GERDAU SA -SPON ADR (GGB) Stock Technical Analysis
NYSE:GGB - New York Stock Exchange, Inc. - US3737371050 - ADR - Currency: USD
Overall GGB gets a technical rating of 1 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.
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.
76% of all other stocks performed better in the past year than GGB.
GGB is part of the Metals & Mining industry. There are 154 other stocks in this industry, of which 69% are performing better than GGB.
GGB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
GGB has an average volume of 10907300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GGB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GGB is lagging the market slightly.
Although the technical rating is bad, GGB does present a nice setup opportunity. Prices have been consolidating lately. 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
2.48
3.26
2 important support areas can be observed.
- A support zone ranging from 2.64 to 2.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.72 to 2.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.99 from a trend line in the weekly time frame.
- A resistance zone ranging from 3.08 to 3.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.23 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for GGB is neutral. |
| ChartMill Relative Strength | 24.6 | NEGATIVE | GGB has a low relative strength, it was outperformed by 75.4% 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) | 51.65 | 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) | 70.15 | NEUTRAL | The Stochastics value for GGB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for GGB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.26 | NEGATIVE | The low ADX value for GGB suggests a weak or negative trend. |
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)
2.71
-0.01 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.37%
1 Week-3.56%
2 Weeks3.44%
1 Month1.88%
3 Month-3.9%
6 Month-20.06%
12 Month-24.72%
2 Year-31.1%
3 Year-44.02%
5 Year36.58%
10 Year23.27%
15 Year-74.63%
Volatility
ATR(14)0.07
ATR(20)%2.89%
ATR Inc5.13%
Range Today0.06
ADR(20)0.07
ADR(20)%2.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.6
Mansfield-1.35
10 Day High2.82
10 Day Low2.64
20 Day High2.82
20 Day Low2.49
52 Week High3.63
52 Week Low2.27
CS1 End2.68
CR1 Start2.72
Volume & EV
DER(3)5.76%
DER(5)4.24%
Volume13.67M
Volume Incr-7.3%
Vol(5)11.19M
Vol(50)10.91M