Trend Table for VLN - Velan Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 15	F	Weak or Absent	Down	Down	Down	91.14%
Dec 14	F	Weak or Absent	Down	Down	Down	90.77%
Dec 13	F	Strong	Down	Down	Down	88.54%
Dec 12	F	Strong	Down	Down	Down	84.95%
Dec 11	F	Strong	Down	Down	Down	86.02%
Dec 8	F	Strong	Down	Down	Down	86.73%
Dec 7	F	Strong	Down	Down	Down	86.37%
Dec 6	F	Strong	Down	Down	Down	86.73%
Dec 5	F	Strong	Down	Down	Down	80.48%
Dec 4	F	Strong	Down	Down	Down	83.21%