Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 20	C	Weak or Absent	Up	Up	Flat	-2.74%
Nov 19	C	Weak or Absent	Up	Up	Down	-1.60%
Nov 18	B	Weak or Absent	Up	Up	Flat	-1.89%
Nov 15	B	Weak or Absent	Up	Up	Up	-2.46%
Nov 14	B	Weak or Absent	Up	Up	Up	-1.03%
Nov 13	B	Weak or Absent	Flat	Up	Up	-0.44%
Nov 12	C	Weak or Absent	Flat	Up	Up	-0.74%
Nov 11	C	Weak or Absent	Up	Up	Up	-4.39%
Nov 8	C	Weak or Absent	Up	Up	Up	-5.46%
Nov 7	C	Weak or Absent	Up	Up	Up	-6.51%