Near term Ford has been forming a bullish, high base consolidation with a decrease in volume. Despite a rough choppy market and a failed breakout, the stock has managed to stay up in this high base.
A break above 21.50 on significant volume could be a good entry point.
Outperforming in the EV Space
Ford stock is outperforming all major EV makers by a wide margin over the past 12 months. With EPS Q/Q at -23.8% (compared to Tesla which has EPS growth Q/Q at 430%) it come down to a technical analysis over a fundamental one to hold the stock.Comparing P/E
Ford: 28.54
Tesla: 327.34
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