Trend Table for VLN - Velan Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 20	C	Strong	Up	Down	Flat	-23.54%
Jul 19	C	Strong	Up	Flat	Flat	-23.54%
Jul 18	C	Strong	Up	Flat	Flat	-23.60%
Jul 17	B	Strong	Up	Down	Flat	-23.42%
Jul 14	B	Weak or Absent	Up	Flat	Flat	-23.54%
Jul 12	B	Weak or Absent	Up	Flat	Flat	-23.54%
Jul 11	A	Weak or Absent	Up	Flat	Flat	-23.60%
Jul 10	A	Weak or Absent	Up	Down	Down	-23.42%
Jul 7	A	Weak or Absent	Up	Flat	Flat	-23.66%
Jul 6	A	Weak or Absent	Up	Flat	Flat	-23.72%