Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 22	B	Weak or Absent	Up	Up	Flat	-15.74%
Jun 21	B	Weak or Absent	Up	Up	Up	-17.16%
Jun 20	B	Weak or Absent	Up	Up	Up	-17.16%
Jun 16	B	Weak or Absent	Up	Up	Up	-17.32%
Jun 15	B	Weak or Absent	Up	Up	Up	-17.62%
Jun 14	B	Weak or Absent	Up	Up	Up	-17.32%
Jun 13	B	Weak or Absent	Up	Up	Up	-14.10%
Jun 12	B	Weak or Absent	Up	Up	Up	-13.94%
Jun 9	B	Weak or Absent	Up	Up	Up	-14.27%
Jun 8	B	Weak or Absent	Up	Up	Up	-14.10%