(AMSC) Investment Analysis and Advice

September 28, 2024, 09:28 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AMSC

• Buy AMSC near 19.68 target 24.17 stop loss @ 19.62 Details

The technical summary data tells us to buy AMSC near 19.68 with an upside target of 24.17. This data also tells us to set a stop loss @ 19.62 to protect against excessive loss in case the stock begins to move against the trade. 19.68 is the first level of support below 22.98 , and by rule, any test of support is a buy signal. In this case, support 19.68 would be being tested, so a buy signal would exist.

• Short AMSC slightly under 24.17, target 19.68, stop loss @ 24.24 Details

The technical summary data is suggesting a short of AMSC as it gets near 24.17 with a downside target of 19.68. We should have a stop loss in place at 24.24though. 24.17 is the first level of resistance above 22.98, and by rule, any test of resistance is a short signal. In this case, if resistance 24.17 is being tested, so a short signal would exist.

Swing Trading Plans for AMSC

• Buy AMSC slightly over 24.17, target 24.44, Stop Loss @ 24.1 Details

If 24.17 begins to break higher, the technical summary data tells us to buy AMSC just slightly over 24.17, with an upside target of 24.44. The data also tells us to set a stop loss @ 24.1 in case the stock turns against the trade. 24.17 is the first level of resistance above 22.98, and by rule, any break above resistance is a buy signal. In this case, 24.17, 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 24.17, target 22.12, Stop Loss @ 24.24. Details

The technical summary data is suggesting a short of AMSC if it tests 24.17 with a downside target of 22.12. We should have a stop loss in place at 24.24 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, 24.17, 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 24.44, target 29.61, Stop Loss @ 24.38 Details

If 24.44 begins to break higher, the technical summary data tells us to buy AMSC just slightly over 24.44, with an upside target of 29.61. The data also tells us to set a stop loss @ 24.38 in case the stock turns against the trade. 24.44 is the first level of resistance above 22.98, and by rule, any break above resistance is a buy signal. In this case, 24.44, 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 24.44, target 22.12, Stop Loss @ 24.5. Details

The technical summary data is suggesting a short of AMSC if it tests 24.44 with a downside target of 22.12. We should have a stop loss in place at 24.5 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, 24.44, 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 September 28:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	19.68
P2	22.11	22.12	24.17
P3	24.34	24.44	29.61

AI Generated Signals for AMSC

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Prudent Investment Analysis requires observations of the support and resistance levels for American Superconductor Corporation (NASDAQ: AMSC) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AMSC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AMSC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AMSC too.  All of these are offered below the Summary Table.