Ferroglobe PLC

GSM remains entrenched in a high-confidence Stage 4 Decline on the 1-year chart, reinforced by a decisive support failure and persistent lower highs/lower lows. The long-term trend is sideways but favors the downside given the lack of upward momentum. Short-term price is extreme oversold and extended below declining EMAs, creating timing uncertainty for fresh execution. Medium-term bearish structure remains intact, so a deferred sell approach into any relief rally toward the short-term EMAs is advised.

• ↑18% sequential rise in silicon‐alloy volumes, highest in five years
• ↑Quarterly dividend up 7% to $0.02/share, sustaining shareholder yield
• ↓Adjusted EBITDA fell to $3M in Q1, reflecting severe margin pressure