Trend Table for GGB - Gerdau S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 24	D	Weak or Absent	Down	Up	Up	3.41%
Sep 23	D	Weak or Absent	Down	Down	Down	8.91%
Sep 20	D	Weak or Absent	Down	Flat	Down	6.90%
Sep 19	D	Weak or Absent	Down	Up	Up	1.90%
Sep 18	C	Weak or Absent	Down	Up	Up	2.80%
Sep 17	D	Weak or Absent	Down	Up	Up	3.41%
Sep 16	C	Weak or Absent	Down	Up	Up	4.03%
Sep 13	C	Weak or Absent	Down	Up	Up	3.41%
Sep 12	C	Weak or Absent	Down	Up	Up	4.97%
Sep 11	C	Weak or Absent	Down	Up	Up	5.61%