GLOBALSTAR INC (GSAT) Stock Technical Analysis
NASDAQ:GSAT - Nasdaq - US3789735079 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to GSAT. Both in the recent history as in the last year, GSAT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
GSAT is part of the Diversified Telecommunication Services industry. There are 33 other stocks in this industry. GSAT outperforms 81% of them.
In the last month GSAT has a been trading in the 22.80 - 28.56 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that GSAT is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
GSAT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GSAT is lagging the market.
Although GSAT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
15.59
28.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 25.65 to 25.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.35 to 18.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.75 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 27.97 to 28.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 88.83 | POSITIVE | GSAT has a high relative strength, it outperformed 88.83% 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) | 56.53 | NEUTRAL | The RSI value for GSAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests GSAT has a negative trend. |
| Stochastics (14,3) | 79.8 | NEUTRAL | The Stochastics value for GSAT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for GSAT suggests some volalility. |
| Average Directional Index/ADX (14) | 44.96 | POSITIVE | The high ADX value value for GSAT 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)
25.98
-1.99 (-7.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-7.11%
1 Week-5.97%
2 Weeks-2.04%
1 Month10.65%
3 Month32.48%
6 Month-12.53%
12 Month38.56%
2 Year60.37%
3 Year23.71%
5 Year344.44%
10 Year-16.33%
15 YearN/A
Volatility
ATR(14)1.09
ATR(20)%3.85%
ATR Inc73.46%
Range Today2.4
ADR(20)0.99
ADR(20)%3.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.83
Mansfield0.65
10 Day High28.56
10 Day Low25.83
20 Day High28.56
20 Day Low22.8
52 Week High41.1
52 Week Low15
CS1 End25.97
CR1 Start27.97
Volume & EV
DER(3)-1.22%
DER(5)-2.71%
Volume926.60K
Volume Incr-6.23%
Vol(5)625.86K
Vol(50)674.95K