GLOBALSTAR INC. - 1H - Technical analysis published on 05/31/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 1.17 USD
My targets
1.08 USD (-3.57%)
1.05 USD (-6.25%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GLOBALSTAR INC.. As long as you are under the resistance located at 1.17 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.08 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.05 USD as an objective. Crossing it would then enable sellers to target 0.87 USD. If the resistance 1.17 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GLOBALSTAR INC. price is 1.12 USD. The price registered a decrease of -0.89% on the session and was traded between 1.10 USD and 1.15 USD over the period. The price is currently at +1.82% from its lowest and -2.61% from its highest.1.10
1.15
1.12
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GLOBALSTAR INC.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GLOBALSTAR INC. indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.87 | 1.05 | 1.08 | 1.12 | 1.12 | 1.17 | 1.26 |
| Change (%) | -22.32% | -6.25% | -3.57% | 0% | - | +4.46% | +12.50% |
| Change | -0.25 | -0.07 | -0.04 | 0 | - | +0.05 | +0.14 |
| Level | Major | Intermediate | Intermediate | Minor | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.06 | 1.08 | 1.11 | 1.13 | 1.16 | 1.18 | 1.21 |
| Camarilla | 1.12 | 1.12 | 1.13 | 1.13 | 1.14 | 1.14 | 1.14 |
| Woodie | 1.06 | 1.08 | 1.11 | 1.13 | 1.16 | 1.18 | 1.21 |
| Fibonacci | 1.08 | 1.10 | 1.11 | 1.13 | 1.15 | 1.16 | 1.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.92 | 1.00 | 1.06 | 1.14 | 1.20 | 1.28 | 1.34 |
| Camarilla | 1.09 | 1.10 | 1.12 | 1.13 | 1.14 | 1.16 | 1.17 |
| Woodie | 0.92 | 1.00 | 1.06 | 1.14 | 1.20 | 1.28 | 1.34 |
| Fibonacci | 1.00 | 1.05 | 1.08 | 1.14 | 1.19 | 1.22 | 1.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.96 | 1.09 | 1.19 | 1.32 | 1.42 | 1.55 | 1.65 |
| Camarilla | 1.23 | 1.25 | 1.27 | 1.29 | 1.31 | 1.33 | 1.35 |
| Woodie | 0.95 | 1.08 | 1.18 | 1.31 | 1.41 | 1.54 | 1.64 |
| Fibonacci | 1.09 | 1.18 | 1.23 | 1.32 | 1.41 | 1.46 | 1.55 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.81 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -4.78 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 1.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.10 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.15 | |
| Zig ZAG (10): | 1.11 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 30.95 | |
| TEMA (21): | 1.12 | |
| Williams %R (14): | -71.43 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -1.6000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.47 |
| MA7: | 1.11 | |
| MA20: | 1.19 | |
| MA50: | 1.27 | |
| MA100: | 1.44 | |
| MAexp7: | 1.12 | |
| MAexp20: | 1.12 | |
| MAexp50: | 1.14 | |
| MAexp100: | 1.16 | |
| Price / MA7: | +0.90% | |
| Price / MA20: | -5.88% | |
| Price / MA50: | -11.81% | |
| Price / MA100: | -22.22% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -1.75% | |
| Price / MAexp100: | -3.45% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
The last news published on GLOBALSTAR INC. at the time of the generation of this analysis was as follows:
- Globalstar Announces Second Quarter 2023 Results
- Globalstar, Inc. Earnings Release and Call Notice
- Globalstar Announces Engagement With Jason Bernstein to Provide Strategic Advice on Investor Relations and Outreach
- Globalstar Announces First Quarter 2023 Results
- Globalstar, Inc. Earnings Release and Call Notice
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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