Trend Table for ELVA - Electrovaya Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 10	D	Very Strong	Down	Down	Up	13.93%
Sep 9	F	Very Strong	Down	Down	Flat	14.50%
Sep 6	F	Very Strong	Down	Down	Down	18.65%
Sep 5	F	Very Strong	Down	Down	Down	15.66%
Sep 4	F	Very Strong	Down	Down	Down	13.37%
Sep 3	F	Very Strong	Down	Down	Down	14.50%
Aug 30	F	Very Strong	Down	Down	Down	13.93%
Aug 29	F	Very Strong	Down	Down	Down	15.08%
Aug 28	F	Very Strong	Down	Down	Down	14.79%
Aug 27	F	Very Strong	Down	Down	Down	12.25%