Trend Table for TS - Tenaris S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 13	F	Weak or Absent	Down	Down	Down	34.11%
Sep 12	F	Weak or Absent	Down	Down	Down	34.02%
Sep 11	F	Weak or Absent	Down	Down	Down	34.59%
Sep 10	F	Weak or Absent	Down	Down	Down	35.16%
Sep 9	F	Weak or Absent	Down	Down	Down	32.57%
Sep 6	F	Weak or Absent	Down	Down	Down	32.94%
Sep 5	D	Weak or Absent	Down	Down	Flat	32.01%
Sep 4	D	Strong	Down	Down	Up	30.92%
Sep 3	D	Strong	Down	Down	Up	29.91%
Aug 30	D	Strong	Down	Down	Up	27.88%