Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 20	B	Strong	Up	Up	Up	19.77%
Jul 19	C	Strong	Up	Up	Up	22.63%
Jul 18	C	Strong	Up	Up	Up	22.10%
Jul 17	C	Strong	Up	Up	Up	24.17%
Jul 14	B	Strong	Up	Up	Up	24.33%
Jul 13	C	Strong	Up	Up	Up	23.63%
Jul 12	B	Strong	Up	Up	Up	24.37%
Jul 11	B	Weak or Absent	Up	Up	Up	27.53%
Jul 10	B	Weak or Absent	Up	Up	Up	30.95%
Jul 7	B	Weak or Absent	Up	Up	Up	31.17%