50% OFF
MarketBeat All Access
Get 30 days free. Save 50% your first year.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
×
S&P 500   3,647.29 (-0.21%)
DOW   29,134.99 (-0.43%)
QQQ   274.66 (+0.11%)
AAPL   151.76 (+0.66%)
MSFT   236.18 (-0.53%)
META   134.45 (-1.41%)
GOOGL   97.46 (-0.72%)
AMZN   114.36 (-0.69%)
TSLA   283.06 (+2.55%)
NVDA   124.20 (+1.57%)
NIO   17.22 (-2.27%)
BABA   78.06 (-1.08%)
AMD   67.18 (+1.33%)
T   15.72 (+0.32%)
MU   50.63 (+3.58%)
CGC   2.87 (+4.74%)
F   11.87 (-1.00%)
GE   64.35 (+0.00%)
DIS   95.85 (-2.31%)
AMC   7.44 (+8.93%)
PYPL   85.72 (+1.73%)
PFE   44.09 (+0.59%)
NFLX   224.54 (+0.21%)
S&P 500   3,647.29 (-0.21%)
DOW   29,134.99 (-0.43%)
QQQ   274.66 (+0.11%)
AAPL   151.76 (+0.66%)
MSFT   236.18 (-0.53%)
META   134.45 (-1.41%)
GOOGL   97.46 (-0.72%)
AMZN   114.36 (-0.69%)
TSLA   283.06 (+2.55%)
NVDA   124.20 (+1.57%)
NIO   17.22 (-2.27%)
BABA   78.06 (-1.08%)
AMD   67.18 (+1.33%)
T   15.72 (+0.32%)
MU   50.63 (+3.58%)
CGC   2.87 (+4.74%)
F   11.87 (-1.00%)
GE   64.35 (+0.00%)
DIS   95.85 (-2.31%)
AMC   7.44 (+8.93%)
PYPL   85.72 (+1.73%)
PFE   44.09 (+0.59%)
NFLX   224.54 (+0.21%)
S&P 500   3,647.29 (-0.21%)
DOW   29,134.99 (-0.43%)
QQQ   274.66 (+0.11%)
AAPL   151.76 (+0.66%)
MSFT   236.18 (-0.53%)
META   134.45 (-1.41%)
GOOGL   97.46 (-0.72%)
AMZN   114.36 (-0.69%)
TSLA   283.06 (+2.55%)
NVDA   124.20 (+1.57%)
NIO   17.22 (-2.27%)
BABA   78.06 (-1.08%)
AMD   67.18 (+1.33%)
T   15.72 (+0.32%)
MU   50.63 (+3.58%)
CGC   2.87 (+4.74%)
F   11.87 (-1.00%)
GE   64.35 (+0.00%)
DIS   95.85 (-2.31%)
AMC   7.44 (+8.93%)
PYPL   85.72 (+1.73%)
PFE   44.09 (+0.59%)
NFLX   224.54 (+0.21%)
S&P 500   3,647.29 (-0.21%)
DOW   29,134.99 (-0.43%)
QQQ   274.66 (+0.11%)
AAPL   151.76 (+0.66%)
MSFT   236.18 (-0.53%)
META   134.45 (-1.41%)
GOOGL   97.46 (-0.72%)
AMZN   114.36 (-0.69%)
TSLA   283.06 (+2.55%)
NVDA   124.20 (+1.57%)
NIO   17.22 (-2.27%)
BABA   78.06 (-1.08%)
AMD   67.18 (+1.33%)
T   15.72 (+0.32%)
MU   50.63 (+3.58%)
CGC   2.87 (+4.74%)
F   11.87 (-1.00%)
GE   64.35 (+0.00%)
DIS   95.85 (-2.31%)
AMC   7.44 (+8.93%)
PYPL   85.72 (+1.73%)
PFE   44.09 (+0.59%)
NFLX   224.54 (+0.21%)

Ring the Register on Arcimoto Stock into Strength

 Ring the Register on Arcimoto  Stock into StrengthThree-wheel electric vehicle (EV) Arcimoto, Inc. (NASDAQ: FUV) was highlighted in an  article “Arcimoto (NASDAQ: FUV) Stock is Worthy at These Levels” on Jan. 13, 2021. Shares have nearly doubled since then prompting the consideration to ring the register taking some or all profits while the market continues to price in the EV and clean energy narrative premium. As U.S. EV makers get closer to production, markets will move to actual EV delivery metrics. Arcimoto is nearing production ramps on their unique line of three-wheel EVs tailored to the first responders, recreational, and delivery services segments. Prudent investors who took positions earlier in the year might want to lock some profits into opportunistic exit price levels before a larger channel tightening reversion kicks in.

