Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 20	C	Weak or Absent	Up	Up	Down	-13.22%
Jun 18	C	Strong	Up	Up	Down	-11.72%
Jun 17	C	Strong	Up	Up	Down	-12.19%
Jun 14	C	Strong	Up	Up	Down	-10.77%
Jun 13	C	Strong	Up	Up	Down	-14.23%
Jun 12	C	Strong	Up	Up	Down	-15.86%
Jun 11	C	Strong	Up	Up	Down	-14.45%
Jun 10	C	Strong	Up	Up	Down	-16.08%
Jun 7	C	Strong	Up	Up	Down	-15.00%
Jun 6	C	Strong	Up	Up	Down	-15.22%