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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GGB
The long-term trend has been DOWN since Oct 2nd, 2023 at 4.7550
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 4.2400
The short-term trend has been DOWN since May 8th, 2024 at 3.7409
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.72 | 3.79 | 3.72 | 3.78 | -0.01 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.79 | 4571952 | 2024-05-08 15:44:05 |
| Year High | 5.32 | Year High Date | 2018-03-06 |
| Year Low | 3.365 | Year Low Date | 2018-06-27 |
| 52wk High | 5.133333 | 52wk High Date | 2023-07-31 |
| 52wk Low | 3.425 | 52wk Low Date | 2024-03-15 |
| Year End Close | 8.99 | Average Volume | 11,282,030 |
| Shares Outstanding | 1,286,999 | Short Interest | 21,113,330 |
| % Institutional | 15 | Market Cap | 5,447M |
| Assets | 748,851,440M | Liabilities | 258,261,850M |
| P/E Ratio | 6.2131 | Beta | 1.87 |
| Volatility | 56.88 |