Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Fisker stock price decreased by 1.81% over the past seven days.</a> </li> 
 <li> <span>2</span> <a>Fisker stock price is currently trading at $5.63 with a rise of 1.81% in the last 24 hours.</a> </li> 
 <li> <span>3</span> <a>FSR has a current market cap of $1.932 Billion.</a> </li> 
</ul> 
<p>FSR stock price shows bearishness, losing the gains below the key moving averages. Recently, FSR stock gave a breakout above the trendline of $5.2, but the flight did not last long as the bears took down the price. Afterward, buyers did not hold the momentum and started unwinding their positions resulting in slippages in stock price.</p> 
<p>Nevertheless, Fisker Inc. stock has stayed in a downtrend over the past months and persisted in forming lower highs and lower lows sequences, facing rejection from the upper trendline, which acted as a barrier to exiting the trend.</p> 
<p>Furthermore, the price action shows that FSR stock has persisted in facing selling pressure, and buyers have stayed on the back foot. In contrast, sellers have a strong edge and continue to make short positions.</p> 
<p>FSR stock is trading at $5.2 with an intraday minor loss of 5.63% breaking below the 50 and 200-day EMA, showing bearishness on the charts. Moreover, the intraday trading volume also showed a decline as compared to the average 10 days volume of 4.376 Million. The market cap of FSR stock is 1.932 Billion.</p> 
<p>The company has a very bad performance over the year. Year-to-date it gave negative returns of -23.61% and -13.65% in the span of 6 months. In the last 1 month, it gave a negative return of -12.58%. It is indicating a long bearish trend continuing till now. However, in the last seven days, it turned positive and gave a return of 1.81%.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-fsr-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of FSR Stock Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/inYvBHj-Bhei61fPLplsoxDV2nc-3Ij0xKtUQ-br55r0NnJaiRA5kB8yB1C6zwhx35DoyUQCgdh4wv84p9196ffWu53BM5F_rd8gz3BR2p6nqIlqrUxpP_QPL96-JXsS2FbFSj520ctqUMDKeaA3A6c" alt="FSR Stock: The Final Word on Whether or Not to Buy Fisker&nbsp;"> 
  <figcaption class="wp-element-caption">
    Source: FSR .1D.NYSE by <a href="https://www.tradingview.com/x/AWJgr78m/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>If Fisker can maintain this level, <a href="https://www.thecoinrepublic.com/2023/01/26/fisker-inc-fsr-stock-price-prediction-is-it-about-time-to-sell-fsr-shares/" rel="noopener noreferrer nofollow">the Fisker stock price</a> could continue to rise and reach the first and second targets of $5.92 and $5.72, respectively. However, if it falls below $5.50, it could hit the support levels of $5.33 and $5.14.</p> 
<p>Fisker stock is currently trading below the 50-day and 200-day SMAs, which are providing an edge to the sellers. However, if selling pressure increases, the price could break below these SMAs and move lower.</p> 
<p>The RSI indicator is currently at 46.80, which is in the neutral zone. However, the 14-day SMA is beneath the MACD line but both are below the median line.</p> 
<p>The MACD indicator is also bearish with the MACD line crossing below the signal line. This indicates that the FSR stock is likely to fall in the near future.</p> 
<p>Overall, the technical indicators suggest that Fisker stock is bearish in the short term. However, if it can maintain the $5.50 level, it could continue to rise in the long term.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/01/26/fisker-inc-fsr-stock-price-prediction-is-it-about-time-to-sell-fsr-shares/" rel="noopener noreferrer nofollow">Fisker (NYSE: FSR)</a> technical indicators also support the bearish trend. The price action reflects a bearish outlook at the moment.&nbsp; Fisker price action suggests that the investors and traders are bearish on the 1-D time frame. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the FSR stock price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $5.33 and $5.14</li> 
 <li><strong>Resistance Levels:</strong> $5.92 and $5.72&nbsp;</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

FSR Stock: The Final Word on Whether or Not to Buy Fisker

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Thecoinrepublic.com

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