Technical Analysis for GGB - Gerdau S.A.

Grade Last Price % Change Price Change
D 4.94 -1.98% -0.10
GGB closed down 1.98 percent on Friday, September 24, 2021, on 1.49 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up
Historical GGB trend table...

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
NR7 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -1.98%
Pocket Pivot Bullish Swing Setup -1.98%
Outside Day Range Expansion -1.98%
180 Bearish Setup Bearish Swing Setup 4.00%
Lower Bollinger Band Walk Weakness 4.00%
Gapped Up Strength 4.00%
Oversold Stochastic Weakness 4.00%
Older End-of-Day Signals for GGB ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Possible NR7 about 19 hours ago
Possible Inside Day about 19 hours ago
60 Minute Opening Range Breakout about 21 hours ago
2x Volume Pace about 23 hours ago
1.5x Volume Pace about 23 hours ago
View Earlier Intraday Alerts

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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.


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


Indicator Value
52 Week High 7.2675
52 Week Low 3.52
Average Volume 8,480,126
200-Day Moving Average 5.43
50-Day Moving Average 5.49
20-Day Moving Average 5.10
10-Day Moving Average 4.90
Average True Range 0.23
ADX 28.75
+DI 22.56
-DI 29.92
Chandelier Exit (Long, 3 ATRs) 4.86
Chandelier Exit (Short, 3 ATRs) 5.04
Upper Bollinger Bands 5.69
Lower Bollinger Band 4.51
Percent B (%b) 0.37
BandWidth 23.27
MACD Line -0.20
MACD Signal Line -0.20
MACD Histogram -0.0001
Fundamentals Value
Market Cap 8.4 Billion
Num Shares 1.7 Billion
EPS 0.08
Price-to-Earnings (P/E) Ratio 59.52
Price-to-Sales 0.98
Price-to-Book 1.23
PEG Ratio 0.00
Dividend 0.04
Dividend Yield 0.81%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.14
Resistance 3 (R3) 5.13 5.07 5.10
Resistance 2 (R2) 5.07 5.02 5.07 5.09
Resistance 1 (R1) 5.00 4.99 5.04 5.01 5.08
Pivot Point 4.94 4.94 4.95 4.94 4.94
Support 1 (S1) 4.87 4.89 4.91 4.88 4.80
Support 2 (S2) 4.81 4.86 4.81 4.79
Support 3 (S3) 4.74 4.81 4.78
Support 4 (S4) 4.75