How the (AMSC) price action is used to our Advantage
October 30, 2024, 19:32 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AMSC
- Buy AMSC near 20.77 target 25.29 stop loss @ 20.71 Details
The technical summary data tells us to buy AMSC near 20.77 with an upside target of 25.29. This data also tells us to set a stop loss @ 20.71 to protect against excessive loss in case the stock begins to move against the trade. 20.77 is the first level of support below 24.8 , and by rule, any test of support is a buy signal. In this case, support 20.77 would be being tested, so a buy signal would exist.
- Short AMSC slightly under 25.29, target 20.77, stop loss @ 25.36 Details
The technical summary data is suggesting a short of AMSC as it gets near 25.29 with a downside target of 20.77. We should have a stop loss in place at 25.36though. 25.29 is the first level of resistance above 24.8, and by rule, any test of resistance is a short signal. In this case, if resistance 25.29 is being tested, so a short signal would exist.
Swing Trading Plans for AMSC
- Buy AMSC slightly over 25.29, target 30.8, Stop Loss @ 25.22 Details
If 25.29 begins to break higher, the technical summary data tells us to buy AMSC just slightly over 25.29, with an upside target of 30.8. The data also tells us to set a stop loss @ 25.22 in case the stock turns against the trade. 25.29 is the first level of resistance above 24.8, and by rule, any break above resistance is a buy signal. In this case, 25.29, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AMSC slightly near 25.29, target 24.35, Stop Loss @ 25.36. Details
The technical summary data is suggesting a short of AMSC if it tests 25.29 with a downside target of 24.35. We should have a stop loss in place at 25.36 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 25.29, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for AMSC
- Buy AMSC slightly over 24.89, target 25.29, Stop Loss @ 24.83 Details
If 24.89 begins to break higher, the technical summary data tells us to buy AMSC just slightly over 24.89, with an upside target of 25.29. The data also tells us to set a stop loss @ 24.83 in case the stock turns against the trade. 24.89 is the first level of resistance above 24.8, and by rule, any break above resistance is a buy signal. In this case, 24.89, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AMSC slightly near 24.89, target 24.35, Stop Loss @ 24.95. Details
The technical summary data is suggesting a short of AMSC if it tests 24.89 with a downside target of 24.35. We should have a stop loss in place at 24.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 24.89, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for American Superconductor Corporation (AMSC) available here: AMSC.
AMSC Ratings for October 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
20.77 |
| P2 |
23.79 |
22.03 |
25.29 |
| P3 |
24.89 |
24.35 |
30.8 |
AI Generated Signals for AMSC
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The American Superconductor Corporation (NASDAQ: AMSC) data table below can help you with price action, and we have more details too. Trading plans for AMSC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AMSC:
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