Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 8	D	Weak or Absent	Down	Down	Down	46.84%
May 5	D	Weak or Absent	Down	Down	Down	48.67%
May 4	D	Weak or Absent	Down	Down	Down	51.16%
May 3	D	Weak or Absent	Down	Down	Down	50.94%
May 2	D	Weak or Absent	Down	Down	Down	48.73%
May 1	D	Weak or Absent	Down	Down	Flat	40.83%
Apr 28	D	Weak or Absent	Down	Down	Flat	41.42%
Apr 27	D	Weak or Absent	Down	Down	Down	45.89%
Apr 26	D	Weak or Absent	Down	Down	Down	42.51%
Apr 25	D	Weak or Absent	Down	Down	Down	42.26%