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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Strong day for Globalstar Inc stock price on Thursday rising 7.30% to $1.47
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Globalstar Inc stock price gained 7.30% on the last trading day (Thursday, 28th Mar 2024), rising from $1.37 to $1.47. During the last trading day the stock fluctuated 8.82% from a day low at $1.36 to a day high of $1.48. The price has fallen in 6 of the last 10 days but is still up by 4.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $7.24 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.54 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -27.89% 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 15.75%. 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 is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Globalstar Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.50. On a fall, the stock will find some support from the short-term average at $1.40. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Globalstar Inc stock

Globalstar Inc finds support from accumulated volume at $1.46 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 $0.120 between high and low, or 8.82%. For the last week, the stock has had daily average volatility of 4.79%.

Our recommended stop-loss: $1.40 (-4.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (GSAT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Globalstar Inc to open at $1.44, and during the day (based on 14 day Average True Range), to move between $1.38 and $1.56, which gives a possible trading interval of +/-$0.0879 (+/-5.98%) up or down from last closing price. If Globalstar Inc takes out the full calculated possible swing range there will be an estimated 11.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.46 (0.68%) than the resistance at $1.60 (8.84%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.420 Hold/Accumulate Upgraded

Predicted Opening Price for Globalstar Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.44 ( 2.27%) $1.47

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 1.56 5.90 %
R2 1.51 2.78 %
R1 1.48 0.85 %
Current price: 1.47
Support S1 1.39 -5.39 %
S2 1.36 -7.31 %
S3 1.32 -10.43 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.71 16.33 %
R2 1.68 14.29 %
R1 1.60 8.84 %
Current price 1.47
Support S1 1.46 -0.680%
S2 1.45 -1.36%
S3 1.39 -5.44%

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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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 2024-03-28, the price of an Globalstar Inc (GSAT) share was $1.47.

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 2024-03-28, the market capitalization of Globalstar Inc is 2.793B.

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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