Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 9	F	Weak or Absent	Down	Down	Down	-0.22%
Feb 8	F	Weak or Absent	Down	Down	Down	-0.92%
Feb 7	D	Weak or Absent	Down	Down	Up	-3.64%
Feb 6	D	Weak or Absent	Down	Down	Up	-3.85%
Feb 5	F	Weak or Absent	Down	Down	Down	-1.38%
Feb 2	F	Weak or Absent	Down	Down	Flat	-2.29%
Feb 1	F	Weak or Absent	Down	Down	Down	-0.92%
Jan 31	F	Weak or Absent	Down	Down	Down	-0.22%
Jan 30	F	Weak or Absent	Down	Down	Down	-1.38%
Jan 29	F	Weak or Absent	Down	Down	Flat	-1.84%