Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 22	F	Weak or Absent	Down	Down	Down	8.54%
Oct 21	F	Weak or Absent	Down	Down	Down	7.52%
Oct 18	F	Weak or Absent	Down	Down	Down	7.19%
Oct 17	D	Weak or Absent	Down	Down	Down	7.86%
Oct 16	D	Weak or Absent	Down	Down	Down	6.52%
Oct 15	D	Weak or Absent	Down	Down	Down	6.52%
Oct 14	D	Weak or Absent	Down	Up	Down	3.31%
Oct 11	D	Weak or Absent	Down	Flat	Down	3.94%
Oct 10	C	Weak or Absent	Flat	Up	Down	-0.29%
Oct 9	D	Weak or Absent	Down	Up	Down	0.29%