Trend Table for TIMB - TIM S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	D	Weak or Absent	Up	Down	Down	-14.14%
May 17	D	Weak or Absent	Up	Down	Up	-16.43%
May 16	D	Weak or Absent	Up	Down	Flat	-16.47%
May 15	D	Weak or Absent	Up	Down	Down	-14.92%
May 14	D	Weak or Absent	Up	Down	Down	-13.62%
May 13	D	Weak or Absent	Flat	Down	Down	-13.19%
May 10	D	Weak or Absent	Flat	Down	Down	-12.82%
May 9	D	Weak or Absent	Up	Down	Down	-13.67%
May 8	D	Weak or Absent	Up	Down	Down	-16.23%
May 7	D	Weak or Absent	Up	Down	Down	-17.45%