Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 12	D	Weak or Absent	Down	Up	Up	-7.30%
Dec 11	D	Weak or Absent	Down	Up	Up	-7.51%
Dec 8	D	Weak or Absent	Down	Up	Up	-7.30%
Dec 7	D	Weak or Absent	Down	Up	Flat	-7.10%
Dec 6	D	Weak or Absent	Down	Up	Flat	-7.10%
Dec 5	D	Weak or Absent	Down	Up	Down	-6.48%
Dec 4	D	Weak or Absent	Down	Down	Down	-5.44%
Nov 30	D	Weak or Absent	Down	Down	Down	-5.22%
Nov 29	D	Weak or Absent	Down	Up	Down	-7.10%
Nov 28	D	Weak or Absent	Down	Up	Down	-8.11%