Trend Table for LIPO - Lipella Pharmaceuticals Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 21	F	Weak or Absent	Down	Down	Down	0.00%
May 20	D	Weak or Absent	Down	Up	Up	-3.55%
May 17	D	Weak or Absent	Down	Up	Up	-3.04%
May 16	D	Weak or Absent	Down	Up	Up	-4.49%
May 15	D	Weak or Absent	Down	Up	Up	-4.59%
May 14	D	Weak or Absent	Down	Up	Up	-2.91%
May 13	F	Weak or Absent	Down	Flat	Down	-0.61%
May 10	F	Weak or Absent	Down	Down	Down	-0.52%
May 9	D	Weak or Absent	Down	Flat	Up	-2.91%
May 8	F	Weak or Absent	Down	Down	Up	-1.45%