Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 27	C	Weak or Absent	Up	Up	Up	-13.51%
Dec 26	C	Weak or Absent	Up	Up	Up	-14.04%
Dec 22	C	Weak or Absent	Up	Up	Up	-13.33%
Dec 21	C	Weak or Absent	Flat	Up	Up	-12.25%
Dec 20	D	Weak or Absent	Down	Up	Flat	-9.23%
Dec 19	D	Weak or Absent	Down	Up	Up	-10.57%
Dec 18	C	Weak or Absent	Flat	Up	Up	-12.61%
Dec 15	D	Weak or Absent	Down	Up	Up	-10.76%
Dec 14	D	Weak or Absent	Flat	Up	Up	-11.88%
Dec 13	D	Weak or Absent	Down	Up	Up	-10.19%