American Superconductor Corporation Stock Forecast
Green day on Friday for American Superconductor Corporation stock after gaining 0.395%
(Updated on Sep 22, 2023)
The American Superconductor Corporation stock price gained 0.395% on the last trading day (Friday, 22nd Sep 2023), rising from $7.59 to $7.62. During the last trading day the stock fluctuated 4.73% from a day low at $7.61 to a day high of $7.97. The price has been going up and down for this period, and there has been a -5.46% loss for the last 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 435 thousand shares were bought and sold for approximately $3.32 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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Given the current short-term trend, the stock is expected to rise 14.44% during the next 3 months and, with a 90% probability hold a price between $8.72 and $19.94 at the end of this 3-month period.
AMSC Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The American Superconductor Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.65 and $8.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, August 01, 2023, and so far it has fallen -52.76%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for American Superconductor Corporation stock
American Superconductor Corporation finds support from accumulated volume at $7.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.360 between high and low, or 4.73%. For the last week, the stock has had daily average volatility of 4.36%.
American Superconductor Corporation is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMSC) For The Upcoming Trading Day Of Monday 25th
For the upcoming trading day on Monday, 25th we expect American Superconductor Corporation to open at $7.73, and during the day (based on 14 day Average True Range), to move between $7.05 and $8.19, which gives a possible trading interval of +/-$0.566 (+/-7.43%) up or down from last closing price. If American Superconductor Corporation takes out the full calculated possible swing range there will be an estimated 14.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.61 (0.13%) than the resistance at $8.70 (14.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is American Superconductor Corporation stock A Buy?
The American Superconductor Corporation stock holds several negative signals and despite the positive trend, we believe American Superconductor Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.684 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for American Superconductor Corporation of Monday, September 25, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price September 25, 2023 | Current price |
|---|---|
| $7.73 | $7.62 (Undervalued) |
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Trading levels for AMSC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.09 | 6.21 % | |
| R2 | 7.96 | 4.41 % | ||
| R1 | 7.87 | 3.29 % | ||
| Current price: | 7.62 | |||
| Support | S1 | 7.60 | -0.317 % | |
| S2 | 7.51 | -1.43 % | ||
| S3 | 7.37 | -3.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.93 | 17.19 % | |
| R2 | 8.77 | 15.03 % | ||
| R1 | 8.70 | 14.17 % | ||
| Current price | 7.62 | |||
| Support | S1 | 7.61 | -0.131% | |
| S2 | 7.56 | -0.787% | ||
| S3 | 7.51 | -1.44% |
FAQ
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About American Superconductor Corporation
American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services. It provides ... AMSC Profile
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