GERDAU SA -SPON ADR (GGB)

US3737371050 - ADR

4.39  +0.12 (+2.81%)

Premarket: 4.36 -0.03 (-0.68%)

Technical Rating and Analysis

2

We assign a technical rating of 2 out of 10 to GGB. In the past year, GGB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, GGB is a bad performer in the overall market: 78% of all stocks are doing 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.
GGB has an average volume of 6265450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GGB is part of the Metals & Mining industry. There are 156 other stocks in this industry, GGB did better than 45% of them.
In the last month GGB has a been trading in the 4.11 - 4.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
GGB Weekly chart
GGB Daily chart
Setup Rating and Analysis

9

GGB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GGB in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

4.08

6.17

2 important support areas can be observed.

  • A support zone ranging from 4.29 to 4.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 4.12 to 4.19. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 6 important resistance areas.

  • Resistance @4.44 from a horizontal line in the daily time frame.
  • Resistance @4.61 from a trend line in the daily time frame.
  • A resistance zone ranging from 5.03 to 5.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @5.76 from a trend line in the weekly time frame.
  • Resistance @5.98 from a horizontal line in the weekly time frame.
  • Resistance @6.11 from a horizontal line in the weekly 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
CRS22.09
Mansfield-2.19
10 Day High4.44
10 Day Low4.11
20 Day High4.49
20 Day Low4.11
52 Week High6.16
52 Week Low4.11
Performance
1 Week0.69%
2 Weeks0%
1 Month2.09%
3 Month-9.48%
6 Month-7.97%
12 Month-10.95%
2 Year-28.31%
3 Year-13.68%
5 Year18.8%
10 Year-28.09%
15 Year-15.73%
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)0.01
RSI(14)54.78
LBB4.15
UBB4.43
GGB Daily chart

GERDAU SA -SPON ADR

NYSE:GGB (3/27/2024, 8:16:28 PM)

Premarket: 4.36 -0.03 (-0.68%)

4.39

+0.12 (+2.81%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.81%
1 Week0.69%
2 Weeks0%
1 Month2.09%
3 Month-9.48%
6 Month-7.97%
12 Month-10.95%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.11
ATR(20)%2.49%
ATR Inc
Range Today0.17
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 High4.44
10 Day Low4.11
20 Day High4.49
20 Day Low4.11
52 Week High6.16
52 Week Low4.11
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume5.61M
Volume Incr-32.16%
Vol(5)4.84M
Vol(50)6.27M