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Glencore Plc (GLEN.L) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 25 May 2017NoneBearish EngulfingWed, 17 May 20170.48%
***Stock database and scans are updated around midnight (London time) every trading day.
292.50 0.00 (0%) May 26 10:04pm BST
Open: 290.45 Range: 289.35 - 294.00 Vol: 26.78M Avg Vol: 46.9M
EPS: 9.70 P/E ratio: 30.04 EBITDA: 7.66B Mkt Cap: 41.53B
Analyze "GLEN.L" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 292.52
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 292.30
Last Trade is below the 50 day moving average at 306.92
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 274.81
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of GLEN.L

Stock Trend Analysis - Buy, Sell or Hold "Glencore Plc" (GLEN.L)?

GLEN.L is in a very strong uptrend. In the last 52 weeks, GLEN.L has been trading above the 200 day moving average for 100% of the time with an average daily volume of 46.9M shares being traded. The 50 day moving average, currently at 306.92, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is however exhibiting very weak price action which could indicate early stages of a trend reversal or just a retracement. GLEN.L may be due for an oversold bounce. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in GLEN.L is near the 200 SMA currently at 274.81. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "GLEN.L".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 25 May 2017
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