Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 25	A	Weak or Absent	Up	Up	Up	12.34%
Oct 24	A	Weak or Absent	Up	Up	Up	11.63%
Oct 21	A	Weak or Absent	Up	Up	Up	12.98%
Oct 20	A	Weak or Absent	Up	Up	Up	14.95%
Oct 19	A	Weak or Absent	Up	Up	Up	15.35%
Oct 18	A	Weak or Absent	Up	Up	Up	17.53%
Oct 17	A	Weak or Absent	Up	Up	Flat	18.23%
Oct 14	B	Weak or Absent	Down	Down	Down	24.63%
Oct 13	A	Weak or Absent	Up	Up	Up	17.36%
Oct 12	B	Weak or Absent	Down	Down	Down	24.87%