Gerdau SA Stock Forecast

Hold candidate since Mar 14, 2025 Gain 3.74%

The Gerdau SA stock price gained 0.660% on the last trading day (Wednesday, 19th Mar 2025), rising from $3.03 to $3.05. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.82% from a day low at $3.03 to a day high of $3.08. The price has risen in 6 of the last 10 days and is up by 4.45% over the past 2 weeks. Volume fell on the last day by -45 thousand shares and in total, 4 million shares were bought and sold for approximately $12.05 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $3.08 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Gerdau SA stock with a 90% probability to be traded between $2.74 and $3.10 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

GGB Signals & Forecast

The Gerdau SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.93 and $2.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 13, 2025, and so far it has risen 8.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Thursday, February 06, 2025 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Gerdau SA stock

Gerdau SA finds support from accumulated volume at $3.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0550 between high and low, or 1.82%. For the last week, the stock has had daily average volatility of 2.44%.

Our recommended stop-loss: $2.95 (-3.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (GGB) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Gerdau SA to open at $3.05, and during the day (based on 14 day Average True Range), to move between $2.96 and $3.14, which gives a possible trading interval of +/-$0.0917 (+/-3.01%) up or down from last closing price. If Gerdau SA takes out the full calculated possible swing range there will be an estimated 6.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.02 (0.98%) than the resistance at $3.08 (0.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gerdau SA stock A Buy?

Gerdau SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.014 Hold/Accumulate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on March 20, 2025 - $3.05 ( 0.0546%).