Forward Industries, Inc.

Stage 2 · Advancing · week 5

As of Oct 22, 2026, Forward Industries is in Stage 2, the uptrend phase, now in week 5 (since Sep 23, 2026). It closed at $6.99, 61.7% below its 52-week high and above its 200-day average, which is rising.

Forward Industries, Inc. operates as a Solana (SOL) focused digital asset treasury company. More about the company

$6.99

-7.42% today

$533M · Small cap

Market Neutral — Building

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

—

Momentum

Steady

Edge

—

Setup-score rank among Stage 2 peers: #1 of 45 in Asset Management · #1 of 215 in Financials

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Stage Cycle Timeline2023-08-16 → 2026-10-22

S4 65w

S2 28w

S4 35w

2023-08-162026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S4 65w → S1 9w → S2 9w → S3 7w → S2 28w → S3 5w → S4 35w → S1 4w → S2 4w current

Total tracked: 166 weeks across 9 stage runs.

FWDI among Asset Management124th of 140 by relative strength

All 140 →

Stocks in Asset Management ranked by relative strength, with stage and one-month change
#	Stock	Stage	RS	1M
1	CYPHCypherpunk Technologies Inc.	Stage 2 · wk 7	99	−17.5%
2	AMTDAMTD IDEA Group Class A	Stage 2 · wk 1	99	+4011.1%
3	MGLDThe Marygold Companies, Inc.	Stage 2 · wk 4	94	+105.2%
4	AAMIAcadian Asset Management Inc.	Stage 2 · wk 41	94	+1.4%
5	ASSTStrive, Inc. Class A	Stage 2 · wk 7	92	+0.1%
6	AMGAffiliated Managers Group, Inc.	Stage 2 · wk 21	91	+8.0%
7	WTWisdomTree, Inc.	Stage 2 · wk 39	91	−10.6%
8	VCTRVictory Capital Holdings, Inc.	Stage 2 · wk 39	91	+1.0%
…124	FWDIForward Industries, Inc.	Stage 2 · wk 5	18	−13.3%

vs 52W High

-61.7%

$3.54 lo$18.27 hi

61.7% below 52W high

How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.

Stage Maturity

Week 5

1w13w26w

Week 5, early Stage 2

How long this stock has been in Stage 2. The sweet spot is mid-run: long enough to prove the structure holds, not so long that it's extended. Very fresh moves (weeks 1–4) often need more time to confirm.

vs 200 DMA

31.1%

200 DMA: $5.33 · rising

Long-term trend anchor. When the stock and the S&P 500 are both above their 200-day averages, the backdrop supports continuation.

Rel Volume

0.71x

vs 50-day avg

Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.

Trend Health

↓

Short-term trend rolling over

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

-13.3%

+79.7%

+50.0%

YTD

-4.4%

-62.5%

Scan Membership

Breakout Watch

Latest: 2025-05-06

6 appearances in last 60 days. First seen: 2019-03-20.

A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.

Recent Stage Timeline

2026-10-22S2

Wk 5 · Vol 0.71x

2026-10-21S2

Wk 5 · Vol 0.81x

2026-10-20S2

Wk 4 · Vol 0.56x

2026-10-19S2

Wk 4 · Vol 0.59x

2026-10-16S2

Wk 4 · Vol 0.72x

2026-10-15S2

Wk 4 · Vol 0.89x

2026-10-14S2

Wk 4 · Vol 1.07x

2026-10-13S2

Wk 3 · Vol 0.46x

2026-10-12S2

Wk 3 · Vol 1.00x

2026-10-09S2

Wk 3 · Vol 0.57x

2026-10-08S2

Wk 3 · Vol 1.27x

2026-10-07S2

Wk 3 · Vol 1.74x

Moving averages & range

50 DMA

$6.74

200 DMA

$5.33

52W High

$18.27

52W Low

$3.54

5D Low

$6.81

Resistance levels (recent highs)

20d High

$8.42

60d High

$8.60

120d High

$8.60

250d High

$16.97

Next resistance

+20.5%

to 20d High

ROE

-461.4%

Profit margin 0.0%

Dividend Yield

0.00%

P/B 1.1

Forward Industries: quick answers

What stage is Forward Industries in?

As of Oct 22, 2026, Forward Industries (FWDI) is in Stage 2, the uptrend phase. It entered Stage 2 on Sep 23, 2026 and is in week 5. What the four stages mean

Is Forward Industries in an uptrend?

Yes. Forward Industries is in a Stage 2 uptrend. It trades 31.1% above its 200-day average, which is rising.

How far is Forward Industries from its 52-week high?

Forward Industries closed at $6.99 on Oct 22, 2026, 61.7% below its 52-week high of $18.27. Its 52-week low is $3.54.

How has Forward Industries performed over the past year?

As of Oct 22, 2026, Forward Industries is down 62.5% over the past year and down 4.4% so far in 2026.

Which sector and industry is Forward Industries in?

Forward Industries is in the Asset Management industry, part of the Financials sector.

About this companyFinancials· Asset Management

Forward Industries, Inc. operates as a Solana (SOL) focused digital asset treasury company. The company operates through Digital Assets and Design segments. The Digital Assets segment captures SOL-based yield generated by participating in the Solana network's staking protocol. The Design segment offers hardware and software product design and engineering services to customers located in the United States. The company was incorporated in 1961 and is based in Austin, Texas.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.