Forward Industries' stock falls with MACD Death Cross and KDJ Death Cross.

According to the 15-minute chart of Forward Industries, a technical indicator known as the MACD Death Cross and KDJ Death Cross was triggered on September 30, 2025 at 09:45. This suggests that the stock price has the potential to continue falling and indicates a shift in momentum towards the downside, with a potential for further decreases in stock price.

Forward Industries (FORD) has been a subject of intense scrutiny and speculation following its dramatic pivot into the cryptocurrency space in September 2025. The company, previously known for its medical and tech carrying cases, has made a significant transition, focusing its efforts on Solana (SOL) cryptocurrency holdings. According to the 15-minute chart of Forward Industries, a technical indicator known as the MACD Death Cross and KDJ Death Cross was triggered on September 30, 2025 at 09:45. This suggests that the stock price has the potential to continue falling and indicates a shift in momentum towards the downside, with a potential for further decreases in stock price Forward Industries (FORD) Shocks Wall Street with 2025 Crypto Pivot – 500% Stock Surge & $4B Solana Bet Revealed^[1].

The MACD (Moving Average Convergence Divergence) Death Cross occurs when the MACD line crosses below the signal line, typically signaling a bearish trend. The KDJ (K Moving Average, D Moving Average, J Stochastic Oscillator) Death Cross, when the K line crosses below the D line, further confirms a potential downtrend. These technical indicators are often used by traders to identify changes in the stock's momentum and potential trend reversals .

Forward Industries' stock has seen a remarkable surge in 2025, with shares rising by approximately 500% year-to-date and an astonishing 703% in the past six months . The stock hit a multi-year high of ~$46 in mid-September after the crypto pivot news, before settling around the $30 range by September 23, 2025 . However, the recent technical indicators suggest that the stock may be entering a phase of correction or further decline.

Analysts remain skeptical about the company's new strategy and its impact on the stock's valuation. At least one research note downgraded FORD to a "strong sell," citing poor earnings and concern that the stock's surge is unmoored from fundamentals . Despite the skepticism, the stock's momentum and "Solana proxy" appeal have attracted speculative investors .

Forward Industries' transformation into a publicly traded crypto holding company is a high-stakes bet. Bulls argue that this offers equity investors a unique leveraged play on Solana's success, while bears warn that the stock now lives and dies by the volatile crypto market . The company's next chapter will largely depend on Solana's market trajectory and whether this audacious bet can pay off over the long term .