Trend Table for VLN - Velan Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 1	F	Strong	Down	Down	Down	81.50%
Nov 30	F	Strong	Down	Down	Down	80.15%
Nov 29	F	Strong	Down	Down	Down	81.84%
Nov 28	F	Strong	Down	Down	Down	81.50%
Nov 27	F	Strong	Down	Down	Down	75.91%
Nov 24	D	Strong	Down	Down	Flat	70.35%
Nov 23	D	Strong	Down	Down	Flat	70.35%
Nov 22	F	Strong	Down	Down	Down	71.55%
Nov 20	D	Strong	Down	Down	Flat	69.76%
Nov 17	F	Strong	Down	Down	Down	75.27%