FERROGLOBE PLC (GSM) Technical Analysis
NASDAQ:GSM • GB00BYW6GV68
We assign a technical rating of 5 out of 10 to GSM. Although GSM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- GSM is one of the lesser performing stocks in the Metals & Mining industry. 68% of 157 stocks in the same industry do better.
- Looking at the yearly performance, GSM did better than 76% of all other stocks. We also observe that the gains produced by GSM over the past year are nicely spread over this period.
- GSM has an average volume of 1247780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- GSM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GSM is lagging the market.
- In the last month GSM has a been trading in the 4.35 - 5.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GSM has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.84
4 important support areas can be observed.
- Support @4.75 from a horizontal line in the daily time frame.
- A support zone ranging from 4.58 to 4.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.15 from a trend line in the weekly time frame.
- Support @3.88 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.96 to 5.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.25 to 5.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.56 to 5.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for GSM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GSM is neutral. |
| ChartMill Relative Strength | 76.56 | POSITIVE | GSM has a high relative strength, it outperformed 76.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GSM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GSM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GSM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.16 | NEUTRAL | The RSI value for GSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GSM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.11 | NEUTRAL | The Stochastics value for GSM is a neutral value. |
| Average True Range in percent/ATR (20) | 7 | HIGH VOLATILITY | The high ATR as a percentage value for GSM suggests high volalility. |
| Average Directional Index/ADX (14) | 13.63 | NEGATIVE | The low ADX value for GSM suggests a weak or negative trend. |
GSM Technicals: Chart, Performance Metrics, Trend & Indicators
4.94
+0.1 (+2.07%)
FERROGLOBE PLC / GSM FAQ
What is the technical rating for GSM stock?
ChartMill assigns a technical rating of 5 / 10 to GSM.
What is the trend direction for GSM stock?
The current trend direction for FERROGLOBE PLC (GSM) is Bearish.
What is the RSI signal for GSM stock?
FERROGLOBE PLC (GSM) has an RSI value of 49.1578. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FERROGLOBE PLC?
The MACD indicator for FERROGLOBE PLC (GSM) has a value of -0.0379037, indicating a bearish trend.
What is the short term momentum for FERROGLOBE PLC (GSM) stock?
The short term momentum for FERROGLOBE PLC (GSM) is neutral.