Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 18	F	Weak or Absent	Down	Flat	Up	18.65%
Jul 17	F	Weak or Absent	Down	Down	Up	19.81%
Jul 16	F	Weak or Absent	Down	Down	Up	19.54%
Jul 15	F	Strong	Down	Down	Up	20.03%
Jul 12	F	Strong	Down	Down	Up	21.65%
Jul 11	D	Strong	Down	Down	Up	21.69%
Jul 10	D	Strong	Down	Down	Up	22.59%
Jul 9	F	Strong	Down	Down	Flat	24.64%
Jul 8	F	Strong	Down	Down	Flat	23.99%
Jul 5	D	Strong	Down	Down	Up	22.79%