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EchoStar Corporation Stock Forecast NASDAQ:SATS

$28.23 (-0.28%)

Volume: 411k

Closed: Nov 29, 2021

Hollow Logo Score: 1.005

EchoStar Corporation Stock Forecast

$28.23 (-0.28%)

Volume: 411k

Closed: Nov 29, 2021

Score Hollow Logo 1.005
Which way will SATS go? Request
Stop-loss: $27.06 (-4.13%)
Key Stats
P/E Ratio 7.36
Beta 0.88
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 61 and the stock is currently not being overbought or oversold

EchoStar Corporation stock price down 0.28% on Monday
(Updated on Nov 29, 2021)


Buy or Hold candidate since 2021-11-03 Gain 8.45%

The EchoStar Corporation stock price fell by -0.28% on the last day (Monday, 29th Nov 2021) from $28.31 to $28.23. and has now fallen 3 days in a row. During the day the stock fluctuated 4.81% from a day low at $27.64 to a day high of $28.97. The price has fallen in 6 of the last 10 days and is down by -6.74% for this period. Volume has increased on the last day by 82 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 411 thousand shares were bought and sold for approximately $11.60 million.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.22% during the next 3 months and, with a 90% probability hold a price between $26.20 and $33.51 at the end of this 3-month period.

Signals & Forecast

The EchoStar Corporation stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $29.11. On a fall, the stock will find some support from the long-term average at approximately $26.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, November 12, 2021, and so far it has fallen -6.74%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $26.12 and $26.03. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, EchoStar Corporation finds support just below today's level at $26.12. If this is broken, then the next support from accumulated volume will be at $26.03 and $25.04.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.33 between high and low, or 4.81%. For the last week, the stock has had a daily average volatility of 4.20%.

Our recommended stop-loss: $27.06 (-4.13%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 10 days ago.)

Is EchoStar Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for EchoStar Corporation stock to perform well in the short-term.

Current score: 1.005

Predicted Opening Price for EchoStar Corporation of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$28.28 $28.23 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Nov 10, 2021 "Raymond James" gave "$63.00 - $64.00" rating for SATS. The price target was set to $27.71+2.8%.

Volatility and Risk
Daily Average Volatility: 4.20 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.20 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $29.23
Price: $28.23
Support: $26.12

SATS Insider Trading Show all Trades

INSIDER POWER

0.781

Last 100 transactions
Buy: 108 559 378 | Sell: 138 937 733 (Shares)
Date Action Amount Person Type
Jul 01, 2021 Buy 5 000 Wade William David Non-Employee Director Stock Option
Jul 01, 2021 Buy 5 000 Tarr Jeffrey R Non-Employee Director Stock Option
Jul 01, 2021 Buy 5 000 Schroeder C Mike Non-Employee Director Stock Option
Jul 01, 2021 Buy 10 000 Hershman Lisa W. Non-Employee Director Stock Option
Jul 01, 2021 Buy 5 000 Dodge R Stanton Non-Employee Director Stock Option
Show all Insider Trades
INSIDER POWER

0.781

Last 100 transactions
Buy: 108 559 378 | Sell: 138 937 733 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 29.61 4.89 %
29.10 3.09 %
28.79 1.98 %
Current price: 28.23
Support 27.77 -1.62 %
27.46 -2.73 %
26.95 -4.53 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 30.27 7.23 %
29.89 5.88 %
29.23 3.54 %
Current price 28.23
Support 26.12 -7.47%
26.03 -7.79%
25.04 -11.30%

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About EchoStar Corporation

EchoStar EchoStar Corporation provides satellite operations, video delivery solutions, digital set-top boxes, and broadband satellite technologies and services for home and office worldwide. The company operates in three segments: EchoStar Technologies, Hughes, and EchoStar Satellite Services. The EchoStar Technologies segment designs, develops, and distributes high-definition and standard-definition digital set-top boxes, and related products and technol... Read more

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