Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 19	C	Weak or Absent	Up	Up	Down	0.00%
Nov 18	B	Weak or Absent	Up	Up	Flat	-0.29%
Nov 15	B	Weak or Absent	Up	Up	Up	-0.87%
Nov 14	B	Weak or Absent	Up	Up	Up	0.59%
Nov 13	B	Weak or Absent	Flat	Up	Up	1.18%
Nov 12	C	Weak or Absent	Flat	Up	Up	0.88%
Nov 11	C	Weak or Absent	Up	Up	Up	-2.83%
Nov 8	C	Weak or Absent	Up	Up	Up	-3.92%
Nov 7	C	Weak or Absent	Up	Up	Up	-4.99%
Nov 6	C	Weak or Absent	Up	Up	Up	-1.72%