Weaker Buy Today FCEL ranks #184 as BUY CANDIDATE #184 Stronger Buy

FCEL stock forecast FuelCell Energy

FCEL stock forecast

Friday January 17, 2020 Change 7.14% Price $2.40
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell
Bullish vs. Bearish (436 opinions)
83%
17%
Social Sentiment 0.03

FCEL Forecast and Technical Stock Analysis


Buy candidate since 2020-01-02 Gain 19.40% PDF

FuelCell Energy gained 7.14% in the last trading day ( Friday, 17th Jan 2020 ), rising from $2.24 to $2.40 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 6.61% from a day low at $2.27 to a day high of $2.42. The price has risen in 7 of the last 10 days and is up by 16.5% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 3.58 million more shares were traded than the day before. In total, 24.08 million shares bought and sold for approximately $57.79 million.

Quick summary:

  • 30 day high of the FCEL stock price was $2.93 and low was $0.66.
  • 90 day high was $2.93 and low was $0.23.
  • 52 week high for FuelCell Energy - $2.93 and low - $0.13.
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Trend

FuelCell Energy lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 216.6% during the next 3 months and, with 90% probability hold a price between $4.36 and $9.16 at the end of this period.

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Signals

Only positive signals in the chart today. FuelCell Energy holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $2.19 and $1.29. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 02, 2020, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 69 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $2.22 and $2.06.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, FuelCell Energy finds support just below today's level at $2.22. If this is broken, then the next support from accumulated volume will be at $2.06 and $2.01.

Support: $2.22 Price: $2.40 Resistance: $2.51

Risk

This stock may move much during a 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 $0.15 between high and low, or 6.61%. For the last week, the stock has had a daily average volatility of 7.86%.

Our recommended stop-loss: $2.31 (-3.62%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 11 days ago.)

7.86 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Strong Buy Candidate Upgraded

Evaluation

FuelCell Energy holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate candidate.

Also 84% of user sentiment are positive to the stock. The sentiment is based upon 359 votes on StockTwits.

Weaker Buy Today FCEL ranks #184 as BUY CANDIDATE #184 Stronger Buy
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