GLOBALSTAR INC (GSAT) Stock Technical Analysis
NASDAQ:GSAT • US3789735079
We assign a technical rating of 6 out of 10 to GSAT. In the last year, GSAT was one of the better performers, but we do observe some doubts in the very recent evolution.
- 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!
- When comparing the yearly performance of all stocks, we notice that GSAT is one of the better performing stocks in the market, outperforming 96% of all stocks.
- GSAT is one of the better performing stocks in the Diversified Telecommunication Services industry, it outperforms 91% of 37 stocks in the same industry.
- GSAT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GSAT is lagging the market slightly.
- In the last month GSAT has a been trading in the 53.73 - 68.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, GSAT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 64.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 59.61, a Stop Loss order could be placed below this zone.
More info and screens
53.58
We found 4 important support areas.
- A support zone ranging from 59.02 to 59.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.64 from a horizontal line in the weekly time frame.
- Support @56.65 from a trend line in the daily time frame.
- Support @54.12 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 64.39 to 64.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 67.30 to 67.55. This zone is formed by a combination of multiple trend lines 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 | 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 | 96.44 | POSITIVE | GSAT has a high relative strength, it outperformed 96.44% 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) | 49.31 | NEUTRAL | The RSI value for GSAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests GSAT has a positive trend. |
| Stochastics (14,3) | 47.01 | NEUTRAL | The Stochastics value for GSAT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.52 | HIGH VOLATILITY | The high ATR as a percentage value for GSAT suggests high volalility. |
| Average Directional Index/ADX (14) | 9.22 | NEGATIVE | The low ADX value for GSAT suggests a weak or negative 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 |
|---|---|---|---|
| 64.99 | 59.01 | 5.98 (9.20%) | 10.87% |
| An entry @64.99. This is a Buy Stop order right above the resistance zone. | An exit @59.01. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.98 points, which is 9.20%. | For a 1.00% total portfolio risk, you can invest 10.87% of your capital in this trade. |
- 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.
60.1
+1.05 (+1.78%)
GLOBALSTAR INC / GSAT 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 49.307. 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.