Technical Analysis for GSM - Globe Specialty Metals Inc.

Grade Last Price % Change Price Change
B 5.05 0.60% 0.03
GSM closed up 0.2 percent on Tuesday, April 23, 2024, on 54 percent of normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
Earnings due: May 9
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Down

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.60%
200 DMA Resistance Bearish 0.60%
Shooting Star Candlestick Bearish 0.60%
Wide Range Bar Range Expansion 0.60%
Upper Bollinger Band Touch Strength 0.60%
Gapped Down Weakness 0.60%
Doji - Bullish? Reversal 0.80%
20 DMA Resistance Bearish 0.80%
NR7 Range Contraction 0.80%
Inside Day Range Contraction 0.80%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 1 hour ago
Possible Inside Day about 1 hour ago
10 DMA Resistance about 3 hours ago
60 Minute Opening Range Breakout about 4 hours ago
Up 1% about 4 hours ago

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Profile

Globe Specialty Metals Inc. Description

Globe Specialty Metals, Inc., together with its subsidiaries, produces and sells silicon metal and silicon-based alloys primarily in North America, Europe, South America, and Asia. The company primarily offers silicon metal that is used as a raw material for silicone compounds, aluminum, and polysilicon. It also produces silicon-based alloys, such as ferrosilicon; magnesium-ferrosilicon-based alloys known as nodularizers; ferrosilicon-based alloys known as inoculants; calcium silicon alloys; and cored-wire silicon-based alloy products, as well as carbon electrodes, silica fume, and fines. The silicon-based alloy products are used as raw materials for steel, automotive components, and ductile iron. In addition, the company processes and supplies specialty metallurgical coal to other silicon and silicon-based alloy producers. Its customers include silicone chemical, aluminum, and steel manufacturers; auto companies and their suppliers; ductile iron foundries; manufacturers of photovoltaic solar cells and computer chips; and concrete producers. The company was formerly known as International Metal Enterprises, Inc. and changed its name to Globe Specialty Metals, Inc. in November 2006. Globe Specialty Metals, Inc. was incorporated in 2004 and is headquartered in New York, New York.


Classification

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Steel Natural Sciences Chemical Elements Alloys Silicone Solar Cells Metallurgical Coal Reducing Agents Dietary Minerals Metallurgy Magnesium Ceramic Materials Steel Manufacturers Silicon

Is GSM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 6.7614
52 Week Low 3.9392
Average Volume 1,730,558
200-Day Moving Average 5.20
50-Day Moving Average 4.85
20-Day Moving Average 5.08
10-Day Moving Average 5.14
Average True Range 0.24
RSI (14) 50.74
ADX 23.53
+DI 32.09
-DI 15.64
Chandelier Exit (Long, 3 ATRs) 4.94
Chandelier Exit (Short, 3 ATRs) 5.36
Upper Bollinger Bands 5.44
Lower Bollinger Band 4.71
Percent B (%b) 0.42
BandWidth 14.39
MACD Line 0.06
MACD Signal Line 0.09
MACD Histogram -0.0272
Fundamentals Value
Market Cap 940.92 Million
Num Shares 187 Million
EPS 0.50
Price-to-Earnings (P/E) Ratio 10.04
Price-to-Sales 0.57
Price-to-Book 1.28
PEG Ratio 9.51
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.94
Resistance 3 (R3) 5.99 5.75 5.78
Resistance 2 (R2) 5.75 5.51 5.72 5.73
Resistance 1 (R1) 5.38 5.37 5.57 5.33 5.68
Pivot Point 5.14 5.14 5.23 5.11 5.14
Support 1 (S1) 4.77 4.90 4.96 4.72 4.36
Support 2 (S2) 4.53 4.76 4.50 4.31
Support 3 (S3) 4.16 4.53 4.26
Support 4 (S4) 4.11