. Ford has three customer-focused businesses that drive value and growth: Ford Blu...
- 1 The FORD MTR CO DEL (F) stock price is trading at $13.67 currently with a market capitalization of $54.691 Billion (press time).
- 2 FORD stock gave more than 15.65% return to investors year-to-date.
Ford has three customer-focused businesses that drive value and growth: Ford Blue (iconic gas, hybrid vehicles), Ford Model E (breakthrough EVs), and Ford Pro (commercial products, services). There was a 20% increase in revenue year-over-year to $41.5 Billion, and the net income of $1.8 Billion presents a stark contrast to last year’s net loss of $3.1 Billion.
The adjusted EBIT of $3.4 billion was 45% higher. Furthermore, Ford Pro EBIT nearly tripled to $1.4 Billion, and Ford Blue EBIT doubled, to $2.6 Billion, with margins for both surpassing 10%. Nevertheless, the company reaffirms guidance for full-year 2023 adjusted EBIT of $9 Billion to $11 Billion, with adjusted free cash flow of about $6 Billion.
Ford is keeping the full-year 2023 performance expectations that the company first stated in early February: adjusted EBIT of $9 Billion to $11 Billion and adjusted free cash flow of about $6 Billion.
Moreover, the company reaffirmed 2023 segment-level EBIT expectations of around $7 Billion for Ford Blue, up slightly from last year. A full-year loss of around $3 Billion for Ford Model E; and EBIT nearing $6 Billion for Ford Pro, which would be almost twice its 2022 earnings.
FORD Stock Price Technical Analysis
FORD MTR CO DEL. (F) has broken above the 200-day and 50-day moving averages, showing the strength of the buyers in the market. If the buyers keep up the momentum, the F stock price could increase and start an uptrend. Also, the bullish cross appears on a daily chart.
The RSI is in the oversold territory with a value of 39.19. The 14 SMA value is 53.94, which means that FORD MTR CO DEL’s price is bearish and gives negative signals.
Currently, MACD is showing a bearish sign. The MACD value is -0.0323, and the signal value is 0.1872, and both are heading below the zero line, indicating that the MACD is giving bearish signals for now.
Conclusion
FORD MTR CO DEL stock losing its momentum right now. Currently, the FORD stock price is taking support on the 50-moving average. The stock’s next move depends on whether it bounces back or breaks down from the 50-moving average. The major indicators like RSI, and MACD are pessimistic about the stock. Ford stock is crucial, so investors and traders should wait for proper setup for the next move and avoid FOMO.
Technical Levels:
- Support – The current support level is $13.06
- Resistance –The current resistance level is $15.41.
Disclaimer
This article’s F stock price prediction is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in stock is a risky task. Please consider your circumstances and risk profile before making any investment decisions.