One caller during the fast-paced "Lightning Round" of Mad Money asked about Ford Motor (F) : "They're doing everything they can, but it's a really hard market," said Jim Cramer. Let's check out the charts and indicators.
In this daily bar chart of F, below, we can see that prices made a low in late December along with the broad market averages. F did trade up from around $7.50 to near $10.50 despite the negative news surrounding the company.
While the price has improved the indicators are not all that robust. F is just slightly above the rising 50-day moving average line and it has been testing that average line since late May. The 200-day moving average line is bottoming.
Volume has been diminishing the past two months or so and the On-Balance-Volume (OBV) line has been weakening since the middle of May signaling that investors have become more aggressive sellers. The Moving Average Convergence Divergence (MACD) oscillator is barely above the zero line suggesting very little "trend strength".
In this weekly bar chart of F, below, we can see that lower prices has been the dominant trend the past three years. The 40-week moving average line has turned slightly higher in recent months and the weekly OBV line is off its lows. The weekly MACD oscillator is above the zero line in a positive configuration.
In this Point and Figure chart, below, we can see an uptrend from December 2018. The price action from late April is mixed with a nearby price target of $10.49 to make a double top formation. A trade at $10.59 will refresh the uptrend.
Bottom line strategy: Has all the bad news for F been discounted? Maybe that is why prices have traded up from December. Prices could move higher from here but without a solid price target I would look for trading opportunities elsewhere.