Trend Table for HNNA - Hennessy Advisors, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 26	D	Weak or Absent	Down	Up	Up	65.53%
Dec 22	D	Weak or Absent	Down	Up	Up	66.79%
Dec 21	F	Weak or Absent	Down	Up	Flat	67.55%
Dec 20	D	Weak or Absent	Down	Up	Up	66.53%
Dec 19	D	Weak or Absent	Down	Up	Up	65.65%
Dec 18	D	Strong	Down	Up	Flat	68.32%
Dec 15	F	Strong	Down	Flat	Flat	68.84%
Dec 14	D	Strong	Down	Up	Up	66.78%
Dec 13	D	Strong	Down	Up	Flat	68.58%
Dec 12	D	Weak or Absent	Down	Flat	Flat	68.84%