AMSC Forecast and Technical Stock Analysis
Buy candidate since 2019-10-15 PDF
American Superconductor Corporation gained 2.36% in the last trading day ( Tuesday, 15th Oct 2019 ), rising from $8.06 to $8.25 During the day the stock fluctuated 5.66% from a day low at $7.95 to a day high of $8.40. The price has risen in 7 of the last 10 days and is up by 8.27% 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, 41 768 more shares were traded than the day before. In total, 114 161 shares bought and sold for approximately $941 828.00.
- 30 day high of the AMSC stock price was $9.30 and low was $7.24.
- 90 day high was $9.99 and low was $7.24.
- 52 week high for American Superconductor Corporation - $16.44 and low - $5.78.
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 -7.15% during the next 3 months and, with 90% probability hold a price between $6.45 and $8.70 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $8.04 and $8.13. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday October 14, 2019, which indicates further gains until a new top pivot has been found. American Superconductor Corporation has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 58 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 $8.06.
This stock may move much during a 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 $0.45 between high and low, or 5.66%. For the last week, the stock has had a daily average volatility of 4.21%.
Our recommended stop-loss: $7.79 (-5.59%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
4.21 %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 recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
|AMSC $8.25 ($0.19 2.36%)|
AMSC is up $0.19 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!