GLOBALSTAR INC (GSAT) Technical Analysis
NASDAQ:GSAT • US3789735079
Current stock price
58.83 USD
+0.15 (+0.26%)
At close:
58.83 USD
0 (0%)
After Hours:
GSAT Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to GSAT. GSAT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, GSAT did better than 95% of all other stocks. On top of that, GSAT also shows a nice and consistent pattern of rising prices.
- GSAT is part of the Diversified Telecommunication Services industry. There are 37 other stocks in this industry. GSAT outperforms 94% of them.
- GSAT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GSAT is performing more or less in line with the market.
- In the last month GSAT has a been trading in the 53.67 - 65.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GSAT Weekly and Daily overview Charts
GSAT Setup Rating and Analysis
GSAT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 60.79. Right above this resistance zone may be a good entry point.
More info and screens
GSAT Support and Resistance Analysis
53.58
68.23
When analyzing the support we can see 3 important areas.
- A support zone ranging from 57.83 to 58.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @56.43 from a horizontal line in the weekly time frame.
- Support @54.12 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 60.79 to 61.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @64.98 from a horizontal line in the weekly time frame.
- Resistance @67.55 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for GSAT is neutral. |
| ChartMill Relative Strength | 95.89 | POSITIVE | GSAT has a high relative strength, it outperformed 95.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GSAT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GSAT is below a declining 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) | 48.2 | NEUTRAL | The RSI value for GSAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests GSAT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.97 | NEUTRAL | The Stochastics value for GSAT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.25 | HIGH VOLATILITY | The high ATR as a percentage value for GSAT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.95 | NEGATIVE | The low ADX value for GSAT suggests a weak or negative trend. |
GSAT Chart- and CandleStick Pattern Analysis
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)
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 |
|---|---|---|---|
| 61.23 | 57.82 | 3.41 (5.57%) | 17.96% |
| An entry @61.23. This is a Buy Stop order right above the resistance zone. | An exit @57.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.41 points, which is 5.57%. | When investing 17.96% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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
58.83
+0.15 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg0.26%
1 Week3.83%
2 Weeks-5.11%
1 Month-2.05%
3 Month-5.49%
6 Month67.61%
12 Month167.77%
2 Year166.8%
3 Year238.1%
5 Year190.52%
10 Year166.8%
15 YearN/A
Volatility
ATR(14)4.06
ATR(20)%6.25%
ATR Inc-26.03%
Range Today2.76
ADR(20)3.63
ADR(20)%6.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.89
3 months CRS32.84
6 months CRS96.39
Mansfield4.27
10 Day High63.58
10 Day Low53.67
20 Day High65.02
20 Day Low53.67
52 Week High74.88
52 Week Low17.24
CS1 End58.52
CR1 Start60.79
Volume & EV
DER(3)-0.91%
DER(5)-1.21%
Volume494.50K
Volume Incr-20.11%
Vol(5)469.32K
Vol(50)627.94K
GLOBALSTAR INC / GSAT TA FAQ
Can you provide the ChartMill technical rating for GLOBALSTAR INC?
ChartMill assigns a technical rating of 6 / 10 to GSAT.
Can you provide the trend direction for GLOBALSTAR INC?
The current trend direction for GLOBALSTAR INC (GSAT) is Bullish.
Can you provide the RSI signal for GLOBALSTAR INC?
GLOBALSTAR INC (GSAT) has an RSI value of 48.2045. This indicates that the stock is currently neutral.
What is the short term momentum for GLOBALSTAR INC (GSAT) stock?
The short term momentum for GLOBALSTAR INC (GSAT) is neutral.