Ford (F) shares will stay in focus after slumping on Monday as buyers digested President Donald Trump’s plan to double tariffs on steel imports to 50%.

The tariff hike, which the president introduced late Friday, despatched shares in Ford and Normal Motors (GM) tumbling on Monday over concerns the levies would greatly increase automakers’ manufacturing costs. Consultants have cautioned that steep import duties may increase costs of automobiles by hundreds of {dollars}.

Ford shares fell almost 4% to simply underneath $10 on Monday. The inventory is again to the place it began 2025 and has dropped 18% over the previous 12 months, pressured by elevated enter prices and EV growth bills which might be squeezing the automaker’s profitability. Final month, the corporate suspended its full year outlook amid worries about an unsure auto tariff setting.

Beneath, we take a more in-depth take a look at Ford’s chart and use technical analysis to establish necessary value ranges value watching out for.

Rising Wedge Breakdown

Since setting a multi-year low in early April, Ford shares have staged a countertrend rally inside a rising wedge that noticed the value briefly reclaim the 200-day moving average. Nevertheless, extra lately, the inventory broke down from the sample to renew its longer-term downtrend, closing beneath the 50-day MA on above-average volume in Monday’s buying and selling session. 

In the meantime, renewed promoting has coincided with the relative strength index falling beneath impartial territory, signaling weakening price momentum.

Let’s establish two necessary support levels on Ford’s chart and in addition level out overhead areas value monitoring throughout future upswings within the inventory.

Vital Help Ranges to Watch

A continuation of the inventory’s downward momentum may initially see a fall to round $9.50. This space might present help close to a horizontal line that connects a variety of comparable buying and selling exercise on the chart extending again to final August’s outstanding trough.

Ford bulls’ failure to defend this necessary technical degree may see the shares drop to decrease help close to $8.40. Traders might search longer-term buy-and-hold alternatives on this area across the notable April swing low.

Key Overhead Areas Value Monitoring

Throughout future upswings within the inventory, buyers ought to hold their eyes peeled on the $10.80 space. The shares may face overhead promoting stress on this location close to the highest of the rising wedge sample.

Lastly, a extra bullish transfer may drive a rally towards $11.40. Traders who’ve purchased Ford shares at decrease costs might resolve to lock in profits at this degree close to a number of peaks that developed on the chart between August and November final 12 months.

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As of the date this text was written, the writer doesn’t personal any of the above securities.