Forward Air Stock Technical Analysis

FWRD Stock  USD 35.68  0.74  2.12%   
As of the 22nd of November, Forward Air shows the Mean Deviation of 2.49, downside deviation of 2.97, and Coefficient Of Variation of 1232.08. Forward Air technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Forward Air variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Forward Air is priced favorably, providing market reflects its regular price of 35.68 per share. Given that Forward Air has jensen alpha of 0.1432, we urge you to verify Forward Air's prevailing market performance to make sure the company can sustain itself at a future point.

Forward Air Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Forward, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Forward
  
Forward Air's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Forward Air Analyst Consensus

Target PriceAdvice# of Analysts
83.33Buy8Odds
Forward Air current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Forward analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Forward stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Forward Air, talking to its executives and customers, or listening to Forward conference calls.
Forward Analyst Advice Details
Forward Air technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Forward Air technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Forward Air trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Forward Air Technical Analysis

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The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Forward Air volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Forward Air Trend Analysis

Use this graph to draw trend lines for Forward Air. You can use it to identify possible trend reversals for Forward Air as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Forward Air price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Forward Air Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Forward Air applied against its price change over selected period. The best fit line has a slop of   0.04  , which means Forward Air will continue generating value for investors. It has 122 observation points and a regression sum of squares at 72.28, which is the sum of squared deviations for the predicted Forward Air price change compared to its average price change.

About Forward Air Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Forward Air on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Forward Air based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Forward Air price pattern first instead of the macroeconomic environment surrounding Forward Air. By analyzing Forward Air's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Forward Air's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Forward Air specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 (projected)
Dividend Yield0.0069870.0092070.0153
Price To Sales Ratio1.981.421.19

Forward Air November 22, 2024 Technical Indicators

Most technical analysis of Forward help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Forward from various momentum indicators to cycle indicators. When you analyze Forward charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Forward Air November 22, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Forward stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Complementary Tools for Forward Stock analysis

When running Forward Air's price analysis, check to measure Forward Air's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forward Air is operating at the current time. Most of Forward Air's value examination focuses on studying past and present price action to predict the probability of Forward Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forward Air's price. Additionally, you may evaluate how the addition of Forward Air to your portfolios can decrease your overall portfolio volatility.
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