Definitely could be low. Best money you can spend for this car, provided you haven't burned it too much, is to have the transmission flushed. Not the old, drop the pan put in a new filter routine, but spend about $80 for a flush. Helps this particular car the most. Good luck.
the transmission could be going out or slipping or your transmission fluid could be low
If it is a tranny issue than it would be the result of too much transmission fluid or worn clutchpacks. Also the torque converter stator could be going out and is slipping.
It could. When overfull the fluid can aerate, which will cause slipping and a loss of lubrication.
Could be transmission bands are worn and require adjustment or replacement Try changing transmission fluid and filter
The transmission fluid for the 2000-2004 Taurus is MERCON V.
How much transmission fluid does a 2001 ford Taurus need
It could mean that you need Transmission Fluid.
Yes, it could. If the fluid contacts the spinning parts of the transmission, it could aerate. Air in the fluid will cause slipping and eventual failure.
It is important to maintain the quantity of the transmission fluid of a 1997 Ford Taurus. The transmission fluid capacity of this vehicle is 13.3 quarts.
A slipping transmission on a 2002 Mitsubishi can be caused by low fluid levels. Check the fluid should be the first step in troubleshooting the issue.
How many quarts of transmission fluid does a 2004 Taurus 3.0 OHV require when draining transmission and replacing filter
If your transmission is slipping when it is hot that could be a sign that you do not have adequate pressure in the transmission line. It could be because of wear, it's in need of service, or that it's low on fluid.