Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 12	A	Weak or Absent	Up	Up	Up	15.52%
Jan 11	A	Weak or Absent	Up	Up	Up	17.36%
Jan 10	A	Weak or Absent	Up	Up	Up	17.53%
Jan 9	B	Weak or Absent	Up	Up	Down	19.86%
Jan 6	C	Weak or Absent	Up	Flat	Down	22.43%
Jan 5	B	Weak or Absent	Up	Down	Down	23.33%
Jan 4	B	Weak or Absent	Up	Down	Down	26.52%
Jan 3	A	Weak or Absent	Up	Up	Down	20.86%
Dec 30	A	Weak or Absent	Up	Up	Up	15.29%
Dec 29	A	Weak or Absent	Up	Up	Up	14.84%