Ford Motor Firm F is ready to print its fourth-quarter monetary outcomes after the market shut right this moment (Feb. 2). The inventory was motoring north heading into the occasion, buying and selling up greater than 5%.

When the legacy-turning-electric car producer printed its third-quarter outcomes on Oct. 26, the inventory was buying and selling in a steep uptrend, which continued till Nov. 11, when Ford rejected the 200-day easy transferring common and reversed course.

For the third quarter, Ford reported blended outcomes. The corporate printed EPS of 30 cents, which missed the consensus estimate of 32 cents. Ford beat on the highest line, reporting revenues of $37.19 billion in comparison with the $36-billion estimate.

For the fourth quarter, analysts count on Ford to report an EPS of 62 cents on revenues of $40.37 billion.

On Jan. 25, JP Morgan analyst Ryan Brinkman maintained an Chubby score on Ford on Tuesday and lowered the value goal from $16 to $15.

From a technical evaluation standpoint, Ford’s inventory seems headed larger following the earnings print however could also be due for a short-term pullback. It needs to be famous that holding shares or choices over an earnings print is akin to playing as a result of shares can react bullishly to an earnings miss and bearishly to an earnings beat.

Choices merchants, notably those that are holding close-dated calls or places, tackle the additional danger as a result of the intuitions writing the choices improve premiums to account for implied volatility.

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The Ford Chart: Ford reversed into its most up-to-date uptrend on Dec. 28, when the inventory bounced up off the $10.90 mark. Ford’s most up-to-date larger low was fashioned on Jan. 19 at $12.04 and the latest confirmed larger excessive was printed on the $13.53 mark on Jan. 12, when the inventory rejected the 200-day easy transferring common (SMA).

• On Tuesday, Ford gapped up above the 200-day SMA, indicating a brand new bull cycle may very well be on the horizon. Since then, Ford has printed two massive bullish candlesticks, rising up over 8% off the 200-day.
• The latest sharp rise triggered Ford’s relative energy index (RSI) to succeed in the 70% mark. When a inventory’s RSI reaches or exceeds that degree, it turns into overbought, which generally is a promote sign for technical merchants.
• If Ford receives a bullish response to its earnings print and flies larger once more on Friday, a pullback is probably going imminent. If the inventory receives a impartial response, an inside bar might print, which might lean bullish for a continuation larger into subsequent week.
• If Ford suffers a bearish response and falls decrease, the inventory might discover assist on the 200-day SMA. It will be thought of wholesome for the inventory to retest that degree and maintain above it. If Ford had been to go under the 200-day, a downtrend may very well be within the playing cards.
• Ford has resistance above at $15.53 and $16.45 and assist under at $14.34 and $13.55.

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