Bloom Energy Corporation (BE)
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
In the current situation of Bloom Energy there is not any eligible buy setup. This doesn't mean BE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
When you own a stock with some profit, it's really hard to decide the best moment to sell and get your profits. Trading strategies help us to avoid impulsive decisions based on our personal feelings or the noise that surrounds the market. Our trading system selects very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups should not be used for shorting Bloom Energy stock
As a golden rule, you must never keep an investment that results in greater losses than those expected at the time of purchase. When to sell your stock should always be dictated by the stop-loss (automatic or manual)
Currently, Bloom Energy stock doesn't match any of our preferred sell setups, so if you own Bloom Energy stock and your operation is in profit probably is not time to sell now
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
In the last 30 days, just one rating was published for Bloom Energy
|Sep 18th, 2020|
A favorite tool of many trading systems are the moving averages, that easily show market momentum. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days
Technical analysts use support and resistance levels as a way to spot price points on a chart that tend to act as barriers, preventing the price of shares to move up or down. Supports are levels where the price may stop as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down this level, it is likely to continue falling until meeting another support level. On the other side, resistances are where the price tends to find resistance as it rises. Likewise, the price is more liable to "rebound" at this level, and if it finally ruptures this level, it will climb more easily until it approaches the next resistance
The current resistance levels are:
The current support levels are:
The so-called Bollinger bands are a well-established studio that was created by John Bollinger. Basically, the Bollinger Bands are bands that flow around a centralmoving average, ranging the distance from the bottom to the top depending on market volatility. They are usually plotted by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20
Since the price surpassed the upper band on Monday, the price has been corrected downwards by 16.37%
The Relative Strength Index is an oscillator-type indicator that gauges price movements to identify when the price of a share or financial asset is overbought or oversold. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. J. Welles Wilder introduced the relative strength indicator in the late 1970s and since then it has been widely used by stock traders
The RSI dropped below the overbought level of 70 in late July after just crossing to the overbough zone for just one day (weak signal). The RSI value on Friday was 49.64. Bloom Energy stock collapsed a 18.92% since that level was lost
Bloom Energy Corporation (BE) reported 2nd-quarter earnings of $-0.23 per share, slightly lowering the analysts consensus estimate of $-0.21 per share. This quarterly report means an earnings surprise of -9.52%. Company's revenue resulted of $187.9 million versus $165.0 million forecasted by analysts.
By comparison, the EPS for the same quarter last year was $-0.13, so current EPS is a loss of -76.92%. Sales tanked a -19.64% on an annualized basis in the 2nd-quarter, from $233.8M to $187.9M last quarter.
Bloom Energy is presenting earnings report. Financial reporting day has a more than usual risk for investors as the information posted can gap up or down the price with very low volume and not honouring your buy or stop-loss orders. You can uncover more details about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.bloomenergy.com.