Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 18	B	Strong	Up	Up	Up	-16.10%
Dec 15	A	Strong	Up	Up	Up	-16.84%
Dec 14	B	Strong	Up	Up	Up	-14.90%
Dec 13	B	Strong	Up	Up	Up	-14.45%
Dec 12	A	Strong	Up	Up	Up	-15.34%
Dec 11	C	Strong	Up	Up	Down	-6.25%
Dec 8	C	Strong	Up	Up	Down	-6.25%
Dec 7	C	Strong	Up	Up	Down	-6.25%
Dec 6	C	Strong	Up	Up	Down	-6.79%
Dec 5	C	Strong	Up	Up	Down	-6.39%