Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 22	C	Strong	Down	Down	Up	17.64%
Sep 21	C	Strong	Down	Down	Up	18.69%
Sep 20	C	Strong	Down	Down	Up	19.33%
Sep 19	C	Strong	Down	Down	Up	19.55%
Sep 18	C	Strong	Down	Down	Flat	20.41%
Sep 15	D	Strong	Down	Down	Up	19.33%
Sep 14	D	Strong	Down	Down	Up	18.27%
Sep 13	D	Strong	Down	Down	Down	21.07%
Sep 12	D	Strong	Down	Down	Down	20.63%
Sep 11	D	Strong	Down	Down	Down	20.85%