AMERICAN SUPERCONDUCTOR CORP (AMSC) Stock Technical Analysis
NASDAQ:AMSC - Nasdaq - US0301112076 - Common Stock - Currency: USD
Overall AMSC gets a technical rating of 7 out of 10. In the past year, AMSC was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
AMSC is one of the better performing stocks in the Electrical Equipment industry, it outperforms 87% of 95 stocks in the same industry.
In the last month AMSC has a been trading in the 18.85 - 25.96 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, AMSC did better than 92% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
AMSC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AMSC is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although AMSC has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
16.53
34.96
We found 1 important support area.
- Support @16.70 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 25.20 to 25.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 30.98 to 31.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @32.52 from a trend line in the daily time frame.
- Resistance @34.61 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for AMSC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMSC is up. |
| ChartMill Relative Strength | 92.05 | POSITIVE | AMSC has a high relative strength, it outperformed 92.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMSC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMSC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMSC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.54 | OVERBOUGHT | The high RSI value suggests AMSC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests AMSC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.14 | OVERBOUGHT | The high Stochastics value suggests AMSC may be overbought. |
| Average True Range in percent/ATR (20) | 4.65 | MEDIUM VOLATILITY | The ATR as a percentage value for AMSC suggests some volalility. |
| Average Directional Index/ADX (14) | 27.53 | POSITIVE | The high ADX value value for AMSC suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
25.19
+1 (+4.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg4.13%
1 Week7.1%
2 Weeks17.77%
1 Month25.14%
3 Month-1.98%
6 Month-26.39%
12 Month56.85%
2 Year437.1%
3 Year371.72%
5 Year247.45%
10 Year306.95%
15 Year-91.78%
Volatility
ATR(14)1.23
ATR(20)%4.65%
ATR Inc116.96%
Range Today3.11
ADR(20)1.08
ADR(20)%4.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.05
Mansfield0.13
10 Day High25.96
10 Day Low21.27
20 Day High25.96
20 Day Low18.85
52 Week High38.02
52 Week Low13.98
CS1 End16.7
CR1 Start25.2
Volume & EV
DER(3)-0.73%
DER(5)1.19%
Volume2.24M
Volume Incr143.52%
Vol(5)1.09M
Vol(50)610.76K