Technical Analysis for GGB - Gerdau S.A.

Grade Last Price % Change Price Change
D 3.35 2.76% 0.09
GGB closed up 2.76 percent on Wednesday, July 3, 2024, on 29 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
NR7 Range Contraction 2.76%
Overbought Stochastic Strength 2.76%
Stochastic Sell Signal Bearish 3.72%
Weak + Overbought Other 3.72%
Overbought Stochastic Strength 3.72%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 7 hours ago
Upper Bollinger Band Resistance about 9 hours ago
60 Minute Opening Range Breakout about 10 hours ago
Up 3% about 11 hours ago
Up 1 ATR about 11 hours ago

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Profile

Gerdau S.A. Description

Gerdau S.A. engages in the production and commercialization of steel products worldwide. The company offers crude steel products, which include billets that are used to manufacture wire rods, rebars, and merchant bars; blooms for use in the manufacture of springs, forged parts, heavy structural shapes, and seamless tubes; and slabs, which are used in the steel industry for the rolling of various flat rolled products, as well as used to produce hot and cold rolled coils, heavy slabs, and profiles. Its long rolled products include rebars, merchant bars, and profiles, which are primarily used in the construction and manufacturing industries; and drawn products comprise barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries. The company also offers special and stainless steel products used in tools and machinery, chains, fasteners, railroad spikes, and special coil steel, as well as special sections, such as grader blades, smelter bars, light rails, super light I-beams, elevator guide rails, and other products. In addition, it provides flat products, such as hot and cold steel coils, heavy plates, and profiles; and resells flat steel products manufactured by other Brazilian steel producers. The company was founded in 1901 and is based in Porto Alegre, Brazil. Gerdau S.A. is a subsidiary of Metalúrgica Gerdau S.A.


Classification

Sector: Basic Materials
Industry: Steel
Keywords: Steel Building Materials Machinery Stainless Steel Steel Products Fasteners Elevator Manufacturing Industries Rebar Steel Industry Steel Producer Wire Stainless Steel Products Coil Steel Gerd

Is GGB a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 4.8575
52 Week Low 3.06
Average Volume 8,825,203
200-Day Moving Average 3.61
50-Day Moving Average 3.45
20-Day Moving Average 3.22
10-Day Moving Average 3.27
Average True Range 0.09
RSI (14) 53.05
ADX 12.05
+DI 26.75
-DI 20.86
Chandelier Exit (Long, 3 ATRs) 3.13
Chandelier Exit (Short, 3 ATRs) 3.33
Upper Bollinger Bands 3.37
Lower Bollinger Band 3.07
Percent B (%b) 0.95
BandWidth 9.14
MACD Line -0.04
MACD Signal Line -0.07
MACD Histogram 0.0288
Fundamentals Value
Market Cap 5.86 Billion
Num Shares 1.75 Billion
EPS 0.88
Price-to-Earnings (P/E) Ratio 3.81
Price-to-Sales 0.10
Price-to-Book 0.73
PEG Ratio 0.00
Dividend 1.60
Dividend Yield 47.76%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.42
Resistance 3 (R3) 3.42 3.40 3.41
Resistance 2 (R2) 3.40 3.38 3.40 3.41
Resistance 1 (R1) 3.37 3.37 3.38 3.37 3.40
Pivot Point 3.35 3.35 3.35 3.35 3.35
Support 1 (S1) 3.32 3.33 3.34 3.33 3.30
Support 2 (S2) 3.30 3.32 3.30 3.29
Support 3 (S3) 3.27 3.30 3.29
Support 4 (S4) 3.28