GLOBALSTAR INC (GSAT) Stock Technical Analysis
USA - NASDAQ:GSAT - US3789735079 - Common Stock
Taking everything into account, GSAT scores 10 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, GSAT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
29.34
3 important support areas can be observed.
- Support @44.00 from a trend line in the daily time frame.
- Support @30.33 from a trend line in the daily time frame.
- Support @29.64 from a trend line in the weekly time frame.
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 | 95.29 | POSITIVE | GSAT has a high relative strength, it outperformed 95.29% 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) | 59 | NEUTRAL | The RSI value for GSAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests GSAT has a positive trend. |
| Stochastics (14,3) | 61.87 | NEUTRAL | The Stochastics value for GSAT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.76 | HIGH VOLATILITY | The high ATR as a percentage value for GSAT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.91 | POSITIVE | The high ADX value value for GSAT suggests a strong trend. |
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 |
|---|---|---|---|
| 55.79 | 43.99 | 11.80 (21.15%) | 4.73% |
| An entry @55.79. This is a Buy Stop order right above the 10 day high. | An exit @43.99. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 11.80 points, which is 21.15%. | When investing 4.73% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
50.48
+2.23 (+4.62%)
GLOBALSTAR INC / GSAT FAQ
Can you provide the ChartMill technical rating for GLOBALSTAR INC?
ChartMill assigns a technical rating of 10 / 10 to GSAT.
What is the current trend direction of GLOBALSTAR INC (GSAT) stock?
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 58.995. 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 0.123895, indicating a bearish trend.
What is the support and resistance level for GSAT stock?
GLOBALSTAR INC (GSAT) has a support level at 44. Check the full technical report for our detailed analysis of GSAT support and resistance levels.