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 10	B	Weak or Absent	Up	Up	Up	-12.75%
May 9	B	Weak or Absent	Up	Up	Up	-15.11%
May 8	B	Weak or Absent	Up	Up	Up	-14.12%
May 7	C	Weak or Absent	Up	Up	Up	-11.70%
May 6	C	Weak or Absent	Up	Up	Up	-10.38%
May 3	C	Weak or Absent	Up	Up	Up	-10.98%
May 2	B	Weak or Absent	Up	Up	Up	-10.50%
May 1	C	Weak or Absent	Up	Down	Up	-8.26%
Apr 30	C	Weak or Absent	Up	Down	Up	-8.51%
Apr 29	D	Weak or Absent	Up	Down	Up	-8.64%