Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 3	C	Weak or Absent	Up	Up	Down	-3.82%
Jan 2	C	Weak or Absent	Up	Up	Down	-3.54%
Dec 29	C	Weak or Absent	Up	Up	Down	-4.20%
Dec 28	C	Weak or Absent	Up	Up	Flat	-4.83%
Dec 27	B	Weak or Absent	Up	Up	Up	-6.52%
Dec 26	B	Weak or Absent	Up	Up	Up	-6.25%
Dec 22	B	Weak or Absent	Up	Up	Up	-5.53%
Dec 21	B	Weak or Absent	Up	Up	Up	-5.64%
Dec 20	B	Weak or Absent	Up	Up	Up	-3.68%
Dec 19	B	Weak or Absent	Up	Up	Up	-5.10%