FuelCell Energy Technical Analysis (NASDAQ:FCEL)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the FuelCell Energy stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the FCEL stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for FuelCell Energy. The technical analysis form of FuelCell Energy stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
FuelCell Energy Moving Average
Moving averages show the average price of FCEL stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $1.21 is above the price of $1.12.
FuelCell Energy Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the FCEL stock. Currently the stock price of $1.12 is in the lower range of FuelCell Energy bollinger bands.
FuelCell Energy Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The FuelCell Energy MACD line is above the signal line.
FuelCell Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 38.16 is the RSI value of FCEL stock.