GGG:
The current market price is 83.08, reflecting a 0.04% increase from the previous close.
Support and Resistance Levels
Key support levels are at 82.68, 82.58, and 82.48. Resistance levels are at 83.18, 83.28, and 83.38, with a pivot point of 82.98.
Indicators
The RSI is at 42.15, indicating a neutral position. ATR shows minimal volatility, while ADX values are unavailable. The 50-day SMA is at 83.00, while the 200-day EMA stands at approximately 83.08. The Parabolic SAR is at 83.09, suggesting a potential bearish reversal.
Market Sentiment
Given the pivot point at 82.98 and the indicators, a bearish scenario seems likely as the price is below the pivot.
GGG Signals & Technical Analysis
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Gudang Garam Tbk PT, symbolized as GGG on the XSTU exchange, is a leading player in the global tobacco industry, founded in 1958 in Indonesia. Over the decades, Gudang Garam has established itself as a premier manufacturer of clove cigarettes, also known as kretek, which have gained immense popularity both domestically and internationally. The company has cultivated a strong brand presence, specializing in high-quality products that resonate with consumers' preferences.
Market Position
As one of the largest tobacco companies in Indonesia, Gudang Garam holds a significant share of the market. The company operates in a highly competitive landscape, yet it has successfully differentiated itself through a commitment to innovation, quality, and sustainability. Gudang Garam's extensive distribution network and strategic partnerships enhance its market penetration, allowing it to reach a diverse customer base. With a focus on product diversification, the company continually evolves its offerings, catering to the changing tastes and preferences of consumers while maintaining its heritage and core values.
Key Financial Highlights
Gudang Garam Tbk PT has demonstrated robust financial performance over the years, underpinned by strong sales growth and effective cost management strategies. The company reported impressive revenue figures, driven by its established product lines and expansion into new markets. In recent financial statements, Gudang Garam has showcased a healthy operating margin, indicating its operational efficiency and resilience against market fluctuations. The company continues to invest in modernizing its production facilities and enhancing its supply chain, further solidifying its competitive advantage in the industry.
Industry Highlights
The tobacco industry is facing evolving regulatory landscapes and growing health concerns. However, Gudang Garam remains agile in adapting to these challenges by investing in alternative products and sustainable practices. The company's commitment to Corporate Social Responsibility (CSR) initiatives aligns with global trends, addressing environmental impacts while promoting community engagement. By leveraging its strong market position and financial stability, Gudang Garam Tbk PT is poised for continued growth and success in the ever-changing tobacco market.