Trend Table for HNNA - Hennessy Advisors, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 15	F	Weak or Absent	Down	Down	Down	40.27%
Dec 14	F	Weak or Absent	Down	Down	Down	41.11%
Dec 13	F	Weak or Absent	Down	Down	Down	39.28%
Dec 12	D	Weak or Absent	Down	Down	Down	37.50%
Dec 9	F	Weak or Absent	Down	Down	Down	39.28%
Dec 8	F	Weak or Absent	Down	Down	Down	38.30%
Dec 7	D	Weak or Absent	Down	Up	Up	31.10%
Dec 6	F	Weak or Absent	Down	Down	Down	37.98%
Dec 5	D	Weak or Absent	Down	Flat	Up	33.92%
Dec 2	D	Weak or Absent	Down	Up	Up	32.87%