SATS slips to lowest close since October 18, 2019
EchoStar Corporation (SATS) Technical Analysis Report for Feb 10, 2020 | by Techniquant Editorial Team
Moving lower for the 3rd day in a row, SATS ended Monday at 38.11 losing $0.56 (-1.45%), significantly underperforming the S&P 500 (0.73%). Today's close at 38.11 marks the lowest recorded closing price since October 18, 2019.
Daily Candlestick Chart (SATS as at Feb 10, 2020):
Monday's trading range has been $0.78 (2.03%), that's slightly below the last trading month's daily average range of $0.84. Things look different on the weekly timeframe, where the market's trading range of the last week has been above the market's average weekly trading range. The longer-term, monthly volatility is currently notably higher than usual for SATS.
Prices are trading close to the key technical resistance level at 38.53 (R1).
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.