Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 22	C	Weak or Absent	Flat	Up	Down	0.00%
Nov 21	C	Weak or Absent	Flat	Up	Down	0.00%
Nov 20	C	Weak or Absent	Up	Up	Flat	-2.31%
Nov 19	C	Weak or Absent	Up	Up	Down	-1.17%
Nov 18	B	Weak or Absent	Up	Up	Flat	-1.45%
Nov 15	B	Weak or Absent	Up	Up	Up	-2.02%
Nov 14	B	Weak or Absent	Up	Up	Up	-0.59%
Nov 13	B	Weak or Absent	Flat	Up	Up	0.00%
Nov 12	C	Weak or Absent	Flat	Up	Up	-0.29%
Nov 11	C	Weak or Absent	Up	Up	Up	-3.97%