GLOBALSTAR INC. - 1H - Technical analysis published on 08/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
72%
6%
My opinion
Bearish under 1.14 USD
My targets
1.11 USD (-0.89%)
1.07 USD (-4.46%)
My analysis
The bearish trend is currently very strong for GLOBALSTAR INC.. As long as the price remains below the resistance at 1.14 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.11 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.07 USD as an objective. Crossing it would then enable sellers to target 1.03 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.7
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Additional analysis
Quotes
GLOBALSTAR INC. rating 1.12 USD. The price is lower by -1.75% since the last closing and was traded between 1.10 USD and 1.14 USD over the period. The price is currently at +1.82% from its lowest and -1.75% from its highest.1.10
1.14
1.12
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GLOBALSTAR INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GLOBALSTAR INC. in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 1 are neutral and 13 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.03 | 1.07 | 1.11 | 1.12 | 1.14 | 1.19 | 1.23 |
| Change (%) | -8.04% | -4.46% | -0.89% | - | +1.79% | +6.25% | +9.82% |
| Change | -0.09 | -0.05 | -0.01 | - | +0.02 | +0.07 | +0.11 |
| Level | Intermediate | Major | Minor | - | Minor | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.99 | 1.06 | 1.10 | 1.17 | 1.21 | 1.28 | 1.32 |
| Camarilla | 1.11 | 1.12 | 1.13 | 1.14 | 1.15 | 1.16 | 1.17 |
| Woodie | 0.98 | 1.05 | 1.09 | 1.16 | 1.20 | 1.27 | 1.31 |
| Fibonacci | 1.06 | 1.10 | 1.13 | 1.17 | 1.21 | 1.24 | 1.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.07 | 1.12 | 1.18 | 1.23 | 1.29 | 1.34 | 1.40 |
| Camarilla | 1.22 | 1.23 | 1.24 | 1.25 | 1.26 | 1.27 | 1.28 |
| Woodie | 1.09 | 1.12 | 1.20 | 1.23 | 1.31 | 1.34 | 1.42 |
| Fibonacci | 1.12 | 1.16 | 1.19 | 1.23 | 1.27 | 1.30 | 1.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.79 | 0.93 | 1.07 | 1.21 | 1.35 | 1.49 | 1.63 |
| Camarilla | 1.13 | 1.16 | 1.18 | 1.21 | 1.24 | 1.26 | 1.29 |
| Woodie | 0.79 | 0.93 | 1.07 | 1.21 | 1.35 | 1.49 | 1.63 |
| Fibonacci | 0.93 | 1.04 | 1.10 | 1.21 | 1.32 | 1.38 | 1.49 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 27.07 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -19.04 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 1.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.20 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 1.20 | |
| Zig ZAG (10): | 1.12 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 10.32 | |
| TEMA (21): | 1.13 | |
| Williams %R (14): | -90.91 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | 1.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 10.56 |
| MA7: | 1.19 | |
| MA20: | 1.24 | |
| MA50: | 1.15 | |
| MA100: | 1.23 | |
| MAexp7: | 1.14 | |
| MAexp20: | 1.17 | |
| MAexp50: | 1.19 | |
| MAexp100: | 1.21 | |
| Price / MA7: | -5.88% | |
| Price / MA20: | -9.68% | |
| Price / MA50: | -2.61% | |
| Price / MA100: | -8.94% | |
| Price / MAexp7: | -1.75% | |
| Price / MAexp20: | -4.27% | |
| Price / MAexp50: | -5.88% | |
| Price / MAexp100: | -7.44% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
Don't forget to follow the news on GLOBALSTAR INC.. At the time of publication of this analysis, the latest news 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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