Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 24	D	Strong	Down	Down	Down	18.05%
Aug 23	C	Strong	Flat	Down	Down	14.46%
Aug 22	C	Strong	Up	Down	Down	12.74%
Aug 21	C	Strong	Up	Down	Down	14.46%
Aug 18	C	Strong	Up	Down	Down	13.31%
Aug 17	C	Strong	Up	Down	Down	9.81%
Aug 16	C	Strong	Up	Down	Down	12.37%
Aug 15	D	Weak or Absent	Flat	Down	Down	15.43%
Aug 14	C	Weak or Absent	Up	Down	Down	13.31%
Aug 11	C	Weak or Absent	Up	Down	Down	12.55%