Ford (F) stock advanced in its latest intraday trading, preparing to test the key resistance level of 11.96. The stock had earlier managed to unwind its clear overbought levels in the Stochastic indicators, giving it more room to target new levels in the near term. Positive pressure continues from trading above its previous 50-day SMA, while the short-term main bullish trend remains in control, with trading moving along an upward slope line.

Therefore, we expect the stock to rise in its upcoming trading, as long as it remains stable above 11.39, to then target the mentioned resistance of 11.96 in preparation to test it.

Todays price forecast: Bullish.