Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 3	A	Strong	Up	Up	Flat	-18.60%
Jan 2	C	Strong	Up	Up	Down	-17.37%
Dec 29	A	Strong	Up	Up	Up	-20.47%
Dec 28	B	Strong	Up	Up	Up	-20.18%
Dec 27	B	Strong	Up	Up	Up	-19.20%
Dec 26	B	Strong	Up	Up	Up	-19.00%
Dec 22	B	Strong	Up	Up	Up	-19.00%
Dec 21	B	Strong	Up	Up	Up	-16.63%
Dec 20	B	Strong	Up	Up	Up	-16.10%
Dec 19	B	Strong	Up	Up	Up	-16.20%