Trend Table for AZUL - Azul S.A.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	F	Weak or Absent	Down	Down	Down	-0.75%
May 17	F	Weak or Absent	Down	Down	Down	0.76%
May 16	F	Weak or Absent	Down	Down	Down	0.93%
May 15	F	Weak or Absent	Down	Down	Down	-5.18%
May 14	F	Weak or Absent	Down	Down	Up	-6.81%
May 13	F	Weak or Absent	Down	Down	Up	-7.96%
May 10	F	Weak or Absent	Down	Down	Up	-5.92%
May 9	F	Weak or Absent	Down	Down	Up	-7.10%
May 8	F	Weak or Absent	Down	Down	Up	-7.53%
May 7	F	Strong	Down	Down	Up	-7.24%