Will achr go up today?

Archer Aviation (ACHR) is likely to face downward pressure on its stock price today. Here's why:

1. Recent Performance: The stock has experienced a significant decline, losing 8.2% over the past week. This recent bearish trend suggests that the stock may continue to face downward pressure.
2. Technical Indicators: The formation of a hammer pattern indicates a potential trend reversal, but this alone may not be enough to guarantee a significant increase in the stock price.
3. Market Sentiment: The sentiment is bearish, with a Fear & Greed Index indicating fear. This negative sentiment among investors can often lead to further declines in the stock price.
4. Financial Health: Archer has a high debt-to-equity ratio and is not yet profitable, which may raise concerns among investors. This could contribute to increased selling pressure.

While there are positive developments, such as the strategic partnership with Stellantis and the order book from Future Flight Global, the immediate technical indicators and market sentiment point towards a potential decline in ACHR's stock price today.