FUELCELL ENERGY INC (FCEL) Stock Technical Analysis
NASDAQ:FCEL • US35952H7008
Taking everything into account, FCEL scores 2 out of 10 in our technical rating. Although FCEL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- FCEL has an average volume of 2438270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Looking at the yearly performance, FCEL did better than 81% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- FCEL is an average performer in the Electrical Equipment industry, it outperforms 65% of 91 stocks in the same industry.
- FCEL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FCEL is lagging the market.
- In the last month FCEL has a been trading in the 6.35 - 9.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FCEL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.70. Right above this resistance zone may be a good entry point.
More info and screens
4.31
We found 5 important support areas.
- A support zone ranging from 7.43 to 7.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.18 from a horizontal line in the weekly time frame.
- Support @7.00 from a horizontal line in the daily time frame.
- Support @6.61 from a trend line in the daily time frame.
- Support @4.35 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 7.70 to 7.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.75 from a trend line in the daily time frame.
- Resistance @9.98 from a trend line in the weekly time frame.
- Resistance @10.21 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The short term trend for FCEL is down. |
| ChartMill Relative Strength | 81.98 | POSITIVE | FCEL has a high relative strength, it outperformed 81.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FCEL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FCEL is below a declining 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) | 49.05 | NEUTRAL | The RSI value for FCEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FCEL has a positive trend. |
| Stochastics (14,3) | 69.32 | NEUTRAL | The Stochastics value for FCEL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.23 | HIGH VOLATILITY | The high ATR as a percentage value for FCEL suggests high volalility. |
| Average Directional Index/ADX (14) | 15.99 | NEGATIVE | The low ADX value for FCEL suggests a weak or negative trend. |
7.69
+0.01 (+0.13%)
FUELCELL ENERGY INC / FCEL FAQ
What is the technical rating for FCEL stock?
ChartMill assigns a technical rating of 2 / 10 to FCEL.
Can you provide the trend direction for FUELCELL ENERGY INC?
The current trend direction for FUELCELL ENERGY INC (FCEL) is Bearish.
Can you provide the RSI signal for FUELCELL ENERGY INC?
FUELCELL ENERGY INC (FCEL) has an RSI value of 49.0535. This indicates that the stock is currently neutral.
What is the MACD signal for FCEL stock?
The MACD indicator for FUELCELL ENERGY INC (FCEL) has a value of 0.0312945, indicating a bearish trend.
Can you provide the support and resistance levels for FUELCELL ENERGY INC?
FUELCELL ENERGY INC (FCEL) has a support level at 7.45 and a resistance level at 7.7. Check the full technical report for our detailed analysis of FCEL support and resistance levels.