Stock Trend Analysis Report
Prepared for you on Wednesday, January 16, 2019.
Gerdau SA (NYSE:GGB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GGB
The long term trend has been UP since Nov 2nd, 2018 at 4.625
The intermediate term trend has been UP since Jan 3rd, 2019 at 4.070
The short term trend has been DOWN since Jan 11th, 2019 at 4.095
Smart Scan Analysis for GGB
Based on a pre-defined weighted trend formula for chart analysis, GGB scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||5.32||Year High Date||2018-03-06|
|Year Low||3.365||Year Low Date||2018-06-27|
|52wk High||5.32||52wk High Date||2018-03-06|
|52wk Low||3.23||52wk Low Date||2017-12-07|
|Year End Close||8.99||Average Volume||14,021,056|
|Shares Outstanding||1,702,131||Short Interest||21,113,330|