Glencore Plc Adr Stock Technical Analysis

GLNCY Stock  USD 11.65  0.12  1.02%   
As of the 23rd of April, Glencore PLC retains the Market Risk Adjusted Performance of 0.2321, risk adjusted performance of 0.067, and Downside Deviation of 1.79. Glencore PLC technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down nineteen technical drivers for Glencore PLC ADR, which can be compared to its competitors. Please check out Glencore PLC ADR mean deviation, information ratio, as well as the relationship between the Information Ratio and downside variance to decide if Glencore PLC is priced fairly, providing market reflects its last-minute price of 11.65 per share. Given that Glencore PLC ADR has jensen alpha of 0.1, we strongly advise you to confirm Glencore PLC ADR's regular market performance to make sure the company can sustain itself at a future point.

Glencore PLC Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Glencore, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Glencore
  
Glencore PLC's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Glencore PLC technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
A focus of Glencore PLC technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Glencore PLC trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Glencore PLC ADR Technical Analysis

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The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Glencore PLC ADR volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Glencore PLC ADR Trend Analysis

Use this graph to draw trend lines for Glencore PLC ADR. You can use it to identify possible trend reversals for Glencore PLC as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Glencore PLC price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Glencore PLC Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Glencore PLC ADR applied against its price change over selected period. The best fit line has a slop of   0.03  , which means Glencore PLC ADR will continue generating value for investors. It has 122 observation points and a regression sum of squares at 41.43, which is the sum of squared deviations for the predicted Glencore PLC price change compared to its average price change.

About Glencore PLC Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Glencore PLC ADR on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Glencore PLC ADR based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Glencore PLC ADR price pattern first instead of the macroeconomic environment surrounding Glencore PLC ADR. By analyzing Glencore PLC's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Glencore PLC's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Glencore PLC specific price patterns or momentum indicators. Please read more on our technical analysis page.

Glencore PLC April 23, 2024 Technical Indicators

Most technical analysis of Glencore help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Glencore from various momentum indicators to cycle indicators. When you analyze Glencore charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Glencore PLC April 23, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Glencore stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glencore PLC ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the Glencore PLC ADR information on this page should be used as a complementary analysis to other Glencore PLC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for Glencore Pink Sheet analysis

When running Glencore PLC's price analysis, check to measure Glencore PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Glencore PLC is operating at the current time. Most of Glencore PLC's value examination focuses on studying past and present price action to predict the probability of Glencore PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Glencore PLC's price. Additionally, you may evaluate how the addition of Glencore PLC to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Glencore PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Glencore PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Glencore PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.