Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 11	C	Weak or Absent	Up	Up	Down	16.08%
Dec 8	C	Weak or Absent	Up	Up	Flat	14.41%
Dec 7	C	Weak or Absent	Up	Up	Down	15.77%
Dec 6	C	Weak or Absent	Up	Up	Down	16.39%
Dec 5	B	Weak or Absent	Up	Up	Flat	13.57%
Dec 4	B	Weak or Absent	Up	Up	Up	12.06%
Nov 30	B	Weak or Absent	Up	Up	Up	12.06%
Nov 29	C	Weak or Absent	Up	Up	Flat	15.22%
Nov 28	C	Weak or Absent	Up	Up	Down	15.49%
Nov 27	C	Weak or Absent	Up	Up	Down	15.19%