Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 14	B	Weak or Absent	Up	Up	Up	19.94%
Sep 13	B	Weak or Absent	Up	Down	Flat	22.35%
Sep 12	B	Weak or Absent	Up	Flat	Up	21.26%
Sep 11	C	Weak or Absent	Up	Down	Down	22.74%
Sep 8	B	Weak or Absent	Up	Down	Down	23.78%
Sep 7	B	Weak or Absent	Up	Down	Down	25.47%
Sep 6	B	Weak or Absent	Up	Flat	Down	23.00%
Sep 5	B	Weak or Absent	Up	Flat	Down	23.00%
Sep 1	B	Weak or Absent	Up	Up	Down	22.13%
Aug 31	C	Weak or Absent	Up	Flat	Down	23.54%