We assign a technical rating of 4 out of 10 to SATS. Although SATS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
SATS is one of the better performing stocks in the Media industry, it outperforms 82% of 97 stocks in the same industry.
In the last month SATS has a been trading in the 19.74 - 24.21 range, which is quite wide. It is currently trading near the high of this range.
SATS has an average volume of 2538920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SATS is one of the better performing stocks in the market, outperforming 85% of all stocks. However, SATS's most recent performance is quite weak.
SATS is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.