Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 22	C	Weak or Absent	Up	Down	Down	8.72%
Sep 21	C	Weak or Absent	Up	Down	Down	8.26%
Sep 20	C	Weak or Absent	Up	Down	Down	5.75%
Sep 19	C	Weak or Absent	Up	Down	Flat	4.76%
Sep 18	B	Weak or Absent	Up	Flat	Up	3.13%
Sep 15	B	Weak or Absent	Up	Flat	Up	3.25%
Sep 14	B	Weak or Absent	Up	Up	Up	2.44%
Sep 13	B	Weak or Absent	Up	Down	Flat	4.50%
Sep 12	B	Weak or Absent	Up	Flat	Up	3.57%
Sep 11	C	Weak or Absent	Up	Down	Down	4.83%