Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 11	D	Weak or Absent	Down	Flat	Down	2.73%
Oct 10	C	Weak or Absent	Flat	Up	Down	-1.45%
Oct 9	D	Weak or Absent	Down	Up	Down	-0.88%
Oct 8	C	Weak or Absent	Flat	Up	Down	-2.02%
Oct 7	B	Weak or Absent	Up	Up	Up	-5.04%
Oct 4	B	Weak or Absent	Up	Up	Up	-3.14%
Oct 3	B	Weak or Absent	Flat	Up	Up	-1.74%
Oct 2	B	Weak or Absent	Up	Up	Up	-4.24%
Oct 1	C	Weak or Absent	Up	Up	Up	-3.14%
Sep 30	C	Weak or Absent	Up	Up	Up	-3.14%