Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	C	Weak or Absent	Flat	Up	Flat	-7.81%
May 17	C	Weak or Absent	Up	Up	Up	-10.21%
May 16	C	Weak or Absent	Up	Up	Up	-11.93%
May 15	C	Weak or Absent	Up	Up	Up	-9.42%
May 14	C	Weak or Absent	Down	Up	Up	-6.51%
May 13	C	Weak or Absent	Down	Up	Up	-6.01%
May 10	C	Weak or Absent	Down	Flat	Flat	-4.47%
May 9	C	Weak or Absent	Down	Up	Up	-6.01%
May 8	C	Weak or Absent	Down	Up	Up	-7.50%
May 7	D	Weak or Absent	Down	Up	Up	-7.75%