Globalstar (GSAT, $19.62) price may drop as it broke higher Bollinger Band on Jun 04, 2025

#WirelessTelecommunications, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MidCap, #Russel2000
GSAT - Globalstar Inc
Bollinger signal
Bearish Trend
90%
Odds of DOWN Trend
Price: $19.62
Daily change: +$0.67 (+3.54%)
Daily volume: 555.4K
Capitalization: $2.5B
Industry: Wireless Telecommunications

This price move could be a signal that GSAT may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 44 similar cases where GSAT's price broke its higher Bollinger Band, and 42 of them led to a successful outcome. Odds of Success: 90%.