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$5.92 (-4.82%)

Volume: 2M

Closed: Dec 03, 2021

Hollow Logo Score: -6.367

Ferroglobe PLC Stock Forecast

$5.92 (-4.82%)

Volume: 2M

Closed: Dec 03, 2021

Score Hollow Logo -6.367
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Key Stats
P/E Ratio -3.68
Beta 2.6
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 33 and the stock is currently not being overbought or oversold

Ferroglobe PLC stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-11 Loss -15.06%

The Ferroglobe PLC stock price fell by -4.82% on the last day (Friday, 3rd Dec 2021) from $6.22 to $5.92. During the day the stock fluctuated 7.76% from a day low at $5.80 to a day high of $6.25. The price has been going up and down for this period, and there has been a -1.82% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -64 thousand shares and in total, 2 million shares were bought and sold for approximately $11.17 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -28.90% during the next 3 months and, with a 90% probability hold a price between $3.47 and $5.11 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.

Signals & Forecast

There are few to no technical positive signals at the moment. The Ferroglobe PLC stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $6.19 and $6.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, October 01, 2021, and so far it has fallen -36.07%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.45 between high and low, or 7.76%. For the last week, the stock has had a daily average volatility of 8.42%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Ferroglobe PLC stock A Buy?

Ferroglobe PLC holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.367

Predicted Opening Price for Ferroglobe PLC of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$5.99 $5.92 (Undervalued)
Strong Sell Candidate Downgraded

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Volatility and Risk
Daily Average Volatility: 8.42 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.42 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $6.03
Price: $5.92
No Support Found

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 6.44 8.78 %
6.27 5.88 %
6.16 4.09 %
Current price: 5.92
Support 5.82 -1.72 %
5.71 -3.52 %
5.54 -6.42 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 7.37 24.49 %
6.32 6.76 %
6.03 1.86 %
Current price 5.92
Support 0 .
0 .
0 .

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About Ferroglobe PLC

Ferroglobe PLC Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. It operates in two segments, Electrometallurgy and Energy. The company offers silicon metal that is used by aluminum and silicone chemical producers, as well as used in the production of polysilicon; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese, which is used as a deo... Read more

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