Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 10	C	Strong	Down	Up	Up	-11.11%
Nov 9	C	Strong	Down	Down	Up	-6.86%
Nov 8	D	Strong	Down	Down	Up	-7.26%
Nov 7	D	Strong	Down	Down	Up	-8.65%
Nov 6	D	Strong	Down	Down	Up	-8.84%
Nov 3	D	Strong	Down	Down	Up	-8.25%
Nov 2	D	Strong	Down	Down	Up	-6.65%
Nov 1	C	Strong	Down	Down	Up	-3.72%
Oct 31	D	Strong	Down	Down	Flat	-1.28%
Oct 30	D	Strong	Down	Down	Flat	-1.28%