Week of Wins: $GSAT Thrives with +4.67% Gain from Trader Robot
One noteworthy example is the "Swing trader: Top High-Volatility Stocks v.2 (TA)" bot, which recently achieved an impressive +4.67% gain while trading GSAT over the course of the previous week. In this article, we delve into the technical analysis of GSAT's recent performance, exploring key indicators and market trends.
GSAT's MACD Histogram Turns Positive:
A significant development in GSAT's recent performance is the positive turn of its Moving Average Convergence Divergence (MACD) Histogram on November 15, 2023. Historical data reveals that in 40 out of 46 instances where GSAT's MACD turned positive, the stock continued to rise over the following month, indicating an 87% probability of a continued upward trend.
Market Cap Insights:
Understanding the market capitalization of GSAT in comparison to its industry peers is crucial for assessing its position in the market. The average market capitalization in the Wireless Telecommunications Industry stands at 14.63B, with a wide range from 9.67K to 12.88T. Notably, LNETF boasts the highest valuation at 12.88T, while IGLDF holds the lowest value at 9.67K.
High and Low Price Notable News:
Analyzing price movements provides valuable insights into the volatility and growth potential of GSAT and its industry counterparts. Across all stocks in the Wireless Telecommunications Industry, the average weekly price growth is 1%. In contrast, the average monthly and quarterly price growth are 6% and -1%, respectively. TRAGF stands out with the highest weekly price growth at 31%, while COMSP experienced a significant fall of -37%.
Volume Trends in the Wireless Telecommunications Industry:
Volume is a key metric that reflects the level of market activity. The average weekly volume growth across all stocks in the Wireless Telecommunications Industry is an impressive 132%. However, monthly and quarterly volume growth averages -24% and -55%, respectively. Understanding these trends is essential for assessing the liquidity and investor interest in the industry.
Summary:
The success of the AI trading robots, exemplified by the notable performance of the "Swing trader: Top High-Volatility Stocks v.2 (TA)" bot with GSAT, highlights the potential of algorithmic trading in navigating dynamic market conditions. Technical analysis, incorporating indicators like the MACD Histogram, market capitalization, price movements, and volume trends, provides valuable insights for both seasoned and novice investors.
GSAT in -5.13% downward trend, sliding for three consecutive days on December 18, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where GSAT declined for three days, in of 266 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for GSAT moved out of overbought territory on December 11, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GSAT as a result. In of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for GSAT turned negative on December 12, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 54 similar instances when the indicator turned negative. In of the 54 cases the stock turned lower in the days that followed. This puts the odds of success at .
GSAT broke above its upper Bollinger Band on December 03, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 50-day moving average for GSAT moved above the 200-day moving average on November 14, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GSAT advanced for three days, in of 214 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 185 cases where GSAT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GSAT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.702) is normal, around the industry mean (4.726). P/E Ratio (0.000) is within average values for comparable stocks, (113.894). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (8.093). GSAT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.059). P/S Ratio (11.074) is also within normal values, averaging (13.458).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
Notable companies
Industry description
Market Cap
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of mobile satellite services
Industry WirelessTelecommunications