FuelCell Stock Forecast
High volatility in FuelCell stock price on Wednesday which ended trading at $0.86
(Updated on Apr 24, 2024)
The FuelCell stock price fell by -6.06% on the last day (Wednesday, 24th Apr 2024) from $0.92 to $0.86. During the last trading day the stock fluctuated 12.38% from a day low at $0.85 to a day high of $0.96. The price has fallen in 8 of the last 10 days and is down by -24.96% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -16 million shares and in total, 38 million shares were bought and sold for approximately $32.75 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.80 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.92% during the next 3 months and, with a 90% probability hold a price between $0.635 and $0.98 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 6.12%. Further rise is indicated until a new top pivot has been found. 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 $0.92 and $1.08. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for FuelCell stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.81. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.105 between high and low, or 12.38%. For the last week, the stock has had daily average volatility of 12.57%.
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 Thursday 25th
For the upcoming trading day on Thursday, 25th we expect FuelCell Energy to open at $0.89, and during the day (based on 14 day Average True Range), to move between $0.779 and $0.95, which gives a possible trading interval of +/-$0.0838 (+/-9.71%) up or down from last closing price. If FuelCell Energy takes out the full calculated possible swing range there will be an estimated 19.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.81 (5.77%) than the resistance at $0.92 (6.45%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.725 Strong Sell Candidate Downgraded
Predicted Opening Price for FuelCell Energy of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.89 ( 3.06%) | $0.86 |
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 | 0.99 | 15.25 % | |
| R2 | 0.95 | 10.59 % | ||
| R1 | 0.93 | 7.72 % | ||
| Current price: | 0.86 | |||
| Support | S1 | 0.85 | -1.60 % | |
| S2 | 0.82 | -4.47 % | ||
| S3 | 0.784 | -9.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.00 | 15.87 % | |
| R2 | 0.93 | 7.84 % | ||
| R1 | 0.92 | 6.45 % | ||
| Current price | 0.86 | |||
| Support | S1 | 0.81 | -5.77% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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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