Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 24	A	Weak or Absent	Up	Up	Down	3.35%
Aug 23	A	Weak or Absent	Up	Up	Down	2.09%
Aug 22	A	Weak or Absent	Up	Up	Down	1.90%
Aug 21	A	Weak or Absent	Up	Up	Flat	0.35%
Aug 18	A	Strong	Up	Up	Flat	0.59%
Aug 17	A	Strong	Up	Up	Down	1.63%
Aug 16	B	Strong	Up	Up	Flat	1.47%
Aug 15	A	Strong	Up	Up	Flat	0.92%
Aug 14	A	Strong	Up	Up	Up	-0.25%
Aug 11	A	Strong	Up	Up	Up	-0.54%