Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 26	F	Weak or Absent	Down	Down	Flat	-0.45%
Feb 23	F	Weak or Absent	Down	Down	Up	-1.38%
Feb 22	D	Weak or Absent	Down	Down	Up	-2.52%
Feb 21	D	Weak or Absent	Down	Down	Up	-3.64%
Feb 20	F	Weak or Absent	Down	Down	Up	-2.07%
Feb 16	F	Weak or Absent	Down	Down	Flat	-0.45%
Feb 15	F	Weak or Absent	Down	Down	Down	1.46%
Feb 14	F	Weak or Absent	Down	Down	Down	1.71%
Feb 13	F	Weak or Absent	Down	Down	Down	2.20%
Feb 12	F	Weak or Absent	Down	Down	Flat	-1.38%