Glencore plc technical analysis
Technical analysis of Glencore plc (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Glencore plc
Glencore plc is a company engaged in the production, refinement, processing, storage, transport, and marketing of metals, minerals, and energy products on a global basis. The company operates through two segments: Marketing Activities and Industrial Activities, producing copper, cobalt, lead, nickel, zinc, chromite, and other minerals, as well as coal, crude oil, and natural gas. It also provides marketing, financing, and logistics services to producers and industrial consumers of commodities.
Description generated automatically from public sources; it may be inaccurate or out of date.
Glencore plc: latest session data
Closing values for September 3, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
580.86 GBp
+3.59%
50 sessions
546.93 GBp
+10.01%
200 sessions
512.88 GBp
+17.32%
Session levels
s2
588.20
Support
s1
597.00
Support
pivot
605.50
Pivot
r1
614.30
Resistance
r2
622.80
Resistance
How to read it
In the September 3, 2026 session Glencore plc closed lower at 601.70 GBp, −0.68% versus the previous session.
The price sits above every moving average observed: +3.59% against the 21-session average, +10.01% against the 50 and +17.32% against the 200.
The 14-period RSI reads 64.0, in neutral territory.
MACD stands at 15.079 against a signal line at 14.285: the histogram is positive (+0.794).
ADX reads 17.9, indicating weak directionality.
Levels computed on the latest session place supports at 597.00 and 588.20 GBp and resistances at 614.30 and 622.80 GBp, around a pivot of 605.50.
The average daily range (ATR) is 16.489 GBp, or 2.74% of price.
Turnover was 67.2M shares, 151% of the 20-session average.
Over the last twelve months the price ranged between 432.18 and 707.00 GBp, and today stands −14.89% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Glencore plc
How is Glencore plc analysed technically?
Technical analysis of Glencore plc is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Glencore plc?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Glencore plc?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Glencore plc it helps frame the technical structure of the historical chart and is not a forecast.
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