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American Superconductor Corporation Stock Forecast NASDAQ:AMSC

$12.91 (-2.79%)

Volume: 255k

Closed: Nov 29, 2021

Hollow Logo Score: -3.097

American Superconductor Corporation Stock Forecast

$12.91 (-2.79%)

Volume: 255k

Closed: Nov 29, 2021

Score Hollow Logo -3.097
Which way will AMSC go? Request
Key Stats
P/E Ratio -14.44
Beta 2.15
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 9 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Red day on Monday for American Superconductor Corporation
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-29

The American Superconductor Corporation stock price fell by -2.79% on the last day (Monday, 29th Nov 2021) from $13.28 to $12.91. and has now fallen 3 days in a row. During the day the stock fluctuated 5.55% from a day low at $12.80 to a day high of $13.51. The price has fallen in 8 of the last 10 days and is down by -19.51% for this period. Volume has increased on the last day by 131 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 255 thousand shares were bought and sold for approximately $3.29 million.

Given the current short-term trend, the stock is expected to rise 15.68% during the next 3 months and, with a 90% probability hold a price between $14.93 and $23.27 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. 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 $13.65 and $16.38. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 01, 2021, and so far it has fallen -33.07%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

American Superconductor Corporation finds support from accumulated volume at $12.88 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.71 between high and low, or 5.55%. For the last week, the stock has had a daily average volatility of 5.76%.

American Superconductor Corporation is oversold on RSI14 (9). 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 an negative evaluation for this stock. No stop-loss is set.

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: -3.097

Predicted Opening Price for American Superconductor Corporation of Tuesday, November 30, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 30, 2021 Current price
$13.07 $12.91 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

Roth Capital is very positive about AMSC and gave it a "Buy" rating on Feb 05, 2021. The price target was changed from $20.00 to $30.00.

Volatility and Risk
Daily Average Volatility: 5.76 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.76 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $13.99
Price: $12.91
Support: $12.88

AMSC Insider Trading Show all Trades

INSIDER POWER

3.020

Last 100 transactions
Buy: 1 429 435 | Sell: 473 363 (Shares)
Date Action Amount Person Type
Nov 02, 2021 Sell 259 Kosiba John W Jr Common Stock
Nov 02, 2021 Sell 6 983 Kosiba John W Jr Common Stock
Nov 01, 2021 Sell 7 241 Mcgahn Daniel P Common Stock
Nov 01, 2021 Sell 3 766 Kosiba John W Jr Common Stock
Aug 05, 2021 Buy 11 943 Kosiba John W Jr Common Stock
Show all Insider Trades
INSIDER POWER

3.020

Last 100 transactions
Buy: 1 429 435 | Sell: 473 363 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 13.78 6.76 %
13.51 4.66 %
13.34 3.37 %
Current price: 12.91
Support 12.80 -0.84 %
12.63 -2.13 %
12.36 -4.23 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 14.90 15.41 %
14.58 12.94 %
13.99 8.37 %
Current price 12.91
Support 12.88 -0.23%
12.34 -4.42%
0 .

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About American Superconductor Corporation

American Superconductor American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates through two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers. This segment’s design portfolio comprises a range... Read more

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