Trend Table for HNNA - Hennessy Advisors, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 1	A	Strong	Up	Up	Up	27.20%
Jul 31	B	Strong	Up	Up	Up	27.31%
Jul 30	B	Strong	Up	Up	Up	28.76%
Jul 29	B	Strong	Up	Up	Flat	31.06%
Jul 26	B	Strong	Up	Up	Up	29.38%
Jul 25	A	Strong	Up	Up	Up	27.05%
Jul 24	A	Strong	Up	Up	Up	28.97%
Jul 23	B	Strong	Up	Up	Up	29.70%
Jul 22	B	Strong	Up	Up	Up	30.50%
Jul 19	B	Strong	Up	Up	Up	34.33%