Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 21	A	Weak or Absent	Up	Up	Up	-3.42%
Dec 20	A	Weak or Absent	Up	Up	Up	-0.14%
Dec 19	A	Weak or Absent	Up	Up	Up	1.58%
Dec 16	A	Weak or Absent	Up	Up	Flat	2.47%
Dec 15	A	Weak or Absent	Up	Up	Up	1.39%
Dec 14	A	Weak or Absent	Up	Up	Up	0.84%
Dec 13	A	Weak or Absent	Up	Up	Up	-0.29%
Dec 12	B	Weak or Absent	Up	Up	Down	3.26%
Dec 9	A	Weak or Absent	Up	Up	Down	6.47%
Dec 8	A	Weak or Absent	Up	Up	Down	2.57%