Technical Analysis for AMSC - American Superconductor Corporation

Grade Last Price % Change Price Change
C 13.31 -5.27% -0.74
AMSC closed down 5.27 percent on Monday, March 18, 2024, on 43 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Crossed Above 20 DMA Bullish -5.27%
Pocket Pivot Bullish Swing Setup -5.27%
Bollinger Band Squeeze Range Contraction -5.27%
Inside Day Range Contraction -5.27%
Fell Below 20 DMA Bearish -1.84%
MACD Bearish Signal Line Cross Bearish -1.84%
Bollinger Band Squeeze Range Contraction -1.84%
BB Squeeze Started Range Contraction -1.84%

   Recent Intraday Alerts

Alert Time
Down 5% about 8 hours ago
60 Minute Opening Range Breakdown about 11 hours ago
Fell Below Previous Day's Low about 11 hours ago
Down 3% about 14 hours ago
Fell Below 20 DMA about 14 hours 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: Project Management Electric Utilities Solar Power Turbines Customer Support Services Wind Turbine Wind Energy Power Electronics Project Management Services Wind Power Wind Farm Power Cable Cable Systems Quality 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 8 months 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 8 months 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 8 months 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 8 months ago

Strong play Mike.  Congrats.

1 Reply
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TraderMike 8 months 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 8 months 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 17.3696
52 Week Low 3.63
Average Volume 1,197,295
200-Day Moving Average 9.19
50-Day Moving Average 12.35
20-Day Moving Average 13.75
10-Day Moving Average 14.15
Average True Range 0.90
RSI (14) 48.98
ADX 25.74
+DI 24.36
-DI 23.04
Chandelier Exit (Long, 3 ATRs) 12.55
Chandelier Exit (Short, 3 ATRs) 15.33
Upper Bollinger Bands 15.01
Lower Bollinger Band 12.49
Percent B (%b) 0.33
BandWidth 18.33
MACD Line 0.46
MACD Signal Line 0.60
MACD Histogram -0.1373
Fundamentals Value
Market Cap 480.97 Million
Num Shares 36.1 Million
EPS -0.58
Price-to-Earnings (P/E) Ratio -22.95
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) 14.36
Resistance 3 (R3) 14.47 14.24 14.19
Resistance 2 (R2) 14.24 13.97 14.18 14.13
Resistance 1 (R1) 13.77 13.80 13.66 13.66 14.07
Pivot Point 13.54 13.54 13.48 13.48 13.54
Support 1 (S1) 13.07 13.27 12.96 12.96 12.55
Support 2 (S2) 12.84 13.10 12.78 12.49
Support 3 (S3) 12.37 12.84 12.44
Support 4 (S4) 12.26