Home
News
- Fcel stock price has been gaining from last week and has gained 9.20% by the opening of Monday’s trading session.
- Fcel share price has recovered above 20, 50 and 100-days Daily Moving Average while preparing for 200-days DMA.
- A publicly traded fuel cell business with its headquarters in Danbury, Connecticut is called FuelCell Energy, Inc.
FuelCell Energy Inc (FCEL) stock price has been preferred by analysts as FCEL stock price has soared around 9.20%. Fcel share price has been trading with strong uptrend momentum over the daily time frame chart. Fcel stocks (NASDAQ: FCEL) stock price has opened up Monday’s trading session with a greater recovery over the daily time frame chart. FCEL shares must maintain the current uptrend momentum of the stock price for its maximum recovery.
Fcel stock price was at $3.64 and has gained $9.20 of its market capitalization by the opening of Monday’s trading session. However, trading volume is still below average and under the influence of sellers.
Fcel stock price has recovered itself above the 20, 50 and 100-days Daily Moving Average. FCEL share price must accumulate more buyers to avoid falling from the distribution phase. Fcel share price must recover itself above $4.00 to sustain in the distribution phase. However, sellers are trying to raid FCEL share prices by shorting the market for FCEL shares.
Will FCEL Stock Price Sustain above $3.75?
Technical indicators suggest strong uptrend momentum of Fcel stock price. Relative Strength Index confirms the uptrend momentum of FCEL share price. RSI is at 63 and is heading towards the overbought territory. MACD exhibits the upside momentum of FCEL Shares. The MACD line is above the signal line after a positive crossover.
Summary
FuelCell Energy Inc (FCEL) stock price has been preferred by analysts as FCEL share price has soared around 9.20%. Fcel share price has been trading with strong uptrend momentum over the daily time frame chart. Technical indicators suggest strong uptrend momentum of Fcel share price.
Technical Levels
Support Levels: $3.10 and $2.60
Resistance Levels: $4.00 and $4.50
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
