(GGB) Gerdau S complete technical analysis [charts+indicators] | Buy/Sell Gerdau S | (GGB) share price targets
Complete technical analysis of Gerdau S (GGB) by charts plus indicators, forecast predictions and share price targets for Gerdau S (GGB)
Gerdau S trades in USA in Capital Goods sector.
Showing technical analysis as on 2024-01-16 View latest technical analysis
10 day averaged volume of Gerdau S is 5724630
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Tue Jan 2024 | 4.20 | 4.30 | 4.30 | 4.18 | 0.92 times |
| 12 Fri Jan 2024 | 4.41 | 4.44 | 4.47 | 4.39 | 0.667 times |
| 12 Fri Jan 2024 | 4.41 | 4.44 | 4.47 | 4.39 | 0.667 times |
| 11 Thu Jan 2024 | 4.37 | 4.40 | 4.40 | 4.35 | 0.996 times |
| 10 Wed Jan 2024 | 4.40 | 4.42 | 4.43 | 4.35 | 1.844 times |
| 09 Tue Jan 2024 | 4.52 | 4.73 | 4.75 | 4.52 | 1.728 times |
| 08 Mon Jan 2024 | 4.82 | 4.78 | 4.86 | 4.74 | 1.167 times |
| 05 Fri Jan 2024 | 4.75 | 4.71 | 4.77 | 4.71 | 0.765 times |
| 04 Thu Jan 2024 | 4.72 | 4.74 | 4.76 | 4.70 | 0.605 times |
| 03 Wed Jan 2024 | 4.76 | 4.78 | 4.80 | 4.74 | 0.703 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 4.2, for a target of 4.5 or 4.68
Share price targets for Gerdau S (GGB)
| Target Type | Value |
| Downside Target | 4.18 |
| Upside Target | 4.30 |
| Upside Target | 4.70 |
| Upside Target | 4.81 |
| Upside Target | 4.86 |
| Upside Target | 4.90 |
| Upside Target | 4.93 |
| Upside Target | 5.05 |
| Upside Target | 5.36 |
Intraday share price targets for Gerdau S (GGB)
| Target Type | Value |
| Downside Intraday Target | 4.15 |
| Downside Intraday Target | 4.11 |
| Upside Intraday Target | 4.27 |
| Upside Intraday Target | 4.35 |
| Upside Intraday Target | 4.23 |
Weekly technical analysis of Gerdau S (GGB)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Tue Jan 2024 | 4.20 | 4.30 | 4.30 | 4.18 | 1.38 times |
| 12 Fri Jan 2024 | 4.41 | 4.44 | 4.47 | 4.39 | 0.104 times |
| 12 Fri Jan 2024 | 4.41 | 4.78 | 4.86 | 4.35 | 2.184 times |
| 05 Fri Jan 2024 | 4.75 | 4.85 | 4.90 | 4.70 | 5.514 times |
| 29 Fri Dec 2023 | 4.85 | 4.86 | 4.86 | 4.81 | 0.25 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Gerdau S (GGB)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 16 Tue Jan 2024 | 4.20 | 4.85 | 4.90 | 4.18 | 0.568 times |
| 29 Fri Dec 2023 | 4.85 | 4.44 | 4.93 | 4.43 | 0.862 times |
| 30 Thu Nov 2023 | 4.46 | 4.39 | 5.05 | 4.36 | 1.091 times |
| 31 Tue Oct 2023 | 4.34 | 4.75 | 4.77 | 4.20 | 0.858 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Gerdau S (GGB)
Price action analysis of Gerdau S ( (GGB) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Gerdau S ( (GGB) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Gerdau S ( (GGB) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Gerdau S ( (GGB) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Gerdau S stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Gerdau S in short term and the sell signal is strong.
Gerdau S Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Gerdau S in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Gerdau S is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 4.52 and Gerdau S (GGB) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Gerdau S (GGB) stock. Volume based technical analysis of Gerdau S (GGB) stock is negative.
Gerdau S Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Gerdau S ( (GGB) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Gerdau S ( (GGB) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Gerdau S ( (GGB) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Gerdau S ( (GGB) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Gerdau S stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Gerdau S in short term and the sell signal is strong.
Gerdau S Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Gerdau S in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Gerdau S is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 4.52 and Gerdau S (GGB) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Gerdau S (GGB) stock. Volume based technical analysis of Gerdau S (GGB) stock is negative.
Gerdau S Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.