Taking everything into account, FWRD scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. FWRD was also a bad performer in the overall market in the last year.
FWRD has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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13.61
When analyzing the support we can see 5 important areas.
- A support zone ranging from 25.40 to 25.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.54 from a trend line in the daily time frame.
- Support @19.95 from a trend line in the weekly time frame.
- Support @18.97 from a trend line in the daily time frame.
- Support @13.75 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 25.90 to 26.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.34 from a trend line in the weekly time frame.
- Resistance @30.79 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for FWRD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FWRD is up. |
| ChartMill Relative Strength | 16.11 | NEGATIVE | FWRD has a low relative strength, it was outperformed by 83.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FWRD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FWRD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FWRD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.77 | NEUTRAL | The RSI value for FWRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests FWRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.94 | OVERBOUGHT | The high Stochastics value suggests FWRD may be overbought. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for FWRD suggests some volalility. |
| Average Directional Index/ADX (14) | 33.07 | POSITIVE | The high ADX value value for FWRD suggests a strong trend. |
25.47
-0.03 (-0.12%)
FORWARD AIR CORP / FWRD FAQ
Can you provide the ChartMill technical rating for FORWARD AIR CORP?
ChartMill assigns a technical rating of 5 / 10 to FWRD.
What is the current trend direction of FORWARD AIR CORP (FWRD) stock?
The current trend direction for FORWARD AIR CORP (FWRD) is Bearish.
Can you provide the RSI signal for FORWARD AIR CORP?
FORWARD AIR CORP (FWRD) has an RSI value of 65.7698. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FORWARD AIR CORP?
The MACD indicator for FORWARD AIR CORP (FWRD) has a value of 0.249785, indicating a bearish trend.
What is the short term momentum for FORWARD AIR CORP (FWRD) stock?
The short term momentum for FORWARD AIR CORP (FWRD) is positive.