FCEL - Almost Ready I believe we have one more leg down for a wave E unless FCEL can close a daily candle above $7.91.
Buyzone for me will be $6.48 - $6.89
0A60 trade ideas
$FCEL FuelCell Energy could be the play of the decade!!FuelCell has been making some major moves!
This could be the one!
"Beginning in 2012, FuelCell entered into a partnership with ExxonMobil, removing carbon dioxide from the exhaust of Exxon’s power plants and locking it in the ground through a process called carbon capture and sequestration (CCS). In 2019, the two companies expanded their joint-development agreement, with a focus on enhancing carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities.
In 2017 FuelCell entered an agreement with Toyota to develop a facility at Long Beach, California. The Tri-Gen system will convert California agricultural waste into 2.35 megawatts of electricity and 1.2 tons of hydrogen per day. The hydrogen will be used in Toyota Mirai sedans and heavy-duty trucks in short-distance fleets.
Also in 2017, FuelCell was tapped by the Office of Naval Research to provide assistance on the Large Displacement Unmanned Undersea Vehicle (LDUUV) program. The LDUUV is a large unmanned submersible with a planned 70 day plus endurance that would allow the LDUUV to be based at a pier like a traditional submarine instead of requiring a dedicated launch and recovery platform.
In 2018, FuelCell Energy earned a $1.5 million research grant from the U.S. Department of Energy (DOE) to develop the company’s fuelcell technology to aid the nuclear industry by converting excess power back into hydrogen. That same year, FuelCell began the construction of two plants in Hartford and New Britain as part of a clean energy procurement process for the Connecticut Department of Energy and Environmental Protection (DEEP).
In November 2018, FuelCell acquired a 14.9-MW fuel cell project in Bridgeport, Connecticut from Dominion Energy for $37 million. FuelCell had developed, built and been operating the plant since 2013. The plant is powered by five FuelCell stationary fuel cell power plants and an organic rankine turbine that converts heat from the fuel cells into additional electricity, which is sold to Connecticut Light & Power.
In 2019, FuelCell entered an agreement with Drax Power Station in the UK. FuelCell will support a study to evaluate the use of the company’s carbonate fuel cells to capture carbon dioxide emissions from Drax’s biomass boilers, which generate power with sustainable wood pellets sourced from responsibly managed forests.
In August 2019, Jason Few was named FuelCell’s new president and CEO. Prior to FuelCell, Few was president of cloud-based software waste and recycling optimization company Sustayn.
In May 2021, FuelCell Energy signed an $8 million contract with the DOE. The DOE program is focused on developing system approaches to achieving ultra-high electrical efficiency with solid oxide fuel cell (SOFC) technology. It will allow FuelCell to continue research and development toward commercialization of SOFC.
In June 2021, FuelCell completed construction on a biofuels fuel cell project with the city of San Bernardino Municipal Water Department (SBMWD). The SureSource 1500 plant treats the city’s anaerobic digester gas to produce electricity and thermal energy to support the county’s water reclamation plant. As part of the agreement, SBMWD purchases electricity from FuelCell Energy. "
FCEL pt 5.75Looks like FCEL is trying to fill the gap. LOOKS very weak. Hopefully soon il be bullish on it.
But for now I am still bearish.
PT should be near $5.75.LOOKS LIKE IT IS TRYING TO FILL THE GAP AND AGAIN DON'T WAIT FOR 5.75. BUT DON'T RISK AFTER 5.75.JUST GET OUT OF IT
FCEL could go to $6.15THIS IS NOT A FINANCIAL ADVISE.
For now it seems possible for FCEL to go @$6.15 but again THAT BLUE LINE HAS TO BE TESTED.
WAITING FOR THE TEST.
WILL POST A MESSAGE OR PROBABILY PUBLISH THE UPDATED IDEA.
FCEL IS SHOWING WEAKNESS-DAY/SWING THIS IS NOT A FINANCIAL ADVICE.
FCEL looks weak time to get out if you are DAY TRADER.
1ST PT-$6.70
FCEL FALLING WEDGEAfter a big move up in late 2020 we have been cooling off for awhile, believe shorts are covered and whales have started accumulating again. I see lots of people shorting the 5-6$ range which is not all in the red. This is good for those that know what will happen. The pattern i see on the daily as shown but also the weekly is a falling wedge which is a bullish pattern. The fact it is clear on the weekly gives me lots of confidence this pattern is real and will hit its measured move. I don't like targets because they are not to reliable but using the line tool, the measured move is right under the recent high while the measured move using % put its slightly above the resistance. The risk reward ratio is good for me. Also their is a triple bullish divergence on the daily which is usually a very bullish sign. Some may say its a quadruple but I don't believe we moved down enough that first wave so I count it as a triple but still! I love that we had good news on mainstream news the other day, but does worry me because we all know what CNN and MSNBC do to retail investors. Lastly this is not financial advice and let me know what you think.
