Trend Table for OR - Osisko Gold Royalties Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 27	B	Strong	Up	Up	Up	40.01%
Dec 22	B	Weak or Absent	Up	Up	Up	39.87%
Dec 21	B	Weak or Absent	Up	Up	Up	40.08%
Dec 20	C	Weak or Absent	Flat	Up	Up	41.61%
Dec 19	B	Weak or Absent	Up	Up	Up	37.89%
Dec 18	B	Weak or Absent	Flat	Up	Up	41.10%
Dec 15	C	Weak or Absent	Down	Up	Up	42.05%
Dec 14	B	Weak or Absent	Flat	Up	Up	41.32%
Dec 13	C	Weak or Absent	Down	Up	Down	45.54%
Dec 12	C	Weak or Absent	Down	Up	Down	50.93%