NYSE:GGB - New York Stock Exchange, Inc. - US3737371050 - ADR - Currency: USD
Taking everything into account, GGB scores 2 out of 10 in our technical rating. 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.
Although the technical rating is bad, GGB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.79. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for GGB in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
2.48
2 important support areas can be observed.
When analyzing the resistance we notice 5 important areas.
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 | DOWN | NEGATIVE | The long term trend for GGB is down. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GGB is up. |
ChartMill Relative Strength | 24.73 | NEGATIVE | GGB has a low relative strength, it was outperformed by 75.27% 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 | NEGATIVE | The current price of GGB is below a declining SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GGB is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 52.6 | NEUTRAL | The RSI value for GGB is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GGB has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 74.13 | NEUTRAL | The Stochastics value for GGB is a neutral value. |
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) | 15.11 | NEGATIVE | The low ADX value for GGB suggests a weak or negative trend. |
NYSE:GGB (5/23/2025, 9:48:08 AM)
2.69
-0.03 (-1.1%)