Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 21	B	Weak or Absent	Up	Up	Up	-22.63%
Jul 20	B	Weak or Absent	Up	Up	Up	-23.31%
Jul 19	B	Weak or Absent	Up	Up	Up	-22.91%
Jul 18	B	Weak or Absent	Up	Up	Up	-23.04%
Jul 17	B	Weak or Absent	Up	Up	Up	-22.63%
Jul 14	B	Weak or Absent	Up	Up	Up	-22.22%
Jul 13	B	Weak or Absent	Up	Up	Up	-23.04%
Jul 12	B	Weak or Absent	Up	Up	Up	-21.10%
Jul 11	B	Weak or Absent	Up	Up	Up	-19.06%
Jul 10	B	Weak or Absent	Up	Up	Up	-18.30%