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I'll admit I was surprised by todays up day from FCEL. I fully expected the opposite but the buying came in both in the early hour and at the end .
This has not been the case for as long as I've followed the stock.
With Buying thrust outweighing selling pressure, it could well mean another attempt to go higher next week.
A case for the Bulls can be made. A base has formed near the bottom. It's been tested 3x successfully and the pattern of slightly higher lows and slightly higher highs is shown on a 2 month chart from that 52 week low.
So much "NEWS". So little effect!
Bearville returns as the stock solidly break key $1.25 support after breakind $1.30 yesterday.
Could FCEL be the culprit, selling to raise the cash it'll need ?
Hogwash diverts to Plugs problems as if it was the reason for FCEL's huge 2 day giveback.
Even if there was a scintila of truth to that, does he not know the froup acts in marchstep. FCEL has never shown it can stand out from the others. Don't expect that to change.
Maybe FCEL thinks its a good tme to sell p/o that 500 mil shares Longs voted for.
Wow! It broke below $1.25 like a knife through butter.
If it closes below, all bets on a move higher are off.
The answer lies in the record and results. I'd say lobster .
What would you say? Look closely at Hogwashes calls for 2 years and the results.
How quickly Hogwash dismisses the influences on price.
Neglecting that its 'tis the season to take tax losses adds to the pressure.
And he overlooks the 500,000,000 shares FCEL nNEEDS to distribute from time to time probably whenever there's a chance. The irony here is FCEL itself,becomes a BEAR as they sell into the market.
Instead he diverts to PLUG and talks about January now.
Doesn't he remember what he told us would occur in Oct. and November....that didn't occur at all.
Message to Hogwash- Keep the comedy comin.
I view the pullback as within a normal consolidation after a rather unusual move from a low base occurred.
Current support is about $1.30 . More formidable support at $1.25 as the chart will show,
This consolidation is not unusual and doesn't disturb the short term uptrend pattern that was formed. After the stock digests its gains, I'd expect a resumption to the underside of $1.50 or between $1.45 and $1.50.
A break below $1.25 would change my view.
$1.50 is the best outcome to expect. At that point, sellers should and will come in, as will shorts.
Don't lose sight that this is a technical move only and the fundamentals are still what they were. there's absolutely nothing to support a long term change in trend.
I reiterate; $1.45- $1.50 That area is formidable resistance ..
Investors will see it either from here or after a little consolidation.
The investors that made money are only those who sold on the way down from the $29 break. Those that lost or given back their profits are those who took the wrong advice ,ignored technicals and dismissed fundamentals.
Its pretty clear where that came from.
Get a grip om how markets work and try understanding technicals.
Therein lies your answer.
The stock has technical merits.
1) A base was formed when it hit the $1.00 low. It tested it 3X successfully.
2) Slightly higher lows andslightly higher highs as it moved laterally.
3) It pierced 3 resistance levels ie $1.25, $1.30, and looking to pierce the $1.34-$1.35 price.
The stock has been beatendown for 2 years. It deserves a small recovery.
The group has been given some attention now as they've all been Oversold.
The market is showing some respect toward the group ... as markets will in beaten down stocks/groups.
No NEWS is needed to give the group a reprieve.
The absent fundamentals is not playing a role in the bounce.. Not needed to rally a stock.
Next stop looks like $1.45-$1.50 with or without some consoldation.
Technicals continue to improve. Fundamentals remain lacking.
Constant rehashing of old news that investors know already hasn't moved the needle one iota. In fact thiese posts served only to show that years from now hydrogen will/may play a leading role in cleaning up the environment.
Investors want to hear about NOW not 10-29-30 years from now.
Since there's no NOW There's no expectation of rewards.
Can the promoters come up with something investors can take to the bank?
DD PLEASE !
So true! Their rhetoric belies their behavior.
So is the case with FCEL as Exxon talks the talk but doesn't walk the walk.
Besides. if Fcel had proven their experiment by now, wouldn't one or the other announced it.
Carry on FCEL; another extension is waiting for you.
Old news rehashed. Furthermore a "memorandum of understanding" is just that. It adds nothing to revenues now or in the intermediate term.
The technicals are shaping up nicely. The close at $1.32 should carry it to $1.35 with an overshoot to $1.45 possible.
The 50 MA is positive on a 1 yr chart.
The 100 day MA is just slightly above the positive line...on a 3 mo chart
The 200 day MA which would chgange the Long Term to positive is at $2.00
The stock is at the high point of OVERBOUGHT so a small consolidation digesting gains would be positive and welcome. ........more so if even it carries to $1.35.
