Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 23	C	Weak or Absent	Up	Up	Down	-3.64%
Jan 20	A	Weak or Absent	Up	Up	Up	-5.67%
Jan 19	A	Weak or Absent	Up	Up	Up	-5.43%
Jan 18	A	Weak or Absent	Up	Up	Up	-6.17%
Jan 17	A	Weak or Absent	Up	Up	Up	-6.56%
Jan 13	A	Weak or Absent	Up	Up	Up	-4.35%
Jan 12	A	Weak or Absent	Up	Up	Up	-4.24%
Jan 11	A	Weak or Absent	Up	Up	Up	-2.72%
Jan 10	A	Weak or Absent	Up	Up	Up	-2.58%
Jan 9	B	Weak or Absent	Up	Up	Down	-0.65%