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Information on these pages contains forward-looking statements that involve risks and uncertainties. RSI and MACD bot confirm the weakening trend. This is a small crumb of comfort but a break of this support would lead to fresh losses with sub $5 likely targetted. The daily chart shows a strong negative trend but the close yesterday at $5.87 is just on support from the last low of $5.86 back in October. The first resistance would be a close above $6.58, which is probably the short term pivot. Earnings would need to be extremely surprising to turn this around. A potential good news story resulting in a weak rally and strong reactionary selling. The news of the agreement with Posco Energy initially saw some enthusiasm before this was completely overcome with selling pressure. FuelCell Energy (FCEL) stock forecastĪ powerful and steady downtrend at play here for some time. Revenue has been steadily growing but earnings have been volatile. Revenue for the previous quarter came in at $26 million so the bar has been set low in terms of expectations. Earnings per share (EPS) are expected to show a loss of $0.04 on revenue of $21.86 million. FuelCell (FCEL) is expected to release results just before the opening on Wednesday.
Tcel stock price driver#
This is a retail-driven stock so momentum is the key driver of price performance.
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Earnings today take on greater than ever importance as the stock reels from a total lack of momentum. Tuesday saw more losses with FCEL shares closing nearly 7% lower at $5.87. The stock was up nearly 3% but failed to hold those gains on Monday. The shares did rally but momentum could not be sustained and the shares eventually finished Monday at $6.30 for a loss of 2.48%.
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