Technical Analysis for FWRD - Forward Air Corporation

Grade Last Price % Change Price Change
F 14.28 -7.27% -1.12
FWRD closed down 7.27 percent on Friday, May 17, 2024, on 1.27 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
180 Bearish Setup Bearish Swing Setup 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Walk Weakness -7.27%
Stochastic Reached Oversold Weakness -7.27%
Outside Day Range Expansion -7.27%
Wide Bands Range Expansion -7.27%
Oversold Stochastic Weakness -7.27%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 21 hours ago
Possible Inside Day about 21 hours ago
Down 5% about 22 hours ago
60 Minute Opening Range Breakdown 1 day ago
Down 3% 1 day ago

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Profile

Forward Air Corporation Description

Forward Air Corporation, together with its subsidiaries, provides surface transportation and related logistics services to the North American expedited air freight market. The company operates in two segments, Forward Air, Inc. (Forward Air) and Forward Air Solutions, Inc. (FASI). The Forward Air segment provides time-definite surface transportation and related logistics services. This segment offers local pick-up and delivery and scheduled surface transportation of cargo as an alternative to air transportation. It also provides a range of logistics and other services, including expedited full truckload; dedicated fleets; local pick-up and delivery; warehousing, dock, and office space; drayage and intermodal; hotshot or ad-hoc ultra expedited services; customs brokerage; and shipment consolidation, deconsolidation, and handling services. This segment markets its airport-to-airport services primarily to freight forwarders, integrated air cargo carriers, and passenger and cargo airlines. The Forward Air segment offers its transportation services primarily through a network of terminals located at or near airports in the United States and Canada. The FASI segment provides pool distribution services in the Mid-Atlantic, Southeast, Midwest, and Southwest continental United States. Its pool distribution services include managing high-frequency handling and distribution of time-sensitive product to various destinations in specific geographic regions. This segment serves distributors and specialty retailers, such as mall, strip mall, and outlet-based retail chains through a network of terminals and service centers located in 19 cities. It also targets customers in hospitality, healthcare, lawn and garden, and publishing industries. The company was founded in 1981 and is headquartered in Greeneville, Tennessee.


Classification

Sector: Industrials
Industry: Integrated Shipping & Logistics
Keywords: Transport Freight Transport Logistics Logistics Services Transportation Service Airport Cargo Distribution Services Retail Chain Freight Forwarder Air Transportation Customs Brokerage Third Party Logistics Drayage Airport Services Related Logistics Services Cargo Airline Cargo Airlines

Is FWRD a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 120.5057
52 Week Low 12.85
Average Volume 1,117,335
200-Day Moving Average 53.12
50-Day Moving Average 24.58
20-Day Moving Average 19.76
10-Day Moving Average 17.05
Average True Range 1.74
RSI (14) 25.37
ADX 47.24
+DI 9.72
-DI 37.34
Chandelier Exit (Long, 3 ATRs) 18.97
Chandelier Exit (Short, 3 ATRs) 18.07
Upper Bollinger Bands 26.54
Lower Bollinger Band 12.97
Percent B (%b) 0.1
BandWidth 68.71
MACD Line -3.14
MACD Signal Line -2.79
MACD Histogram -0.3514
Fundamentals Value
Market Cap 439.78 Million
Num Shares 30.8 Million
EPS 4.11
Price-to-Earnings (P/E) Ratio 3.47
Price-to-Sales 0.76
Price-to-Book 1.92
PEG Ratio 2.01
Dividend 0.96
Dividend Yield 6.72%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.14
Resistance 3 (R3) 16.34 15.92 15.83
Resistance 2 (R2) 15.92 15.45 15.82 15.73
Resistance 1 (R1) 15.10 15.15 14.89 14.90 15.62
Pivot Point 14.68 14.68 14.58 14.58 14.68
Support 1 (S1) 13.86 14.21 13.65 13.66 12.94
Support 2 (S2) 13.44 13.91 13.34 12.83
Support 3 (S3) 12.62 13.44 12.73
Support 4 (S4) 12.42