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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMSC
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Red day on Thursday for American Superconductor Corporation stock after losing 2.70%
(Updated on Jun 20, 2024)

Buy or Hold candidate since May 02, 2024 Gain 88.61% PDF

The American Superconductor Corporation stock price fell by -2.70% on the last day (Thursday, 20th Jun 2024) from $25.18 to $24.50. During the last trading day the stock fluctuated 4.92% from a day low at $24.18 to a day high of $25.37. The price has fallen in 6 of the last 10 days but is still up by 9.62% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -210 thousand shares and in total, 839 thousand shares were bought and sold for approximately $20.56 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 76.87% during the next 3 months and, with a 90% probability hold a price between $32.17 and $47.93 at the end of this 3-month period.

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AMSC Signals & Forecast

The American Superconductor Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $24.64. On a fall, the stock will find some support from the long-term average at approximately $17.84. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -6.99%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for American Superconductor Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $22.35 and $20.77. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, American Superconductor Corporation finds support just below today's level at $22.35. If this is broken, then the next support from accumulated volume will be at $20.77 and $19.18.

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 $1.19 between high and low, or 4.92%. For the last week, the stock has had daily average volatility of 7.80%.

Our recommended stop-loss: $23.16 (-5.46%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 42 days ago.)

Trading Expectations (AMSC) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect American Superconductor Corporation to open at $24.68, and during the day (based on 14 day Average True Range), to move between $23.05 and $25.95, which gives a possible trading interval of +/-$1.45 (+/-5.91%) up or down from last closing price. If American Superconductor Corporation takes out the full calculated possible swing range there will be an estimated 11.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.04 (2.20%) than the support at $22.35 (8.78%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is American Superconductor Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for American Superconductor Corporation stock to perform well in the short-term.

Current score: 3.104 Buy Candidate Unchanged

Predicted Opening Price for American Superconductor Corporation of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$24.68 ( 0.748%) $24.50

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

Trading levels for AMSC

Fibonacci Support & Resistance Levels

Level Price
R3 25.87 5.61%
R2 25.42 3.75%
R1 25.14 2.60%
Price 24.50
S1 24.23 -1.11%
S2 23.95 -2.25%
S3 23.49 -4.11%

Accumulated Volume Support & Resistance Levels

Level Price
R3 26.34 7.51%
R2 25.92 5.80%
R1 25.04 2.20%
Price 24.50
S1 22.35 -8.78%
S2 20.77 -15.22%
S3 19.18 -21.71%

FAQ

What is the symbol for American Superconductor Corporation Stock and on which exchange is it traded?
The symbol for American Superconductor Corporation is AMSC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell American Superconductor Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for American Superconductor Corporation stock to perform well in the short-term.

How to buy American Superconductor Corporation Stock?
American Superconductor Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy American Superconductor Corporation Stock.

What's the current price of American Superconductor Corporation Stock?
As of the end of day on the Jun 20, 2024, the price of an American Superconductor Corporation (AMSC) share was $24.50.

What is the 52-week high and low for American Superconductor Corporation Stock?
The 52-week high for American Superconductor Corporation Stock is $27.38 and the 52-week low is $5.26.

What is the market capitalization of American Superconductor Corporation Stock?
As of the Jun 20, 2024, the market capitalization of American Superconductor Corporation is 931.615M.

When is the next earnings date for American Superconductor Corporation?
The upcoming earnings date for American Superconductor Corporation is Aug 14, 2024.
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About American Superconductor Corporation

American Superconductor 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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