Arcimoto Inc Stock Forecast
Arcimoto Inc stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on May 01, 2024)
No changes to the price of Arcimoto Inc stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.380 to a day high of $0.380. The price has fallen in 5 of the last 10 days and is down by -8.12% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -36.01% during the next 3 months and, with a 90% probability hold a price between $0.212 and $0.276 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FUV Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Arcimoto Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.404 and $0.451. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Arcimoto Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.93%
Arcimoto Inc is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FUV) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Arcimoto Inc to open at $0.380, and during the day (based on 14 day Average True Range), to move between $0.358 and $0.402, which gives a possible trading interval of +/-$0.0224 (+/-5.90%) up or down from last closing price. If Arcimoto Inc takes out the full calculated possible swing range there will be an estimated 11.81% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.460, some $0.0800 (21.05%) from the current price of $0.380, our system finds the risk reward not very attractive.
Is Arcimoto Inc stock A Buy?
Arcimoto Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.119 Sell Candidate Upgraded
Predicted Opening Price for Arcimoto Inc of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$0.380 ( 0.00000000%) | $0.380 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.380 | 0.00000000 % | |
R2 | 0.380 | 0.00000000 % | ||
R1 | 0.380 | 0.00000000 % | ||
Current price: | 0.380 | |||
Support | S1 | 0.380 | 0.00000000 % | |
S2 | 0.380 | 0.00000000 % | ||
S3 | 0.380 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.464 | 22.11 % | |
R2 | 0.461 | 21.34 % | ||
R1 | 0.460 | 21.05 % | ||
Current price | 0.380 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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