AMSC Forecast and Technical Stock Analysis
Buy candidate since 2020-01-24 PDF
American Superconductor Corporation gained 7.51% in the last trading day ( Friday, 24th Jan 2020 ), rising from $7.32 to $7.87 During the day the stock fluctuated 10.91% from a day low at $7.56 to a day high of $8.38. The price has risen in 6 of the last 10 days and is up by 6.35% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 431 887 more shares were traded than the day before. In total, 601 501 shares bought and sold for approximately $4.73 million.
- 30 day high of the AMSC stock price was $8.38 and low was $7.11.
- 90 day high was $9.34 and low was $7.11.
- 52 week high for American Superconductor Corporation - $16.44 and low - $7.11.
American Superconductor Corporation lies in the middle of a 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 -7.60% during the next 3 months and, with 90% probability hold a price between $6.43 and $7.62 at the end of this period.
Only positive signals in the chart today. American Superconductor Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $7.75 and $7.72. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 23, 2020, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 53 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
American Superconductor Corporation finds support from accumulated volume at $7.83.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.82 (10.91%) between high and low. For the last week, the stock has had daily average volatility of 6.29%.
Our recommended stop-loss: $7.53 (-4.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
6.29 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since last evaluation from a Sell Candidate to a Buy Candidate candidate.
|AMSC $7.87 ($0.55 7.51%)|
AMSC is up $0.55 today, but where's it headed in 2020?
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