Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 22	D	Weak or Absent	Down	Down	Up	50.30%
May 19	F	Weak or Absent	Down	Down	Flat	51.33%
May 18	F	Weak or Absent	Down	Down	Down	52.13%
May 17	F	Weak or Absent	Down	Down	Flat	51.16%
May 16	D	Weak or Absent	Down	Down	Down	55.27%
May 15	F	Weak or Absent	Down	Down	Down	52.53%
May 12	D	Weak or Absent	Down	Down	Down	52.64%
May 11	D	Weak or Absent	Down	Down	Down	52.93%
May 10	D	Weak or Absent	Down	Down	Down	50.94%
May 9	D	Weak or Absent	Down	Down	Down	47.86%