How the price action of Arcimoto Inc. Common Stock (FUV) is used to our Advantage

September 15, 2021, 05:00 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Arcimoto Inc. Common Stock (NYSE: FUV) data table below can help you with price action, and we have more details too. Trading plans for FUV are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for FUV

• Buy FUV slightly over 9.88 target 15.94 stop loss @ 9.85 Details

The technical summary data tells us to buy FUV near 9.88 with an upside target of 15.94. This data also tells us to set a stop loss @ 9.85 to protect against excessive loss in case the stock begins to move against the trade. 9.88 is the first level of support below 11.49 , and by rule, any test of support is a buy signal. In this case, support 9.88 would be being tested, so a buy signal would exist.

• Short FUV under 15.94, target 9.88, stop loss @ 15.99 Details

The technical summary data is suggesting a short of FUV as it gets near 15.94 with a downside target of 9.88. We should have a stop loss in place at 15.99though. 15.94 is the first level of resistance above 11.49, and by rule, any test of resistance is a short signal. In this case, if resistance 15.94 is being tested, so a short signal would exist.

Swing Trading Plans for FUV

• Buy FUV slightly over 11.63, target 12.46, Stop Loss @ 11.6 Details

If 11.63 begins to break higher, the technical summary data tells us to buy FUV just slightly over 11.63, with an upside target of 12.46. The data also tells us to set a stop loss @ 11.6 in case the stock turns against the trade. 11.63 is the first level of resistance above 11.49, and by rule, any break above resistance is a buy signal. In this case, 11.63, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FUV near 11.63, target 9.88, Stop Loss @ 11.66. Details

The technical summary data is suggesting a short of FUV if it tests 11.63 with a downside target of 9.88. We should have a stop loss in place at 11.66 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 11.63, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for FUV

• Buy FUV slightly over 11.68, target 12.46, Stop Loss @ 11.65 Details

If 11.68 begins to break higher, the technical summary data tells us to buy FUV just slightly over 11.68, with an upside target of 12.46. The data also tells us to set a stop loss @ 11.65 in case the stock turns against the trade. 11.68 is the first level of resistance above 11.49, and by rule, any break above resistance is a buy signal. In this case, 11.68, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FUV near 11.68, target 9.88, Stop Loss @ 11.71. Details

The technical summary data is suggesting a short of FUV if it tests 11.68 with a downside target of 9.88. We should have a stop loss in place at 11.71 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 11.68, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

FUV Ratings for September 15:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	9.88
P2	11.68	11.63	15.94
P3	12.28	12.46	24.17

Support and Resistance Plot Chart for FUV

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.