TELESAT CORP (TSAT) Stock Technical Analysis
NASDAQ:TSAT • CA8795123097
We assign a technical rating of 8 out of 10 to TSAT. In the last year, TSAT was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- 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.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When comparing the yearly performance of all stocks, we notice that TSAT is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, TSAT also shows a nice and consistent pattern of rising prices.
- TSAT is part of the Diversified Telecommunication Services industry. There are 37 other stocks in this industry. TSAT outperforms 86% 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 23.76 - 32.41 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
22.22
When analyzing the support we can see 3 important areas.
- Support @24.93 from a trend line in the daily time frame.
- Support @23.97 from a trend line in the weekly time frame.
- Support @22.44 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.15 to 35.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 92.09 | POSITIVE | TSAT has a high relative strength, it outperformed 92.09% 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) | DOWN | MIXED | The current price of TSAT is above a declining 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) | 61.26 | NEUTRAL | The RSI value for TSAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.59 | POSITIVE | The MACD value suggests TSAT has a positive trend. |
| Stochastics (14,3) | 92.06 | OVERBOUGHT | The high Stochastics value suggests TSAT may be overbought. |
| Average True Range in percent/ATR (20) | 7.02 | HIGH VOLATILITY | The high ATR as a percentage value for TSAT suggests high volalility. |
| Average Directional Index/ADX (14) | 13.75 | NEGATIVE | The low ADX value for TSAT suggests a weak or negative trend. |
32.2
+1.9 (+6.27%)
TELESAT CORP / TSAT FAQ
Can you provide the ChartMill technical rating for TELESAT CORP?
ChartMill assigns a technical rating of 8 / 10 to TSAT.
Can you provide the trend direction for TELESAT CORP?
The current trend direction for TELESAT CORP (TSAT) is Bearish.
Can you provide the RSI signal for TELESAT CORP?
TELESAT CORP (TSAT) has an RSI value of 61.2581. 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 0.588719, 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.