Technical Analysis for TSAT - Telesat Corporation

Grade Last Price % Change Price Change
F 7.80 -1.39% -0.11
TSAT closed down 1.39 percent on Friday, May 17, 2024, on 26 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Weak + Overbought Other 0.00%
Inside Day Range Contraction 0.00%
Weak, Overbought and Reversal Signs Reversal 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
New Uptrend Bullish -1.39%
Stochastic Reached Overbought Strength -1.39%

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Profile

Telesat Corporation Description

Telesat Canada, a satellite operator, provides mission-critical communications solutions to broadcast, enterprise, and consulting customers worldwide. The company's satellite-based services allow direct-to-home (DTH) service providers to deliver television programming, audio, and information channels directly to customers' homes; and enables broadcasters, cable networks, and DTH service providers to transmit television programming services. It offers value-added services that include satellite capacity, digital encoding of video channels, authorization, and uplinking and downlinking services; and occasional use services for the broadcast of video news, sports, and live event coverages. The company also provides satellite capacity and end-to-end services comprising space segment services and terrestrial facilities for enterprise connectivity, and internet and cellular backhaul; rural telephony to telecommunications carriers and network services integrators; and other satellite services. In addition, it offers direct-to-consumer broadband services; communications services for the oil and gas and mining industries; and broadband communication services to maritime and aeronautical markets comprising commercial airplanes and vessels. Further, the company operates satellite and hybrid satellite/terrestrial networks. Additionally, it provides satellite operator services; and consulting services related to space and earth segments, government studies, research and development, and satellite control services. The company offers its services primarily through a direct sales force. As of December 31, 2020, it operated a fleet of 15 in-orbit geostationary satellites and a Canadian payload on the ViaSat-1 satellite. The company was formerly known as Telesat Holdings Inc. The company was founded in 1969 and is headquartered in Ottawa, Canada. Telesat Canada is a subsidiary of Loral Space & Communications Inc.


Classification

Sector: Technology
Industry: Communication Equipment
Keywords: Telecommunications Broadband Communications Services Satellite Internet Access Cable Network Communications Satellite Satellite Services Rural Telephony Telecommunications Carriers Telesat

Is TSAT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Comments

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TraderMike 9 months ago

IMG_2480.png 351 KB
this one worked out well! I saw this on the Calm After Storm scan over the weekend. I liked the recent momentum and relatively gentle pullback. It triggered just after 10:00 & 3.5 hours later I’m sitting on a 17% gain. 🎉

0 Reply
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TraderMike 9 months ago

I sold the other half today at $21.91 -- a 45% gain. Definitely keeping this on a watchlist & looking for a pullback

0 Reply
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TraderMike 9 months ago

Just sold half my shares up 25%.  Trailing a stop on the rest

0 Reply

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Indicators

Indicator Value
52 Week High 22.74
52 Week Low 6.9
Average Volume 41,989
200-Day Moving Average 10.96
50-Day Moving Average 8.17
20-Day Moving Average 7.50
10-Day Moving Average 7.54
Average True Range 0.37
RSI (14) 51.92
ADX 25.35
+DI 18.33
-DI 18.25
Chandelier Exit (Long, 3 ATRs) 7.00
Chandelier Exit (Short, 3 ATRs) 8.13
Upper Bollinger Bands 8.02
Lower Bollinger Band 6.99
Percent B (%b) 0.79
BandWidth 13.63
MACD Line -0.08
MACD Signal Line -0.19
MACD Histogram 0.1069
Fundamentals Value
Market Cap 105.19 Million
Num Shares 13.5 Million
EPS 9.31
Price-to-Earnings (P/E) Ratio 0.84
Price-to-Sales 0.66
Price-to-Book 0.27
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.06
Resistance 3 (R3) 8.07 7.98 8.02
Resistance 2 (R2) 7.98 7.91 7.98 8.00
Resistance 1 (R1) 7.89 7.87 7.94 7.89 7.99
Pivot Point 7.81 7.81 7.83 7.80 7.81
Support 1 (S1) 7.71 7.74 7.76 7.71 7.61
Support 2 (S2) 7.63 7.70 7.63 7.60
Support 3 (S3) 7.54 7.63 7.58
Support 4 (S4) 7.54