Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 2	B	Weak or Absent	Up	Up	Up	0.00%
Oct 1	C	Weak or Absent	Up	Up	Up	1.14%
Sep 30	C	Weak or Absent	Up	Up	Up	1.14%
Sep 27	C	Weak or Absent	Up	Up	Up	1.72%
Sep 26	C	Weak or Absent	Up	Up	Up	1.72%
Sep 25	D	Weak or Absent	Down	Up	Flat	6.31%
Sep 24	D	Weak or Absent	Down	Up	Up	5.04%
Sep 23	D	Weak or Absent	Down	Down	Down	10.63%
Sep 20	D	Weak or Absent	Down	Flat	Down	8.59%
Sep 19	D	Weak or Absent	Down	Up	Up	3.51%