US Stocks · Sell Signal
FuelCell Energy gains 1.6%: the 20-day moving average bounce doesn't stop the sell signal
US Stocks · Sell Signal
Our view last week
FuelCell Energy's sell signal is going through its confirmation week right now, and it closes on the opposite note from what was expected: the stock gains 14.9% and rebounds off the double bottom in the 16 area. The second week therefore says to exit the position. The stock stays inside a decline losing steam, with signal strength down to 34 out of 100. In this technical analysis, the stock slips to 79th among the 141 US sell signals.
This week's summary
FuelCell Energy closes the week up 1.6%, helped by a bounce off the 20-day moving average, but the technical picture stays shaky: sellers still dominate trading, though less forcefully, and the distribution phase remains pronounced. The signal's second week had already closed higher, an exit signal; this week the decline's strength drops to just 2 out of 100, a sign the move is nearly spent. The stock slips further in the ranking, to 114th among US sell signals.
IQS Phase
48
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#114 / 138
US stocks sell signals
Trade P&L %
-16.84%
from signal to date, no stop loss
Rank position
ranks 114th among the 138 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
FCEL belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
restricted Platinum content