Technical Analysis for GGB - Gerdau S.A.

Grade Last Price % Change Price Change
C 3.46 -0.86% -0.03
GGB closed down 0.86 percent on Friday, May 31, 2024, on 1.16 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Gapped Up Strength -0.86%
Oversold Stochastic Weakness -0.86%
Doji - Bullish? Reversal -0.57%
Gapped Down Weakness -0.57%
Oversold Stochastic Weakness -0.57%
50 DMA Resistance Bearish -2.26%
MACD Bearish Centerline Cross Bearish -2.26%

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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 3.3624
Average Volume 10,013,030
200-Day Moving Average 3.70
50-Day Moving Average 3.62
20-Day Moving Average 3.66
10-Day Moving Average 3.59
Average True Range 0.11
RSI (14) 41.18
ADX 12.02
+DI 26.87
-DI 34.33
Chandelier Exit (Long, 3 ATRs) 3.65
Chandelier Exit (Short, 3 ATRs) 3.73
Upper Bollinger Bands 3.91
Lower Bollinger Band 3.41
Percent B (%b) 0.1
BandWidth 13.60
MACD Line -0.03
MACD Signal Line 0.00
MACD Histogram -0.0313
Fundamentals Value
Market Cap 6.05 Billion
Num Shares 1.75 Billion
EPS 0.88
Price-to-Earnings (P/E) Ratio 3.93
Price-to-Sales 0.10
Price-to-Book 0.73
PEG Ratio 0.00
Dividend 1.60
Dividend Yield 46.24%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.60
Resistance 3 (R3) 3.59 3.54 3.57
Resistance 2 (R2) 3.54 3.51 3.54 3.57
Resistance 1 (R1) 3.50 3.48 3.48 3.51 3.56
Pivot Point 3.45 3.45 3.44 3.45 3.45
Support 1 (S1) 3.41 3.42 3.38 3.41 3.36
Support 2 (S2) 3.36 3.39 3.36 3.35
Support 3 (S3) 3.32 3.36 3.35
Support 4 (S4) 3.32