Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 18	F	Weak or Absent	Down	Down	Down	10.45%
Jun 17	F	Weak or Absent	Down	Down	Down	10.45%
Jun 14	F	Weak or Absent	Down	Down	Down	9.03%
Jun 13	F	Weak or Absent	Down	Down	Down	6.98%
Jun 12	F	Weak or Absent	Down	Down	Down	6.98%
Jun 11	F	Weak or Absent	Down	Down	Down	6.98%
Jun 10	F	Weak or Absent	Down	Down	Down	9.03%
Jun 7	F	Weak or Absent	Down	Down	Down	8.00%
Jun 6	F	Weak or Absent	Down	Down	Down	4.05%
Jun 5	F	Weak or Absent	Down	Down	Down	5.66%