GERDAU SA -SPON ADR (GGB)
US3737371050 - ADR
We assign a technical rating of 0 out of 10 to GGB. 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.
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: 84% of all stocks are doing better.
GGB is one of the lesser performing stocks in the Metals & Mining industry. 70% of 155 stocks in the same industry do better.
GGB is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month GGB has a been trading in the 2.93 - 3.55 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
GGB has an average volume of 11567300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of GGB is bad and it also does not present a quality setup 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
2.96
3.61
We found 1 important support area.
- A support zone ranging from 2.99 to 2.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 3.01 to 3.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.26 to 3.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.42 to 3.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.57 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.09
Mansfield-2.17
10 Day High3.55
10 Day Low2.93
20 Day High3.55
20 Day Low2.93
52 Week High4.08
52 Week Low2.92
Performance
1 Week-9.37%
2 Weeks-13.79%
1 Month-12.54%
3 Month-13.79%
6 Month-9.09%
12 Month-25.77%
2 Year-31.77%
3 Year-23.17%
5 Year-22.86%
10 Year6.48%
15 Year-77.8%
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)-0.05
RSI(14)31.41
LBB2.92
UBB3.62
GERDAU SA -SPON ADR
NYSE:GGB (12/26/2024, 10:36:35 AM)
2.995
0 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.17%
1 Week-9.37%
2 Weeks-13.79%
1 Month-12.54%
3 Month-13.79%
6 Month-9.09%
12 Month-25.77%
2 Year-31.77%
3 Year-23.17%
5 Year-22.86%
10 Year6.48%
15 Year-77.8%
Volatility
ATR(14)0.11
ATR(20)%3.53%
ATR Inc-10.83%
Range Today0.04
ADR(20)0.1
ADR(20)%3.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.09
Mansfield-2.17
10 Day High3.55
10 Day Low2.93
20 Day High3.55
20 Day Low2.93
52 Week High4.08
52 Week Low2.92
CS1 End2.99
CR1 Start3.01
Volume & EV
DER(3)2.63%
DER(5)2.97%
Volume1.09M
Volume Incr-5.05%
Vol(5)10.34M
Vol(50)11.57M