TSAT Technical Analysis - TELESAT CORP

Technical Rating and Analysis

Overall TSAT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TSAT is showing a nice and steady performance.

Warning: TSAT has an average volume of 15895 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, TSAT did better than 87% of all other stocks. We also observe that the gains produced by TSAT over the past year are nicely spread over this period.

TSAT is part of the Diversified Telecommunication Services industry. There are 31 other stocks in this industry. TSAT outperforms 90% of them.

TSAT 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 TSAT is lagging the market slightly.

In the last month TSAT has a been trading in the 32.81 - 51.60 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although TSAT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

20.75

45.96

We found 3 important support areas.

A support zone ranging from 31.29 to 31.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @27.96 from a trend line in the weekly time frame.
Support @20.96 from a horizontal line in the daily time frame.

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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 TSAT.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for TSAT.CA is up.
ChartMill Relative Strength	87.18	POSITIVE	TSAT.CA has a high relative strength, it outperformed 87.18% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TSAT.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of TSAT.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TSAT.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	62.19	NEUTRAL	The RSI value for TSAT.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.62	POSITIVE	The MACD value suggests TSAT.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	78.38	NEUTRAL	The Stochastics value for TSAT.CA is a neutral value.
Average True Range in percent/ATR (20)	6.21	HIGH VOLATILITY	The high ATR as a percentage value for TSAT.CA suggests high volalility.
Average Directional Index/ADX (14)	38.96	POSITIVE	The high ADX value value for TSAT.CA suggests a strong trend.