Million

Resistance

Simply

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>FCEL stock price decreased by 7.53% over the past week and the current price is below major EMAs.</a> </li> 
 <li> <span>2</span> <a>FuelCell Energy Inc. (NASDAQ: FCEL) stock’s 52-week price range is $1 – $5.</a> </li> 
</ul> 
<p>FuelCell Energy Inc. has a debt-to-equity ratio of 15.5%, as reported by Simply Wall St. This implies that it has less debt than equity, which is the difference between its total assets and total liabilities. FuelCell’s debt is $118.87 Million while its equity is $767.85 Million.</p> 
<p>FuelCell experienced a decline in its earnings at a rate of 11.3% per year on average, according to Simply Wall St., a financial website. The electrical industry’s average annual earnings growth is 10.6%. Therefore, FCEL’s earnings are lower than the industry average.</p> 
<p>The FuelCell stock recently publicized its July earnings report on September 11, 2023. The reported earnings gave a positive surprise by 22.12% from the estimated earnings. Moreover, the reported revenue missed the estimated revenue by 7.85%.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-fcel-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of FCEL Stock Price in 1-D Timeframe</strong></h2> 
<p>The price action shows that FuelCell Energy Inc. (NASDAQ: FCEL) stock price took major resistance at $4 and has been on a declining trend for the last three months, decreasing by 55.74% making lower highs and lows.&nbsp;</p> 
<p>At the time of writing, FCEL stock is trading at $1.35 and facing the nearest resistance around $1.50, and the price is moving in a downward trend and following a downward trendline and declining with it. Since earnings were declared but no activity in price happened yet, a pending move is expected soon.</p> 
<p>Therefore, if the FCEL price fails to sustain the current level and drops, it might hit the nearest support levels of $1 and $0.50.</p> 
<p>However, if it maintains the current level, the FCEL price could continue to move upward and reach the first and second resistances of $1.5 and $2.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="566" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-338-1024x566.png" alt="" class="wp-image-167535" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-338-1024x566.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-338-300x166.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-338-768x424.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-338-750x414.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-338-1140x630.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-338.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: FCEL.1D.NASDAQ by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, FuelCell Energy Inc. (NASDAQ: FCEL) is trading below the major 20 and 50-day EMA (exponential moving averages), which rejects the FCEL price trend and shows a bearishness overview over the daily time frame chart.</p> 
<p>The current value of RSI is 32.55 points. The 14 SMA is above the median line at 30.15 points which indicates that the <a href="https://www.thecoinrepublic.com/2023/08/23/buyer-failed-to-catch-fcel-stock-price-tumbled-over-22/" target="_blank" rel="noopener noreferrer nofollow">FuelCell stock</a> is in a bearish territory.</p> 
<p>The MACD line at 0.1374 and signal line at 0.1559 are below the zero line and both lines have narrowed towards each other and the gap is very lean; indicating consolidation to bearishness.</p> 
<p>Collectively, examining the stock with the above indicators indicates neutrality to bearishness in the FCEL stock.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>FuelCell Energy Inc. (NASDAQ: FCEL) indicates that the traders and investors of the stock price are neutral to bearish on the 1-D time frame. The price action shows a bearish outlook at the time of publishing. The technical analysis tools such as MACD, RSI, and EMA also support neutrality to bearishness for FuelCell stock price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels</strong>: $1 and $0.50</li> 
 <li><strong>Resistance levels:</strong> $1.5 and $2</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

FuelCell Price Forecast: Can (NASDAQ: FCEL) Boost Upward For $10?

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