Taking everything into account, TSAT scores 10 out of 10 in our technical rating. 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.
Although TSAT has an excellent technical rating, the quality of the presented setup is not ideal 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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22.38
4 important support areas can be observed.
- A support zone ranging from 29.92 to 30.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 29.10 to 29.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 25.67 to 25.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.61 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @32.48 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 35.15 to 35.16. 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 TSAT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSAT is up. |
| ChartMill Relative Strength | 92.63 | POSITIVE | TSAT has a high relative strength, it outperformed 92.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TSAT is above a declining 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) | 60.99 | NEUTRAL | The RSI value for TSAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests TSAT has a positive trend. |
| Stochastics (14,3) | 59.92 | NEUTRAL | The Stochastics value for TSAT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.8 | HIGH VOLATILITY | The high ATR as a percentage value for TSAT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.43 | NEUTRAL | The ADX value for TSAT suggests a possible start of a new 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 |
|---|---|---|---|
| 32.49 | 29.91 | 2.58 (7.94%) | 12.59% |
| An entry @32.49. This is a Buy Stop order right above the resistance zone. | An exit @29.91. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.58 points, which is 7.94%. | For a 1.00% total portfolio risk, you can invest 12.59% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TSAT. Please evaluate whether better entry and exit points can be found.
- 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.
32.47
+2.21 (+7.3%)
TELESAT CORP / TSAT FAQ
Can you provide the ChartMill technical rating for TELESAT CORP?
ChartMill assigns a technical rating of 10 / 10 to TSAT.
Can you provide the trend direction for TELESAT CORP?
The current trend direction for TELESAT CORP (TSAT) is Bullish.
Can you provide the RSI signal for TELESAT CORP?
TELESAT CORP (TSAT) has an RSI value of 60.9934. This indicates that the stock is currently neutral.
What is the MACD signal for TELESAT CORP (TSAT) stock?
The MACD indicator for TELESAT CORP (TSAT) has a value of 0.136791, indicating a bearish trend.
What is the short term momentum for TELESAT CORP (TSAT) stock?
The short term momentum for TELESAT CORP (TSAT) is positive.