Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>FSR stock price fell 14% approx. in the after-hours session.</a> </li> 
 <li> <span>2</span> <a>Fisker stock price is expected to show a gap down open near $3.50.</a> </li> 
 <li> <span>3</span> <a>Quarterly earnings of&nbsp; Fisker Inc. failed to beat the EPS as well as revenue estimates.</a> </li> 
</ul> 
<p>FSR stock price fell 14% in the after-hours session; indicating a gap down open is possible in the regular session.&nbsp;</p> 
<p>Fisker stock price is forming a bearish pattern and trading near to the 52-week low. The short-term pullback rallies are getting sold off indicating that bears are active on the higher levels.&nbsp;</p> 
<p>FSR stock price is in a correction phase and continues to decline by forming lower lows. The price is trading below the 50-day and 200-day EMA showcase downtrend.&nbsp;</p> 
<p>However, the share price had gone far away from the EMA so it increased the risk of the short squeeze.&nbsp;</p> 
<p>The recent correction in the Fisker stock is supported by high selling volume. It indicates some long-term investors are slowly cashing out their investments and taking exits.&nbsp;</p> 
<p>At the end of October, FSR share price dropped below the crucial support of $5.00. It triggered the negative sentiment and invited further decline.&nbsp;</p> 
<p>Later, the stock price hit a 52-week low at $3.68 and showed some short-term bounce before earnings. Sadly, the earnings were disappointing. Due to that, the stock price collapsed in the after-hours session.</p> 
<h2 class="wp-block-heading" id="strong-fsr-stock-price-may-trigger-short-squeeze-strong"><strong>FSR Stock Price May Trigger Short Squeeze</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1600" height="678" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-230.png" alt="FSR Stock Price Tumbles 14%; Earnings Invite the Downfall" class="wp-image-180431" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-230.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-230-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-230-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-230-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-230-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-230-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-230-1140x483.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/dWlANdSY/">NYSE: FSR</a> daily chart by Tradingview
  </figcaption>
 </figure>
</div> 
<p>FSR stock price is expected to open a gap down near $3.50 in the regular session. But the question is will the stock price bounce back or decline further?&nbsp;</p> 
<p>The chart pattern of the <a href="https://www.thecoinrepublic.com/2023/10/21/fisker-inc-fsr-stock-price-lost-momentum-will-it-retest-5/">Fisker stock</a> is highly bearish. It seems like sellers are more active and keep on building shorts on every rise. However, in the coming few sessions, the short sellers may try to book their profits which might trigger the squeeze.&nbsp;</p> 
<p>The analysis suggests that the Fisker <a href="https://www.thecoinrepublic.com/2023/10/21/fisker-inc-fsr-stock-price-lost-momentum-will-it-retest-5/">stock price</a> is oversold and it will not be favorable to build fresh shorts.</p> 
<h3 class="wp-block-heading" id="strong-fisker-inc-quarterly-earnings-update-strong"><strong>Fisker Inc. Quarterly Earnings Update&nbsp;</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_a295c"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": "950",
  "height": "500",
  "symbol": "NYSE:FSR",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "container_id": "tradingview_a295c"
}
  );
  </script> 
</div>  
<p>Fisker stock price is down by 40% on a YTD basis and another 14% cut will hit the stock. It shows that genuine investors are taking exits and losing confidence in their business.&nbsp;</p> 
<p>Quarterly earnings were released on November 13, 2023. It reported an EPS of negative $0.27 and revenue of $71.8 Million. The company missed the EPS estimates by 6.57% and revenue by 33.92%. The stock price is already in a downtrend and earnings fueled the downfall.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>FSR stock price fell 14% in the after-hours session. It reacted negatively to the earnings and collapsed down to the yearly lows.&nbsp;However, Fisker stock price is oversold so the risk of a short squeeze is high. The analysis suggests that it’s better to avoid creating a position on any side.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li>Resistance levels: $5.01 and $6.22</li> 
 <li>Support levels: $3.50 and $3.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

FSR Stock Price Tumbles 14%; Earnings Invite the Downfall

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