Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 27	C	Weak or Absent	Up	Down	Down	19.16%
Feb 24	B	Weak or Absent	Up	Down	Down	20.54%
Feb 23	C	Weak or Absent	Up	Down	Down	18.98%
Feb 22	C	Weak or Absent	Up	Down	Down	22.43%
Feb 21	C	Weak or Absent	Up	Flat	Down	18.88%
Feb 17	C	Weak or Absent	Up	Up	Up	16.52%
Feb 16	C	Weak or Absent	Up	Up	Up	10.55%
Feb 15	C	Weak or Absent	Up	Up	Up	17.60%
Feb 14	C	Weak or Absent	Up	Up	Up	16.15%
Feb 13	C	Weak or Absent	Up	Flat	Up	18.60%