Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 13	C	Weak or Absent	Down	Up	Up	0.59%
Sep 12	C	Weak or Absent	Down	Up	Up	2.11%
Sep 11	C	Weak or Absent	Down	Up	Up	2.73%
Sep 10	C	Weak or Absent	Down	Up	Flat	3.67%
Sep 9	C	Weak or Absent	Down	Up	Up	2.42%
Sep 6	C	Weak or Absent	Down	Up	Flat	3.99%
Sep 5	C	Weak or Absent	Down	Up	Flat	3.35%
Sep 4	D	Weak or Absent	Down	Flat	Down	5.28%
Sep 3	D	Weak or Absent	Down	Down	Down	7.11%
Aug 30	D	Weak or Absent	Down	Up	Down	3.99%