Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>FCEL stock price struggles to break out of the 50-day EMA.</a> </li> 
 <li> <span>2</span> <a>FuelCell Energy stock price is stuck in the narrow range of consolidation.&nbsp;</a> </li> 
 <li> <span>3</span> <a>FCEL stock price is in a downtrend.</a> </li> 
</ul> 
<p>FCEL stock price faced rejection from the 50-day EMA hurdle and fell approximately 8% in a single day.&nbsp;</p> 
<p>FuelCell Energy stock price seems to be stuck in the tight range between $1.13 to $1.50. Buyers are trying to halt the downfall but the sellers look more aggressive. So, it will be difficult for the buyers to expand the range in an upward direction.&nbsp;</p> 
<p>FCEL stock price is in a strong downtrend and trading below the 50 and 200-day EMA. If any short-term pullback rally comes, then the possibility of sustaining the higher levels will remain low.&nbsp;</p> 
<p>The price pattern of the FCEL stock is bearish suggesting more downfall may come if it breaks the recent lows.&nbsp;</p> 
<p>FuelCell Energy stock displayed a double top pattern on the 1-day time frame chart. Sadly, in mid-August, the stock broke down the neckline support of $1.77 which hurt investors’ sentiment and invited further decline.&nbsp;</p> 
<p>The <a href="https://www.thecoinrepublic.com/2023/08/23/buyer-failed-to-catch-fcel-stock-price-tumbled-over-22/" target="_blank" rel="noreferrer noopener">FCEL </a>shares declined by forming lower low candles and eroded a big portion of market capitalization. The correction had taken a halt for some time near $1.13 and the price entered a consolidation. However, buyers tried to rebound but the price faced rejection.</p> 
<h2 class="wp-block-heading" id="strong-fcel-stock-price-to-recover-or-decline-more-strong"><strong>FCEL Stock Price to Recover or Decline More?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="678" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-574.png" alt="FCEL Stock Fell 8%; FuelCell Energy Stock Investors in Trouble" class="wp-image-176877" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-574.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-574-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-574-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-574-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-574-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-574-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-574-1140x483.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   NASDAQ: FCEL daily chart by <a href="https://www.tradingview.com/x/PtFPN0uz/">Tradingview</a>
  </figcaption>
 </figure>
</div> 
<p>FCEL stock price is in the bears’ grip and no strong signs of upside reversal are visible.&nbsp; The short sellers are highly active and seem like adding fresh shorts on every pullback.&nbsp;</p> 
<p>However, a heavy short buildup on FuelCell stock price will increase the risk of a squeeze. Till the <a href="https://www.thecoinrepublic.com/2023/08/23/buyer-failed-to-catch-fcel-stock-price-tumbled-over-22/" target="_blank" rel="noreferrer noopener">FCEL share price</a> is trading below $1.77, the bears will remain active.&nbsp;</p> 
<p>So, investors should avoid building up any long position until the stock breaks the $1.77 hurdle. However, if the buyers succeed in breaking the hurdle, then the stock might rally to $2.00 in a short span of time.</p> 
<h3 class="wp-block-heading" id="strong-fuelcell-energy-stock-price-displaying-bearish-pattern-strong"><strong>FuelCell Energy Stock Price Displaying Bearish Pattern</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_4b156"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": 950,
  "height": 500,
  "symbol": "NASDAQ:FCEL",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "container_id": "tradingview_4b156"
}
  );
  </script> 
</div>  
<p>FuelCell Energy stock price displays bearish patterns on daily, weekly, and monthly time frames. The long-term investors who invested their money in the higher levels are in loss and trouble continues.&nbsp;</p> 
<p>The bears look aggressive so if they succeed in dragging the price below $1.13, then the stock may test $1.00.&nbsp;</p> 
<p>The MACD curve slopes sideways and the histogram bar is mildly green. It indicates that the price may spend some more time in a range. The RSI is at 47 near the neutral zone but if the price declines further, then the RSI may also reverse downward.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>FCEL stock price is in a correction phase and the sellers look more aggressive as compared to buyers. The technical analysis of FuelCell Energy stock suggests the stock is in bears’ grip and more downside is possible.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li>Resistance levels: $1.77 and $2.51</li> 
 <li>Support levels: $1.13 and $0.90</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

FCEL Stock Fell 8%; FuelCell Energy Stock Investors in Trouble

Table of Contents

Thecoinrepublic.com

Other articles published on Oct 19, 2023

Ripple News: Linda Jones Foresees Bullish Future for XRP Amid Coinbase’s Futures Trading Inclusion

IT Spending Worldwide to Increase 8 Percent Next Year, Generative AI Lags Behind

IMF Managing Director Emphasizes Digitalization as Key to Financial Inclusion

Unveiling the Headless Horseman’s Origins: A Ghostly Message Questline in WoW Dragonflight

Altcoins Are in the Last Part of Bear Cycle: Michaël Van de Poppe

JPMorgan Reveals Its Forecast for Bitcoin Spot ETF Approval Date

Join our free newsletter for daily crypto updates!