Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 25	F	Weak or Absent	Down	Down	Down	8.65%
Oct 24	F	Weak or Absent	Down	Down	Down	8.65%
Oct 23	F	Weak or Absent	Down	Down	Down	8.31%
Oct 22	F	Weak or Absent	Down	Down	Down	7.28%
Oct 21	F	Weak or Absent	Down	Down	Down	6.27%
Oct 18	F	Weak or Absent	Down	Down	Down	5.94%
Oct 17	D	Weak or Absent	Down	Down	Down	6.60%
Oct 16	D	Weak or Absent	Down	Down	Down	5.28%
Oct 15	D	Weak or Absent	Down	Down	Down	5.28%
Oct 14	D	Weak or Absent	Down	Up	Down	2.11%