Trend Table for TIMB - TIM S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 23	D	Weak or Absent	Down	Down	Down	11.85%
Jul 22	D	Weak or Absent	Down	Flat	Flat	9.35%
Jul 19	F	Weak or Absent	Down	Down	Down	11.48%
Jul 18	F	Weak or Absent	Down	Down	Flat	10.89%
Jul 17	D	Strong	Down	Up	Up	7.17%
Jul 16	F	Strong	Down	Flat	Up	8.15%
Jul 15	F	Strong	Down	Down	Up	8.93%
Jul 12	D	Strong	Down	Up	Up	6.83%
Jul 11	D	Strong	Down	Flat	Up	7.80%
Jul 10	D	Strong	Down	Down	Up	11.70%