When the Price of (FWRD) Talks, People Listen
May 28, 2024, 06:24 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FWRD
- Buy FWRD slightly over 8.38 target 18.34 stop loss @ 8.36 Details
The technical summary data tells us to buy FWRD near 8.38 with an upside target of 18.34. This data also tells us to set a stop loss @ 8.36 to protect against excessive loss in case the stock begins to move against the trade. 8.38 is the first level of support below 12.74 , and by rule, any test of support is a buy signal. In this case, support 8.38 would be being tested, so a buy signal would exist.
- Short FWRD slightly under 18.34, target 8.38, stop loss @ 18.39 Details
The technical summary data is suggesting a short of FWRD as it gets near 18.34 with a downside target of 8.38. We should have a stop loss in place at 18.39though. 18.34 is the first level of resistance above 12.74, and by rule, any test of resistance is a short signal. In this case, if resistance 18.34 is being tested, so a short signal would exist.
Swing Trading Plans for FWRD
- Buy FWRD slightly over 18.34, target 29.07, Stop Loss @ 18.29 Details
If 18.34 begins to break higher, the technical summary data tells us to buy FWRD just slightly over 18.34, with an upside target of 29.07. The data also tells us to set a stop loss @ 18.29 in case the stock turns against the trade. 18.34 is the first level of resistance above 12.74, and by rule, any break above resistance is a buy signal. In this case, 18.34, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FWRD slightly near 18.34, target 12.53, Stop Loss @ 18.39. Details
The technical summary data is suggesting a short of FWRD if it tests 18.34 with a downside target of 12.53. We should have a stop loss in place at 18.39 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 18.34, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for FWRD
- Buy FWRD slightly over 18.34, target 29.07, Stop Loss @ 18.3 Details
If 18.34 begins to break higher, the technical summary data tells us to buy FWRD just slightly over 18.34, with an upside target of 29.07. The data also tells us to set a stop loss @ 18.3 in case the stock turns against the trade. 18.34 is the first level of resistance above 12.74, and by rule, any break above resistance is a buy signal. In this case, 18.34, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FWRD slightly near 18.34, target 12.55, Stop Loss @ 18.38. Details
The technical summary data is suggesting a short of FWRD if it tests 18.34 with a downside target of 12.55. We should have a stop loss in place at 18.38 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 18.34, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Forward Air Corporation (FWRD) available here: FWRD.
FWRD Ratings for May 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
8.38 |
| P2 |
11.08 |
10.87 |
18.34 |
| P3 |
12.55 |
12.53 |
29.07 |
AI Generated Signals for FWRD
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Forward Air Corporation (NASDAQ: FWRD) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for FWRD can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FWRD:
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