Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 16	D	Weak or Absent	Down	Down	Down	31.62%
May 15	F	Weak or Absent	Down	Down	Down	29.30%
May 12	D	Weak or Absent	Down	Down	Down	29.40%
May 11	D	Weak or Absent	Down	Down	Down	29.64%
May 10	D	Weak or Absent	Down	Down	Down	27.95%
May 9	D	Weak or Absent	Down	Down	Down	25.34%
May 8	D	Weak or Absent	Down	Down	Down	24.48%
May 5	D	Weak or Absent	Down	Down	Down	26.03%
May 4	D	Weak or Absent	Down	Down	Down	28.14%
May 3	D	Weak or Absent	Down	Down	Down	27.95%