GERDAU SA -SPON ADR (GGB) Stock Technical Analysis
NYSE:GGB - New York Stock Exchange, Inc. - US3737371050 - ADR - Currency: USD
Taking everything into account, GGB scores 1 out of 10 in our technical rating. 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 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.
81% of all other stocks performed better in the past year than GGB.
GGB is part of the Metals & Mining industry. There are 152 other stocks in this industry, of which 64% 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 2.67 - 3.02 range, which is quite wide. It is currently trading near the high of this range.
GGB has an average volume of 9550860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GGB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.00. Right above this resistance zone may be a good entry point.
More info and screens
2.96
3.61
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 3.00 to 3.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.32 from a trend line in the weekly time frame.
- A resistance zone ranging from 3.43 to 3.45. 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
CRS19.39
Mansfield-1.88
10 Day High3.02
10 Day Low2.78
20 Day High3.02
20 Day Low2.67
52 Week High4.04
52 Week Low2.67
Performance
1 Week2.05%
2 Weeks3.46%
1 Month3.1%
3 Month-2.92%
6 Month-1.97%
12 Month-16.94%
2 Year-42.04%
3 Year-27.97%
5 Year-19.5%
10 Year9.2%
15 Year-71.99%
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)0.03
RSI(14)51.62
LBB2.72
UBB3.05
GERDAU SA -SPON ADR
NYSE:GGB (1/30/2025, 8:04:00 PM)
After market: 3.0194 +0.03 (+0.98%)2.99
+0.05 (+1.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.7%
1 Week2.05%
2 Weeks3.46%
1 Month3.1%
3 Month-2.92%
6 Month-1.97%
12 Month-16.94%
2 Year-42.04%
3 Year-27.97%
5 Year-19.5%
10 Year9.2%
15 Year-71.99%
Volatility
ATR(14)0.09
ATR(20)%2.94%
ATR Inc-12.84%
Range Today0.08
ADR(20)0.07
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.39
Mansfield-1.88
10 Day High3.02
10 Day Low2.78
20 Day High3.02
20 Day Low2.67
52 Week High4.04
52 Week Low2.67
CS1 EndN/A
CR1 Start3
Volume & EV
DER(3)-2.78%
DER(5)-1.05%
Volume10.87M
Volume Incr11.32%
Vol(5)8.55M
Vol(50)9.55M