Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 26	C	Weak or Absent	Up	Down	Up	-5.90%
Apr 25	C	Weak or Absent	Flat	Down	Up	-4.81%
Apr 24	D	Weak or Absent	Flat	Down	Up	-3.98%
Apr 23	D	Strong	Flat	Down	Up	-4.12%
Apr 22	D	Strong	Flat	Down	Up	-4.26%
Apr 19	D	Strong	Flat	Down	Up	-3.84%
Apr 18	D	Strong	Down	Down	Up	-2.56%
Apr 17	F	Strong	Down	Down	Down	-0.04%
Apr 16	F	Strong	Down	Down	Down	1.03%
Apr 15	F	Strong	Down	Down	Down	-1.09%