Ford (F, $14.86) halting production in Michigan factory, curbing output in 8 other plants
Automaker Ford is reportedly suspending production at the Michigan factory. Also, it is reducing production at eight additional factories owing to the global semiconductor shortage.
The Michigan plant that makes the Bronco and Ranger pickup will be closed during the weeks of July 5 and July 26 (as reported in Bloomberg). It is not due to the chip shortage.
Ford is also limiting production at eight additional factories in July and August due to the global chip shortage. The company was diverting its scarce semiconductor supply to be used for completing nearly finished vehicles.
Ford’s Chief Executive Jim Farley revealed this month that the company had received 190,000 reservations for the Bronco, and around 125,000 had been converted to orders to build the new SUV.
F's Stochastic Oscillator stays in oversold zone for 4 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Current price $13.50 crossed the support line at $12.98 and is trading between $15.23 resistance and $12.98 support lines. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -12% Downtrend. During the week of 05/06/22 - 05/13/22, the stock fell -5%.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where F's RSI Indicator exited the oversold zone, 19 of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 63%.
Following a +4.98% 3-day Advance, the price is estimated to grow further. Considering data from situations where F advanced for three days, in 184 of 290 cases, the price rose further within the following month. The odds of a continued upward trend are 63%.
F may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on April 26, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on F as a result. In 50 of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 56%.
The Moving Average Convergence Divergence Histogram (MACD) for F turned negative on May 06, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In 28 of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at 64%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where F declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 62%.
The Aroon Indicator for F entered a downward trend on May 11, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 63%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.67.
The Tickeron SMR rating for this company is 9 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 24 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.206) is normal, around the industry mean (2.903). P/E Ratio (4.719) is within average values for comparable stocks, (72.661). Projected Growth (PEG Ratio) (0.321) is also within normal values, averaging (1.483). Dividend Yield (0.022) settles around the average of (0.035) among similar stocks. P/S Ratio (0.404) is also within normal values, averaging (141.420).
The Tickeron Price Growth Rating for this company is 62 (best 1 - 100 worst), indicating steady price growth. F’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 65 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is 84 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.
The average market capitalization across the Motor Vehicles Industry is 31.9B. The market cap for tickers in the group ranges from 4.3M to 797.3B. TSLA holds the highest valuation in this group at 797.3B. The lowest valued company is GKIT at 4.3M.
The average weekly price growth across all stocks in the Motor Vehicles Industry was -1.73%. For the same Industry, the average monthly price growth was -9.54%, and the average quarterly price growth was -30.98%. RIDE experienced the highest price growth at 28.27%, while GOEV experienced the biggest fall at -26.62%.
- 4/20/22 8:58 AM: Ford Motor (F, $16.15) was a top weekly gainer, with a +5.14% jump
- 3/19/22 4:49 AM: Ford Motor (F, $16.86) was a top weekly gainer, with a +5.11% jump
- 3/3/22 7:26 AM: Ford Motor (F, $18.1) was a top weekly gainer, with a +6.78% jump
The average weekly volume growth across all stocks in the Motor Vehicles Industry was 46.76%. For the same stocks of the Industry, the average monthly volume growth was 82.63% and the average quarterly volume growth was 15.15%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA50MA10 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 52%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.38.
43 stocks in the group of tickers confirmed the negative outlook based on the Declines indicator with average odds of 72%.
The most notable companies in this group are Tesla (NASDAQ:TSLA), General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F), NIO (NYSE:NIO), Harley-Davidson (NYSE:HOG).
The average market capitalization across the group is 40B. The market cap for tickers in the group ranges from 302.4K to 797.3B. TSLA holds the highest valuation in this group at 797.3B. The lowest valued company is RCIT at 302.4K.
- 5/10/22 5:36 AM: Tesla (TSLA, $787.11) saw a $120.0B market cap decrease this week
- 5/6/22 5:04 AM: Tesla (TSLA, $873.28), market cap dropped by $82.2B
- 5/5/22 4:57 AM: Tesla (TSLA, $952.62) saw a $73.7B market cap increase this week
The average weekly price growth across all stocks in the group was -1.22%. For the same group, the average monthly price growth was -7.07%, and the average quarterly price growth was -30.88%. RIDE experienced the highest price growth at 28.27%, while GOEV experienced the biggest fall at -26.62%.
- 5/14/22 4:23 AM: Lordstown Motors (RIDE, $2.45) is a top weekly gainer for penny stocks, rising +28.27%
- 5/14/22 4:22 AM: Great Wall Motor (GWLLF, $1.41) was a top weekly gainer, with a +11.02% jump
- 5/12/22 5:38 AM: Kandi Technologies Group (KNDI, $2.24) is a top weekly loser for penny stocks, falling -16.1%
The average weekly volume growth across all stocks in the group was 153.07%. For the same stocks of the group, the average monthly volume growth was 185.1% and the average quarterly volume growth was 379.15%
- 5/14/22 4:16 AM: The volume for Lordstown Motors stock increased for one day, resulting in a record-breaking daily growth of 292% of the 65-Day Volume Moving Average
- 5/12/22 5:32 AM: The volume for Canoo stock increased for one day, resulting in a record-breaking daily growth of 207% of the 65-Day Volume Moving Average
- 5/5/22 4:51 AM: The volume for Ferrari stock increased for one day, resulting in a record-breaking daily growth of 201% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows