Ford: positive projections

Information is not investment advice

Ford will publish its Q4’2020 earnings on the night of February 4-5. What to expect?

Ford & Google

Ford and Google shares rose on Monday after the companies signed a partnership to produce connected vehicles powered by Google's Android operating system. “As Ford continues the most profound transformation in our history with electrification, connectivity, and self-driving, Google and Ford coming together establish an innovation powerhouse truly able to deliver a superior experience for our customers and modernize our business,” Ford President said.

Biden's green energy boom

Ford is one of the stocks after Tesla to benefit from Biden’s green energy boom. The President pledged to fight climate change and support the development of zero-emission vehicles. His goal is to reach a carbon-free energy sector in the US by 2035. Ford should benefit due to its approach to its "digital transformation".

If the actual earnings are greater than the estimates of -0.08, the stock price will jump.
If the actual earnings are less than the estimates of -0.08, the stock price will drop.

Снимок.PNG

Check earnings calendar

Technical analysis

There’s an interesting situation on the Ford weekly chart. We can notice the basic case of retracement. The key level is $10.50 as the price has failed to cross it many times when this level was both support and resistance. Retracement to a key level creates the optimal situation to enter the market. In the chart below you can notice that the price has pulled back to the key level after it closed above it. Since the stock is moving in an uptrend, this pullback should be a natural sell-off ahead of the further rally upwards. The move above the high of January 17 at $12.00 will push the price up to the record high of $13.50 unseen since 2018. Support levels are $8.75 and $7.50.

What should you do for trading stocks?

Trading stocks with FBS is easy. If you want to trade stocks, follow the simple steps described below.

First of all, be sure you’ve downloaded Metatrader 5. FBS allows you to trade stocks only through this software.
Open the MT5 account in your personal area.
Reveal all trading instruments by clicking “show all” at the “Market Watch” window.
Log in!

LOG IN

FBS Analyst Team

More by this author

Similar

17.11.2022 17:56 G20: what did the leaders decide?

The G20 summit took place in Bali, Indonesia, on November 2022…

09.09.2022 18:15 The End of Era: What Might the UK Face Next?

The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…

10.06.2022 15:53 Why didn't oil prices calm despite OPEC+ attempts?

After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.

wti - west texas intermediate oil brent

Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus

fundamental analysis market forecast jpy - japanese yen technical analysis usd forex signals aud - australian dollar

Share with friends:

Choose your payment system

Phone number

Select the best time for us to call you.

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.