$GLEN ( Glencore ) Good entry or falling knife? idea shown above.. falling out of the channel and possibly further downside risk
Key facts today
Next report date
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Report period
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EPS estimate
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Revenue estimate
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−1 ZAR
80.28 B ZAR
4.09 T ZAR
9.92 B
About GLENCORE PLC ORD USD0.01
Sector
Industry
CEO
Gary Nagle
Website
Headquarters
Baar
Founded
1974
ISIN
JE00B4T3BW64
FIGI
BBG005J4LYZ3
Glencore Plc engages in the production and marketing of metal, mineral, and energy and agricultural commodities. The firm serves the automotive, steel, power generation, battery manufacturing, and oil sectors. It operates through the following segments: Marketing, Industrial, and Corporate and Other. The Marketing segment includes net sale and purchase of physical commodities, and provision of marketing and related value-add services. The Industrial segment deals with the sale of physical commodities over the cost of production and/or cost of sales. The Corporate and Other segment represents group related income and expenses. The company was founded in 1974 and is headquartered in Baar, Switzerland.
GLN.JSE Glencore Diversified Miner 1W FIB Study.Glencore - a Diversified Miner has recently broken to the downside of the Trading Range.
This is expected due to the weakness in the overall Commodity Market Cycle.
Using the Fibonacci Levels from High to Low, I see a possible retracement to the 50% Level.
As always, please get a few outside Expe
$JSEGLN - Glencore: How Far Can The Fifth Wave Go?See link below for previous analysis.
Glencore did not take long to reverse after the previous analysis.
The stock was in a hurry and did not go low enough to test the lower support channel.
The strong reversal from 8708 has prompted an update with wave labelled as a zigzag pattern and price has
Potential BUY !Details are on the chart to make it easier to follow the idea. This is not an advise to buy or sell the stock, sharing my knowledge. what are your thoughts?
GLENCORE Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is
Our opinion on the current state of GLENCORE(GLN)Glencore, one of the world's largest global diversified natural resource companies, manages over 150 mining, metallurgical, oil production, and agricultural facilities across more than 50 countries. The company's extensive global presence and diverse commodity portfolio make it less volatile compare
$JSEGLN - Glencore: Triangle Invalidated; Re-look At The Big PicSee link below for previous analysis.
After prolonged sideways movement, price broke below 9230 invalidating the triangle outlook.
This has prompted me to label the advance from 7920 to 12433 as wave (5).
A look at the bigger picture fits an impulse as the five wave advance from 2254 to 12433 for
GLENCORE - Range IDEAThe stock is finding support around the R97-99 zone with at RSI which has turned up off oversold territory.
We could possibly have a leg up initially to the 200dma then the top of range at R110.
I'm happy to hold long while R95 holds on any daily close.
Glencore Facing HeadwindsGlencore is in the timing for a daily cycle low, price action has carved out a symmetrical triangle that can break either way. Our guide is the previous cycle low with a price of R99.03, anytime we go below this price we know the trend has turned bearish. We also see the megaphone pattern going back
Glencore ready to smash through its 6 month rectangleW Formation and Rectangle formation has formed since May 2023...
Now, we are definitely getting signs of upside, more than downside.
That's because the resources sector and precious metals sector is showing positive signs.
As we welcome 2024, investors will be using their bonuses and will be re
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Frequently Asked Questions
The current price of GLN is 8,110 ZAC — it has decreased by −1.07% in the past 24 hours. Watch GLENCORE PLC stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on JSE exchange GLENCORE PLC stocks are traded under the ticker GLN.
GLN stock has fallen by −5.08% compared to the previous week, the month change is a −7.10% fall, over the last year GLENCORE PLC has showed a −26.84% decrease.
We've gathered analysts' opinions on GLENCORE PLC future price: according to them, GLN price has a max estimate of 13,033.63 ZAC and a min estimate of 10,120.81 ZAC. Watch GLN chart and read a more detailed GLENCORE PLC stock forecast: see what analysts think of GLENCORE PLC and suggest that you do with its stocks.
GLN stock is 2.43% volatile and has beta coefficient of 1.65. Track GLENCORE PLC stock price on the chart and check out the list of the most volatile stocks — is GLENCORE PLC there?
Today GLENCORE PLC has the market capitalization of 997.02 B, it has decreased by −7.03% over the last week.
Yes, you can track GLENCORE PLC financials in yearly and quarterly reports right on TradingView.
GLENCORE PLC is going to release the next earnings report on Feb 19, 2025. Keep track of upcoming events with our Earnings Calendar.
GLN earnings for the last half-year are 2.20 ZAC per share, whereas the estimation was 2.48 ZAC, resulting in a −11.22% surprise. The estimated earnings for the next half-year are 4.42 ZAC per share. See more details about GLENCORE PLC earnings.
GLENCORE PLC revenue for the last half-year amounts to 2.14 T ZAC, despite the estimated figure of 1.95 T ZAC. In the next half-year revenue is expected to reach 2.21 T ZAC.
GLN net income for the last half-year is −4.27 B ZAR, while the previous report showed −5.36 B ZAR of net income which accounts for 20.40% change. Track more GLENCORE PLC financial stats to get the full picture.
GLENCORE PLC dividend yield was 2.15% in 2023, and payout ratio reached 36.62%. The year before the numbers were 6.31% and 32.34% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Dec 21, 2024, the company has 150.00 K employees. See our rating of the largest employees — is GLENCORE PLC on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. GLENCORE PLC EBITDA is 258.72 B ZAR, and current EBITDA margin is 7.37%. See more stats in GLENCORE PLC financial statements.
Like other stocks, GLN shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade GLENCORE PLC stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So GLENCORE PLC technincal analysis shows the sell today, and its 1 week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating GLENCORE PLC stock shows the sell signal. See more of GLENCORE PLC technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.