Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	C	Strong	Up	Up	Down	-15.98%
May 23	C	Strong	Up	Up	Down	-15.44%
May 22	B	Strong	Up	Up	Up	-17.45%
May 21	C	Strong	Up	Up	Up	-18.17%
May 20	C	Strong	Up	Up	Up	-17.25%
May 17	C	Strong	Up	Up	Up	-15.98%
May 16	C	Strong	Up	Up	Up	-16.09%
May 15	C	Strong	Up	Up	Up	-16.30%
May 14	C	Strong	Up	Up	Up	-16.62%
May 13	B	Strong	Up	Up	Up	-15.44%