GERDAU SA -SPON ADR (GGB) Technical Analysis
NYSE:GGB • US3737371050
Current stock price
GGB Technical Rating and Analysis
Taking everything into account, GGB scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GGB is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that GGB is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, GGB also shows a nice and consistent pattern of rising prices.
- GGB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GGB is lagging the market slightly.
- In the last month GGB has a been trading in the 3.14 - 4.35 range, which is quite wide. It is currently trading near the high of this range.
- GGB has an average volume of 22227200 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 160 other stocks in this industry, GGB did better than 50% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GGB Weekly and Daily overview Charts
GGB Setup Rating and Analysis
Although GGB has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
GGB Support and Resistance Analysis
3.27
We found 1 important support area.
- A support zone ranging from 3.30 to 3.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
GGB Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for GGB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GGB is up. |
| ChartMill Relative Strength | 85.37 | POSITIVE | GGB has a high relative strength, it outperformed 85.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GGB is above 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) | 74.18 | OVERBOUGHT | The high RSI value suggests GGB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests GGB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.3 | OVERBOUGHT | The high Stochastics value suggests GGB may be overbought. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for GGB suggests some volalility. |
| Average Directional Index/ADX (14) | 30.13 | POSITIVE | The high ADX value value for GGB suggests a strong trend. |
GGB Chart- and CandleStick Pattern Analysis
GGB Technicals: Chart, Performance Metrics, Trend & Indicators
4.31
+0.04 (+0.94%)
GERDAU SA -SPON ADR / GGB TA FAQ
What is the ChartMill technical rating of GERDAU SA -SPON ADR (GGB) stock?
ChartMill assigns a technical rating of 10 / 10 to GGB.
Can you provide the trend direction for GERDAU SA -SPON ADR?
The current trend direction for GERDAU SA -SPON ADR (GGB) is Bullish.
Can you provide the RSI signal for GERDAU SA -SPON ADR?
GERDAU SA -SPON ADR (GGB) has an RSI value of 74.182. This indicates that the stock is currently overbought.
Can you provide the MACD signal for GERDAU SA -SPON ADR?
The MACD indicator for GERDAU SA -SPON ADR (GGB) has a value of 0.0952944, indicating a bearish trend.
Can you provide the support and resistance levels for GERDAU SA -SPON ADR?
GERDAU SA -SPON ADR (GGB) has a support level at 3.32. Check the full technical report for our detailed analysis of GGB support and resistance levels.