Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 24	D	Weak or Absent	Down	Down	Up	35.24%
Apr 21	D	Weak or Absent	Down	Down	Down	41.24%
Apr 20	D	Weak or Absent	Down	Down	Down	40.16%
Apr 19	D	Weak or Absent	Down	Down	Flat	39.05%
Apr 18	D	Weak or Absent	Down	Down	Up	38.48%
Apr 17	D	Weak or Absent	Down	Down	Up	37.87%
Apr 14	D	Weak or Absent	Down	Down	Up	36.93%
Apr 13	D	Weak or Absent	Down	Down	Up	35.10%
Apr 12	D	Weak or Absent	Down	Down	Up	38.48%
Apr 11	D	Weak or Absent	Down	Down	Up	39.15%