Ford (F) stock: A temporary rebound before further declines?
Ford’s stock finally rebounded after months of decline. Earlier, we predicted a failed rally that would push prices lower. Instead, the stock kept falling. Now, it’s bouncing back—but will it last?
According to Elliott Wave analysis, this rally seems weak. Ford’s stock will likely drop again, sinking below $8 soon.
Several issues weigh on Ford. First, high inflation makes cars more expensive. Second, rising interest rates hurt auto loans. Third, supply chain problems continue to slow production. These factors limit Ford’s ability to grow.
Industry trends also create uncertainty. The electric vehicle market expands fast. Ford invests heavily in EVs, but competition gets tougher. Companies like Tesla and Rivian push innovation forward. This makes Ford’s future unclear.
At first, the rebound seemed promising. However, technical signals show weakness. Momentum slows, and resistance levels block further gains. If this rally fails, selling pressure could return fast.
Investors must stay alert. Ford remains strong, but risks grow daily. Strategic decisions and economic shifts will shape its future. For now, caution is key.
Author
Elliott Wave Forecast Team
ElliottWave-Forecast.com
