Trend Table for HNNA - Hennessy Advisors, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 20	D	Weak or Absent	Down	Up	Up	63.47%
Dec 19	D	Weak or Absent	Down	Up	Up	62.61%
Dec 18	D	Strong	Down	Up	Flat	65.23%
Dec 15	F	Strong	Down	Flat	Flat	65.73%
Dec 14	D	Strong	Down	Up	Up	63.72%
Dec 13	D	Strong	Down	Up	Flat	65.48%
Dec 12	D	Weak or Absent	Down	Flat	Flat	65.73%
Dec 11	F	Weak or Absent	Down	Flat	Down	67.02%
Dec 8	D	Weak or Absent	Down	Up	Up	63.97%
Dec 7	D	Weak or Absent	Down	Flat	Flat	65.99%