FuelCell Energy (FCEL) is currently exhibiting bearish momentum, with the stock price nearing a 52-week low. The Relative Strength Index (RSI) is at 21.40, indicating oversold conditions, while the MACD is negative, suggesting continued selling pressure.
The Fibonacci levels suggest key support at $5.24 and resistance at $6.89. The stock is currently trading near the lower end of this range.
Recent news indicates significant challenges for FCEL, including missed revenue estimates and criticism of its business model. Analysts maintain a Hold rating with a price target of $9.28, but the stock is currently trading at a significant discount to this target.
Volume has been decreasing, indicating a lack of buying interest. This could signal a potential bottom, but without significant positive news, a rally is unlikely.
Based on the analysis, FCEL is expected to trade between $5.00 and $5.50 next week. While the oversold RSI may lead to a small bounce, the overall bearish trend suggests selling if the stock approaches the upper end of this range.
Recommendation: Sell FCEL if it reaches $5.50, as the bearish trend is likely to continue.
The price of FCEL is predicted to go up -3.57%, based on the high correlation periods with DRRX. The similarity of these two price pattern on the periods is 98.02%.
FCEL
DRRX
Year
FCEL Price Forecast($)
Potential Return(%)
2025
8.000
-26.270
2026
12.000
107.970
2027
10.710
85.620
2028
1.200
-79.200
2029
12.000
107.970
2030
15.000
159.970
B. Riley Securities
2025-03-12
Price Target
$12 → $9
Upside
+31.39%
Jefferies
2024-12-20
Price Target
$15 → $8.4
Downside
-19.39%
Wells Fargo
2024-11-13
Price Target
$30 → $5
Downside
-16.11%