Trend Table for ELVA - Electrovaya Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 5	D	Weak or Absent	Down	Down	Down	-40.55%
May 4	D	Weak or Absent	Down	Down	Down	-39.72%
May 3	D	Weak or Absent	Down	Down	Flat	-41.35%
May 2	D	Weak or Absent	Down	Down	Down	-41.35%
May 1	D	Weak or Absent	Down	Down	Flat	-42.13%
Apr 28	D	Weak or Absent	Down	Down	Down	-41.35%
Apr 27	D	Weak or Absent	Down	Down	Down	-41.35%
Apr 26	D	Weak or Absent	Down	Down	Down	-41.35%
Apr 25	D	Weak or Absent	Down	Down	Down	-41.35%
Apr 24	D	Weak or Absent	N/A	Down	Down	-42.13%