Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 25	F	Weak or Absent	Down	Down	Flat	2.84%
Jul 24	F	Weak or Absent	Down	Down	Down	4.87%
Jul 23	F	Weak or Absent	Down	Down	Down	4.09%
Jul 22	F	Weak or Absent	Down	Down	Up	2.97%
Jul 19	F	Weak or Absent	Down	Down	Up	2.91%
Jul 18	F	Weak or Absent	Down	Flat	Up	1.69%
Jul 17	F	Weak or Absent	Down	Down	Up	2.68%
Jul 16	F	Weak or Absent	Down	Down	Up	2.46%
Jul 15	F	Strong	Down	Down	Up	2.88%
Jul 12	F	Strong	Down	Down	Up	4.26%