Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 10	D	Weak or Absent	Down	Flat	Down	-9.95%
Oct 9	D	Weak or Absent	Down	Up	Down	-10.90%
Oct 8	D	Weak or Absent	Down	Up	Down	-12.97%
Oct 7	D	Weak or Absent	Down	Up	Down	-13.10%
Oct 4	D	Weak or Absent	Down	Up	Down	-14.96%
Oct 3	D	Strong	Down	Up	Down	-13.10%
Oct 2	D	Strong	Down	Up	Up	-17.08%
Oct 1	D	Strong	Down	Up	Up	-16.62%
Sep 30	D	Strong	Down	Up	Up	-17.43%
Sep 27	D	Strong	Down	Up	Up	-16.39%