Glencore Stock Forecast

Buy or Hold candidate since Jul 30, 2026 Gain 8.53%

The Glencore plc stock price gained 1.97% on the last trading day (Monday, 10th Aug 2026), rising from $7.61 to $7.76. During the last trading day the stock fluctuated 1.97% from a day low at $7.61 to a day high of $7.76. The price has risen in 6 of the last 10 days and is up by 13.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $10.85 thousand.

Given the current short-term trend, the stock is expected to fall -10.25% during the next 3 months and, with a 90% probability hold a price between $5.65 and $6.96 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

GLCNF Signals & Forecast

The Glencore plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $7.52 and $7.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, July 08, 2026, and so far it has risen 17.13%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Glencore plc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Glencore plc stock

On the downside, the stock finds support just below today's level from accumulated volume at $7.17 and $7.09. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Glencore plc finds support just below today's level at $7.17. If this is broken, then the next support from accumulated volume will be at $7.09 and $6.85.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.150 between high and low, or 1.97%. For the last week, the stock has had daily average volatility of 1.23%.

Our recommended stop-loss: $7.40 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (GLCNF) For The Upcoming Trading Day Of Tuesday 11th

For the upcoming trading day on Tuesday, 11th we expect Glencore plc to open at $7.71, and during the day (based on 14 day Average True Range), to move between $7.67 and $7.85, which gives a possible trading interval of +/-$0.182 (+/-2.38%) up or down from last closing price. If Glencore plc takes out the full calculated possible swing range there will be an estimated 2.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $7.78 (0.26%) than the support at $7.17 (7.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Dividend Warning For GLCNF

Dividend coming up for GLCNF: Ex-dividend date (Thursday 27th August, 2026) is 16 days away. The dividend is $0.0800.

Is Glencore plc stock A Buy?

Glencore plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Fair Opening Price

Predicted fair opening price on August 11, 2026 - $7.71 ( 0.644%).

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