GERDAU SA -SPON ADR (GGB)

US3737371050 - ADR

3.19  -0.01 (-0.31%)

Premarket: 3.19 0 (0%)

Technical Rating and Analysis

1

Overall GGB gets a technical rating of 1 out of 10. GGB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, GGB is a bad performer in the overall market: 81% of all stocks are doing better.
GGB is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 74% are performing better than GGB.
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 3.16 - 3.62 range, which is quite wide. It is currently trading near the lows of this range.
GGB has an average volume of 8026490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
GGB Weekly chart
GGB Daily chart
Setup Rating and Analysis

5

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.

Support and Resistance Analysis

3.06

3.70

We found 1 important support area.

  • Support @3.09 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

  • A resistance zone ranging from 3.29 to 3.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 3.38 to 3.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @3.66 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
CRS19.48
Mansfield-2.09
10 Day High3.49
10 Day Low3.16
20 Day High3.62
20 Day Low3.16
52 Week High4.21
52 Week Low2.92
Performance
1 Week-3.92%
2 Weeks-10.64%
1 Month-0.31%
3 Month-1.24%
6 Month-11.63%
12 Month-12.2%
2 Year-19.29%
3 Year-15.02%
5 Year22.17%
10 Year-11.27%
15 Year-73.38%
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)-0.04
RSI(14)39.37
LBB3.09
UBB3.63
GGB Daily chart

GERDAU SA -SPON ADR

NYSE:GGB (10/21/2024, 8:16:30 PM)

Premarket: 3.19 0 (0%)

3.19

-0.01 (-0.31%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.31%
1 Week-3.92%
2 Weeks-10.64%
1 Month-0.31%
3 Month-1.24%
6 Month-11.63%
12 Month-12.2%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.1
ATR(20)%3.13%
ATR Inc
Range Today0.04
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 Low3.16
20 Day High3.62
20 Day Low3.16
52 Week High4.21
52 Week Low2.92
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume7.79M
Volume Incr26.7%
Vol(5)12.82M
Vol(50)8.03M