Ford $F Uptrend Channel Breakdown On Big F-150 Price Hike

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Ford $F stock has formed an uptrend channel breakdown pattern on December 16, 2022. The MACD and money flow are both giving bearish signals. Ford stock has a technical strong downtrend rating.

Ford stock chart on December 18 2022 with uptrend channel breakdown pattern and a negative MACD and money flow
Ford stock chart on December 18 2022 with uptrend channel breakdown pattern and a negative MACD and money flow

Ford may have increased the price of its F-150 Lightning EV due to inflation, which is why the stock’s decline may have occurred. Ford increased the cost of the F-150 Lightning Pro from about $40,000 to a startling $56,000 as of the most recent price increase due to rising component costs and ongoing supply chain issues. This most recent increase marks the second such price increase in the final calendar quarter. With rising interest rates and a slowing economy, less consumers will be able to afford the F-150 than previously anticipated.

Ford adds shift to boost electric F-150 production

Ford Motor Company’s Michigan plant, which creates the electric F-150 Lightning, has added a third production shift, according to a December 13, 2022 CNBC report. Ford is expanding the facility to reach a peak capacity of 150,000 units by next fall, which is why the third shift has been added. Source: https://www.cnbc.com/2022/12/13/ford-moves-to-boost-production-of-electric-f-150-lightning-pickup-truck.html

Ford beats on top and bottom lines, plans to wind down Argo AI business

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