After five days of going down, Ford Motors is stable today, trading around $12.22

Ford Motors trades at $12.22, after ending yesterday at $12.2.

United States FOMC Meeting Minutes is next today at 19:00 UTC.

Uncertainty around Ford Motors is reflected by published market data as United States Existing Home Sales (Jan) came out at 4 million, while a consensus of analysts was expecting 4 million. United States 2-Year Note Auction released yesterday at 18:00 UTC with a figure of 4.673, while the previous figure was 4.139. United States Existing Home Sales released earlier showed a marked improvement to -0.7% from the preceding data of -2.2%, but fell short of the 2% figure forecast by a consensus of market analysts.

Trend-following investors would be interested to note that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Asset volatility analysis shows that Ford Motors's upper Bollinger Band® is at $14.05 and the lower is $12.15.

Overall, technical indicators suggest Ford Motors has no obvious direction for the immediate future.

Meanwhile, mixed performances are seen in other consumer discretionary stocks as Amazon is trading at $96.3 after ending yesterday's session at $94.58 (up 1.82%). After closing the previous session (yesterday) at $95.1, Alibaba lost $1.43 and is trading around $93.67. Home Depot is up 0.9%.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as as things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of 1.17 million, following on from the preceding figure of 16.28 million. New data is set to be published tomorrow at 16:00 UTC. United States Initial Jobless Claims expected to decline to 200,000 while its preceding data was 194,000, data will be available tomorrow at 13:30 UTC. United States GDP is expected tomorrow at 13:30 UTC.

Ford hit a significant low of $10.95 around a month ago, but has since recovered 11.42%.