Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 2	D	Weak or Absent	Down	Down	Down	-7.46%
Sep 29	D	Weak or Absent	Down	Down	Down	-9.78%
Sep 28	D	Weak or Absent	Down	Down	Down	-10.53%
Sep 27	D	Weak or Absent	Down	Down	Down	-10.53%
Sep 26	D	Weak or Absent	Down	Down	Down	-11.45%
Sep 25	D	Weak or Absent	Down	Down	Down	-11.64%
Sep 22	D	Weak or Absent	Down	Down	Down	-12.00%
Sep 21	D	Weak or Absent	Down	Down	Down	-12.35%
Sep 20	D	Weak or Absent	Down	Down	Down	-15.62%
Sep 19	D	Weak or Absent	Down	Down	Down	-14.45%