Trend Table for HNNA - Hennessy Advisors, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 13	F	Weak or Absent	Down	Down	Down	41.73%
Dec 12	D	Weak or Absent	Down	Down	Down	39.92%
Dec 9	F	Weak or Absent	Down	Down	Down	41.73%
Dec 8	F	Weak or Absent	Down	Down	Down	40.73%
Dec 7	D	Weak or Absent	Down	Up	Up	33.41%
Dec 6	F	Weak or Absent	Down	Down	Down	40.41%
Dec 5	D	Weak or Absent	Down	Flat	Up	36.28%
Dec 2	D	Weak or Absent	Down	Up	Up	35.20%
Dec 1	D	Weak or Absent	Down	Up	Up	33.85%
Nov 30	D	Weak or Absent	Down	Up	Up	35.66%