AMSC Technical Analysis - AMSC ASA

Technical Rating and Analysis

Taking everything into account, AMSC scores 1 out of 10 in our technical rating. AMSC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

98% of all other stocks performed better in the past year than AMSC.

AMSC is part of the Marine Transportation industry. There are 18 other stocks in this industry, of which 94% are performing better than AMSC.

AMSC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month AMSC has a been trading in a tight range between 1.45 and 1.51.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

AMSC has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.47, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.43

1.54

We found 1 important support area.

A support zone ranging from 1.44 to 1.47. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 1.48 to 1.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for AMSC.OL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AMSC.OL is down.
ChartMill Relative Strength	2.13	NEGATIVE	AMSC.OL has a low relative strength, it was outperformed by 97.87% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AMSC.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of AMSC.OL is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of AMSC.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.66	NEUTRAL	The RSI value for AMSC.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests AMSC.OL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	46.43	NEUTRAL	The Stochastics value for AMSC.OL is a neutral value.
Average True Range in percent/ATR (20)	0.93	LOW VOLATILITY	The low ATR as a percentage value for AMSC.OL suggests low volalility.
Average Directional Index/ADX (14)	22.82	NEUTRAL	The ADX value for AMSC.OL suggests a possible start of a new trend.