Social Sentiment for AMSC
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American Superconductor Corporation Forecast and Stock Analysis
Technical AMSC stock analysis for Friday June 14, 2019.
American Superconductor Corporation fell by -3.53% in the last day ( Friday, 14th Jun 2019 ) from $8.79 to $8.48 During day the stock fluctuated 4.96% from a day low at $8.37 to a day high of $8.78. The price has risen in 6 of the last 10 days , but is still down by -12.85% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -36 473 shares and in total 149 456 shares bought and sold for approximately $1.27 million.
- 30 day high of the AMSC stock price was $11.86 and low was $8.08.
- 90 day high was $14.35 and low was $8.08.
- 52 week high for the American Superconductor Corporation - $16.44 and low - $4.84.
American Superconductor Corporation lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.95% during the next 3 months and, with 90% probability hold a price between $5.29 and $6.89 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. American Superconductor Corporation holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $10.36. On a fall, the stock will find some support from the short-term average at $8.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday June 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 27 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
American Superconductor Corporation finds support from accumulated volume at $8.31.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.41 between high and low, or 4.96%. For the last week the stock has had a daily average volatility of 5.75%.
American Superconductor Corporation is oversold on RSI14 (27). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
5.75 %Average volatility
Very Low Low Medium High Very High
American Superconductor Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|AMSC $8.48 ($-0.31 -3.53%)|
AMSC is down $0.31 today, but where's it headed in 2019?
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