FCEL to 7.50 againWeekly MACD has been slowly trending towards a flip to green. HEAVY volume the past 2 days. Prices could be bottoming out in these areas.
NEW POSITION $FCEL Target 12.63 for 78.9% NEW POSITION $FCEL Target 12.63 for 78.9%
Or next add at 5.29
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.)
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
FCEL- Buy LongEPS improved to $(0.04) from $(0.07) in 3Q20, beating the consensus of $(0.05).
In addition, a bullish divergence has formed.
ST- $5.6
Target $15
Buy $FCEL - NRPicks 06 AgoFuelCell Energy, Inc. designs, manufactures, sells, installs, operates and services stationary fuel cell power plants for distributed baseload power generation. The company operates in the United States, South Korea, England, Germany and Switzerland.
FCEL reported better than expected earnings$FCEL was a great day trade after in announced better than expected earnings. We engaged this name around 6,50 for a nice gain so far. Next big resistance around $8
midterm +11,000% the best energy stock (LOOK AT ENERGY STOCKS)FuelCell Energy, Inc. is an American fuel cell power company. It designs, manufactures, operates and services Direct Fuel Cell power plants that run on natural gas and biogas.
energy stocks are gearing up for a big move
Bullish Breakout? The descending wedge appears to be leading to a break to the upside for this stock that has been beat down over the last few months. The 9 is soon to cross the 20 on the daily candle chart if price action continues. Or this could be a fake out and dump to the downside ha. Thoughts? Coming into earnings this might be an unnecessarily risky play or a play of genius. PLUG - the sympathy stock just recieved and upgrade from analysts to PT$34 - will it follow if PLUG trends back up?
FCEL Pt 6In part 5 I noted how I thought it was suspicious how retail heavy stocks were all suddenly trending up but to drive that point home look at FCEL, SOFI, NNDM, IDEX 15m time mark and you'll see a upward trend begin after august 20 (last Friday). Super Sus imo.
On to the matters at hand, as found in an article from investor place, "High valuations and a relative lack of catalyst have been the main culprits," in why they suspect FCEL hasn't been getting the attention it needs.
The main reason this is a long play is because the global economy is shifting to renewable energy vehicles one, and many investors (myself included) hopes to see this return to the pre Feb 8th highs of $28 give or take.
Two key catalysts the article covered
-upcoming infrastructure bill (Oct. 1st)
-China move into the hydrogen space
Personally, for the time being there is only one true catalyst and that is the infrastructure bill. Granted China as powerful as they claim to be has been on bs all year from the bitcoin crashing to the dictator like control of wealth hindering the likes of BABA and NIO. So, imo if China enters the space soon, yes it may push investors more into established American based stocks but too unpredictable for my liking.
Concerning TA
both the 1h and 15m times look sketch we've broke the suspicious bull trend line discussed above and are fighting to regain directional strength. as the days get closer to October 1st we may see a buy the news sell of anticipating a spike after the bill passing (Hopefully).
TITLE TO ARTICLE: Fuel Cell Stocks: Why BLDP, PLUG, FCEL Stocks Are Getting Green Today
If this helps you let me know, I'll add Fundamentals to my TA.
Descending Wedge IdeaGoing back to May 2021 - a descending wedge has almost completed and this will be a decision point for the stock. This could break down trend and push back to volume profiles between 10 and 12 or push to previous trading lows of a year ago. I am bullish on this stock, however, with a lot riding on the green position of the current US Administration, if the infrastructure bill comes under scrutiny this could be an uphill fight for FCEL. Nevertheless, I am bullish on this stock and the future looks bright in the short term even if it slides down into earning in early September.
FCEL Follow up pt5I'd like to start with my opinion first, I'm a bit suspicious of the sudden price surge across the board. Granted Monday and Tuesday are usually bull days; however, to go from a 3% to 5% drop from the strongest of tickers too green with little to no positive catalyst is odd.
Update;
The gap noted in previous charts has filled, but as I type this (12:30est) we've dropped below the price SMA.
One factor working with us is that we do have directional strength back on our side. WITH A BARCODE PATTERN
both statements apply for the 15 minute time period.
for the long run (1h and Day time frames) directional strength is a long way to go, price strength is attainable but we constantly cross both sides.
I'm aware of the FEDS talking toward the end of the week so this could either go from good to scary or the opposite so I'd wait.
FCEL pt4First the factors against us
-Weak price strength based on 9 day SMA
-WEAK price direction based on 180 day SMA
-DOWNward tend line
So other than another shaky day in the overall market I think FCEL is consolidating to fill an old gap between 6.15 and 5.80. The lowest we've seen in the today (8/16/21) @ 5.94 then regaining some strength and holding support at 6.08.
in all consider if the ads are in you favor before jumping in even though up side is massive how long are you willing to hold... Best
Fuelcell Energy Analysis 17.08.2021Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of them.
P.S. Tell me which asset you want me to break down next and I will cover it in my next analysis
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