Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 22	B	Weak or Absent	Down	Up	Up	-7.85%
Apr 19	B	Weak or Absent	Down	Up	Down	-4.33%
Apr 18	D	Weak or Absent	Down	Down	Down	-1.92%
Apr 17	D	Weak or Absent	Down	Down	Down	-2.06%
Apr 16	D	Weak or Absent	Down	Down	Down	-1.60%
Apr 15	C	Weak or Absent	Down	Up	Down	-5.79%
Apr 12	D	Weak or Absent	Down	Flat	Down	-2.73%
Apr 11	C	Weak or Absent	Down	Up	Flat	-6.21%
Apr 10	C	Weak or Absent	Down	Up	Flat	-6.42%
Apr 9	C	Weak or Absent	Down	Up	Up	-8.26%