FuelCell Stock Forecast
Green day on Friday for FuelCell
(Updated on Apr 26, 2024)
The FuelCell stock price gained 3.38% on the last trading day (Friday, 26th Apr 2024), rising from $0.84 to $0.87. During the last trading day the stock fluctuated 7.43% from a day low at $0.81 to a day high of $0.87. The price has fallen in 7 of the last 10 days and is down by -20.86% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 35 million shares were bought and sold for approximately $30.22 million.
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 -23.86% during the next 3 months and, with a 90% probability hold a price between $0.601 and $0.90 at the end of this 3-month period.
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FCEL Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 7.05%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The FuelCell 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 $0.87 and $1.06. 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).
Support, Risk & Stop-loss for FuelCell stock
FuelCell finds support from accumulated volume at $0.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0604 between high and low, or 7.43%. For the last week, the stock has had daily average volatility of 11.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FCEL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect FuelCell Energy to open at $0.85, and during the day (based on 14 day Average True Range), to move between $0.790 and $0.95, which gives a possible trading interval of +/-$0.0806 (+/-9.25%) up or down from last closing price. If FuelCell Energy takes out the full calculated possible swing range there will be an estimated 18.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.86 (0.86%) than the resistance at $0.92 (5.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FuelCell Energy stock A Buy?
FuelCell 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.
Current score: -4.737 Sell Candidate Unchanged
Predicted Opening Price for FuelCell Energy of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.85 ( 2.12%) | $0.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCEL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.91 | 4.82 % | |
| R2 | 0.89 | 2.17 % | ||
| R1 | 0.88 | 0.529 % | ||
| Current price: | 0.87 | |||
| Support | S1 | 0.83 | -4.77 % | |
| S2 | 0.81 | -6.41 % | ||
| S3 | 0.792 | -9.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.00 | 14.88 % | |
| R2 | 0.93 | 6.92 % | ||
| R1 | 0.92 | 5.54 % | ||
| Current price | 0.87 | |||
| Support | S1 | 0.86 | -0.86% | |
| S2 | 0.84 | -3.27% | ||
| S3 | 0.81 | -6.58% |
FCEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 17, 1999 | Feb 17, 1999 | Feb 17, 1999 | $7.99 | 2.90% |
FAQ
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