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FWRDForward Air Corporation
$29.37
Financials
NEUTRAL
Analysis updated: Jan 16, 2026

Investment Thesis

FWRD is neither a clear buy nor avoid. RS 75/99, strong earnings. keep it on your radar.

Mixed signals = No edge currently

Key Takeaways

Earnings Momentum

+41%
Q4'24
$-1.24
+40%
Q1'25
$-1.68
+98%
Q2'25
$-0.41
+80%
Q3'25
$-0.52
Earnings Growing

Price Structure

Partial Alignment
Price
$29.37
50 DMA
$24.07
100 DMA
$24.57
150 DMA
$25.48
200 DMA
$23.26
Alignment Score: 2/4

FWRD Price Chart

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50 DMA150 DMA200 DMA

Why Not BUY Yet?

RS Rating
75 (Top 25%)>80 (Top 20%)
Pattern Stage
AT_PIVOTAt pivot or near breakout
RSI (14)
79 (ELEVATED)<70 for safe entry
Breakout Status
-3.5% from entry ($30.45)Breakout confirmation (hold above entry)

What Would Change Our Mind?

To turn bullish on FWRD, we need:

Twin Engines Dashboard

Technical Health

RS Rating
75/99
Top 25% (Need 80+)
Trend
Weak Uptrend
Above 200 DMA
RSI (14)
79
ELEVATED
VCP Setup
COOL
Score: 5/9
Volume
732K
+36% vs avg
From Entry
-3.5%
$30.45

Fundamental Horsepower

EPS Qtr YoY
+80%
Growing
EPS 3Y CAGR
N/A
Annual Earnings
Revenue Qtr
-4%
DECLINING
F-Score
2/9
Piotroski Quality
ROE
-2%
Return on Equity
EPS Rank
83/99
Percentile

Trade Plan

Struggling

Broke out 5 months ago at $30.45 — -4% below entry.

Breakout underperforming. Wait for price to reclaim entry or form a new base.

Breakout Date2025-07-23177 days ago
Entry Was$30.45Breakout price
Loss Since-4%From entry
Wait For$30.45Reclaim entry or new base

If/Then Playbook

IF: RS Rating improves to >80
THEN: Re-evaluate for potential
IF: EPS growth accelerates next quarter
THEN: Check for developing setup
IF: VCP pattern begins forming
THEN: Add to watchlist if RS also improving
IF: Price breaks below 200 DMA
THEN: Remove from radar

Key Price Levels

Resistance

  • Pivot$30.62+4.3%
  • 52W High$35.47+20.8%
Current$29.37

Support

  • 20 DMA$26.07-11.3%
  • 50 DMA$24.07-18.0%
  • 200 DMA$23.26-20.8%

Frequently Asked Questions

Is FWRD stock a buy now?

FWRD is neither a clear buy nor avoid. RS 75/99, strong earnings. keep it on your radar.

What is the buy point for FWRD?

FWRD broke out at $30.45 5 month(s) ago but is now -4% below entry. Wait for new base pattern.

What is FWRD's RS Rating?

FWRD has an RS Rating of 75/99, meaning it's in the Top 25% of all stocks for relative price performance over the past 12 months. Minervini recommends RS 80+ for momentum trades.

Important Disclosure: This analysis is for educational and informational purposes only. Technical and fundamental indicators are based on historical data and do not guarantee future performance. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.