Trend Table for VIV - Telefonica Brasil, S.A. ADS

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 18	D	Weak or Absent	Down	Up	Flat	0.63%
Jul 17	D	Strong	Down	Up	Up	-2.36%
Jul 16	D	Strong	Down	Up	Up	-1.49%
Jul 15	D	Strong	Down	Up	Up	-0.83%
Jul 12	D	Strong	Down	Up	Up	-2.79%
Jul 11	D	Weak or Absent	Down	Up	Up	-1.05%
Jul 10	D	Weak or Absent	Down	Up	Up	1.44%
Jul 9	D	Strong	Down	Down	Up	3.45%
Jul 8	D	Strong	Down	Down	Up	4.80%
Jul 5	D	Strong	Down	Down	Up	5.05%