Get started

FCEL

Room for Downward Retracement after EarningsFCEL saw impressive growth from the beginning of November, and very briefly tested a previous support/resistance zone (from 2017). I'm skeptical as to how much further upside potential exists with FCEL in the short-term. I actually found a really interesting article written in December which analyzed FCEL's profitability in comparison to it's recent price movement. (Hake, Mark R. "Fuelcell Energy May Never Be Profitable, But It's Stock is Still Up Big.") -Feel free to Google that title- In it, the following excerpt was used from FCEL's 10-Q SEC filing (for the period ending July 31, 2020.) “…We have not been profitable since our year ended October 31, 1997. We expect to continue to incur net losses and generate negative cash flows until we can produce sufficient revenues and margins to cover our costs. We may never become profitable. Even if we do achieve profitability, we may be unable to sustain or increase our profitability in the future.”(Hake, Mark R. "Fuelcell Energy May Never Be Profitable, But It's Stock is Still Up Big.") While PLUG has released important news recently regarding it's partnership with Renault and the $1.5 billion deal with the SK Group, FCEL's price seems to have been stimulated by speculation about the renewable energy sector. Additionally, JP Morgan downgraded FCEL, reasoning that the stock is currently overpriced. With earnings happening tomorrow, I am expecting that price action will descend down towards the 50EMA / .382 retracement ($ 13.50)(Shown on the chart are Fibonacci retracement levels from the first week of November). Alternatively, if price can continue higher, there is still the support/resistance zone near $20 which could prove to be an important resistance zone. Comments are always welcomed!
NASDAQ:FCELShort
by jhiggins5
5
Targeting FCEL Entry: Head & Shoulders Completion$FCEL Has had a rough last few days in the market. It could complete a head and shoulders formation in the chart with a retrace to the region highlighted @ 15.95 per share. That is the targeted entry point; reversal would put the high entry more at 17.1, which it just tested and found very little support. FCEL is currently sub-17, but the ideal entry happens just under 16; for this trader, anyway. Now, we wait. If you dig into this trader's folder, you will find 11 ideas chronicling FCEL before its tremendous breakout. Not enough patience was exercised, and it was cut loose around $2.72 per share. That, now, seems comical: BUT THERE IS POTENTIAL FOR MAJOR GROWTH HERE. This is a form of technology that needs some ironing out, but the potential is great enough to justify FCEL's meteoric rise the past several months. Happy times and green acres for all? -BDR Post Note: I have attached several of my first looks at FCEL. It fulfilled every dream, but it just took so long and was so resistant to doing it....that the profit was sheerly missed...the first time around?!
NASDAQ:FCEL
by BDRTrigger33
3
MY TOP 10 ANALYSIS IN THE LAST 3 MONTHS VS SPX,NDX,DJII would like to invite my followers and all other users on Tradingview who did a trade base on my analysis in the last 3 months to write a comment about their experience. While major 3 indexes gained 7.5 to 12.5 % in the last 3 months, I had two 4 digits, many 3 digits, and lots of + 50% analysis. Keep it on your mind that I made the call to buy: MARA @ 2.37 RIOT @ 3.43 BNGO @ 0.54 CHEK @ 0.36 CAN @ 2.60 PLUG @ 15.47 IDEX @ 1.54 GEVO @ 3.70 SYN @ 0.38 FCEL @ 5.36 Please write what you think in the comment.
SP:SPXLong
by Moshkelgosha
16
FCEL LONGSeems like an incredible investment, the stock shows signs of high instructional interest, with a confirmed trend reversal to the upside. Company description FuelCell Energy, Inc. is a fuel cell power company. It designs, manufactures, operates, and services Direct Fuel Cell power plants that run on natural gas and biogas. As the biggest publicly traded fuel-cell manufacturer in the U.S., the company operates over 50 plants all over the world. Wikipedia Current events at play The stars are perfectly aligning for hydrogen fuel cell company FuelCell Energy (NASDAQ:FCEL). Renewable energy has been one of the strongest performing sectors in the market this year.
NASDAQ:FCELLong
by wulrahmah
FCEL: Trading near a Key Point!Hello traders and investors! Let’s take a look at FCEL today! This one is quite popular now, and it dropped a lot today. So, let’s see what’s going on here. First, in the hourly chart FCEL just did what several other stocks and indices are doing today: Reached a previous support level . In this case, the purple line at $ 6.59 is the most important support to keep in mind here . If FCEL loses this support it could seek for the green line at $ 5.00, or even the $ 3.45. But keep in mind that support levels are buy zones, as the Risk/Reward ratio improves dramatically near these levels. Now, let’s look the daily chart: Yes, it is dropping 16% right now, but we have a bullish candlestick in a support area, which is a good sign. I would be happier if FCEL hits the 21 ema, but we can’t count on that. The volume is very high, and since it peaked (along with the price) on Nov 24, it is decreasing a little. This tells me that what we have here is just an exhaustion, rather than a real sell-off , and this means that this is just a pullback, not a reversal sign. Usually, pullbacks are opportunities to buy, and if FCEL continues behaving this way, it’ll be a great sign for the stock. And if you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support this idea! Thank you very much. Stay safe.
NASDAQ:FCEL
by Nathan_The_Finance_Hydra
10