RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMSC
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Stronger technical forecast for American Superconductor Corporation stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The American Superconductor Corporation stock price gained 4.26% on the last trading day (Wednesday, 27th Mar 2024), rising from $12.90 to $13.45. During the last trading day the stock fluctuated 5.38% from a day low at $12.82 to a day high of $13.51. The price has fallen in 6 of the last 10 days and is down by -8.19% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 175 thousand more shares were traded than the day before. In total, 564 thousand shares were bought and sold for approximately $7.59 million.

The stock 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 34.56% during the next 3 months and, with a 90% probability hold a price between $16.88 and $21.30 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

AMSC Signals & Forecast

The American Superconductor Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, 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 $13.18 and $13.39. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -10.09%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for American Superconductor Corporation stock

American Superconductor Corporation finds support from accumulated volume at $13.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.690 between high and low, or 5.38%. For the last week, the stock has had daily average volatility of 3.73%.

Our recommended stop-loss: $12.70 (-5.59%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (AMSC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect American Superconductor Corporation to open at $13.26, and during the day (based on 14 day Average True Range), to move between $12.69 and $14.21, which gives a possible trading interval of +/-$0.755 (+/-5.61%) up or down from last closing price. If American Superconductor Corporation takes out the full calculated possible swing range there will be an estimated 11.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.25 (1.49%) than the resistance at $13.77 (2.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is American Superconductor Corporation stock A Buy?

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 American Superconductor Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.495 Buy Candidate Upgraded

Predicted Opening Price for American Superconductor Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$13.26 ( 1.41%) $13.45

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AMSC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 13.95 3.72 %
R2 13.69 1.76 %
R1 13.52 0.547 %
Current price: 13.45
Support S1 13.00 -3.37 %
S2 12.83 -4.58 %
S3 12.57 -6.54 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 14.44 7.36 %
R2 14.35 6.69 %
R1 13.77 2.38 %
Current price 13.45
Support S1 13.25 -1.49%
S2 11.31 -15.91%
S3 11.00 -18.22%

FAQ

What is the symbol for American Superconductor Corporation Stock and on which exchange is it traded?
The symbol for American Superconductor Corporation is AMSC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell American Superconductor Corporation Stock?
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 American Superconductor Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy American Superconductor Corporation Stock?
American Superconductor Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy American Superconductor Corporation Stock.

What's the current price of American Superconductor Corporation Stock?
As of the end of day on the 2024-03-27, the price of an American Superconductor Corporation (AMSC) share was $13.45.

What is the 52-week high and low for American Superconductor Corporation Stock?
The 52-week high for American Superconductor Corporation Stock is $17.37 and the 52-week low is $3.64.

What is the market capitalization of American Superconductor Corporation Stock?
As of the 2024-03-27, the market capitalization of American Superconductor Corporation is 466.16M.

When is the next earnings date for American Superconductor Corporation?
The upcoming earnings date for American Superconductor Corporation is May 29, 2024.
Click to get the best stock tips daily for free!

About American Superconductor Corporation

American Superconductor American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services. It provides ... AMSC Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT