GGB - Fibonacci targetsFibonacci targets for GGB: After marking a bottom with a bullish engulfing pattern and forming a reversal pivot, it is possible that the stock may reach the targets of 2.71, 2.81, and 2.98.
LongCompare with Gerdau S.A.
0.15 USD
248.27 M USD
12.50 B USD
1.24 B
Next report date
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EPS estimate
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Revenue estimate
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Profile
Sector
Industry
CEO
Gustavo Werneck da Cunha
Website
Headquarters
São Paulo
Founded
1901
IPO date
Sep 3, 1980
ISIN
US3737371050
CUSIP
373737105
FIGI
BBG000K91FQ4
Identifiers
ISIN US3737371050
Gerdau SA engages in the production and commercialization of steel products. It operates through the following segments: Brazil Operation, North America Operation, South Africa Operation, and Special Steels Operation. The Brazil Operation segment includes rebar, bars, shapes, drawn products, billets, blooms, slabs; wire rod, structural shapes, and iron ore. The North America Operation segment consists of rebar, bars, wire rod, and light and heavy structural shapes. The South Africa Operation segment covers rebar, bars, and drawn products. The Special Steels Operation segment comprises of stainless steel, round, square and flat bars, and wire rod. The company was founded by João Gerdau and Hugo Gerdau on January 16, 1901 and is headquartered in Sao Paulo, Brazil.
Long
Gerdau S.A. Pfd Sponsored ADR Repr 1 Pfd ShA play on steel price recovery & dropped raw materials
Supporting Arguments
▪ Steel prices to gain from China’s support measures & rate cuts
▪ A drop in raw materials prices to support Gerdau’s margins
▪ Valuation multiples also imply upside for the name
Investment Thesis
Gerdau is a Brazili
Long
$GGB breaking out of a ~11month base!Notes:
* Great earnings in the recent quarters
* Strong up trend in the recent years
* Breaking out of a ~11 month cup shaped base with higher than average volume
* During the recent pull back the volume was decreasing indicating bullishness.
Technicals:
* Sector: Basic Materials - Steel
* Relat
Long
$GGB Technical Analysis Best Case Scenario
Hold $5.27 support
then 👉aim for $5.50+
Worst Case Scenario
Re-test bottom trendline $5.15
then 👉look for bounce to $5.30+
If this does not hold, expect sub $5
GGB BullishThe most recent candle was able to break the descending trend line and also close over the .38 fibonacci level. It also closed in a bullish pin bar. The RSI is still low.
Looking for a move up the fib scale. First target $6.32. $6.54 and eventually $7.27
Long
Long
GGB - Stan Weinstien early stage two First post for a while, been a long year.
Stan Weinstein wrote a classic investment book in the 1980's
Basically, it's based on recognising the rotation in the market between stage 1,2 3 and 4 - instead of inserting loads of waffle about it check out this link - the7circles.uk
Stan’s general rul
Long
$GGB with massive volume accumulation at key breakout level. Volume accumulation over last several months is notable.
Long
$GGB breakout of a 2008 key support level! Notice the key level the stock is testing/ about to break out of. Analyzing over a longer time frame to look for some longer term trends.
Long
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
6.158% YTM
Maturity date Apr 16, 2044
Coupon 7.25% (Fixed)
6.155% YTM
Maturity date Apr 16, 2044
Coupon 7.25% (Fixed)
5.374% YTM
Maturity date Jun 9, 2035
Coupon 5.75% (Fixed)
4.932% YTM
Maturity date Oct 24, 2027
Coupon 4.88% (Fixed)
4.931% YTM
Maturity date Oct 24, 2027
Coupon 4.88% (Fixed)
See all GGB bonds
Weight 0.89%
Market value 32.79 M
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Weight 0.04%
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Weight 2.06%
Market value 3.20 M
Weight 0.05%
Market value 2.56 M
Weight 0.02%
Market value 2.04 M
Weight 0.13%
Market value 1.85 M
Weight 0.71%
Market value 1.56 M
Weight 0.07%
Market value 1.26 M
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