Trend Table for ELVA - Electrovaya Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 30	F	Weak or Absent	Down	Down	Down	-27.02%
May 29	F	Weak or Absent	Down	Down	Down	-27.63%
May 28	F	Weak or Absent	Down	Down	Down	-26.24%
May 24	F	Weak or Absent	Down	Down	Down	-27.27%
May 23	F	Weak or Absent	Down	Down	Down	-27.78%
May 22	F	Weak or Absent	Down	Down	Down	-29.97%
May 21	F	Weak or Absent	Down	Down	Down	-30.67%
May 20	F	Weak or Absent	Down	Down	Down	-29.01%
May 17	F	Weak or Absent	Down	Down	Down	-30.43%
May 16	F	Weak or Absent	Down	Down	Down	-31.35%