Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 26	D	Weak or Absent	Down	Down	Up	-4.94%
Jan 25	D	Weak or Absent	Down	Down	Up	-4.72%
Jan 24	D	Weak or Absent	Down	Down	Up	-4.29%
Jan 23	F	Weak or Absent	Down	Down	Down	-1.38%
Jan 22	F	Weak or Absent	Down	Down	Down	0.74%
Jan 19	F	Weak or Absent	Down	Down	Down	-1.61%
Jan 18	F	Weak or Absent	Down	Down	Down	-0.45%
Jan 17	F	Weak or Absent	Down	Down	Down	0.74%
Jan 16	F	Weak or Absent	Down	Down	Down	0.50%
Jan 12	F	Weak or Absent	Down	Down	Down	-4.29%