Bullish vs. Bearish (436 opinions)
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.
- 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.
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.
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.
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.
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
Very Low Low Medium High Very High
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.
|FCEL $2.40 ($0.16 7.14%)|
FCEL is up $0.16 today, but where's it headed in 2020?
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