Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 31	D	Weak or Absent	Down	Down	Down	35.49%
May 30	D	Weak or Absent	Down	Down	Down	31.04%
May 26	D	Weak or Absent	Down	Down	Down	30.33%
May 25	D	Weak or Absent	Down	Down	Down	30.43%
May 24	D	Weak or Absent	Down	Down	Up	27.26%
May 23	D	Weak or Absent	Down	Down	Up	26.59%
May 22	D	Weak or Absent	Down	Down	Up	27.41%
May 19	F	Weak or Absent	Down	Down	Flat	28.29%
May 18	F	Weak or Absent	Down	Down	Down	28.96%
May 17	F	Weak or Absent	Down	Down	Flat	28.14%