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Stock Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Gerdau S.A. (NYSE:GGB)

Weak Downtrend (-65) - GGB is showing signs of a strengthening downtrend. Monitor GGB as it may be building momentum to the downside.

Is it time to buy, sell, or avoid GGB?

MarketClub looks at technical strength and momentum to determine if the timing is right for GGB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_GGB
Open High Low GGB Price Change
4.270 4.430 4.260 4.395 +0.125
Entry Signal

MarketClub’s Trade Triangles for GGB

long term down The long-term trend has been DOWN since Oct 2nd, 2023 at 4.755

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2024 at 4.200

short term up The short-term trend has been UP since Mar 27th, 2024 at 4.360

Smart Scan Analysis for GGB

Based on our trend formula, GGB is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for GGB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.270 4.430 4.260 4.395 +0.125
Prev. Close Volume Bid Ask Time
4.390 5306914 2024-03-27 15:58:15
Year High5.32Year High Date2018-03-06
Year Low3.365Year Low Date2018-06-27
52wk High6.1652wk High Date2023-07-31
52wk Low4.1152wk Low Date2024-03-15
Year End Close8.99Average Volume6,964,636
Shares Outstanding1,072,499Short Interest21,113,330
% Institutional15Market Cap5,447M
Assets764,103,830MLiabilities258,094,460M
P/E Ratio3.693Beta1.87
Volatility56.88
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