Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Wednesday, March 29, 2023.

Gerdau S.A. (NYSE:GGB)

Bear Market Rally (-75) - GGB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GGB as it may be in the beginning of a reversal.

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.

Open High Low GGB Price Change
4.80 4.83 4.71 4.77 +0.01
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 up The short-term trend has been UP since Mar 28th, 2023 at 4.74

Smart Scan Analysis for GGB

Based on our trend formula, GGB is rated as a -75 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
4.80 4.83 4.71 4.77 +0.01
Prev. Close Volume Bid Ask Time
4.76 5509735 2023-03-29 15:59:27
Year High5.32Year High Date2018-03-06
Year Low3.365Year Low Date2018-06-27
52wk High6.33809552wk High Date2023-01-18
52wk Low3.75238152wk Low Date2022-07-06
Year End Close8.99Average Volume9,040,368
Shares Outstanding1,072,499Short Interest21,113,330
% Institutional15Market Cap5,447M
P/E Ratio3.693Beta1.87
Get a free daily analysis and signals for Gerdau S.A. (GGB) - Request Your Free Report.