This week at Fisker has been slow as it appears to be the calm before the storm as the company announces new pop-up locations and crafting goals.
Today we are one more week closer to the official start of production on November 17th. That’s right, we are now 39 days away from the date Magna will start producing salable vehicles for Fisker. While this week at Fisker has been rather slow, there have been a few announcements.
An announcement, directly from Henrik Fisker himself, caught our attention. He shared it on social media. Henrik said Fisker and Magna plan to produce 23 electric SUVs next week. You heard right, 23 vehicles built in one week. It would be amazing if Fisker and his partner could pull it off.
Then yesterday Fisker announced the start of another leg of their US tour. The company will stop in Seattle, Houston, Austin and Dallas with the Fisker Ocean. This will be the first time the Fisker Ocean has visited both the Pacific Northwest and the Southcentral United States. Don’t forget to share your photos and videos with us to be featured on the site!
There is something interesting about this latest announcement from Fisker, however. If you noticed, Fisker now calls it a “road tour.” The orange line on the map provided appears to run through Salt Lake City and Denver. Nothing officially confirmed, but fingers crossed for those of you in these cities!🤞
More updates from Fisker Ocean
It was a week ago today when Fisker extended lockdown dates for some Ocean One customers. Not all customers have received a new lockdown date. Ours went from 10/10 to 11/21. This update was not part of last week’s This Week In Fisker as we released it on a Saturday. However, we wanted to bring this to your attention in case you didn’t see the update last week.
Additionally, we posted a 10-question written interview with Electrify America. We had planned to meet the charging company at Fully Charged Live in San Diego, but wanted to focus all of our limited time on the Fisker Ocean. Believe it or not, all interview questions were written by members of the Fiskerati forums. For those unfamiliar with fast charging, this is a good read.
There were two other articles this week that we wanted to highlight. The first is titled “Solid as a Rock” which showed the driver’s side door closing. We talked about our in-person experience at Fully Charged Live and how strong the Fisker Ocean doors are, as seen in the recently posted video.
The second article is titled “What Fisker Ocean color do you get?” You can probably guess what this article is about. New photos from the Fisker Ocean were released this week showing Mariana in a different light again. We conducted a poll to find out which color is currently the most popular. Big Sur Blue seems to be the winner at the moment.
Weekly stock chart analysis
Fisker shares closed the week at $7.37 down 2.38% on the week. That was compared to the NASDAQ composite which was up 0.73% at Friday’s close. The overall stock market was under pressure on Monday, followed by two days of gains to end the week slightly higher. Fisker shares, on the other hand, hit an all-time low this week.
Fisker shares have traded this week in a range of $7.09 to $8.32/share. There is nothing new here, as retail investors are getting used to seeing another all-time low every week. As the saying goes, the trend is your friend. We are still in a downtrend. This trend will not end until we see higher highs and lows at the daily close of the candles.
We could start this on lower timeframes with a reversal pattern on higher timeframes in the next few days to confirm the setup. Fisker bulls are distraught and losing hope as we continue to see historic lows every week. The Fisker bears are happy to continue driving the stock price down even further. This is especially true with negative market sentiment.
What we expect next week
The Fisker chart shows that we have a price divergence. It’s good news. We can expect a visit to $7.80/share again next week. With a close above this price on the intraday chart, Fisker shares can once again reach the long-awaited target of $8.60/share.
Additionally, the weekly candle on the Fisker chart is showing a nice inverted hammer. This could indicate that a reversal is near on the weekly chart. However, “smart” investors are waiting to see Fisker stock break through the $9.50 level. This is where there is currently a very strong downtrend line.
If stocks rise above this level, smart investors could open new positions in Fisker shares in anticipation of new highs. Time will tell in which direction Fisker stocks will continue to move.
Stock chart analysis provided by @khaled_kayuae. He is a professional investor, swing trader, and chartist with a long position in Fisker ($FSR) shares.
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