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Stock Trend Analysis Report

Prepared for you on Sunday, December 10, 2023.

Gerdau S.A. (NYSE:GGB)

Strong Downtrend (-100) - GGB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GGB continues to fall. 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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NYSE_GGB
Open High Low GGB Price Change
4.490 4.610 4.490 4.555 +0.005
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 Nov 27th, 2023 at 4.560

short term down The short-term trend has been DOWN since Nov 20th, 2023 at 4.935

Smart Scan Analysis for GGB

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

-100
Smart Scan Analysis for GGB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.490 4.610 4.490 4.555 +0.005
Prev. Close Volume Bid Ask Time
4.560 3130429 2023-12-08 15:59:10
Year High5.32Year High Date2018-03-06
Year Low3.365Year Low Date2018-06-27
52wk High6.33809552wk High Date2023-01-18
52wk Low4.252wk Low Date2023-10-20
Year End Close8.99Average Volume6,550,988
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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