Trend Table for HGBL - Heritage Global Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	F	Weak or Absent	Down	Down	Down	-26.68%
May 17	F	Weak or Absent	Down	Down	Down	-27.65%
May 16	F	Weak or Absent	Down	Down	Down	-27.81%
May 15	F	Weak or Absent	Down	Down	Down	-30.72%
May 14	F	Weak or Absent	Down	Down	Down	-27.01%
May 13	F	Weak or Absent	Down	Down	Down	-26.35%
May 10	F	Weak or Absent	Down	Down	Down	-28.60%
May 9	F	Weak or Absent	Down	Down	Up	-34.07%
May 8	F	Weak or Absent	Down	Down	Up	-34.07%
May 7	F	Weak or Absent	Down	Down	Down	-32.72%