GLOBAL STAR ACQUISITION-CL A (GLST)

US37962G1022 - Common Stock

11.37  -0.62 (-5.17%)

Technical Rating and Analysis

6

Overall GLST gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GLST is only an average performer.

In the last month GLST has a been trading in the 11.15 - 12.20 range, which is quite wide. It is currently trading near the lows of this range.
Warning: GLST has an average volume of 4472 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the performance of all stocks over the past year, GLST turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
GLST is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GLST is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
GLST Weekly chart
GLST Daily chart
Setup Rating and Analysis

6

GLST has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 11.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GLST in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

10.45

12.12

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 11.00 to 11.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 10.56 to 10.70. This zone is formed by a combination of multiple trend lines in the daily time frame.

We can see 2 important resistance areas.

  • A resistance zone ranging from 11.37 to 11.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 11.83 to 12.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.9
Mansfield-0.83
10 Day High12.2
10 Day Low11.25
20 Day High12.2
20 Day Low11.15
52 Week High12.67
52 Week Low10.41
Performance
1 Week-1.13%
2 Weeks-0.26%
1 Month1.7%
3 Month3.08%
6 Month3.93%
12 Month7.16%
2 Year12.24%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)48.2
LBB11.11
UBB11.97
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
11.6011.240.36 (3.10%)25.00%
An entry @11.60. This is a Buy Stop order right above the resistance zone.An exit @11.24. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.36 points, which is 3.10%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%.

  • The distance between exit and entry is rather small compared to the average daily movement of GLST. 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.
GLST Daily chart

GLOBAL STAR ACQUISITION-CL A

NASDAQ:GLST (12/20/2024, 8:14:58 PM)

11.37

-0.62 (-5.17%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.17%
1 Week-1.13%
2 Weeks-0.26%
1 Month1.7%
3 Month3.08%
6 Month3.93%
12 Month7.16%
2 Year12.24%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%3.27%
ATR Inc89.21%
Range Today0
ADR(20)0.24
ADR(20)%2.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.9
Mansfield-0.83
10 Day High12.2
10 Day Low11.25
20 Day High12.2
20 Day Low11.15
52 Week High12.67
52 Week Low10.41
CS1 End11.3
CR1 Start11.37
Volume & EV
DER(3)7.65%
DER(5)4.59%
Volume100
Volume Incr-56.29%
Vol(5)2.50K
Vol(50)4.47K