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 1	F	Weak or Absent	Down	Down	Down	-3.72%
Jul 31	F	Weak or Absent	Down	Down	Flat	-7.03%
Jul 30	F	Weak or Absent	Down	Down	Down	-3.58%
Jul 29	F	Weak or Absent	Down	Down	Down	-4.40%
Jul 26	F	Weak or Absent	Down	Down	Down	-7.54%
Jul 25	F	Weak or Absent	Down	Down	Down	-7.29%
Jul 24	F	Weak or Absent	Down	Down	Down	-7.16%
Jul 23	D	Weak or Absent	Up	Down	Down	-8.79%
Jul 22	D	Weak or Absent	Up	Down	Flat	-9.53%
Jul 19	F	Weak or Absent	Down	Down	Down	-5.87%