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Forward Industries' stock falls with MACD Death Cross and KDJ Death Cross.
ByAinvest
Monday, Sep 29, 2025 11:02 am ET1min read
Based on the 15-minute chart for Forward Industries, the MACD indicator has recently triggered a "Death Cross," while the KDJ indicator has also triggered a "Death Cross" at 09:00 on September 29, 2025. This suggests that the stock price may continue to decline, as the momentum of the stock price has shifted towards the downside, potentially leading to further decreases.
The 15-minute chart for Forward Industries (FORD) has recently triggered both the MACD and KDJ indicators to signal a "Death Cross," occurring at 09:00 on September 29, 2025. These technical indicators suggest that the stock price may continue to decline, as the momentum has shifted towards the downside, potentially leading to further decreases [1].Forward Industries, a 60-year-old company known for manufacturing medical and tech carrying cases, pivoted its business model in September 2025 to focus on cryptocurrency holdings, specifically Solana (SOL). The company's stock has seen significant volatility, with shares surging over 500% year-to-date, reaching a multi-year high of ~$46 before settling around the $30 range by September 23, 2025 [2].
The company's new strategy involves managing a substantial Solana stash, with 6,822,000 SOL tokens acquired at an average price of ~$232 each, representing a $1.58 billion position. Forward has staked 100% of these tokens on-chain to earn yield, signaling a long-term commitment to Solana's network growth [2].
Despite the stock's impressive performance, analysts remain skeptical. The company's traditional financial metrics, such as revenue and earnings, are weak, with the latest quarter reporting only $2.49 million in revenue and a loss of ($2.17) per share. The stock's valuation ratios are not meaningful due to its focus on crypto assets rather than traditional revenue streams [2].
Forward Industries' new crypto strategy has attracted speculative investors, but the company's future remains uncertain. The stock's performance is now tightly linked to the volatile crypto market, and the execution of a $4 billion share sale is not guaranteed. Investors should closely monitor Forward's performance and upcoming earnings report to make informed decisions [2].
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