Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 26	D	Weak or Absent	Down	Up	Up	22.01%
Sep 25	D	Weak or Absent	Down	Up	Up	22.40%
Sep 24	D	Weak or Absent	Down	Up	Up	22.76%
Sep 23	D	Weak or Absent	Down	Flat	Up	27.98%
Sep 20	D	Weak or Absent	Down	Up	Up	27.51%
Sep 19	D	Weak or Absent	Down	Up	Up	26.60%
Sep 18	D	Weak or Absent	Down	Down	Up	28.77%
Sep 17	D	Weak or Absent	Down	Flat	Up	28.42%
Sep 16	D	Weak or Absent	Down	Down	Flat	31.01%
Sep 13	F	Weak or Absent	Down	Down	Down	32.91%