Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 8	C	Weak or Absent	Flat	Up	Down	0.87%
Oct 7	B	Weak or Absent	Up	Up	Up	-2.24%
Oct 4	B	Weak or Absent	Up	Up	Up	-0.29%
Oct 3	B	Weak or Absent	Flat	Up	Up	1.16%
Oct 2	B	Weak or Absent	Up	Up	Up	-1.41%
Oct 1	C	Weak or Absent	Up	Up	Up	-0.29%
Sep 30	C	Weak or Absent	Up	Up	Up	-0.29%
Sep 27	C	Weak or Absent	Up	Up	Up	0.29%
Sep 26	C	Weak or Absent	Up	Up	Up	0.29%
Sep 25	D	Weak or Absent	Down	Up	Flat	4.80%