Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 6	C	Weak or Absent	Up	Flat	Down	1.48%
Jan 5	B	Weak or Absent	Up	Down	Down	2.22%
Jan 4	B	Weak or Absent	Up	Down	Down	4.87%
Jan 3	A	Weak or Absent	Up	Up	Down	0.18%
Dec 30	A	Weak or Absent	Up	Up	Up	-4.43%
Dec 29	A	Weak or Absent	Up	Up	Up	-4.81%
Dec 28	A	Weak or Absent	Up	Up	Up	-3.47%
Dec 27	A	Weak or Absent	Up	Up	Up	-5.69%
Dec 23	A	Weak or Absent	Up	Up	Up	-5.35%
Dec 22	A	Weak or Absent	Up	Up	Up	-2.58%