Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 7	A	Weak or Absent	Up	Up	Down	4.22%
Dec 6	A	Weak or Absent	Up	Up	Down	3.07%
Dec 5	B	Weak or Absent	Up	Up	Down	3.32%
Dec 2	A	Weak or Absent	Up	Up	Flat	-0.97%
Dec 1	A	Weak or Absent	Up	Up	Flat	-0.94%
Nov 30	A	Weak or Absent	Up	Up	Up	-2.52%
Nov 29	A	Weak or Absent	Up	Up	Down	-0.44%
Nov 28	A	Weak or Absent	Up	Up	Down	2.44%
Nov 25	B	Strong	Up	Up	Flat	-0.68%
Nov 23	A	Strong	Up	Up	Up	-1.23%