Glencore Plc Stock Technical Analysis
| GLCNF Stock | USD 6.17 0.05 0.82% |
As of the 28th of May, Glencore PLC retains the Market Risk Adjusted Performance of 0.6782, downside deviation of 1.55, and Risk Adjusted Performance of 0.154. 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 interpolate nineteen technical drivers for Glencore PLC, which can be compared to its competitors. Please check out Glencore PLC treynor ratio, and the relationship between the standard deviation and downside variance to decide if Glencore PLC is priced fairly, providing market reflects its last-minute price of 6.17 per share. Given that Glencore PLC has jensen alpha of 0.3804, we strongly advise you to confirm Glencore PLC'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 GlencoreGlencore |
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.
Glencore PLC Technical Analysis
The output start index for this execution was seven with a total number of output elements of fifty-four. 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 volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Glencore PLC Trend Analysis
Use this graph to draw trend lines for Glencore PLC. 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 applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Glencore PLC will continue generating value for investors. It has 122 observation points and a regression sum of squares at 16.92, 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 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 based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Glencore PLC price pattern first instead of the macroeconomic environment surrounding Glencore PLC. 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 May 28, 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.154 | |||
| Market Risk Adjusted Performance | 0.6782 | |||
| Mean Deviation | 1.19 | |||
| Semi Deviation | 1.02 | |||
| Downside Deviation | 1.55 | |||
| Coefficient Of Variation | 395.0 | |||
| Standard Deviation | 1.63 | |||
| Variance | 2.67 | |||
| Information Ratio | 0.2237 | |||
| Jensen Alpha | 0.3804 | |||
| Total Risk Alpha | 0.2968 | |||
| Sortino Ratio | 0.2354 | |||
| Treynor Ratio | 0.6682 | |||
| Maximum Drawdown | 8.87 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 3.07 | |||
| Downside Variance | 2.41 | |||
| Semi Variance | 1.03 | |||
| Expected Short fall | (1.37) | |||
| Skewness | 0.419 | |||
| Kurtosis | 1.33 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glencore PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Global Correlations Find global opportunities by holding instruments from different markets |