Technical Analysis for GGB - Gerdau S.A.

Grade Last Price % Change Price Change
A 5.76 1.59% 0.09
GGB closed up 1.59 percent on Thursday, April 15, 2021, on 1.45 times normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up
Historical GGB trend table...

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
New 52 Week Closing High Bullish 1.59%
New 52 Week High Strength 1.59%
Upper Bollinger Band Walk Strength 1.59%
Overbought Stochastic Strength 1.59%
Older End-of-Day Signals for GGB ...

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

Alert Time
Trending on StockTwits about 4 hours ago
Upper Bollinger Band Resistance about 17 hours ago
2x Volume Pace about 18 hours ago
1.5x Volume Pace about 18 hours ago
Gap Up Partially Closed about 18 hours ago
View Earlier Intraday Alerts

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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 Architecture Machinery Stainless Steel Fastener Steel Products Fasteners Elevator Manufacturing Industries Rebar Spike Steel Industry Steel Producer Wire Steel Producers Gerd Coil Steel 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

Indicators

Indicator Value
52 Week High 5.8327
52 Week Low 1.84
Average Volume 13,150,000
200-Day Moving Average 4.19
50-Day Moving Average 4.89
20-Day Moving Average 5.22
10-Day Moving Average 5.44
Average True Range 0.22
ADX 22.31
+DI 28.99
-DI 10.91
Chandelier Exit (Long, 3 ATRs ) 5.18
Chandelier Exit (Short, 3 ATRs ) 5.28
Upper Bollinger Band 5.80
Lower Bollinger Band 4.63
Percent B (%b) 0.97
BandWidth 22.36
MACD Line 0.21
MACD Signal Line 0.17
MACD Histogram 0.0472
Fundamentals Value
Market Cap 9.8 Billion
Num Shares 1.7 Billion
EPS 0.08
Price-to-Earnings (P/E) Ratio 69.40
Price-to-Sales 0.98
Price-to-Book 1.23
PEG Ratio 0.00
Dividend 0.04
Dividend Yield 0.69%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.99
Resistance 3 (R3) 5.99 5.91 5.95
Resistance 2 (R2) 5.91 5.85 5.91 5.94
Resistance 1 (R1) 5.84 5.82 5.80 5.84 5.93
Pivot Point 5.76 5.76 5.74 5.76 5.76
Support 1 (S1) 5.68 5.70 5.64 5.68 5.59
Support 2 (S2) 5.60 5.66 5.61 5.58
Support 3 (S3) 5.53 5.60 5.57
Support 4 (S4) 5.53