Weekly Fisker Stock Chart Analysis (Week of May 22nd)

Fisker shares increased over $1/share this week up 12.28% opening Monday (5/16) at $10.05 and closing Friday (5/20) at $11.07.

The stock market saw another sell off this week. Inflation worries and rising rates have been wrecking havoc on asset prices including shares in publicly traded companies. The Nasdaq closed at 11,354.62 down 3.82%, S&P 500 at 3,901.36 down 3.04%, and DJIA at 31,261.90 down 2.91%. However, on a positive note, Fisker ($FSR) investors were rewarded this week. Fisker shares closed the week at $11.07 up 12.28%. The reason could be from the release of videos of the Fisker Ocean being test driven by Abbie Eaton at the Bridgestone Proving Ground. Maybe investors are finally starting to believe in the Fisker story.

Let’s dive into Fisker’s shares with a recap

Bulls did a great job this week. They opened the market at $9.97 with an immediate low of $9.61. Then they kept pushing the price of the stock strongly to 11.59. Shares passed all resistance zones without any major pull back. That is positive, especially when the general market sentiment was so negative. However, Fisker held its gain handsomely.

What we expect next week?

We can clearly see our chart shows two bull formations. First, there are three candle formation with a close today above the hammer’s high. Second, there is a descending triangle formation that needs to break the green line for confirmation.

As long as we hold the $10.80 support zone, we should test $11.80 next week. Once we clear this next zone and close above it, the door is open for $13/share. However, if we breach the $10.80 support zone, it could put the bear in control. We could then test $10.25 or even a 50% Fibonacci retracement to $9.85 in weak market.

You may like:  The Great EV Race

The chart shows investors should be ready to add more shares on any pull back next week, because all technical analysis formations shows bullishness. Good luck to Fisker shares next week with the $12.80/$13.25 zones.

This guest blog post is written by @khaled_kayuae. He is a professional investor, swing trader, and chartist with a long position in Fisker ($FSR) shares. 

Reserve Your Fisker Ocean

You can reserve your Fisker Ocean or PEAR by visiting https://fiskerinc.com/reserve. Use referral code DDK87H.


Join The Club

Show your support and unlock access to exclusive members-only benefits by joining the Club today.


Fiskerati Mobile Apps

Download the new Fiskerati app on Apple App Store and Google Play.


Connect with Fiskerati

Questions? Content Ideas? Partnerships? Have a tip?
Reach out – we are new and open to collaboration. Get in touch by sending an email to [email protected].

Follow Us
Twitter, Facebook, YouTube, and Google News.

Fiskerati Newsletter
Get our free weekly newsletter This Week In Fisker direct to your email inbox!


Fiskerati Forums

Connect with Fisker enthusiasts on Fiskerati Forums to ask questions and discuss topics about the Fisker Ocean, PEAR, and RŌNIN supercar.

What are your thoughts?