GLOBALSTAR INC (GSAT) Stock Technical Analysis
NASDAQ:GSAT - Nasdaq - US3789735079 - Common Stock - Currency: USD
Overall GSAT gets a technical rating of 1 out of 10. GSAT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
GSAT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GSAT is lagging the market.
In the last month GSAT has a been trading in the 17.24 - 20.70 range, which is quite wide. It is currently trading near the lows of this range.
When compared to the yearly performance of all other stocks, GSAT outperforms 45% of them, which is more or less in line with the market.
GSAT is part of the Diversified Telecommunication Services industry. There are 33 other stocks in this industry, GSAT did better than 50% of them.
GSAT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 17.74, a Stop Loss order could be placed below this zone.
More info and screens
15.59
22.24
2 important support areas can be observed.
- A support zone ranging from 17.58 to 17.74. 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 18.60 to 18.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 19.93 to 20.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.02 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for GSAT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GSAT is down. |
| ChartMill Relative Strength | 45.13 | NEUTRAL | GSAT is not amongst the best or worst performers 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 | MIXED | The current price of GSAT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.2 | NEUTRAL | The RSI value for GSAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GSAT has a negative trend. |
| Stochastics (14,3) | 32.32 | NEUTRAL | The Stochastics value for GSAT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.83 | MEDIUM VOLATILITY | The ATR as a percentage value for GSAT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.92 | NEGATIVE | The low ADX value for GSAT suggests a weak or negative 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)
18.26
-0.23 (-1.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-1.24%
1 Week-0.49%
2 Weeks3.84%
1 Month-6.88%
3 Month-11.66%
6 Month-31.99%
12 Month7.73%
2 Year6.78%
3 Year-13.05%
5 Year309.05%
10 Year-54.06%
15 YearN/A
Volatility
ATR(14)0.94
ATR(20)%4.83%
ATR Inc-47.61%
Range Today0.47
ADR(20)0.78
ADR(20)%4.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.13
Mansfield-1.61
10 Day High19.55
10 Day Low17.76
20 Day High20.7
20 Day Low17.24
52 Week High41.1
52 Week Low15
CS1 End17.74
CR1 Start18.6
Volume & EV
DER(3)1.25%
DER(5)2.89%
Volume430.40K
Volume Incr5.7%
Vol(5)592.52K
Vol(50)622.40K