Trend Table for ELVA - Electrovaya Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 9	F	Very Strong	Down	Down	Flat	5.00%
Sep 6	F	Very Strong	Down	Down	Down	8.80%
Sep 5	F	Very Strong	Down	Down	Down	6.06%
Sep 4	F	Very Strong	Down	Down	Down	3.96%
Sep 3	F	Very Strong	Down	Down	Down	5.00%
Aug 30	F	Very Strong	Down	Down	Down	4.47%
Aug 29	F	Very Strong	Down	Down	Down	5.52%
Aug 28	F	Very Strong	Down	Down	Down	5.26%
Aug 27	F	Very Strong	Down	Down	Down	2.94%
Aug 26	F	Very Strong	Down	Down	Down	2.94%