Trend Table for HNNA - Hennessy Advisors, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 1	F	Weak or Absent	Down	Down	Down	61.15%
Jul 31	F	Weak or Absent	Down	Down	Down	61.17%
Jul 28	F	Weak or Absent	Down	Down	Down	63.04%
Jul 27	D	Weak or Absent	Down	Up	Flat	57.36%
Jul 26	D	Weak or Absent	Down	Up	Flat	57.62%
Jul 25	F	Weak or Absent	Down	Flat	Down	59.13%
Jul 24	D	Weak or Absent	Down	Flat	Down	58.79%
Jul 21	D	Weak or Absent	Down	Flat	Down	58.90%
Jul 20	D	Weak or Absent	Down	Up	Flat	58.00%
Jul 19	D	Weak or Absent	Down	Up	Up	56.27%