GLOBALSTAR INC (GSAT) Stock Technical Analysis
NASDAQ:GSAT - Nasdaq - US3789735079 - Common Stock - Currency: USD
Overall GSAT gets a technical rating of 0 out of 10. GSAT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
70% of all other stocks performed better in the past year than GSAT.
GSAT is part of the Diversified Telecommunication Services industry. There are 32 other stocks in this industry, of which 61% are performing better than GSAT.
GSAT is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
GSAT has an average volume of 2023070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GSAT has a been trading in the 17.30 - 23.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, GSAT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 20.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.64, a Stop Loss order could be placed below this zone.
More info and screens
15.59
23.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.45 to 18.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.75 to 15.77. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 20.02 to 20.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 22.84 to 23.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.47
Mansfield-0.17
10 Day High20.55
10 Day Low17.3
20 Day High23.63
20 Day Low17.3
52 Week High41.1
52 Week Low15
Performance
1 Week1.4%
2 Weeks-0.41%
1 Month-9.48%
3 Month-30.97%
6 Month8.72%
12 Month2.73%
2 Year44%
3 Year12.47%
5 Year307.71%
10 Year-49.63%
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)0.03
RSI(14)42.48
LBB18.17
UBB21.12
19.57
+0.11 (+0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg0.54%
1 Week1.4%
2 Weeks-0.41%
1 Month-9.48%
3 Month-30.97%
6 Month8.72%
12 Month2.73%
2 Year44%
3 Year12.47%
5 Year307.71%
10 Year-49.63%
15 YearN/A
Volatility
ATR(14)1.35
ATR(20)%6.58%
ATR Inc-55.27%
Range Today0.52
ADR(20)1.19
ADR(20)%6.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.47
Mansfield-0.17
10 Day High20.55
10 Day Low17.3
20 Day High23.63
20 Day Low17.3
52 Week High41.1
52 Week Low15
CS1 End18.64
CR1 Start20.02
Volume & EV
DER(3)2.47%
DER(5)2.1%
Volume292.30K
Volume Incr-31.99%
Vol(5)492.52K
Vol(50)2.02M