I wouldn't get exuberant and start dancing in the streets as HOGWASH will be suggesting.
The fundies are still the fundies and the company has many millions to sell into the market .
He can't defend his record. His credibility is zilch.
.
Classic case of a delusionary mind. He actually believes what he says. This happens through constant repetition of the same thought. One then believes them tbe so.
Therapy is the solution.
Indicators:
Still below the 100 day MA
MACD- ( Moving Average Convergance Divergance )- at the neutral line
Bollinger Bands- at the upper end of the band
O/B O/S indicator- The stock is Overbought
Money Flow- More coming out then Moving in- Negative
Conclusion- A pause is more likely than not and $1.25 is support ; $1.30 resistance.
More at days end!
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=fcel&time=8&startdate=1%2F4%2F1999&enddate=12%2F1%2F2023&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=100&uf=8&lf=4&lf2=512&lf3=256&type=2&style=320&size=2&x=46&y=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=10
The $1.25 has been pierced solidly. The $1.30level is the next resistance and its there.
As I said in an earlier post, the hydrogen group is getting some respect. BE and FCEL are up as well.
I'll be examining the technicals and the charts to see all the indicators shortly or at days end.
A pause shouldn't be ruled out around these levels.
Don't lose sight of the fundamentals. Therein lies the barrier for a big rise.
Bringing the fundies into the story, I don't believe this stock moves above the avg/px tgt of $1.69 on any continuation of px appreciation.
The company will be selling shares into it to raise their required cash.
There is more evidence that the group is beginning to outperform the broad market. Bloom is moving higher almost on a daily basis and lowly Plug is moving ever so slightly.
The direction of the broad market is haavng less influence on the alt energy group,particlarly those involved in hydrogen.
FCEL ismaking headway as it chews away the $1.25 resistance and looks like it'll
break through. When it does it faces $1.30 +/-where resistance has shown by a 3 month chart.
I'd say there's a good chance it'll take the $1.25 resistance out soon and quickly challenge $1.30.
13.5 trillion is "needed" by2050 to achieve carbon neutral future.
Note- "Needed" does not mean achieved.
And that's 27 years from now.
Note- The reply post says 11trillion by 2030.
Nowhere in the article referenced does it mention that number or that date.
It distorts the facts by that assumption and exaggerated reply.
3 times a charm. Stock look ready to pierce the $1.25 resistance. Next stop $1.30 !
Showing signs of getting a little respect as Sellers couldn't take it down today.
The good news is they're expanding their partnerships with companies, and agencies. This shows a growing confidence in their product.
The bad news is much of it is futuristic before revenues increase as a result. Even an increase in revenues can't possibly offset incurred expenses , ongoing dilution, and servicing of debt.
While the expanding partnerships may add to sh/px marginally , its valur will onlybe improved to a respectable evel when they demonstrate they can when revenues grow dramatically and overcome the above listed headwinds .
If the stock does move up marginally its because its been pounded so much over the last 2 years, some will view it as Oversold with some growth in investor confidence.
This doesn't change the fundamentals at all.
CLARITY REQUIRED
Jumping the gun.
1st- being "needed" is not assured it will happen.
2nd - 2050 is 26 years away
IBM and FCEL collaborate to use AI in fuel cells.
Putting all the news releases over the last month together collectively, it may be sufficient to support the base and give the stock a lift from here or nearer $1.00. There's some support at $1.05 -$1.06 but the strong support is at $1.00+/-.
All of this news is not a plus changing near or intermediate fundamentals but they do show collectively a confidence that the company is making progress .
Lets see how the market views it.
No matter; even a rise in the sh/px won't take it to big gains. There's much to overcome before fundamental and technical changes occur.
He's lost any credibility that comes with being right.
DELUSION has taken hold.
A delusionary is one that states the same non-truth over and over again that he then actually believes them.
Poor soul needs therapy.
I did say $1.10 provides a little support. Here we are at $1.12.
Looks more like $1.00 is possible. That's where critical support lies.
He can block the posts that disagree, but can't block the market, the technicals, the fundamentals, and the analysts. Tomorrows promises don't register with any of that.
As the saying goes, " You can run but you can't hide".
You'll notice on "Hogwashes reply he has blocked all posters who provide accurate information in disagreement with his promotional non-sense.
Further notice his performance after doing so. He's posted over 10,500 posts in an effort to coax investors into buying the stock. From the time I read them at $29, 2 years ago, the stock continued to decline to its present value of $1.18.
