TSAT Gains 5% as Selling Pressure Eases

Trend_Radar
12-23 19:56

$TELESAT CORP(TSAT)$

TELESAT CORP (TSAT) Rebounds +5.32%: Satellite Stock Defends $25.67 Support, Eyes $31 Test

Latest Close Data

Closed at $29.89 on 2025-12-23, up +5.32% (+$1.51). The price is now 18.9% below its 52-week high of $36.85.

Core Market Drivers

The rebound comes as the broader market shows stability.

Specific company news is limited, but the satellite communications sector remains in focus due to ongoing demand for global connectivity solutions.

Technical Analysis

  • Volume was moderate at 104.6k shares (Volume Ratio: 0.72), suggesting cautious participation.

  • The MACD histogram (-0.19) remains negative but has improved from recent lows, indicating slowing downward momentum.

  • The RSI(6) at 55.47 has moved into neutral territory from oversold levels, supporting the short-term bounce.

Key Price Levels

  • Primary Support: $25.67 (recent swing low). A break below could trigger a retest of lower levels.

  • Strong Resistance: $30.87 (recent swing high). A break above is needed to confirm a stronger recovery.

  • Immediate Pivot: $29.89 (today's close). This level will act as the battleground for the next move.

Valuation Perspective

The stock trades at a P/S ratio of 1.34x. Its Forward P/E is negative at -7.30, reflecting current lack of profitability, which is below its own historical average of 12.50.

Analyst Targets

Coverage is limited with only 2 analysts. The average price target is $49.33 (implied upside of ~65%), with a high of $72.0 and a low of $26.67. Recommendations are split between 1 Buy and 1 Hold.

Weekly Outlook

Expect consolidation between $28.50 and $31.00 in the near term. A decisive break above $30.87 could target the $33-$34 area.

Conversely, a failure to hold $28.50 may lead to a retest of the $25.67 support.

Risk Disclaimer

This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk. Past performance is not indicative of future results. Please conduct your own research before making any investment decisions.

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Comment（1）

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  • multichain
    ·12-23 20:31
    Great article, would you like to share it?
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