NYSE:GGB • US3737371050
Overall GGB gets a technical rating of 3 out of 10. Although GGB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of GGB is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
3.10
We found 1 important support area.
We found 1 important resistance area.
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 | NEUTRAL | NEUTRAL | The long term trend for GGB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GGB is down. |
| ChartMill Relative Strength | 72.7 | POSITIVE | GGB has a high relative strength, it outperformed 72.7% off all stocks 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) | 28.92 | OVERSOLD | The low RSI value suggests GGB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests GGB has a negative trend. |
| Stochastics (14,3) | 8.33 | OVERSOLD | The low Stochastics value suggests GGB may be oversold. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for GGB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.14 | NEUTRAL | The ADX value for GGB suggests a possible start of a new trend. |
3.56
-0.08 (-2.2%)
ChartMill assigns a technical rating of 3 / 10 to GGB.
The current trend direction for GERDAU SA -SPON ADR (GGB) is Bearish.
GERDAU SA -SPON ADR (GGB) has an RSI value of 28.9164. This indicates that the stock is currently oversold.
The MACD indicator for GERDAU SA -SPON ADR (GGB) has a value of -0.0700589, indicating a bearish trend.