American Superconductor Corporation Forecast and Stock Analysis
Technical AMSC stock analysis for February 15, 2019.
American Superconductor Corporation fell by -5.00% in the last day from $15.80 to $15.01 The price has risen in 6 of the last 10 days and is up by 8.69% over the past 2 weeks. Volume has increased in the last day by 148 760 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 476 234 shares bought and sold for approximately $7.15 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the AMSC stock was $15.01. This is 5% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 9.42% from a day low at $14.75 to a day high of $16.14.
30 day high of the AMSC stock price was $16.14 and low was $11.40.
90 day high was $16.14 and low was $8.12.
52 week high for the American Superconductor Corporation - $16.14 and low - $4.54.
American Superconductor Corporation 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 54.64% during the next 3 months and, with 90% probability hold a price between $19.38 and $24.73 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday February 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. American Superconductor Corporation holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $15.08. On a fall, the stock will find some support from the long-term average at approximately $12.62. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $13.88 and $12.85.
There is 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 $13.88. If this is broken, then the next support from accumulated volume will be at $12.85 and $11.82.
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 $1.39 between high and low, or 9.42%. For the last week, the stock has had a daily average volatility of 5.52%.
Our recommended stoploss: $14.15 (-5.70%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 days ago.)
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Evaluation: Buy Candidate
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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.