Fords stock price (F) rose mildly in the intraday levels while trying to recoup some recent losses, while hurt by piercing the upward correctional short-term trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.

Therefore we expect the stock to return lower, targeting the support of $11.20, provided it settles below the resistance of $13.00.

Trend forecast: Likely Bearish