AMSC Forecast and Technical Stock Analysis
Sell candidate since 2019-12-09 PDF
American Superconductor Corporation fell by -0.51% in the last day ( Monday, 9th Dec 2019 ) from $7.87 to $7.83 During the day the stock fluctuated 2.45% from a day low at $7.75 to a day high of $7.94. The price has fallen in 8 of the last 10 days and is down by -10% 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 -138 462 shares and in total 120 522 shares bought and sold for approximately $943 687.00.
- 30 day high of the AMSC stock price was $9.09 and low was $7.31.
- 90 day high was $9.99 and low was $7.24.
- 52 week high for American Superconductor Corporation - $16.44 and low - $7.24.
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 -6.48% during the next 3 months and, with 90% probability hold a price between $6.59 and $8.56 at the end of this period.
There are few to none technical positive signals at the moment. American Superconductor Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $7.85 and $8.19. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday December 06, 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 51 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 $7.76.
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 $0.19 between high and low, or 2.45%. For the last week the stock has had a daily average volatility of 4.31%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
4.31 %Average volatility
Very Low Low Medium High Very High
American Superconductor Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate candidate.
|AMSC $7.83 ($-0.04 -0.51%)|
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