Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 29	D	Weak or Absent	Down	Up	Flat	3.04%
Aug 28	D	Weak or Absent	Down	Up	Down	4.31%
Aug 27	D	Weak or Absent	Down	Up	Up	2.11%
Aug 26	D	Weak or Absent	Down	Up	Up	0.89%
Aug 23	D	Weak or Absent	Down	Up	Up	1.50%
Aug 22	D	Weak or Absent	Down	Up	Up	3.67%
Aug 21	D	Weak or Absent	Down	Up	Up	0.89%
Aug 20	D	Weak or Absent	Down	Up	Up	4.95%
Aug 19	D	Weak or Absent	Down	Up	Up	3.99%
Aug 16	D	Weak or Absent	Down	Down	Up	7.62%