GERDAU SA -SPON ADR (GGB) Technical Analysis
NYSE:GGB • US3737371050
Current stock price
GGB Technical Rating and Analysis
Overall GGB gets a technical rating of 1 out of 10. GGB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- GGB is one of the lesser performing stocks in the Metals & Mining industry. 68% of 159 stocks in the same industry do better.
- GGB has an average volume of 21109500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, GGB turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- GGB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GGB is lagging the market slightly.
- In the last month GGB has a been trading in the 3.14 - 4.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GGB Weekly and Daily overview Charts
GGB Setup Rating and Analysis
GGB has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
GGB Support and Resistance Analysis
3.10
We found 2 important support areas.
- A support zone ranging from 3.25 to 3.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.13 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.51 to 3.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
GGB Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for GGB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GGB is down. |
| ChartMill Relative Strength | 62.37 | NEUTRAL | GGB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GGB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GGB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GGB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.59 | NEUTRAL | The RSI value for GGB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GGB has a positive trend. |
| Stochastics (14,3) | 53.41 | NEUTRAL | The Stochastics value for GGB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for GGB suggests some volalility. |
| Average Directional Index/ADX (14) | 37.03 | POSITIVE | The high ADX value value for GGB suggests a strong trend. |
GGB Chart- and CandleStick Pattern Analysis
GGB Technicals: Chart, Performance Metrics, Trend & Indicators
3.47
-0.03 (-0.86%)
GERDAU SA -SPON ADR / GGB TA FAQ
What is the ChartMill technical rating of GERDAU SA -SPON ADR (GGB) stock?
ChartMill assigns a technical rating of 1 / 10 to GGB.
Can you provide the trend direction for GERDAU SA -SPON ADR?
The current trend direction for GERDAU SA -SPON ADR (GGB) is Bearish.
What is the RSI signal for GERDAU SA -SPON ADR (GGB) stock?
GERDAU SA -SPON ADR (GGB) has an RSI value of 42.5924. This indicates that the stock is currently neutral.
What is the MACD signal for GERDAU SA -SPON ADR (GGB) stock?
The MACD indicator for GERDAU SA -SPON ADR (GGB) has a value of 0.0137808, indicating a bearish trend.
What is the buy/sell signal for GGB stock?
The buy/sell signal for GERDAU SA -SPON ADR (GGB) is sell as both the short term and long term trends are negative.