Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 11	F	Weak or Absent	Down	Down	Down	-0.90%
Mar 8	F	Weak or Absent	Down	Down	Down	-0.90%
Mar 7	F	Weak or Absent	Down	Down	Down	-0.90%
Mar 6	F	Weak or Absent	Down	Down	Flat	-2.28%
Mar 5	D	Weak or Absent	Down	Down	Flat	-2.96%
Mar 4	D	Weak or Absent	Down	Flat	Up	-4.50%
Mar 1	D	Weak or Absent	Down	Up	Up	-5.99%
Feb 29	F	Weak or Absent	Down	Down	Flat	-2.07%
Feb 28	F	Weak or Absent	Down	Down	Up	-1.84%
Feb 27	D	Weak or Absent	Down	Down	Up	-2.97%