FORWARD INDUSTRIES INC. - 1H - Technical analysis published on 10/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 3.75 USD
My targets
3.58 USD (-2.80%)
3.30 USD (-10.33%)
My analysis
In the short term, we can see an acceleration in the bearish trend on FORWARD INDUSTRIES INC., which is a positive signal for sellers. As long as the price remains above 3.75 USD, a sale could be considered. The first bearish objective is located at 3.58 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.30 USD as an objective. If the price were to return above 3.75 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.3
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Additional analysis
Quotes
The FORWARD INDUSTRIES INC. rating is 3.68 USD. On the day, this instrument lost -1.60% and was traded between 3.43 USD and 3.91 USD over the period. The price is currently at +7.29% from its lowest and -5.88% from its highest.3.43
3.91
3.68
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FORWARD INDUSTRIES INC.:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this FORWARD INDUSTRIES INC. chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.30 | 3.68 | 3.75 | 4.74 | 5.59 |
| Change (%) | -10.33% | - | +1.90% | +28.80% | +51.90% |
| Change | -0.38 | - | +0.07 | +1.06 | +1.91 |
| Level | Major | - | Major | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.96 | 3.19 | 3.44 | 3.67 | 3.92 | 4.15 | 4.40 |
| Camarilla | 3.55 | 3.59 | 3.64 | 3.68 | 3.72 | 3.77 | 3.81 |
| Woodie | 2.96 | 3.20 | 3.44 | 3.68 | 3.92 | 4.16 | 4.40 |
| Fibonacci | 3.19 | 3.38 | 3.49 | 3.67 | 3.86 | 3.97 | 4.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.10 | 2.25 | 3.82 | 4.97 | 6.54 | 7.69 | 9.26 |
| Camarilla | 4.63 | 4.88 | 5.13 | 5.38 | 5.63 | 5.88 | 6.13 |
| Woodie | 1.30 | 2.36 | 4.02 | 5.08 | 6.74 | 7.80 | 9.46 |
| Fibonacci | 2.25 | 3.29 | 3.93 | 4.97 | 6.01 | 6.65 | 7.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.45 | 2.78 | 3.25 | 3.58 | 4.05 | 4.38 | 4.85 |
| Camarilla | 3.51 | 3.58 | 3.66 | 3.73 | 3.80 | 3.88 | 3.95 |
| Woodie | 2.53 | 2.82 | 3.33 | 3.62 | 4.13 | 4.42 | 4.93 |
| Fibonacci | 2.78 | 3.08 | 3.27 | 3.58 | 3.88 | 4.07 | 4.38 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.14 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | 0.48 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 3.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.42 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 4.32 | |
| Zig ZAG (10): | 3.68 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 22.87 | |
| TEMA (21): | 3.50 | |
| Williams %R (14): | -67.95 | |
| Chande Momentum Oscillator (20): | -0.29 | |
| Repulse (5,40,3): | 2.3400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3800 | |
| Courbe Coppock: | 30.62 |
| MA7: | 3.97 | |
| MA20: | 3.71 | |
| MA50: | 3.77 | |
| MA100: | 4.19 | |
| MAexp7: | 3.66 | |
| MAexp20: | 3.86 | |
| MAexp50: | 3.91 | |
| MAexp100: | 3.83 | |
| Price / MA7: | -7.30% | |
| Price / MA20: | -0.81% | |
| Price / MA50: | -2.39% | |
| Price / MA100: | -12.17% | |
| Price / MAexp7: | +0.55% | |
| Price / MAexp20: | -4.66% | |
| Price / MAexp50: | -5.88% | |
| Price / MAexp100: | -3.92% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on FORWARD INDUSTRIES INC. at the time of the analysis were as follows:
- Intelligent Product Solutions Announces that Brad Carlson Joins as VP of Technology and Business Development
- Intelligent Product Solutions Launches Advanced Concept Studio (ACS) Division Focused on Industrial and UX/UI Design Services
- Intelligent Product Solutions Names Jan Niewiadomski to CTO
- Intelligent Product Solutions, a Forward Industries Company, Receives Red Dot 2023 Award for Innovative Design with Verizon
- Forward Reports Fiscal 2023 Third Quarter Results
This member declared not having a position on this financial instrument or a related financial instrument.
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