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Takip Edin: @UscMarketsGLCNF Stock Forecast & Glencore plc Chart Analysis
This article provides a detailed analysis of GLCNF-Glencore plc stock including a forecast for GLCNF shares. It features Glencore plc technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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GLCNF Historical Data Review
GLCNF Current Price Performance Analysis
The Glencore plc - GLCNF stock traded on the American stock market, on 06-05-2024, closed at 6.05$ with a %1.17 increased compared to the previous day.
In the last month, the price of GLCNF changed by %3.77 increased in value, from 5.83 dollars on 05-06-2024 to 6.05 dollars, increased.
Last year, the price of GLCNF was 5.32 dollars on 06-06-2023, and changed by %13.72 increased in value, to 6.05 dollars increased within a year.
The price of Glencore plc stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
GLCNF with AI Stock Forecast & Price Target
On the GLCNF chart Glencore plc price was recorded as 6.05 Dollars on 06/05/2024.
The artificial intelligence's forecast on GLCNF stock is as follows.
The artificial intelligence's prediction error margin for GLCNF stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Glencore plc stock over the next 4 months is: 5.5 Dollars.
The commentary on GLCNF stock Target Price: Highest: 6.234 Dollars is predicted.
The commentary on GLCNF stock Target Price: Lowest: 5.108 Dollars is predicted.
Resistance Price where Glencore plc stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 6.234 |
| 09-23-2024 | 5.652 |
| 12-27-2024 | 5.475 |
| 02-20-2025 | 5.471 |
Support Price where Glencore plc stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 5.364 |
| 11-07-2024 | 5.108 |
| 01-21-2025 | 5.380 |
| 03-27-2025 | 5.138 |
The commentary on GLCNF stock: Fluctuations in the target price can be expected in the coming days.
The target price for Glencore plc stock by the end of 2024 is predicted to be 5.475 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on GLCNF stock, and the 2024 target price predictions for Glencore plc are detailed above.
The technical analysis and charts for the commentary on GLCNF stock are below.
GLCNF Support & Resistance and Trend Analysis
GLCNF stock you have reviewed the technical analysis support resistance charts regarding.
GLCNF : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the GLCNF review, the Glencore plc support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Glencore plc Support and Resistance Prices:
| GLCNF Support Level Price | GLCNF Resistance Level Price |
|---|---|
| 4.66 | 5.10 |
| 5.02 | 5.48 |
| 5.13 | 5.57 |
| 5.18 | 5.87 |
| 5.26 | 5.97 |
| 5.43 | 6.00 |
| 5.49 | 6.01 |
| 5.65 | 6.08 |
| 5.95 | 6.27 |
| 6.06 | 6.40 |
GLCNF Technical Analysis: SMA, RSI, MACD
Upon reviewing the GLCNF chart, buy and sell signals have been generated in the Glencore plc technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for GLCNF stock are as follows:- The technical analysis for GLCNF indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for Glencore plc indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Glencore plc stock: Click here to read more predictions on Emerson Electric Co. stock.
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