Fuelcell Energy Inc Stock Forecast
Red day on Tuesday for Fuelcell Energy Inc
(Updated on Jun 25, 2024)
The Fuelcell Energy Inc stock price fell by -0.266% on the last day (Tuesday, 25th Jun 2024) from $376.00 to $375.00. During the last trading day the stock fluctuated 0.333% from a day low at $375.00 to a day high of $376.25. The price has risen in 4 of the last 10 days but is still down by -0.29% for this period. Volume has increased on the last day by 10 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 21 shares were bought and sold for approximately $7.88 thousand.
The stock lies in the middle of a 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 -4.20% during the next 3 months and, with a 90% probability hold a price between $348.76 and $369.05 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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FCELB Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fuelcell Energy 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 $378.29 and $379.42. A break-up above any of these levels will issue buy signals. Fuelcell Energy Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Fuelcell Energy Inc stock
Fuelcell Energy Inc finds support from accumulated volume at $372.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.25 between high and low, or 0.333%. For the last week the stock has had daily average volatility of 0.360%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FCELB) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Fuelcell Energy Inc to open at $375.42, and during the day (based on 14 day Average True Range), to move between $371.84 and $378.16, which gives a possible trading interval of +/-$3.16 (+/-0.84%) up or down from last closing price. If Fuelcell Energy Inc takes out the full calculated possible swing range there will be an estimated 1.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $375.49 (0.13%) than the support at $372.54 (0.66%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Fuelcell Energy Inc stock A Buy?
Fuelcell Energy Inc holds several negative signals and is within a 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: -2.371 Sell Candidate Unchanged
Predicted Opening Price for Fuelcell Energy Inc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $375.42 ( 0.111%) | $375.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCELB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 376.67 | 0.444% |
| R2 | 376.19 | 0.317% |
| R1 | 375.89 | 0.238% |
| Price | 375.00 | |
| S1 | 374.94 | -0.0162% |
| S2 | 374.64 | -0.0949% |
| S3 | 374.17 | -0.222% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 390.04 | 4.01% |
| R2 | 390.00 | 4.00% |
| R1 | 375.49 | 0.131% |
| Price | 375.00 | |
| S1 | 372.54 | -0.656% |
| S2 | 372.50 | -0.667% |
| S3 | 0 | - |
FCELB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 30, 2024 | May 15, 2024 | $12.50 | 3.18% |
| 2 | Jan 31, 2024 | Jan 31, 2024 | Feb 15, 2024 | $12.50 | 3.02% |
| 3 | Oct 13, 2023 | Oct 31, 2023 | Nov 15, 2023 | $12.50 | 3.05% |
| 4 | Jul 10, 2023 | Jul 31, 2023 | Aug 15, 2023 | $12.50 | 3.05% |
| 5 | Apr 21, 2023 | Apr 28, 2023 | May 15, 2023 | $12.50 | 2.67% |
FAQ
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