TELESAT CORP (TSAT) Stock Technical Analysis
NASDAQ:TSAT - Nasdaq - CA8795123097 - Common Stock - Currency: USD
Overall TSAT gets a technical rating of 8 out of 10. In the past year, TSAT was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, TSAT did better than 95% 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 33 other stocks in this industry. TSAT outperforms 87% of them.
In the last month TSAT has a been trading in the 15.42 - 18.25 range, which is quite wide. It is currently trading near the high of this range.
TSAT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TSAT is lagging the market.
TSAT has an excellent technical rating and also presents 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 17.02, a Stop Loss order could be placed below this zone. 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
15.18
18.43
When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.23 to 17.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.74 to 15.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 15.33 to 15.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 17.68 to 17.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 18.13 to 18.25. 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 | NEUTRAL | NEUTRAL | The long term trend for TSAT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSAT is up. |
| ChartMill Relative Strength | 95.18 | POSITIVE | TSAT has a high relative strength, it outperformed 95.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TSAT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TSAT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TSAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.74 | NEUTRAL | The RSI value for TSAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests TSAT has a positive trend. |
| Stochastics (14,3) | 66.24 | NEUTRAL | The Stochastics value for TSAT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.12 | HIGH VOLATILITY | The high ATR as a percentage value for TSAT suggests high volalility. |
| Average Directional Index/ADX (14) | 18.24 | NEGATIVE | The low ADX value for TSAT 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)
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 |
|---|---|---|---|
| 17.78 | 16.22 | 1.56 (8.77%) | 11.40% |
| An entry @17.78. This is a Buy Stop order right above the resistance zone. | An exit @16.22. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.56 points, which is 8.77%. | For a 1.00% total portfolio risk, you can invest 11.40% 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.
17.67
+0.44 (+2.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg2.55%
1 Week5.24%
2 Weeks11.41%
1 Month5.21%
3 Month-15.41%
6 Month2.55%
12 Month129.78%
2 Year87.58%
3 Year58.19%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.92
ATR(20)%5.12%
ATR Inc-10.6%
Range Today1.27
ADR(20)0.9
ADR(20)%5.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.18
Mansfield1.46
10 Day High18.25
10 Day Low15.67
20 Day High18.25
20 Day Low15.42
52 Week High25.38
52 Week Low7.21
CS1 End17.02
CR1 Start17.68
Volume & EV
DER(3)-2.45%
DER(5)-1.27%
Volume77.50K
Volume Incr2.21%
Vol(5)59.41K
Vol(50)74.83K