After four days of going down, Ford is up 1.47% today

After closing the previous trading day at $11.25, Ford Motors is up to $11.41, which makes for a move of 1.47%/16.5 cents today.

United States Crude Oil Inventories data will be released today at 14:30 UTC, with an expected decline to -920,000.

Ford Motors's uptick comes amid good United States macroeconomic data released during the day — new Core Retail Sales data from United States matched market expectations with a reading of 0.4% — a positive step in contrast to previous data of -0.5% from last month.

Nevertheless, United States Retail Sales released earlier showed a marked improvement to 0.4% from the preceding data of -0.7%, but fell short of the 0.8% figure forecast by a consensus of market analysts.

Meanwhile, United States Building Permits (Apr) came out at 1.42 million, while a consensus of analysts was expecting 1.44 million.

With regards to technical trend indicators, chart analysis show 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. Analysis based on the asset volatility indicates that Ford Motors's lower Bollinger Band® is at $11.34, indicating that the market is oversold and fertile for new buyers. As the day gets underway, chart analysis suggests Ford could be slowing down soon; it is getting close to the resistance line and is now at $11.47, only 6 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.

With market volatility ebbing, the current technical outlook indicates Ford will remain range-bound for the immediate future.

A look at other consumer discretionary stocks also shows bullish price action as Home Depot is up 2.42%. Tesla gained 3.1%, currently at $171.68. Lowe's added 2.02% to its value, now trading at $203.25.

Moreover, macro data could boost sentiment further as United States Initial Jobless Claims is projected to outperform its last figure with 254,000. It previously stood at 264,000; data will be released tomorrow at 12:30 UTC.

Also worthy of note, United States Crude Oil Inventories projected to decline to -920,000 while previous data was 2.95 million; data will be released today at 14:30 UTC.

Furthermore, the market is looking at United States Philadelphia Fed Manufacturing Index (May) will be released tomorrow at 12:30 UTC.

Pointing downwards for around a month. The US automaker reached a significant high of $16.43 around 8 months ago but has lost 31.53% since then.