Trend Table for FRU - Freehold Royalties Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	B	Weak or Absent	Down	Up	Up	3.21%
May 23	C	Weak or Absent	Down	Up	Up	2.59%
May 19	C	Weak or Absent	Down	Up	Up	3.92%
May 18	C	Weak or Absent	Down	Down	Up	5.57%
May 17	D	Weak or Absent	Down	Down	Up	5.79%
May 16	C	Weak or Absent	Down	Down	Flat	7.05%
May 15	D	Weak or Absent	Down	Down	Up	5.79%
May 12	D	Weak or Absent	Down	Down	Flat	7.51%
May 11	D	Weak or Absent	Down	Down	Down	8.12%
May 10	D	Weak or Absent	Down	Down	Flat	7.05%