(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 2024-02-16 View latest technical analysis
10 day averaged volume of Gerdau S is 4494710
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Fri Feb 2024 | 4.24 | 4.20 | 4.29 | 4.20 | 2.444 times |
| 15 Thu Feb 2024 | 4.16 | 4.17 | 4.23 | 4.14 | 1.452 times |
| 14 Wed Feb 2024 | 4.15 | 4.16 | 4.23 | 4.13 | 1.499 times |
| 13 Tue Feb 2024 | 4.13 | 4.23 | 4.24 | 4.11 | 0.823 times |
| 12 Mon Feb 2024 | 4.28 | 4.24 | 4.31 | 4.24 | 0.376 times |
| 09 Fri Feb 2024 | 4.23 | 4.27 | 4.28 | 4.21 | 0.887 times |
| 08 Thu Feb 2024 | 4.26 | 4.36 | 4.36 | 4.25 | 0.89 times |
| 07 Wed Feb 2024 | 4.38 | 4.38 | 4.40 | 4.36 | 0.828 times |
| 06 Tue Feb 2024 | 4.39 | 4.29 | 4.41 | 4.28 | 1.063 times |
| 05 Mon Feb 2024 | 4.28 | 4.29 | 4.30 | 4.21 | 1.092 times |
Stock of Gerdau S (GGB) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bearish for shortterm, and stock might move down till 4.2 or till 4.1. Use a stoploss of 4.28 and if the stock hits stoploss, then it can shoot up till 4.37
Share price targets for Gerdau S (GGB)
| Target Type | Value |
| Downside Target | 4.11 |
| Upside Target | 4.31 |
| Upside Target | 4.41 |
| Upside Target | 4.43 |
| Upside Target | 4.47 |
| Upside Target | 4.77 |
| Upside Target | 4.90 |
| Upside Target | 4.93 |
| Upside Target | 5.05 |
Intraday share price targets for Gerdau S (GGB)
| Target Type | Value |
| Downside Intraday Target | 4.13 |
| Downside Intraday Target | 4.02 |
| Upside Intraday Target | 4.33 |
| Upside Intraday Target | 4.42 |
| Downside Intraday Target | 4.22 |
Weekly technical analysis of Gerdau S (GGB)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Fri Feb 2024 | 4.24 | 4.24 | 4.31 | 4.11 | 1.385 times |
| 09 Fri Feb 2024 | 4.23 | 4.29 | 4.41 | 4.21 | 0.747 times |
| 02 Fri Feb 2024 | 4.32 | 4.40 | 4.41 | 4.21 | 1.156 times |
| 26 Fri Jan 2024 | 4.44 | 4.22 | 4.47 | 4.16 | 1.018 times |
| 19 Fri Jan 2024 | 4.29 | 4.30 | 4.31 | 4.15 | 6.377 times |
Price has moved up 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 Fri Feb 2024 | 4.24 | 4.26 | 4.41 | 4.11 | 0.497 times |
| 31 Wed Jan 2024 | 4.23 | 4.85 | 4.90 | 4.15 | 1.13 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 |
Scroll below to view daily charts
Price has moved up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Gerdau S ( (GGB) ) based on a short term time period is neutral. A longer time frame might give a better analysis.
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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Gerdau S stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Gerdau S in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Gerdau S Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Gerdau S in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Gerdau S is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 4.24 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Gerdau S ( (GGB) ) based on a short term time period is neutral. A longer time frame might give a better analysis.
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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Gerdau S stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Gerdau S in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Gerdau S Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Gerdau S in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Gerdau S is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 4.24 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.