Trend Table for HNNA - Hennessy Advisors, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 28	D	Weak or Absent	Down	Down	Flat	42.98%
Dec 27	F	Weak or Absent	Down	Down	Down	45.15%
Dec 23	F	Weak or Absent	Down	Down	Down	43.93%
Dec 22	F	Weak or Absent	Down	Down	Down	44.11%
Dec 21	F	Weak or Absent	Down	Down	Down	43.93%
Dec 20	F	Weak or Absent	Down	Down	Down	42.40%
Dec 19	F	Weak or Absent	Down	Down	Down	44.28%
Dec 16	F	Weak or Absent	Down	Down	Down	42.40%
Dec 15	F	Weak or Absent	Down	Down	Down	42.74%
Dec 14	F	Weak or Absent	Down	Down	Down	43.59%