Gerdau: fresh buy signal near the highs
Gerdau jumps 4.5% and fires a fresh buy signal near its highs
Gerdau: fresh buy signal near the highs
Our view last week
Gerdau shares rebound 7.3% this week, bouncing off their 20-day moving average with 83% of daily volume on the buy side: the price returns almost exactly to the sell signal's Inversion Point, and strength drops to 2 out of 100 — a decline nearly over. Weekly technical analysis: the quality band flags trading as not recommended for a fresh entry.
This week's summary
Gerdau leaves behind last week's nearly spent sell signal and flips straight into a new buy signal: up 4.5% this week, with 69% of daily volume on the buy side and money flow back in positive territory. The weekly structure is clean — all four structural averages aligned, price above the Ichimoku cloud — but the stock is hugging its recent highs, a level already tested more than once: the quality band flags trading as not recommended for a direct entry.
Fresh BUY
·1st week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 4
★ See Gold version →
IQS Phase
70
in tension
Signal Strength
54
medium
Sizing
STANDARD
Ranking
#4 / 5
New rest of the world stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content