Trend Table for TIMB - TIM S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	F	Weak or Absent	Down	Down	Down	5.09%
May 23	F	Weak or Absent	Down	Down	Down	5.02%
May 22	D	Weak or Absent	Flat	Down	Down	2.39%
May 21	F	Weak or Absent	Flat	Down	Down	3.34%
May 20	D	Weak or Absent	Up	Down	Down	1.83%
May 17	D	Weak or Absent	Up	Down	Up	-0.87%
May 16	D	Weak or Absent	Up	Down	Flat	-0.93%
May 15	D	Weak or Absent	Up	Down	Down	0.92%
May 14	D	Weak or Absent	Up	Down	Down	2.46%
May 13	D	Weak or Absent	Flat	Down	Down	2.96%