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* 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 fell more than -6.08% Monday closing at $1.39
(Updated on Mar 04, 2024)

Sell candidate since Mar 01, 2024 Loss -6.08% PDF
The Globalstar Inc stock price fell by -6.08% on the last day (Monday, 4th Mar 2024) from $1.48 to $1.39. During the last trading day the stock fluctuated 6.47% from a day low at $1.37 to a day high of $1.46. The price has been going up and down for this period, and there has been a -17.75% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -148 thousand shares and in total, 5 million shares were bought and sold for approximately $7.49 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.32 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.87% during the next 3 months and, with a 90% probability hold a price between $1.26 and $1.93 at the end of this 3-month period.

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GSAT Signals & Forecast

There are few to no technical positive signals at the moment. 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 $1.56 and $1.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, January 08, 2024, and so far it has fallen -33.49%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Globalstar Inc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.0887 between high and low, or 6.47%. For the last week, the stock has had daily average volatility of 7.28%.

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 Tuesday 5th

For the upcoming trading day on Tuesday, 5th we expect Globalstar Inc to open at $1.41, and during the day (based on 14 day Average True Range), to move between $1.29 and $1.49, which gives a possible trading interval of +/-$0.102 (+/-7.34%) up or down from last closing price. If Globalstar Inc takes out the full calculated possible swing range there will be an estimated 14.68% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $1.45, some $0.0600 (4.32%) from the current price of $1.39, our system finds the risk reward not very attractive.

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.355 Strong Sell Candidate Downgraded

Predicted Opening Price for Globalstar Inc of Tuesday, March 5, 2024

Fair opening price March 5, 2024 Current price
$1.41 ( 1.23%) $1.39

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

News Digest

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.50 7.61 %
R2 1.46 5.17 %
R1 1.44 3.67 %
Current price: 1.39
Support S1 1.37 -1.21 %
S2 1.35 -2.71 %
S3 1.32 -5.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.71 23.02 %
R2 1.67 20.14 %
R1 1.45 4.32 %
Current price 1.39
Support S1 0 .
S2 0 .
S3 0 .

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell 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 2024-03-04, the price of an Globalstar Inc (GSAT) share was $1.39.

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 2024-03-04, the market capitalization of Globalstar Inc is 2.812B.

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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