Should You Buy Global Partners LP (GLP) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
Not a good buy right now for a beginner long-term investor. Despite an oversold RSI that can spark a short bounce, the broader trend is bearish (weak MACD and bearish moving averages), Wall Street’s latest target is below the current price, and the latest quarter shows materially weaker profitability (EPS and net income down ~44% YoY). With no supportive catalysts or proprietary buy signals, the odds favor further downside/chop rather than a clean long-term entry today.
Technical Analysis
Trend is bearish. SMA structure is negative (SMA_200 > SMA_20 > SMA_5), and MACD histogram is -0.452 and expanding lower, which typically signals deteriorating momentum. RSI_6 at 10.789 is deeply oversold, so a short-term rebound is possible, but oversold alone doesn’t reverse a downtrend. Price (46.75) is below the pivot (47.528). Key levels: support S1=45.127 then S2=43.644; resistance R1=49.929. Near-term pattern probabilities also lean slightly negative (next week/month expected drift lower).
