Trend Table for HNNA - Hennessy Advisors, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 8	F	Strong	Down	Down	Down	63.89%
May 5	F	Weak or Absent	Down	Down	Flat	56.20%
May 4	F	Weak or Absent	Down	Down	Flat	56.05%
May 3	F	Weak or Absent	Down	Down	Down	57.89%
May 2	F	Weak or Absent	Down	Down	Up	53.12%
May 1	F	Weak or Absent	Down	Down	Up	53.93%
Apr 28	F	Strong	Down	Down	Flat	54.95%
Apr 27	F	Strong	Down	Down	Down	56.41%
Apr 26	F	Strong	Down	Down	Down	56.41%
Apr 25	F	Strong	Down	Down	Down	58.33%