FuelCell Stock Forecast
Stronger technical forecast for FuelCell stock price after Thursday trading.
(Updated on Apr 25, 2024)
The FuelCell stock price fell by -2.43% on the last day (Thursday, 25th Apr 2024) from $0.86 to $0.84. During the last trading day the stock fluctuated 7.09% from a day low at $0.81 to a day high of $0.86. The price has fallen in 8 of the last 10 days and is down by -26.14% 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 -6 million shares and in total, 32 million shares were bought and sold for approximately $27.08 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 $0.796 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -22.53% during the next 3 months and, with a 90% probability hold a price between $0.617 and $0.94 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 3.54%. 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 $0.89 and $1.07. 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
FuelCell finds support from accumulated volume at $0.81 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 $0.0571 between high and low, or 7.09%. For the last week, the stock has had daily average volatility of 12.09%.
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 Friday 26th
For the upcoming trading day on Friday, 26th we expect FuelCell Energy to open at $0.84, and during the day (based on 14 day Average True Range), to move between $0.760 and $0.92, which gives a possible trading interval of +/-$0.0821 (+/-9.75%) up or down from last closing price. If FuelCell Energy takes out the full calculated possible swing range there will be an estimated 19.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.86 (2.49%) than the support at $0.81 (3.42%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.235 Sell Candidate Upgraded
Predicted Opening Price for FuelCell Energy of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.84 ( 0.661%) | $0.84 |
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 | 0.89 | 6.12 % | |
| R2 | 0.87 | 3.53 % | ||
| R1 | 0.86 | 1.93 % | ||
| Current price: | 0.84 | |||
| Support | S1 | 0.81 | -3.25 % | |
| S2 | 0.80 | -4.85 % | ||
| S3 | 0.779 | -7.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.93 | 10.53 % | |
| R2 | 0.92 | 9.11 % | ||
| R1 | 0.86 | 2.49 % | ||
| Current price | 0.84 | |||
| Support | S1 | 0.81 | -3.42% | |
| 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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