Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 20	A	Weak or Absent	Up	Up	Down	3.13%
Oct 19	A	Weak or Absent	Up	Up	Up	2.10%
Oct 18	A	Weak or Absent	Up	Up	Up	0.90%
Oct 17	A	Weak or Absent	Up	Up	Up	0.18%
Oct 16	A	Weak or Absent	Up	Up	Up	1.27%
Oct 13	A	Weak or Absent	Up	Up	Up	1.45%
Oct 12	A	Weak or Absent	Up	Up	Up	3.70%
Oct 11	A	Weak or Absent	Up	Up	Up	2.44%
Oct 10	A	Weak or Absent	Up	Up	Up	3.38%
Oct 9	A	Weak or Absent	Up	Flat	Up	3.96%