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 SATS
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Volatile ride for EchoStar Corporation stock price on Wednesday moving between $12.74 and $14.07
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The EchoStar Corporation stock price gained 8.19% on the last trading day (Wednesday, 27th Mar 2024), rising from $12.95 to $14.01. During the last trading day the stock fluctuated 10.40% from a day low at $12.74 to a day high of $14.07. The price has fallen in 6 of the last 10 days and is down by -9.38% for this period. Volume fell on the last day by -172 thousand shares and in total, 1 million shares were bought and sold for approximately $15.38 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 -10.84% during the next 3 months and, with a 90% probability hold a price between $10.23 and $13.52 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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SATS Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -9.38%. 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). The EchoStar Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $13.59 and $13.48. A breakdown below any of these levels will issue sell signals. 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.

Support, Risk & Stop-loss for EchoStar Corporation stock

EchoStar Corporation finds support from accumulated volume at $13.57 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 $1.33 between high and low, or 10.40%. For the last week, the stock has had daily average volatility of 6.18%.

Our recommended stop-loss: $13.26 (-5.36%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect EchoStar Corporation to open at $13.61, and during the day (based on 14 day Average True Range), to move between $13.11 and $14.91, which gives a possible trading interval of +/-$0.90 (+/-6.46%) up or down from last closing price. If EchoStar Corporation takes out the full calculated possible swing range there will be an estimated 12.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.57 (3.14%) than the resistance at $15.71 (12.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is EchoStar Corporation stock A Buy?

EchoStar Corporation 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 Strong Sell to a Hold/Accumulate candidate.

Current score: 0.956 Hold/Accumulate Upgraded

Predicted Opening Price for EchoStar Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$13.61 ( 2.89%) $14.01

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

Trading levels for SATS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.93 6.57 %
R2 14.42 2.95 %
R1 14.11 0.722 %
Current price: 14.01
Support S1 13.10 -6.50 %
S2 12.79 -8.74 %
S3 12.28 -12.35 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.65 18.84 %
R2 16.57 18.27 %
R1 15.71 12.13 %
Current price 14.01
Support S1 13.57 -3.14%
S2 13.50 -3.64%
S3 12.66 -9.64%

FAQ

What is the symbol for EchoStar Corporation Stock and on which exchange is it traded?
The symbol for EchoStar Corporation is SATS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell EchoStar Corporation Stock?
EchoStar Corporation 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 Strong Sell to a Hold/Accumulate candidate.

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

What's the current price of EchoStar Corporation Stock?
As of the end of day on the 2024-03-27, the price of an EchoStar Corporation (SATS) share was $14.01.

What is the 52-week high and low for EchoStar Corporation Stock?
The 52-week high for EchoStar Corporation Stock is $24.80 and the 52-week low is $9.53.

What is the market capitalization of EchoStar Corporation Stock?
As of the 2024-03-27, the market capitalization of EchoStar Corporation is 3.516B.

When is the next earnings date for EchoStar Corporation?
The upcoming earnings date for EchoStar Corporation is May 13, 2024.
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About EchoStar Corporation

EchoStar EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in two segments, Hughes and EchoStar Satellite Services (ESS). The Hughes segment offers broadband network technologies, managed services, equipment, hardware, satellite services, and communications solutions to government and enterprise customers. The segment also designs, provides, and installs gateway and terminal... SATS Profile

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