Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 8	B	Weak or Absent	Up	Down	Down	5.72%
Sep 7	B	Weak or Absent	Up	Down	Down	7.16%
Sep 6	B	Weak or Absent	Up	Flat	Down	5.06%
Sep 5	B	Weak or Absent	Up	Flat	Down	5.06%
Sep 1	B	Weak or Absent	Up	Up	Down	4.31%
Aug 31	C	Weak or Absent	Up	Flat	Down	5.52%
Aug 30	A	Weak or Absent	Up	Up	Up	1.45%
Aug 29	A	Weak or Absent	Up	Up	Up	0.90%
Aug 28	A	Weak or Absent	Up	Up	Flat	2.75%
Aug 25	A	Weak or Absent	Up	Up	Down	4.02%