FFFuelCell Energy, Inc.
305.00USDD
0.000.00%
Last update at Jul 16, 18:00 GMT
USD
No tradesPre-market
FCELB trade ideas
FCEL - refueling or revertingHey investing neighbors,
Let us take a look at FCEL and figure out if now is a good time to bail, invest, speculate, or hedge current positions. Over the last several days FCEL has tested prior support levels all the way down to the 11.30s on the weekly time frame and tested upward resistance at about 15.58. That is one heck of a swing!
For long term investors, speculators, and interested parties the important support level is on the monthly time frame of 14.93 which FCEL punched through and has now retraced under at 14.35. That .60 level should give a good upward trajectory for a test higher and of course back to 15.58 and higher. FCEL should have made it back to the 16.80 level and since it did not it instantly tried to retest lower support/resistance on that monthly timeframe.
The over all sentiment seems to currently favor longs but they should be cautious and keep a tight eye on that monthly level of 14.93 and psychological upward levels of 14.50 and above. A break below 14 could signal trouble. FCEL still has plenty of a possibility higher especially considering that the Biden administration is pushing clean energy which FCEL should benefit.
It is also worth noting that FCEL has a tremendously forward 2021 picking up on 2020 momentum as a whole and despite a disappointing Q1 earnings coupled with a downward trend on the technology sector is making positive movements forward and should benefit from American clean energy initiatives.
It would be prudent to be cautious though that sentiment could turn negative and FCEL has a clear downward window back to 13.12 and then 11.30. For accumulating a position in FCEL could be beneficial on this price levels but there should be either a clear push back above the 14.93 level and a sustainable break through 15.58 or FCEL could easily retest lower support. Long term investing likely would be ideal for sustainable moves upward from current price levels.
For entertainment and education purposes only. Not financial advice. Want to comment? Reach me below or over on our new Reddit group /apesinvest
.
FCEL Q1 2021 earnings resultsFuelcell Energy (FCEL) reported a 1st Quarter January 2021 loss of $0.06 per share on revenue of $14.9 million. The consensus estimate was a loss of $0.04 per share on revenue of $22.1 million. Revenue fell 8.5% compared to the same quarter a year ago. Fuelcell Energy Inc is an integrated fuel cell company. The Company designs, manufactures, sells, installs, operates and services ultra-clean, highly efficient stationary fuel cell power plants for distributed power generation. After it's earnings miss sell off, FCEL bounced off the red 377ema on the 4hr chart, quarterly view.
breakout = $21.09
R3 = $20.29
R2 = $19.42
R1 = $18.45
pivot = $17.57
S1 = $16.58
S2 = $15.81
S3 = $14.93
breakdown = $14.14
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
Potential parabolic growth beyond the line of least resistance.Pleas see complete sector analysis below.
Here is an analysis on the hydrogen fuel cells, which is a part of Clean Energy campaign (solar, electric vehicles, hydrogen- this sector is encapsulated in etf- CNRG)... within this, solar and fuel cells are truly clean energy. Electric vehicles still run on electricity produced by coal. so the definition of clean energy is either carbon-neutral or negative. Nuclear should clearly qualify as is carbon neutral, but is not deemed clean. (sorry for this jargon... now to the point)... Fuel cells are considered a major future source of energy, with thousands of patents claimed every year. (search "Fuel-cell patent applications per year")
A new etf was launched in march 2021, to reflect the HYDROGEN energy sector, which essentially is largely fuel cells. See the HYDRO line in the chart.
In this chart you can see PLUG is a major player. the second largest players is FCELL.
PLUG uses very expensive catalysts to generate energy.. so their technology is not really commercialized.. major car companies have spend lots of time with them.
The chart compares FCELL vs SPY, the new HYDRO ETF, clean energy etf CNRG, and its peers in the sector PLUG and BLDP (not competition as they do not serve same markets). FCELL has outperformed all these benchmarks.
Issues with PLUG are not only linked with the technology, they had issues with accounting and reporting. got warnings. Ballard's tech is lagging.
FCEL did not have a favourable earnings quarter, but is positioned the best in this sector to deliver fastest growth. I believe the line of least resistance is $18.69, beyond which the volume profile is very thin. Stop loss at that point could very well be the current price of 15.47, with an expected return of 56%. See the long position plan.
___ not a financial advice____
Is FCEL a buy? March 19, 2021FCEL has had several days of bleeding that seems to have coincided with disappointing Q1 results and a fall on the Nasdaq and a brief rotation out of tech. On a positive note FCEL stopped its fall and is now trying to retrace to prior support at 14.93. The 14.52 price at 12:35 gives both bears and bulls an important psychological inflection point. Bears will want to push the stock back to 13.12. If FCEL either today (Friday) or Monday retraces the monthly resistance level of 14.93 then it will have no real resistance until 16.80 and 18.50. A long term play to that monthly level of 21.70 would be a great long target.
Not financial advice. For entertainment and educational purposes only.
Bearish on FCELI'm new to trading, so I've been reading a lot on Investopedia. I've also seen many bullish ideas on FCEL. But I'm just not seeing it. According to Investopedia, bearish flags tend to have even volume during the downtrend, and that's what I see here. Also, I see an increase in selling pressure in recent days, even when the price has gone up (not a good sign). I think that means this most recent increase is a bearish flag, not a trend reversal. If it was a trend reversal, wouldn't we see increased volume, too?
I think FCEL has MAYBE 2-3 days left of good days; then it's back down.
This is just my opinion and not trading advice.
Fuelcell Bullish, Bearish, or Boring?Well friends we've been wondering if Fuel Cell FCEL is net bullish or bearish over the last few weeks. Cases can be made for both positions. So it certainly isn't a boring stock!
Disappointing earnings caught investors by surprise and a nasty short term bear trend ensued after the recent bear run from FCEL's 2021 all time highs. First the good news. For long term investors buying long pretty much anytime after earnings were likely disappointed. It was good to see a close in the green today (March 17, 2021). Bears were making profit as FCEL started off two days in a row well below prior days close. So what does this mean? It means that the battle is on between bears and bulls was in their favor. it was definitely in the hands of the bears until Powell spoke but so was the entire market as it was predominantly waiting for direction. Tomorrows action particularly the first 30 minutes should give direction if a bullish 2nd wave has began or if this is a false break out and it returns to bearish direction.
FCEL definitely respected the monthly level and kept bouncing off of it. This rejection of definitively pushing below lower level of support shows a bullish direction and this recent bearish sentiment is merely an irrational sell off from Q4 earnings. This would likely also show that FCEL does not want in the near term to test again lower levels and instead wants to retest higher levels. After market and premarket action will be helpful in deciding if this is the case.
Bullish investors may want to note that it retraced in the last two hours of trading above yesterdays close in price action. Long term investors will want to see it not push below the downward monthly yellow level of 14.93 and to retest the upper levels . Short term possible profit targets could be the dull yellow daily resistance areas of 16.80 to 18.50 and the long term yellow levels of 21.70 to 29.79. Even if there is a short term bearish momentum, overall FCEL seems to be a long term bullish investment.
For entertainment and education purposes. Not invest advice.
