Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 25	D	Weak or Absent	Down	Flat	Flat	-2.28%
Mar 22	D	Weak or Absent	Down	Flat	Flat	-2.28%
Mar 21	D	Weak or Absent	Down	Up	Up	-4.50%
Mar 20	D	Weak or Absent	Down	Up	Up	-3.63%
Mar 19	F	Weak or Absent	Down	Down	Flat	-1.60%
Mar 18	F	Weak or Absent	Down	Down	Down	-0.67%
Mar 15	F	Weak or Absent	Down	Down	Down	1.00%
Mar 14	F	Weak or Absent	Down	Down	Down	-0.90%
Mar 13	D	Weak or Absent	Down	Up	Up	-4.28%
Mar 12	F	Weak or Absent	Down	Down	Down	-1.83%