Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 18	C	Weak or Absent	Up	Up	Up	-3.37%
Dec 15	C	Weak or Absent	Up	Up	Up	-2.43%
Dec 14	C	Weak or Absent	Up	Up	Up	-3.37%
Dec 13	C	Weak or Absent	Up	Up	Down	-0.84%
Dec 12	D	Weak or Absent	Up	Flat	Down	1.15%
Dec 11	C	Weak or Absent	Up	Up	Down	-0.51%
Dec 8	C	Weak or Absent	Up	Up	Flat	-1.95%
Dec 7	C	Weak or Absent	Up	Up	Down	-0.78%
Dec 6	C	Weak or Absent	Up	Up	Down	-0.24%
Dec 5	B	Weak or Absent	Up	Up	Flat	-2.66%