FUELCELL ENERGY INC (FCEL) Technical Analysis
NASDAQ:FCEL • US35952H7008
Current stock price
FCEL Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to FCEL. FCEL has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When comparing the yearly performance of all stocks, we notice that FCEL is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, FCEL also shows a nice and consistent pattern of rising prices.
- FCEL is one of the better performing stocks in the Electrical Equipment industry, it outperforms 83% of 92 stocks in the same industry.
- FCEL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month FCEL has a been trading in the 6.17 - 12.43 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- FCEL has an average volume of 2444220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FCEL Weekly and Daily overview Charts
FCEL Setup Rating and Analysis
Although FCEL has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
FCEL Support and Resistance Analysis
6.45
We found 2 important support areas.
- Support @6.87 from a trend line in the weekly time frame.
- A support zone ranging from 6.52 to 6.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
FCEL Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for FCEL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FCEL is up. |
| ChartMill Relative Strength | 95.92 | POSITIVE | FCEL has a high relative strength, it outperformed 95.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FCEL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FCEL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FCEL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.41 | OVERBOUGHT | The high RSI value suggests FCEL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.59 | POSITIVE | The MACD value suggests FCEL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.47 | OVERBOUGHT | The high Stochastics value suggests FCEL may be overbought. |
| Average True Range in percent/ATR (20) | 7.16 | HIGH VOLATILITY | The high ATR as a percentage value for FCEL suggests high volalility. |
| Average Directional Index/ADX (14) | 30.88 | POSITIVE | The high ADX value value for FCEL suggests a strong trend. |
FCEL Chart- and CandleStick Pattern Analysis
FCEL Technicals: Chart, Performance Metrics, Trend & Indicators
11.18
-0.99 (-8.13%)
FUELCELL ENERGY INC / FCEL TA FAQ
What is the technical rating for FCEL stock?
ChartMill assigns a technical rating of 10 / 10 to FCEL.
Can you provide the trend direction for FUELCELL ENERGY INC?
The current trend direction for FUELCELL ENERGY INC (FCEL) is Bearish.
What is the RSI signal for FCEL stock?
FUELCELL ENERGY INC (FCEL) has an RSI value of 72.4056. This indicates that the stock is currently overbought.
What is the short term momentum for FUELCELL ENERGY INC (FCEL) stock?
The short term momentum for FUELCELL ENERGY INC (FCEL) is positive.
What is the support and resistance level for FCEL stock?
FUELCELL ENERGY INC (FCEL) has a support level at 6.87. Check the full technical report for our detailed analysis of FCEL support and resistance levels.