When the Price of (AMSC) Talks, People Listen
August 22, 2024, 07:56 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AMSC
- Buy AMSC slightly over 18.32 target 22.89 stop loss @ 18.27 Details
The technical summary data tells us to buy AMSC near 18.32 with an upside target of 22.89. This data also tells us to set a stop loss @ 18.27 to protect against excessive loss in case the stock begins to move against the trade. 18.32 is the first level of support below 20.65 , and by rule, any test of support is a buy signal. In this case, support 18.32 would be being tested, so a buy signal would exist.
- Short AMSC slightly under 22.89, target 18.32, stop loss @ 22.96 Details
The technical summary data is suggesting a short of AMSC as it gets near 22.89 with a downside target of 18.32. We should have a stop loss in place at 22.96though. 22.89 is the first level of resistance above 20.65, and by rule, any test of resistance is a short signal. In this case, if resistance 22.89 is being tested, so a short signal would exist.
Swing Trading Plans for AMSC
- Buy AMSC slightly over 22.08, target 22.89, Stop Loss @ 22.02 Details
If 22.08 begins to break higher, the technical summary data tells us to buy AMSC just slightly over 22.08, with an upside target of 22.89. The data also tells us to set a stop loss @ 22.02 in case the stock turns against the trade. 22.08 is the first level of resistance above 20.65, and by rule, any break above resistance is a buy signal. In this case, 22.08, 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 22.08, target 20.46, Stop Loss @ 22.14. Details
The technical summary data is suggesting a short of AMSC if it tests 22.08 with a downside target of 20.46. We should have a stop loss in place at 22.14 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, 22.08, 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 21.21, target 22.08, Stop Loss @ 21.16 Details
If 21.21 begins to break higher, the technical summary data tells us to buy AMSC just slightly over 21.21, with an upside target of 22.08. The data also tells us to set a stop loss @ 21.16 in case the stock turns against the trade. 21.21 is the first level of resistance above 20.65, and by rule, any break above resistance is a buy signal. In this case, 21.21, 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 21.21, target 20.46, Stop Loss @ 21.26. Details
The technical summary data is suggesting a short of AMSC if it tests 21.21 with a downside target of 20.46. We should have a stop loss in place at 21.26 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, 21.21, 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 August 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
18.32 |
| P2 |
20 |
20.46 |
22.89 |
| P3 |
21.21 |
22.08 |
28.31 |
AI Generated Signals for AMSC
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of American Superconductor Corporation (NASDAQ: AMSC) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for AMSC can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AMSC:
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