Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 27	C	Weak or Absent	Up	Up	Up	-2.59%
Sep 26	C	Weak or Absent	Up	Up	Up	-2.59%
Sep 25	D	Weak or Absent	Down	Up	Flat	1.80%
Sep 24	D	Weak or Absent	Down	Up	Up	0.59%
Sep 23	D	Weak or Absent	Down	Down	Down	5.94%
Sep 20	D	Weak or Absent	Down	Flat	Down	3.99%
Sep 19	D	Weak or Absent	Down	Up	Up	-0.88%
Sep 18	C	Weak or Absent	Down	Up	Up	0.00%
Sep 17	D	Weak or Absent	Down	Up	Up	0.59%
Sep 16	C	Weak or Absent	Down	Up	Up	1.19%