Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 11	F	Weak or Absent	Down	Down	Down	-3.41%
Jan 10	F	Weak or Absent	Down	Down	Down	-4.07%
Jan 9	F	Weak or Absent	Down	Down	Down	-6.62%
Jan 8	D	Weak or Absent	Flat	Up	Flat	-12.43%
Jan 5	D	Weak or Absent	Down	Up	Down	-11.14%
Jan 4	D	Weak or Absent	Down	Up	Down	-10.57%
Jan 3	D	Weak or Absent	Down	Up	Down	-11.33%
Jan 2	D	Weak or Absent	Flat	Up	Flat	-12.06%
Dec 29	C	Weak or Absent	Up	Up	Up	-12.97%
Dec 28	C	Weak or Absent	Up	Up	Up	-13.86%