GLENCORE ORD USD0.01 - Daily - Technical analysis published on 06/19/2019 (GMT)
- 501
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 297.49 GBX
My targets
269.33 GBX (-2.22%)
261.80 GBX (-4.96%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 297.49 GBX remains possible. It is advisable to trade GLENCORE ORD USD0.01 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 297.49 GBX. The next bearish objective for sellers is set at 269.33 GBX. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 261.80 GBX. In case of crossing, the next objective would be the support located at 254.65 GBX. PS: if there is a bullish break in the resistance located at 297.49 GBX we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GLENCORE ORD USD0.01 rating 275.45 GBX. On the day, this instrument lost -0.92% with the lowest point at 272.35 GBX and the highest point at 280.50 GBX. The deviation from the price is +1.14% for the low point and -1.80% for the high point.272.35
280.50
275.45
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of GLENCORE ORD USD0.01 in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 254.65 | 261.80 | 269.33 | 275.45 | 297.49 | 309.78 | 328.30 |
| Change (%) | -7.55% | -4.96% | -2.22% | - | +8.00% | +12.46% | +19.19% |
| Change | -20.80 | -13.65 | -6.12 | - | +22.04 | +34.33 | +52.85 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 261.93 | 266.07 | 272.03 | 276.17 | 282.13 | 286.27 | 292.23 |
| Camarilla | 275.22 | 276.15 | 277.07 | 278.00 | 278.93 | 279.85 | 280.78 |
| Woodie | 262.85 | 266.52 | 272.95 | 276.62 | 283.05 | 286.73 | 293.15 |
| Fibonacci | 266.07 | 269.92 | 272.31 | 276.17 | 280.02 | 282.41 | 286.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 254.15 | 258.65 | 265.35 | 269.85 | 276.55 | 281.05 | 287.75 |
| Camarilla | 268.97 | 270.00 | 271.02 | 272.05 | 273.08 | 274.10 | 275.13 |
| Woodie | 255.25 | 259.20 | 266.45 | 270.40 | 277.65 | 281.60 | 288.85 |
| Fibonacci | 258.65 | 262.93 | 265.57 | 269.85 | 274.13 | 276.77 | 281.05 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.78 | |
| MACD (12,26,9): | -2.4500 | |
| Directional Movement: | 2.20 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 265.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 262.88 | |
| Elder Ray (13): | 6.35 | |
| Super Trend (3,10): | 256.02 | |
| Zig ZAG (10): | 275.45 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 85.87 | |
| TEMA (21): | 270.43 | |
| Williams %R (14): | -16.95 | |
| Chande Momentum Oscillator (20): | 18.70 | |
| Repulse (5,40,3): | 0.5500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3300 | |
| Courbe Coppock: | 8.47 |
| MA7: | 272.71 | |
| MA20: | 264.72 | |
| MA50: | 288.20 | |
| MA100: | 293.95 | |
| MAexp7: | 272.22 | |
| MAexp20: | 270.78 | |
| MAexp50: | 280.53 | |
| MAexp100: | 288.32 | |
| Price / MA7: | +1.00% | |
| Price / MA20: | +4.05% | |
| Price / MA50: | -4.42% | |
| Price / MA100: | -6.29% | |
| Price / MAexp7: | +1.19% | |
| Price / MAexp20: | +1.72% | |
| Price / MAexp50: | -1.81% | |
| Price / MAexp100: | -4.46% |
News
Don"t forget to follow the news on GLENCORE ORD USD0.01. At the time of publication of this analysis, the latest news was as follows:
- Lifshitz & Miller LLP Announces Investigation of Glencore plc, Kingstone Companies, Inc., Mallinckrodt PLC, Metro Bank PLC, Momo Inc., Nabriva Therapeutics PLC, National General Holdings Corp, and Zillow Group, Inc.
- Glencore Enters Into Standby Purchase Agreement With PolyMet Mining Corp.
- Glencore Enters Into Debt Extension Agreement With PolyMet Mining Corp.
- Yamana Gold, Glencore and Goldcorp Enter Into an Agreement for the Integration of Agua Rica and Alumbrera
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Glencore PLC - GLNCY
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis GLENCORE ORD USD0.01 - Daily