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(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.

10 day averaged volume of Gerdau S is 7925120

Date Daily Closing Price Open High Low Volume
18 Mon Mar 2024 4.23 4.18 4.26 4.14 0.865 times
15 Fri Mar 2024 4.16 4.20 4.24 4.11 1.325 times
14 Thu Mar 2024 4.24 4.43 4.44 4.21 1.58 times
13 Wed Mar 2024 4.39 4.29 4.44 4.29 0.947 times
12 Tue Mar 2024 4.28 4.28 4.34 4.25 1.066 times
11 Mon Mar 2024 4.24 4.24 4.30 4.21 1.013 times
08 Fri Mar 2024 4.24 4.22 4.24 4.20 0.897 times
07 Thu Mar 2024 4.24 4.29 4.30 4.23 0.503 times
06 Wed Mar 2024 4.30 4.37 4.40 4.27 1.183 times
05 Tue Mar 2024 4.33 4.37 4.40 4.32 0.919 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 4.2 as stoploss in an intra day buy trade for a target of 4.3. However, stock will show a bearish move below 4.2.

Share price targets for Gerdau S (GGB)

Target Type Value
Downside Target 4.11
Upside Target 4.36
Upside Target 4.44
Upside Target 4.45
Upside Target 4.48
Upside Target 4.49
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 4.16
Downside Intraday Target 4.09
Upside Intraday Target 4.28
Upside Intraday Target 4.33
Downside Intraday Target 4.21

Weekly technical analysis of Gerdau S (GGB)

Date Weekly Closing Price Open High Low Volume
18 Mon Mar 2024 4.23 4.18 4.26 4.14 0.146 times
15 Fri Mar 2024 4.16 4.24 4.44 4.11 1.457 times
08 Fri Mar 2024 4.24 4.43 4.48 4.20 0.976 times
01 Fri Mar 2024 4.49 4.23 4.49 4.20 0.957 times
23 Fri Feb 2024 4.28 4.27 4.45 4.25 1.165 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
18 Mon Mar 2024 4.23 4.47 4.49 4.11 0.859 times
29 Thu Feb 2024 4.31 4.26 4.45 4.11 0.932 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

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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Gerdau S ( (GGB) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 4.26 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Gerdau S ( (GGB) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 4.26 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.

Daily charts

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Daily chart
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