Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 10	D	Weak or Absent	Up	Down	Down	20.47%
Jan 9	D	Weak or Absent	Up	Down	Down	19.07%
Jan 8	D	Weak or Absent	Up	Down	Down	15.94%
Jan 5	C	Weak or Absent	Up	Flat	Down	14.44%
Jan 4	D	Weak or Absent	Up	Flat	Down	15.05%
Jan 3	C	Weak or Absent	Up	Up	Down	12.23%
Jan 2	C	Weak or Absent	Up	Up	Down	12.55%
Dec 29	C	Weak or Absent	Up	Up	Down	11.77%
Dec 28	C	Weak or Absent	Up	Up	Flat	11.04%
Dec 27	B	Weak or Absent	Up	Up	Up	9.07%