Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 17	B	Strong	Up	Up	Up	6.70%
Apr 14	B	Strong	Up	Up	Up	11.18%
Apr 13	C	Strong	Up	Flat	Up	13.94%
Apr 12	C	Strong	Up	Flat	Up	14.32%
Apr 11	C	Strong	Up	Down	Up	18.25%
Apr 10	C	Strong	Up	Down	Up	19.48%
Apr 6	C	Strong	Up	Down	Down	24.90%
Apr 5	C	Strong	Up	Down	Down	24.45%
Apr 4	C	Strong	Up	Down	Down	26.04%
Apr 3	C	Strong	Up	Down	Flat	21.37%