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Stock Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Forward Air Corporation (NASDAQ:FWRD)

Long-Term Downtrend (-90) - FWRD is in a strong downtrend that is likely to continue. While FWRD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid FWRD?

MarketClub looks at technical strength and momentum to determine if the timing is right for FWRD.

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Open High Low FWRD Price Change
104.830 106.520 103.915 104.360 +0.380
Entry Signal

MarketClub’s Trade Triangles for FWRD

long term down The long-term trend has been DOWN since Feb 9th, 2023 at 98.840

intermediate term down The intermediate-term trend has been DOWN since Mar 17th, 2023 at 102.620

short term down The short-term trend has been DOWN since Mar 10th, 2023 at 105.635

Smart Scan Analysis for FWRD

Based on our trend formula, FWRD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for FWRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
104.830 106.520 103.915 104.360 +0.380
Prev. Close Volume Bid Ask Time
103.980 98002 2023-03-21 15:59:38
Year High72.81Year High Date2018-10-01
Year Low51Year Low Date2018-03-28
52wk High117.5752wk High Date2022-11-14
52wk Low84.0452wk Low Date2022-06-22
Year End Close35.01Average Volume181,404
Shares Outstanding26,590Short Interest636,802
Market Cap1,834MAssets120,807,600M
Liabilities500,832,000MP/E Ratio14.563
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