FuelCell Energy stock: buy or sell
Jun 22nd, 2021
FuelCell Energy stock brief
- FuelCell Energy stock slightly changed 0.34% to close at $8.83 on the stock market on Monday, and broke a streak of 5 sessions in negative.
- Last February price started dropping and printed 2 consecutive lower tops. shares price lost a -70.01% since the downtrend started.
- On June 10, FuelCell Energy made public its Q2 financial report
- FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation.
Should I buy FuelCell Energy stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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
Is $FCEL stock a buy?
Currently, FuelCell Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $FCEL in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell FuelCell Energy stock?
"To sell or not to sell", if you are holding FuelCell Energy shares?. Trading strategies give us the ability us to avoid impulsive decisions based on our moods or the buzz that surrounds the market. When selling, as well as buying, detailed strategies are very easy to follow but are only valid for selling shares you already own, not for selling short $FCEL stock
As a golden rule, you should not keep an operation that generates greater losses than those expected by the time of the buy. When to sell shares always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell FuelCell Energy stock?
Currently, FuelCell Energy stock doesn't match any of our preferred sell setups, so if you hold FuelCell Energy stock and your operation is in profit probably is not time to sell now
FuelCell Energy ratings
In the last 30 days, 2 ratings were published for FuelCell Energy
|Jun 11th, 2021|
FuelCell Energy stock analysis
FuelCell Energy accumulates a selloff of -70.01% since its latest high last February at $29.44. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 3 consecutive lower tops.
Supports and resistances
The current resistances are:
The current support levels are:
Since the price surpassed the upper band on June 8, the price has corrected downwards by 30.03%
Relative strength index
The RSI broke out the oversold level of 30 in mid-May after just being in the oversold zone for 1 day (what can be considered a strength signal). The RSI reading on Monday was 42.97. Since that level was crossed up, FuelCell Energy stock exploded a 21.79%
FuelCell Energy stock price history
FuelCell Energy went public on Jun 25th, 1992 priced at $213.14 per share1. Since then, FCEL stock depreciated by -95.86%. If you had invested thousand dollars in FuelCell Energy stock on Jun 1992, it would worth $41.43 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for FuelCell Energy stock
Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.
The following table shows the price predictions posted by analysts over the last 30 days. If you are a small trader you don't have to invest based on these predictions.
Averaging all price targets exposed below, the forecasted price for FuelCell Energy stock is $9.50. FuelCell Energy closed at $8.83 on Monday, so the target price is forecasting a growth by 7.59%.
|Brokerage firm||Price target|
|Jun 11th, 2021|
|B. Riley||$11.00 → $10.00|
|Canaccord Genuity||$13.50 → $9.00|
Earnings and financials
Investors call was hosted by FuelCell Energy ($FCEL) on June 10 after presenting the financial report. FuelCell Energy presented earnings of $-0.06 per share compared to market estimate that was $-0.05.In comparison, the EPS for the same quarter last year was $-0.07, so current EPS is a gain of 14.29%. Revenue sank a -26.10% on an annualized basis in the , from $188.8M to $139.5M last quarter.
FuelCell Energy ($FCEL) posts Q3 financial report next September. Wall Street expects of $-0.05, compared to Q2 that was $-0.06.
FuelCell Energy performance
|FuelCell Energy ($FCEL)||3.80%||-40.10%||2.70%|
Disclaimer:The opinions contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the individual conditions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for informational reasons only
FuelCell Energy summary
|Monday, June 21st, 2021|
|Day range||$8.49 - $8.86|
|Average true range||$1.17|
|50d mov avg||$9.41|
|100d mov avg||$13.60|
|200d mov avg||$10.17|
|Earnings date||September 8th, 2021|