Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 5	F	Weak or Absent	Down	Down	Down	10.65%
Nov 4	F	Weak or Absent	Down	Down	Down	10.29%
Nov 1	F	Weak or Absent	Down	Down	Down	11.36%
Oct 31	F	Weak or Absent	Down	Down	Down	9.94%
Oct 30	D	Weak or Absent	Down	Down	Flat	8.20%
Oct 29	D	Weak or Absent	Down	Down	Flat	7.86%
Oct 28	D	Weak or Absent	Down	Down	Flat	7.86%
Oct 25	F	Weak or Absent	Down	Down	Down	9.94%
Oct 24	F	Weak or Absent	Down	Down	Down	9.94%
Oct 23	F	Weak or Absent	Down	Down	Down	9.58%