Trend Table for PANL - Pangaea Logistics Solutions Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 19	B	Strong	Up	Up	Up	21.29%
Jan 18	B	Strong	Up	Up	Up	21.72%
Jan 17	B	Weak or Absent	Up	Up	Up	20.25%
Jan 13	B	Weak or Absent	Up	Up	Up	23.00%
Jan 12	B	Weak or Absent	Up	Up	Up	23.22%
Jan 11	B	Weak or Absent	Up	Up	Up	25.21%
Jan 10	A	Weak or Absent	Up	Up	Up	28.19%
Jan 9	A	Weak or Absent	Up	Up	Up	31.08%
Jan 6	A	Weak or Absent	Up	Up	Up	27.72%
Jan 5	A	Weak or Absent	Up	Up	Up	31.32%