Trend Table for FRU - Freehold Royalties Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 22	D	Weak or Absent	Up	Flat	Up	6.23%
Dec 21	C	Weak or Absent	Up	Flat	Up	6.08%
Dec 20	D	Weak or Absent	Down	Down	Up	7.83%
Dec 19	D	Strong	Flat	Down	Up	7.37%
Dec 18	D	Strong	Down	Down	Up	9.49%
Dec 15	D	Strong	Down	Down	Flat	12.27%
Dec 14	D	Strong	Down	Down	Up	11.36%
Dec 13	F	Strong	Down	Down	Down	13.55%
Dec 12	F	Strong	Down	Down	Down	17.18%
Dec 11	F	Weak or Absent	Down	Down	Down	13.72%