Trend Table for TIMB - TIM S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	D	Weak or Absent	Up	Down	Down	-14.42%
May 17	D	Weak or Absent	Up	Down	Up	-16.70%
May 16	D	Weak or Absent	Up	Down	Flat	-16.74%
May 15	D	Weak or Absent	Up	Down	Down	-15.19%
May 14	D	Weak or Absent	Up	Down	Down	-13.90%
May 13	D	Weak or Absent	Flat	Down	Down	-13.47%
May 10	D	Weak or Absent	Flat	Down	Down	-13.10%
May 9	D	Weak or Absent	Up	Down	Down	-13.95%
May 8	D	Weak or Absent	Up	Down	Down	-16.50%
May 7	D	Weak or Absent	Up	Down	Down	-17.72%