Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 18	B	Weak or Absent	Flat	Down	Flat	-16.28%
Sep 15	B	Weak or Absent	Up	Down	Up	-17.88%
Sep 14	C	Weak or Absent	Up	Down	Up	-18.34%
Sep 13	C	Weak or Absent	Flat	Down	Flat	-16.28%
Sep 12	B	Weak or Absent	Up	Down	Flat	-16.76%
Sep 11	C	Weak or Absent	Flat	Down	Flat	-16.44%
Sep 8	D	Weak or Absent	Down	Down	Down	-14.62%
Sep 7	D	Weak or Absent	Down	Down	Down	-13.59%
Sep 6	D	Weak or Absent	Down	Down	Down	-15.12%
Sep 5	C	Weak or Absent	Flat	Down	Flat	-16.28%