So anyone reading his thousands of post making claims, assumptions, assertions and predictions should know the value of his information.
It all goes to CREDIBILITY of which he has ZILCH.
The dwindling # of followers of his so-called DD and incomplete research must know not to take any of it seriously.
Your message is quite telling re the debt. The financials and the fundamentals resulting are never discussed in his posts Conveniently he omits that important information in his messages. That lack of thoroughness should be told.
You and others brings it to light. Keep letting the board know your findings as they wil help others in their decision making.
And the servicing of it suggests selling shares.
Might be a good deal at $1.50 - $2.00.
Then again, who'd want to Buy Losses.
Even if NS stops nothing will change the ongoing losses and fundamentals. Thus one way or the other the stock will remain on its back.
If anyone writes to mgmt, they should ask them when they'll stop bleeding shareholders out of their money. The question is -When will they turn a profit?
Based upon Fintel Institutional Ownership, the & owned is 45.2% downslightly from 47.5% .The chart in prior post shows the relationship between sh/px and % institutional ownership.
The more they owned , the more the px dropped. What a record!!!
After reading that Instiutional Interest is now 47.9%, make certain to scroll down to some of the financials stats and the Analysts changes in ratings.
After that, put the institutional interest up against their performance. It kinda paints a different picture and has for th last 2 years.
The px of oil continues to drop as OPEC delays production cuts meeting.
What does that mean for the competitive cost of producing hydrogen and thus the solid oxide electrolizer cell which produces it?
In the final analysis isn't it all about money and the competitive cost ?
I'll answer that. All the NEWS that was expected to lift the stock is futuristic possibilities in terms of its effect. The market pays close attention to the here and now as well as the intermediate term expectations. They see little positive change in the losses that will occur during the near and intermediate term.
Don't be surprised by the lack of possible reaction to that NEWS. None of it changes the fundamentals. Thus the stock continues within its downtrend.
You'd be better served if you dismissed the excuses, paid more attention to what the market and analysts expect and review the quarterly statements.
What you apparently are following has had no effect on the markets reaction to the stock for over 2 Years. In of itself they've proven to have NO credibility.
It's all HOGWASH! THAT'S WHY !
As I expected from my post yesterday, the inability to pierce $1.25 after 3 failed attempts left Buyers to give up trying. They stepped aside and left the stock with no buying effort.
Notice that no savvy investor give any weight to the several so- called NEWS releases of the last 2 months. Rather they continued to pay attention to the current and anticipated poor fundamentals.
Today the stock tried another attempt to reach and pierce $1.25. It couldn't get to it and began its retreat from $1.23. As I said, the more the stock fails in its attempts, the greater the likelihood it falls to lower level. Stronger resistance at $1.25 has developed making it even more difficult to pierce in the future .
To reiterate, $1.05 -$1.06 appears like a likely next support once it breaks down from $1.10 which is weak support.
$1.00 will be the ultimate downward leg.
Plugs news is devastating to Plug. Both Plug and FCEL have horrible fundamentals and both are not expected to improve.
Its HOGWASH when LONGS pays no attention to them and instead follow promotional statements that have no relevance to the current prospects. The reaction to all those links and all that " NEWS" proves how the market values it.
Excuses can be made. They always are. But the facts remain. No FUNDAMENTALS, POOR TECHNICALS, PROFESSIONAL TRUSTED RESEARCH.
When the followers detach from the HOGWASH , and open their eyes to the facts, they'll see what happened and why.
Longs can't block the market. Although I'm sure they wish they could.
Looks like it's heading for $1.10. Bulls have just about given up trying to pierce $1.25 resistance after 3 failed attempts.
Possible test of $1.00 if no support found at $1.10.
The coming of the hydrogen age with all those links daily has been falling on deaf ears. The market is unwilling to buy on something years away . And whose to say whether FCEL benefits meaningfully anyway.
Charts tell all. Fundamentals nowhere to be found.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=fcel&insttype=&freq=&show=
My post yesterday is below. It's worth reminding how valuables technicals can be.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173265987
3rd failed attempt to close above $1.25. Even so,$1.30 , $1.35. and the impenetrable $1.45- $1.50 area is solidly stacked to prevent it going higher.
Continuing to be turned back increases the chance that it'll give up trying and return to lower prices.
All the links and all the NO NEWS NEWS and all the promotional statements just won't put Humpty Dumpty together again.
It takes fundamentals or at least the belief that they're coming.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=fcel&insttype=&freq=1&show=&time=6