Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 27	D	Weak or Absent	Down	Flat	Down	-6.34%
Nov 24	D	Strong	Down	Up	Down	-8.17%
Nov 22	D	Strong	Down	Up	Down	-10.88%
Nov 21	C	Strong	Down	Up	Up	-11.62%
Nov 20	C	Strong	Down	Up	Flat	-10.69%
Nov 17	B	Strong	Up	Up	Up	-14.03%
Nov 16	B	Strong	Up	Up	Up	-13.51%
Nov 15	B	Strong	Flat	Up	Up	-12.81%
Nov 14	B	Strong	Flat	Up	Up	-13.16%
Nov 13	C	Strong	Down	Up	Up	-9.90%