Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 6	D	Weak or Absent	Flat	Up	Up	-8.17%
May 3	D	Weak or Absent	Down	Up	Up	-7.45%
May 2	D	Weak or Absent	Down	Flat	Flat	-2.58%
May 1	F	Weak or Absent	Down	Down	Down	0.19%
Apr 30	F	Weak or Absent	Down	Down	Down	1.06%
Apr 29	F	Weak or Absent	Down	Down	Flat	-2.31%
Apr 26	D	Weak or Absent	Down	Flat	Flat	-2.58%
Apr 25	F	Weak or Absent	Down	Down	Down	0.77%
Apr 24	F	Weak or Absent	Down	Down	Down	-1.21%
Apr 23	B	Weak or Absent	Down	Up	Flat	-3.91%