Stock Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Gerdau SA (NYSE:GGB)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Mar 19th, 2019 at 4.180
The short term trend has been UP since Mar 12th, 2019 at 3.920
Smart Scan Analysis for GGB
Based on a pre-defined weighted trend formula for chart analysis, GGB scored +90 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||3.365||52wk Low Date||2018-06-27|
|Year End Close||8.99||Average Volume||10,564,631|
|Shares Outstanding||1,021,428||Short Interest||21,113,330|
|% Institutional||15||Market Cap||7,183M|