Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 16	C	Strong	Down	Down	Up	-4.16%
Oct 13	F	Strong	Down	Down	Down	-2.42%
Oct 12	F	Strong	Down	Down	Down	-0.85%
Oct 11	D	Strong	Down	Down	Down	-3.08%
Oct 10	D	Strong	Down	Down	Down	-3.29%
Oct 9	F	Strong	Down	Down	Down	-1.75%
Oct 6	F	Strong	Down	Down	Down	-1.97%
Oct 5	F	Strong	Down	Down	Down	-1.52%
Oct 4	D	Strong	Down	Down	Down	-3.29%
Oct 3	D	Weak or Absent	Down	Down	Down	-4.16%