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 8	D	Strong	Down	Down	Down	24.01%
Sep 7	D	Strong	Down	Down	Down	24.24%
Sep 6	D	Strong	Down	Down	Down	20.41%
Sep 5	D	Strong	Down	Down	Down	18.48%
Sep 1	D	Strong	Down	Down	Up	15.59%
Aug 31	D	Strong	Down	Down	Down	17.85%
Aug 30	F	Strong	Down	Down	Down	17.64%
Aug 29	F	Strong	Down	Down	Down	17.85%
Aug 28	D	Strong	Down	Down	Down	19.94%
Aug 25	D	Strong	Down	Down	Down	20.69%