Trend Table for FRU - Freehold Royalties Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 9	D	Weak or Absent	Down	Down	Up	5.57%
May 8	D	Weak or Absent	Down	Down	Flat	6.08%
May 5	D	Weak or Absent	Down	Down	Down	7.13%
May 4	D	Weak or Absent	Down	Down	Down	10.07%
May 3	D	Weak or Absent	Down	Down	Down	9.51%
May 2	D	Weak or Absent	Down	Down	Down	9.05%
May 1	D	Weak or Absent	Down	Down	Down	3.92%
Apr 28	D	Weak or Absent	Down	Down	Down	3.35%
Apr 27	C	Weak or Absent	Down	Down	Down	4.13%
Apr 26	C	Weak or Absent	Down	Down	Down	4.56%