Technical Analysis for AMSC - American Superconductor Corporation

Grade Last Price % Change Price Change
C 33.91 8.81% 2.75
AMSC closed down 1.3 percent on Wednesday, November 20, 2024, on 50 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 8.81%
Calm After Storm Range Contraction 8.81%
NR7 Range Contraction 8.81%
Wide Bands Range Expansion 8.81%
Multiple of Ten Bullish Other 7.40%
Wide Bands Range Expansion 7.40%
Gapped Down Weakness 7.40%
Calm After Storm Range Contraction 10.91%
NR7 Range Contraction 10.91%
Wide Bands Range Expansion 10.91%

   Recent Intraday Alerts

Alert Time
Rose Above 10 DMA about 1 hour ago
3x Volume Pace about 1 hour ago
Up 10% about 1 hour ago
Up 1 ATR about 1 hour ago
2x Volume Pace about 1 hour ago

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Profile

American Superconductor Corporation Description

American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment enables manufacturers to field wind turbines; provides a range of power electronics and software-based control systems, which are integrated and designed for enhancing performance, efficiency, and grid compatibility; designs and develops onshore and offshore wind turbines; licenses its engineered wind turbine designs; and offers customer support services to wind turbine manufactures. This segment provides its products and services under the Windtec Solutions brand. The Grid segment offers products and services that enable electric utilities and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand. It provides transmission planning services that identify power grid constraints; grid interconnection solutions for wind farms and solar power plants, power quality systems, and transmission and distribution cable systems; and D-VAR systems that offer reactive power to stabilize voltage on the grid, as well as to connect wind farms and solar power plants to the power grid. This segment also offers superconductor wire that would be incorporated into various applications, including motors, generators, power cables, and fault current limiters; power cables; and project management services to electric utilities. The company has strategic alliance with LS Cable, Nexans, Siemens, and Vestas to develop and commercialize its products. American Superconductor Corporation was founded in 1987 and is headquartered in Devens, Massachusetts.


Classification

Sector: Technology
Industry: Electronic Components
Keywords: IBD 50 Project Management Electric Utilities Solar Power Turbines Customer Support Services Wind Energy Wind Turbine Project Management Services Power Electronics Wind Power Wind Farm Power Cable Cable Systems Superconductivity Superconductor

Is AMSC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Comments

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TraderMike over 1 year ago

Interesting that this is flying today.  SwingtradeBot's Superconductivity Stocks page was the most visited page yesterday BY FAR due to Google searches from people.  I did a little investigation yesterday and saw the news of the physicists' new superconductivity discovery & thought "meh, must not mean much for the stocks since they're not moving".  Then this morning AMSC was up 100% at one point in pre-market trading on the same news -- crazy!

2 Reply
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TraderMike over 1 year ago

I shorted this right at the open today and have already moved my stop to break-even 10 minutes later.  Let's see how much of yesterday's gap it can close.

0 Reply
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TraderMike over 1 year ago

Just covered for a quick 24% gain 🎉. I’ll look to re-short over the next few days if it bounces 

0 Reply
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SwingScalp over 1 year ago

Strong play Mike.  Congrats.

1 Reply
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TraderMike over 1 year ago

Thanks.  That was the easiest (quickest) money I've made in quite a while.  If only they were all so easy!

2 Reply
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SwingScalp over 1 year ago

Good feeling though once in a while Mike!  Keep scouting for the next one.  I'm having one today with AAOI.

1 Reply

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Indicators

Indicator Value
52 Week High 38.02
52 Week Low 8.555
Average Volume 1,402,060
200-Day Moving Average 19.89
50-Day Moving Average 25.41
20-Day Moving Average 29.10
10-Day Moving Average 32.73
Average True Range 2.73
RSI (14) 56.52
ADX 28.21
+DI 24.19
-DI 17.12
Chandelier Exit (Long, 3 ATRs) 29.82
Chandelier Exit (Short, 3 ATRs) 30.16
Upper Bollinger Bands 38.03
Lower Bollinger Band 20.17
Percent B (%b) 0.62
BandWidth 61.36
MACD Line 2.19
MACD Signal Line 2.31
MACD Histogram -0.125
Fundamentals Value
Market Cap 1.13 Billion
Num Shares 36.1 Million
EPS -0.58
Price-to-Earnings (P/E) Ratio -53.72
Price-to-Sales 3.02
Price-to-Book 5.14
PEG Ratio -0.06
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 33.90
Resistance 3 (R3) 33.95 33.09 33.44
Resistance 2 (R2) 33.09 32.39 33.06 33.29
Resistance 1 (R1) 32.13 31.96 31.70 32.07 33.14
Pivot Point 31.26 31.26 31.05 31.24 31.26
Support 1 (S1) 30.30 30.57 29.87 30.25 29.18
Support 2 (S2) 29.44 30.14 29.41 29.03
Support 3 (S3) 28.47 29.44 28.88
Support 4 (S4) 28.42