Glencore International PLC, St. Helier Stock Forecast
Green day on Friday for Glencore International PLC, St. Helier
(Updated on May 31, 2024)
The Glencore International PLC, St. Helier stock price gained 0.491% on the last trading day (Friday, 31st May 2024), rising from $12.22 to $12.28. During the last trading day the stock fluctuated 1.24% from a day low at $12.13 to a day high of $12.28. The price has risen in 6 of the last 10 days but is still down by -1.68% for this period. Volume fell on the last day by -351 thousand shares and in total, 280 thousand shares were bought and sold for approximately $3.44 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.86% during the next 3 months and, with a 90% probability hold a price between $14.57 and $15.84 at the end of this 3-month period.
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GLNCY Signals & Forecast
The Glencore International PLC, St. Helier 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 $12.26 and $11.96. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -3.31%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, July 11, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, July 11, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Glencore International PLC, St. Helier stock
Glencore International PLC, St. Helier finds support from accumulated volume at $12.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 1.24%. For the last week, the stock has had daily average volatility of 1.09%.
Our recommended stop-loss: $11.87 (-3.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (GLNCY) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Glencore International PLC, St. Helier to open at $12.23, and during the day (based on 14 day Average True Range), to move between $12.05 and $12.51, which gives a possible trading interval of +/-$0.232 (+/-1.89%) up or down from last closing price. If Glencore International PLC, St. Helier takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.22 (0.49%) than the resistance at $12.39 (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Glencore International PLC, St. Helier stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Glencore International PLC, St. Helier stock to perform well in the short-term.
Current score: 2.337 Buy Candidate Unchanged
Predicted Opening Price for Glencore International PLC, St. Helier of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
$12.23 ( 0.407%) | $12.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLNCY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.38 | 0.81 % | |
R2 | 12.32 | 0.348 % | ||
R1 | 12.29 | 0.0594 % | ||
Current price: | 12.28 | |||
Support | S1 | 12.17 | -0.87 % | |
S2 | 12.14 | -1.16 % | ||
S3 | 12.08 | -1.63 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.65 | 3.01 % | |
R2 | 12.44 | 1.30 % | ||
R1 | 12.39 | 0.90 % | ||
Current price | 12.28 | |||
Support | S1 | 12.22 | -0.489% | |
S2 | 10.89 | -11.32% | ||
S3 | 10.60 | -13.68% |
GLNCY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 30, 2024 | Aug 30, 2024 | Sep 27, 2024 | $0.111 | 0.90% |
2 | May 02, 2024 | May 02, 2024 | Jun 20, 2024 | $0.116 | 0.94% |
3 | Aug 18, 2023 | Aug 31, 2023 | Oct 06, 2023 | $0.600 | 5.50% |
4 | Aug 03, 2023 | May 04, 2023 | Jun 16, 2023 | $0.440 | 3.66% |
5 | Aug 31, 2022 | Sep 01, 2022 | Sep 29, 2022 | $0.480 | 4.45% |
FAQ
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