Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 8	C	Weak or Absent	Up	Up	Up	-5.04%
Nov 7	C	Weak or Absent	Up	Up	Up	-6.09%
Nov 6	C	Weak or Absent	Up	Up	Up	-2.87%
Nov 5	F	Weak or Absent	Down	Down	Down	9.35%
Nov 4	F	Weak or Absent	Down	Down	Down	9.00%
Nov 1	F	Weak or Absent	Down	Down	Down	10.06%
Oct 31	F	Weak or Absent	Down	Down	Down	8.65%
Oct 30	D	Weak or Absent	Down	Down	Flat	6.94%
Oct 29	D	Weak or Absent	Down	Down	Flat	6.60%
Oct 28	D	Weak or Absent	Down	Down	Flat	6.60%