Stock Price Trends

Forward Air Corporation (FWRD)

Forward Air Corporation (FWRD) is a leading provider of logistics and transportation services specializing in light freight across the United States and Canada. Headquartered in Greeneville, Tennessee, the company offers a comprehensive suite of services, including expedited ground transportation, freight consolidation, and airport-to-airport intermodal services. With a strong emphasis on operational efficiency and customer satisfaction, Forward Air has established itself as a key player in the logistics sector, positioning itself for continued growth in the evolving transportation landscape.

Stock Price Trends

Stock price trends estimated using linear regression.

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Key facts

  • The primary trend is increasing.
  • The growth rate of the primary trend is 319.90% per annum.
  • FWRD price at the close of February 27, 2026 was $25.29 and was lower than the bottom border of the primary price channel by $3.78 (12.99%). This indicates a possible reversal in the primary trend direction.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 58.60% per annum.
  • FWRD price at the close of February 27, 2026 was lower than the bottom border of the secondary price channel by $0.37 (1.46%). This indicates a possible reversal in the secondary trend direction.

Linear Regression Model

Model equation:
Yi = α + β × Xi + εi

Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)

Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)

where:

i - observation number
Yi - natural logarithm of FWRD price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e


Primary Trend

Start date:
End date:

a =

b =

s =

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × ) – 1
=

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × ) – 1
=

October 14, 2025 calculations

Top border of price channel:

Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= $

Bottom border of price channel:

Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= $

February 11, 2026 calculations

Top border of price channel:

Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= $

Bottom border of price channel:

Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= $

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 319.90% per annum.
  • FWRD price at the close of February 27, 2026 was $25.29 and was lower than the bottom border of the primary price channel by $3.78 (12.99%). This indicates a possible reversal in the primary trend direction.

Secondary Trend

Start date:
End date:

a =

b =

s =

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × ) – 1
=

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × ) – 1
=

December 1, 2025 calculations

Top border of price channel:

Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= $

Bottom border of price channel:

Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= $

February 27, 2026 calculations

Top border of price channel:

Exp(Y)
= Exp(a + b × X + 2 × s)
= Exp(a + b × + 2 × s)
= Exp( + × + 2 × )
= Exp()
= $

Bottom border of price channel:

Exp(Y)
= Exp(a + b × X – 2 × s)
= Exp(a + b × – 2 × s)
= Exp( + × – 2 × )
= Exp()
= $

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 58.60% per annum.
  • FWRD price at the close of February 27, 2026 was lower than the bottom border of the secondary price channel by $0.37 (1.46%). This indicates a possible reversal in the secondary trend direction.