Analysts are positive about Glencore shares

In the last twelve months, a total of 13 analyst ratings were issued for the Glencore shares. Of these, 10 were “Buy”, two “Hold” and one “Sell”. In summary, that results in a “Buy” rating for Glencore stock. No analyst updates on Glencore are available from last month. 

Within the framework of the ratings carried out by the analysts, the average target price was $291.9 (£217.22). The stock thus has an upside potential of 2.54 percent based on the last closing price $282.6 (£211.85). This is the basis for a “Hold” recommendation. The bottom line is that Glencore receives a “Buy” rating for this point of the analysis.

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How investors judge Glencore

The investor mood at Glencore in the discussion forums and opinion columns of the social media is particularly positive overall. This is reflected in the statements and opinions of the past two weeks, which we have evaluated for you in order to gain a further valuation factor for the share. It became apparent that the discussions in the past few days focused in particular on negative topics, which means that the share is rated “Hold” overall. 

Finally, this form of analysis has been enriched by concretely predictable trading signals from social media. This revealed 6 sell and 0 buy signals. From this picture, in turn, a “sell” recommendation can be derived at this level. In this estimation, this results in a “Hold” in terms of investor sentiment.

Glencore: How do chart analysts judge?

The average closing price of the Glencore share for the last 200 trading days is currently $223.9 (£166.37). The last closing price of $285.06 (£211.85) thus deviates by +27.34 percent, which corresponds to a “buy” valuation from a chart perspective. Let’s look at the average of the last 50 trading days. For this $236 (£175.42) the last closing price is also above the moving average (+20.77 percent deviation). The Glencore stock is thus also given a “buy” rating on this shorter-term basis. The bottom line is that the Glencore share thus receives a “Buy” rating for the simple chart technique.

Shareholders can draw hope thanks to RSI

A well-known tool used in technical analysis to assess whether a stock is currently “overbought” or “oversold” is the Relative Strength Index (RSI). This index relates to price movements over time. Analysts consider the RSI on a 7-day and 25-day basis for Glencore. Let’s start with the 7-day RSI, which currently stands at 14.8 points. This means that Glencore is currently oversold. The share is therefore classified as a “Buy”. What does the 25-day RSI look like? Glencore is also oversold (value 23.99), so the stock is also given a “Buy” rating for the RSI25. Glencore is thus rated “Buy” for this point in the analysis.

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(Featured image by geralt via Pixabay)

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