Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 28	A	Weak or Absent	Up	Up	Up	16.45%
Dec 27	A	Weak or Absent	Up	Up	Up	13.77%
Dec 23	A	Weak or Absent	Up	Up	Up	14.19%
Dec 22	A	Weak or Absent	Up	Up	Up	17.53%
Dec 21	A	Weak or Absent	Up	Up	Up	16.52%
Dec 20	A	Weak or Absent	Up	Up	Up	20.47%
Dec 19	A	Weak or Absent	Up	Up	Up	22.54%
Dec 16	A	Weak or Absent	Up	Up	Flat	23.63%
Dec 15	A	Weak or Absent	Up	Up	Up	22.32%
Dec 14	A	Weak or Absent	Up	Up	Up	21.66%