Trend Table for ELVA - Electrovaya Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 19	D	Weak or Absent	Down	Down	Up	-40.53%
May 18	D	Weak or Absent	Down	Down	Up	-39.73%
May 17	D	Weak or Absent	Down	Down	Up	-39.73%
May 16	D	Weak or Absent	Down	Down	Flat	-38.06%
May 15	F	Weak or Absent	Down	Down	Down	-38.06%
May 12	D	Weak or Absent	Down	Down	Down	-38.06%
May 11	D	Weak or Absent	Down	Down	Down	-36.29%
May 10	D	Weak or Absent	Down	Down	Down	-38.06%
May 9	D	Weak or Absent	Down	Down	Down	-38.90%
May 8	D	Weak or Absent	Down	Down	Down	-38.90%