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Stock Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

Gerdau S.A. (NYSE:GGB)

Long-Term Downtrend (-90) - GGB is in a strong downtrend that is likely to continue. While GGB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

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Open High Low GGB Price Change
4.870 4.885 4.790 4.835 +0.045
Entry Signal

MarketClub’s Trade Triangles for GGB

long term down The long-term trend has been DOWN since Mar 9th, 2023 at 5.34

intermediate term down The intermediate-term trend has been DOWN since Feb 6th, 2023 at 6.05

short term down The short-term trend has been DOWN since Mar 6th, 2023 at 5.55

Smart Scan Analysis for GGB

Based on our trend formula, GGB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for GGB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.870 4.885 4.790 4.835 +0.045
Prev. Close Volume Bid Ask Time
4.840 5612043 2023-03-21 15:59:38
Year High5.32Year High Date2018-03-06
Year Low3.365Year Low Date2018-06-27
52wk High6.65552wk High Date2023-01-18
52wk Low3.9452wk Low Date2022-07-06
Year End Close8.99Average Volume8,997,437
Shares Outstanding1,021,428Short Interest21,113,330
% Institutional15Market Cap5,447M
P/E Ratio3.693Beta1.87
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