Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 27	A	Weak or Absent	Up	Up	Flat	14.51%
Jan 26	A	Weak or Absent	Up	Up	Up	14.09%
Jan 25	C	Weak or Absent	Up	Up	Flat	15.33%
Jan 24	C	Weak or Absent	Up	Up	Down	16.65%
Jan 23	C	Weak or Absent	Up	Up	Down	16.25%
Jan 20	A	Weak or Absent	Up	Up	Up	13.81%
Jan 19	A	Weak or Absent	Up	Up	Up	14.09%
Jan 18	A	Weak or Absent	Up	Up	Up	13.20%
Jan 17	A	Weak or Absent	Up	Up	Up	12.73%
Jan 13	A	Weak or Absent	Up	Up	Up	15.39%