Trend Table for TIMB - TIM S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 27	F	Weak or Absent	Down	Down	Down	40.34%
Jan 26	F	Weak or Absent	Down	Down	Up	37.87%
Jan 25	F	Weak or Absent	Down	Down	Flat	39.59%
Jan 24	F	Weak or Absent	Down	Down	Down	41.23%
Jan 23	F	Weak or Absent	Down	Down	Down	40.22%
Jan 20	F	Weak or Absent	Down	Down	Down	41.35%
Jan 19	F	Weak or Absent	Down	Down	Down	40.09%
Jan 18	F	Weak or Absent	Down	Down	Flat	39.47%
Jan 17	F	Weak or Absent	Down	Down	Up	35.84%
Jan 13	F	Weak or Absent	Down	Down	Flat	38.73%