RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GSAT
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Globalstar Inc stock price ended at $1.37 on Wednesday, after gaining 1.48%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 21, 2024 Loss -2.14% PDF

The Globalstar Inc stock price gained 1.48% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.35 to $1.37. During the last trading day the stock fluctuated 2.21% from a day low at $1.36 to a day high of $1.39. The price has fallen in 7 of the last 10 days and is down by -4.2% for this period. Volume fell on the last day by -698 thousand shares and in total, 2 million shares were bought and sold for approximately $3.10 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -28.25% during the next 3 months and, with a 90% probability hold a price between $0.80 and $1.11 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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GSAT Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 7.87%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Globalstar Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.39 and $1.51. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss for Globalstar Inc stock

Globalstar Inc finds support from accumulated volume at $1.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0300 between high and low, or 2.21%. For the last week, the stock has had daily average volatility of 3.89%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GSAT) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Globalstar Inc to open at $1.37, and during the day (based on 14 day Average True Range), to move between $1.28 and $1.46, which gives a possible trading interval of +/-$0.0854 (+/-6.23%) up or down from last closing price. If Globalstar Inc takes out the full calculated possible swing range there will be an estimated 12.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.35 (1.46%) than the resistance at $1.45 (5.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Globalstar Inc stock A Buy?

Globalstar Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.804 Sell Candidate Unchanged

Predicted Opening Price for Globalstar Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.37 ( 0.243%) $1.37

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GSAT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.40 2.43 %
R2 1.39 1.60 %
R1 1.38 1.08 %
Current price: 1.37
Support S1 1.36 -0.593 %
S2 1.35 -1.11 %
S3 1.34 -1.95 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.68 22.63 %
R2 1.46 6.57 %
R1 1.45 5.84 %
Current price 1.37
Support S1 1.35 -1.46%
S2 1.32 -3.65%
S3 1.27 -7.30%

FAQ

What is the symbol for Globalstar Inc Stock and on which exchange is it traded?
The symbol for Globalstar Inc is GSAT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Globalstar Inc Stock?
Globalstar Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Globalstar Inc Stock?
Globalstar Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Globalstar Inc Stock.

What's the current price of Globalstar Inc Stock?
As of the end of day on the 2024-03-27, the price of an Globalstar Inc (GSAT) share was $1.37.

What is the 52-week high and low for Globalstar Inc Stock?
The 52-week high for Globalstar Inc Stock is $2.13 and the 52-week low is $0.85.

What is the market capitalization of Globalstar Inc Stock?
As of the 2024-03-27, the market capitalization of Globalstar Inc is 2.603B.

When is the next earnings date for Globalstar Inc?
The upcoming earnings date for Globalstar Inc is May 03, 2024.
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About Globalstar Inc

Globalstar Globalstar, Inc. provides mobile satellite services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well ... GSAT Profile

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