Trend Table for ELVA - Electrovaya Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 15	F	Weak or Absent	Down	Down	Down	-32.69%
May 14	F	Weak or Absent	Down	Down	Down	-34.18%
May 13	C	Strong	Up	Up	Up	-41.24%
May 10	F	Strong	Down	Down	Flat	-35.00%
May 9	F	Strong	Down	Down	Down	-33.97%
May 8	F	Strong	Down	Down	Up	-36.21%
May 7	F	Strong	Down	Down	Flat	-34.75%
May 6	F	Strong	Down	Down	Up	-35.60%
May 3	F	Strong	Down	Down	Up	-34.80%
May 2	D	Strong	Down	Down	Up	-35.40%