Updates and Events

On Jan. 25, 2021, Arcimoto announced the acquisition of Tilting Motor Works, creator of the TRiO, three-wheel conversion kit for touring motorcycles. Most notably, the patented tilting trike technology will be integrated into Acrimoto products. This news triggered the range breakout spiking shares into the mid-$20s, which would continue to squeeze for the next several weeks to peak at $36.80 on Feb. 5, 2021. The sentiment driving up U.S. EV makers was also key momentum factor as Workhorse (NASDAQ: WKHS) , Lordstown Motors (NYSE: RIDE) and Canoo (NASDAQ: GOEV) share similar price spikes.


Catalysts

Investors are waiting for updates on the pilot program with the City of Orlando for first responder EVs. The Company had originally forecast the production of four EVs per day by the end of Q1 2021 and the ultimate goal of up to 50,000 EVs within 24 hours. Since the last article, the Company had received 4,000 deposits. Any updates on the Orlando project notably orders, rise in paid deposits and ramp up of EV deliveries are the key catalysts that can spike share prices. Investors may consider these spikes to sell-the-news before the market does into opportunistic exit price levels.

 Ring the Register on Arcimoto (NYSE: FUV) Stock into Strength

 FUV Opportunistic Exit Levels

Using the rifle charts on the weekly and daily time frames provides a precise near-term perspective of the price action playing field for FUV stock. The weekly rifle chart formed a pup breakout after triggering the daily market structure low (MSL) buy trigger above $13.75 at the beginning of 2021. The weekly 5-period moving average (MA) is rising at $23.62 while shares overshot the weekly upper Bollinger Bands (BBs) at $32.65. The daily rifle chart formed two pup breakouts to trigger a squeeze up to $36.80 before peaking to form a market structure high (MSH) sell trigger below $30.05 and a weekly MSH trigger below $27.22. The weekly mini pup can’t formed until the weekly 5-period MA is tested and bounces. The daily channel tightening completed by testing the daily 15-period MA at the $27.15 Fibonacci (fib) level. The daily has a make or break that is anchored by the daily stochastic and daily 5-period MA falling at $30.06. A coil back to the daily 5-period MA provides opportunities to trim some profits before the daily MSH triggers under $27.22, which can lean price down towards the weekly 5-period MA at the $23.22. Prudent investors can use opportunistic exit price levels to ring the register on part of all of the position from the $25.34 fib up to the $39.54 fib with a trail stop under $21.92. Obviously, one would prefer to trim shares are the higher fibs, but that’s only possible if the daily stochastic crosses back up as shares rise through the daily 5-period MA long enough to enable the weekly mini pup to materialize. Shares may not test the upper exit fib ranges so it’s best to be aware of the price inflection points to consider trimminG.

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Arcimoto (FUV)
1.7646 of 5 stars
$1.39-6.1%N/A-0.81Hold$7.00
Workhorse Group (WKHS)
1.4723 of 5 stars
$2.73+1.5%N/A-1.25Moderate Buy$4.80
Compare These Stocks  Add These Stocks to My Watchlist 

Should you invest $1,000 in Arcimoto right now?

Before you consider Arcimoto, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arcimoto wasn't on the list.

While Arcimoto currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Jea Yu

About Jea Yu

Contributing Author: Trading Strategies

With over 20 years of active participation and analysis of the US equities, options and futures markets, Mr. Yu brings fresh insights into the workings of the financial markets. He has published four books by esteemed publishers McGraw-Hill, John Wiley & Sons, Marketplace Books and Bloomberg Press. His brainchild, the Underground Trader, was voted Forbes Best of the Web for four consecutive years under the active trader category. He has been a featured speaker all over the country at various expos and seminars who enjoys a standing-room-only reception in the largest convention halls from New York to Las Vegas. He has been quoted and featured in USA Today, Wall Street Journal, Traders Magazine and the Financial Times and various trade publications like Stocks & Commodities, Active Trader and Online Investor. Mr. Yu has a B.A. in Liberal Arts and minor in Business Administration from the University of Maryland.
Contact Jea Yu via email at JeaYu21@gmail.com.
Free Email Newsletter

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Most Read This Week

Recent Articles

Search Headlines:

Latest PodcastFed Raises Rates: 3 Stocks to Watch Newmont Mining, Walmart, AMC

Axel Merk, President and CIO of Merk Investments has three very different stocks he frames within the current market and economic conditions.

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.