Technical Analysis for GGB - Gerdau S.A.

Grade Last Price % Change Price Change
grade D 3.46 -0.58% -0.02
GGB closed unchanged on Wednesday, May 22, 2019, on 78 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Flat
See historical GGB trend table...

Date Alert Name Type % Chg
20 DMA Resistance Bearish -0.57%
Shooting Star Candlestick Bearish -0.57%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -0.57%
Slingshot Bearish Bearish Swing Setup -0.57%
MACD Bullish Signal Line Cross Bullish -0.57%
Stochastic Buy Signal Bullish -0.57%
Lower Bollinger Band Touch Weakness -0.57%
Oversold Stochastic Weakness -0.57%
Lower Bollinger Band Walk Weakness 3.90%
Lower Bollinger Band Touch Weakness 3.90%

Older signals for GGB ...

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Profile
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.
Manufacturing Steel Materials Architecture Building Materials Machinery Steel Products Stainless Steel Rolling Manufacturing Industries Rebar Steel Industry Wire Steel Producers Stainless Steel Products
Is GGB a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 4.71
52 Week Low 3.28
Average Volume 11,490,419
200-Day Moving Average 3.9999
50-Day Moving Average 3.7832
20-Day Moving Average 3.5105
10-Day Moving Average 3.443
Average True Range 0.1256
ADX 22.4
+DI 22.7674
-DI 23.8944
Chandelier Exit (Long, 3 ATRs ) 3.4332
Chandelier Exit (Short, 3 ATRs ) 3.6568
Upper Bollinger Band 3.7008
Lower Bollinger Band 3.3202
Percent B (%b) 0.42
BandWidth 10.84176
MACD Line -0.1079
MACD Signal Line -0.1164
MACD Histogram 0.0085
Fundamentals Value
Market Cap 5.95 Billion
Num Shares 1.71 Billion
EPS -0.38
Price-to-Earnings (P/E) Ratio -9.16
Price-to-Sales 0.55
Price-to-Book 0.76
PEG Ratio 0.00
Dividend 0.03
Dividend Yield 0.86%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.63
Resistance 3 (R3) 3.64 3.61 3.61
Resistance 2 (R2) 3.61 3.57 3.60 3.60
Resistance 1 (R1) 3.54 3.54 3.53 3.53 3.59
Pivot Point 3.51 3.51 3.50 3.50 3.51
Support 1 (S1) 3.44 3.47 3.43 3.43 3.37
Support 2 (S2) 3.41 3.44 3.40 3.36
Support 3 (S3) 3.34 3.41 3.36
Support 4 (S4) 3.33