GLOBALSTAR INC (GSAT) Technical Analysis
NASDAQ:GSAT • US3789735079
Current stock price
GSAT Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to GSAT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GSAT is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that GSAT is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, GSAT also shows a nice and consistent pattern of rising prices.
- GSAT is one of the better performing stocks in the Diversified Telecommunication Services industry, it outperforms 97% of 37 stocks in the same industry.
- A new 52 week high is currently being made by GSAT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month GSAT has a been trading in the 71.30 - 82.85 range, which is quite wide. It is currently trading near the high of this range.
- GSAT has an average volume of 1431010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GSAT Weekly and Daily overview Charts
GSAT Setup Rating and Analysis
Besides having an excellent technical rating, GSAT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 81.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 81.69, a Stop Loss order could be placed below this zone.
More info and screens
GSAT Support and Resistance Analysis
62.49
3 important support areas can be observed.
- A support zone ranging from 81.28 to 81.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 65.03 to 65.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @63.12 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 81.81 to 82.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
GSAT 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 | UP | POSITIVE | The long term trend for GSAT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GSAT is up. |
| ChartMill Relative Strength | 98.03 | POSITIVE | GSAT has a high relative strength, it outperformed 98.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GSAT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GSAT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GSAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.24 | NEUTRAL | The RSI value for GSAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests GSAT has a negative trend. |
| Stochastics (14,3) | 88.92 | OVERBOUGHT | The high Stochastics value suggests GSAT may be overbought. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for GSAT suggests some volalility. |
| Average Directional Index/ADX (14) | 51.49 | POSITIVE | The high ADX value value for GSAT suggests a strong trend. |
GSAT Chart- and CandleStick Pattern Analysis
GSAT Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 82.31 | 81.27 | 1.04 (1.26%) | 25.00% |
| An entry @82.31. This is a Buy Stop order right above the resistance zone. | An exit @81.27. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.04 points, which is 1.26%. | For a 0.32% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GSAT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GSAT Technicals: Chart, Performance Metrics, Trend & Indicators
81.7
-0.6 (-0.73%)
GLOBALSTAR INC / GSAT TA FAQ
Can you provide the ChartMill technical rating for GLOBALSTAR INC?
ChartMill assigns a technical rating of 10 / 10 to GSAT.
Can you provide the trend direction for GLOBALSTAR INC?
The current trend direction for GLOBALSTAR INC (GSAT) is Bullish.
What is the RSI signal for GSAT stock?
GLOBALSTAR INC (GSAT) has an RSI value of 66.2402. This indicates that the stock is currently neutral.
What is the MACD signal for GSAT stock?
The MACD indicator for GLOBALSTAR INC (GSAT) has a value of -0.332482, indicating a bearish trend.
What is the short term momentum for GLOBALSTAR INC (GSAT) stock?
The short term momentum for GLOBALSTAR INC (GSAT) is positive.