GERDAU SA -SPON ADR (GGB)

US3737371050 - ADR

3.465  -0.02 (-0.43%)

Technical Rating and Analysis

2

Overall GGB gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. GGB was also a bad performer in the overall market in the last year.

85% of all other stocks performed better in the past year than GGB.
GGB is one of the lesser performing stocks in the Metals & Mining industry. 72% of 155 stocks in the same industry do better.
GGB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month GGB has a been trading in the 3.06 - 3.49 range, which is quite wide. It is currently trading near the high of this range.
GGB has an average volume of 8339200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
GGB Weekly chart
GGB Daily chart
Setup Rating and Analysis

2

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 upside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

3.05

4.13

We found 1 important support area.

  • A support zone ranging from 3.08 to 3.12. This zone is formed by a combination of multiple trend lines in multiple time frames.

5 important resistance areas can be observed.

  • Resistance @3.60 from a trend line in the weekly time frame.
  • Resistance @3.66 from a horizontal line in the daily time frame.
  • Resistance @3.72 from a trend line in the weekly time frame.
  • A resistance zone ranging from 3.85 to 3.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @4.09 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.99
Mansfield-2.19
10 Day High3.49
10 Day Low3.22
20 Day High3.49
20 Day Low3.06
52 Week High5.13
52 Week Low3.06
Performance
1 Week5.45%
2 Weeks7.74%
1 Month11.18%
3 Month-4.92%
6 Month-2.66%
12 Month-26.22%
2 Year-7.1%
3 Year-26.06%
5 Year23.17%
10 Year-25.43%
15 Year-62.43%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)61.77
LBB3.19
UBB3.44
GGB Daily chart

GERDAU SA -SPON ADR

NYSE:GGB (7/17/2024, 2:49:06 PM)

3.465

-0.02 (-0.43%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.43%
1 Week5.45%
2 Weeks7.74%
1 Month11.18%
3 Month-4.92%
6 Month-2.66%
12 Month-26.22%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.08
ATR(20)%2.36%
ATR Inc
Range Today0.06
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High3.49
10 Day Low3.22
20 Day High3.49
20 Day Low3.06
52 Week High5.13
52 Week Low3.06
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.44M
Volume Incr-27.49%
Vol(5)4.79M
Vol(50)8.34M