Watch These Ford Price Levels as Trump’s Steel Tariffs Drive Stock Lower

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

The tariff hike, which the president announced late Friday, sent shares in Ford and General Motors (GM) tumbling on Monday over concerns the levies would greatly increase automakers’ manufacturing costs. Experts have cautioned that steep import duties could raise prices of cars by thousands of dollars.

Ford shares fell nearly 4% to just under $10 on Monday. The stock is back to where it started 2025 and has dropped 18% over the past 12 months, pressured by elevated input costs and EV development expenses that are squeezing the automaker’s profitability. Last month, the company suspended its full year outlook amid worries about an uncertain auto tariff environment.

Below, we take a closer look at Ford’s chart and use technical analysis to identify important price levels worth watching out for.

Rising Wedge Breakdown

Since setting a multi-year low in early April, Ford shares have staged a countertrend rally within a rising wedge that saw the price briefly reclaim the 200-day moving average. However, more recently, the stock broke down from the pattern to resume its longer-term downtrend, closing below the 50-day MA on above-average volume in Monday’s trading session. 

Meanwhile, renewed selling has coincided with the relative strength index falling below neutral territory, signaling weakening price momentum.

Let’s identify two important support levels on Ford’s chart and also point out overhead areas worth monitoring during future upswings in the stock.

Important Support Levels to Watch

A continuation of the stock’s downward momentum could initially see a fall to around $9.50. This area may provide support near a horizontal line that connects a range of comparable trading activity on the chart extending back to last August’s prominent trough.

Ford bulls’ failure to defend this important technical level could see the shares drop to lower support near $8.40. Investors may seek longer-term buy-and-hold opportunities in this region around the notable April swing low.

Key Overhead Areas Worth Monitoring

During future upswings in the stock, investors should keep their eyes peeled on the $10.80 area. The shares could face overhead selling pressure in this location near the top of the rising wedge pattern.

Finally, a more bullish move could drive a rally toward $11.40. Investors who have bought Ford shares at lower prices may decide to lock in profits at this level near multiple peaks that developed on the chart between August and November last year.

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As of the date this article was written, the author does not own any of the above securities.