- Fisker stock price has been consolidating inside a horizontal range but is currently trading at the upper price range to register its breakout for the most awaited 2023 rally.
- FSR stock price has recovered above 20, 50 and 100-days Daily Moving Average but FSR share price is still behind 200-days Daily Moving Average.
- Henrik Fisker and his wife Geeta Gupta-Fisker founded the American automaker Fisker Inc.
Fisker stock price has recovered around 20% after getting support from $6.70 in January 2023. Henrik Fisker, an automotive designer, established Fisker Inc. in 2007. The firm is well-known for its svelte and avant-garde EV designs, such as the Fisker Ocean SUV and the Fisker Karma sedan. FSR stock price may rally with maximum recovery rate as analysts speculate about FSR share price.
FSR stock price is trading at upper range of horizontal range-bound area at $8.00. FSR investors need to wait for Fisker share price to break out from the resistance level at $8.00. Meanwhile, Fisker has been bullish from the last four consecutive trading sessions. Analysts speculate that FSR stock price may reach $10 with the upcoming rally in 2023.
Fisker stock price was at $7.87 and has gained 5.28% of its market capitalization in the day’s trading session. However, trading volume is still below average and needs to grow for FSR stock price to continue rallying over the daily price chart.
Fisker stock price has been consolidating inside the consolidation phase over the daily time frame chart. FSR share price is finally trading towards the upper price range of the horizontal range and is about to break out of the resistance level. FSR stock price must break out of the current resistance level to recover itself above $10. Meanwhile, FSR stock price has recovered above 20, 50 and 100-days Daily Moving Average but FSR share price is still behind its 200-days Daily Moving Average.
Will Fisker Stock Price Reach $10?
Fisker share price has been trading with strong uptrend momentum over the daily time frame chart. Technical indicators suggest strong uptrend momentum of FSR stock price.
Relative Strength Index showcases the uptrend momentum of FSR stock price. RSI is at 59 and is heading towards the overbought territory. MACD exhibits the strong upside momentum of FSR stock. The MACD line is way ahead of the signal line after a positive crossover. Investors in Fisker stocks need to wait until the stock price surges out of the horizontal range bound area and sustains.
Summary
Fisker stock price has recovered around 20% after getting support from $6.70 in January 2023. FSR stock price is said to be the year for Fisker stock to rally with maximum recovery rate. FSR stock price must break out of the current resistance level to recover itself above $10. Technical indicators suggest strong uptrend momentum of FSR stock price. The MACD line is way ahead of the signal line after a positive crossover. Investors in Fisker stocks need to wait until the stock price surges out of the horizontal range bound area and sustains.
Technical Levels
Support Levels: $7.20 and $6.70
Resistance Levels: $8.00 and $10.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/01/11/analysts-speculate-fisker-stock-price-to-reach-15-are-you-ready-to-witness-the-fsr-stock-price-2023-rally/