GERDAU SA -SPON ADR (GGB)
US3737371050 - ADR
Overall GGB gets a technical rating of 0 out of 10. GGB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, GGB is a bad performer in the overall market: 79% of all stocks are doing better.
GGB is one of the lesser performing stocks in the Metals & Mining industry. 61% of 156 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 4.43 - 5.05 range, which is quite wide. It is currently trading near the lows of this range.
GGB has an average volume of 5810920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GGB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 4.54, 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.
More info and screens
4.14
6.26
We found 3 important support areas.
- A support zone ranging from 4.51 to 4.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.25 to 4.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.18 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 4.79 to 4.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.00 to 5.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.98 from a horizontal line in the weekly time frame.
- Resistance @6.20 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.93
Mansfield-1.79
10 Day High4.65
10 Day Low4.43
20 Day High5.05
20 Day Low4.43
52 Week High6.34
52 Week Low4.2
Performance
1 Week2.24%
2 Weeks1.11%
1 Month-5.19%
3 Month-12.79%
6 Month-14.58%
12 Month-15.52%
2 Year-2.47%
3 Year2.75%
5 Year27.62%
10 Year-38.79%
15 Year-27.3%
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)47.63
LBB4.4
UBB4.75
GERDAU SA -SPON ADR
NYSE:GGB (12/11/2023, 3:15:00 PM)
After market: 4.57 0 (0%)4.57
+0.01 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.22%
1 Week2.24%
2 Weeks1.11%
1 Month-5.19%
3 Month-12.79%
6 Month-14.58%
12 Month-15.52%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.1
ATR(20)%2.47%
ATR Inc
Range Today0.05
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 High4.65
10 Day Low4.43
20 Day High5.05
20 Day Low4.43
52 Week High6.34
52 Week Low4.2
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.53M
Volume Incr-28.48%
Vol(5)4.72M
Vol(50)5.81M