Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 18	D	Weak or Absent	Down	Down	Up	17.96%
Apr 17	D	Weak or Absent	Down	Down	Up	17.43%
Apr 14	D	Weak or Absent	Down	Down	Up	16.64%
Apr 13	D	Weak or Absent	Down	Down	Up	15.08%
Apr 12	D	Weak or Absent	Down	Down	Up	17.96%
Apr 11	D	Weak or Absent	Down	Down	Up	18.52%
Apr 10	D	Weak or Absent	Down	Down	Flat	20.90%
Apr 6	D	Weak or Absent	Down	Down	Down	22.27%
Apr 5	D	Weak or Absent	Down	Down	Flat	21.11%
Apr 4	D	Weak or Absent	Down	Down	Flat	19.93%