Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 9	A	Weak or Absent	Up	Up	Up	16.24%
Nov 8	A	Weak or Absent	Up	Up	Up	17.14%
Nov 7	A	Weak or Absent	Up	Up	Up	14.34%
Nov 6	A	Weak or Absent	Up	Up	Up	11.08%
Nov 3	A	Weak or Absent	Up	Up	Up	12.90%
Nov 2	A	Weak or Absent	Up	Up	Up	13.61%
Nov 1	A	Weak or Absent	Up	Down	Down	23.50%
Oct 31	A	Weak or Absent	Up	Down	Down	25.51%
Oct 30	A	Weak or Absent	Up	Down	Down	24.20%
Oct 27	A	Weak or Absent	Up	Down	Down	25.11%