Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 30	A	Weak or Absent	Up	Up	Up	19.32%
Aug 29	A	Weak or Absent	Up	Up	Up	18.68%
Aug 28	A	Weak or Absent	Up	Up	Flat	20.85%
Aug 25	A	Weak or Absent	Up	Up	Down	22.34%
Aug 24	A	Weak or Absent	Up	Up	Down	22.08%
Aug 23	A	Weak or Absent	Up	Up	Down	20.59%
Aug 22	A	Weak or Absent	Up	Up	Down	20.37%
Aug 21	A	Weak or Absent	Up	Up	Flat	18.53%
Aug 18	A	Strong	Up	Up	Flat	18.82%
Aug 17	A	Strong	Up	Up	Down	20.04%