Trend Table for ARF - Arena REIT No 1

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 23	A	Strong	Up	Up	Up	14.24%
Apr 22	A	Strong	Up	Up	Flat	14.24%
Apr 19	B	Strong	Up	Down	Down	18.12%
Apr 18	B	Strong	Up	Up	Down	15.51%
Apr 17	B	Strong	Up	Up	Down	15.51%
Apr 16	B	Strong	Up	Up	Down	16.15%
Apr 15	B	Strong	Up	Up	Down	16.15%
Apr 12	B	Strong	Up	Up	Down	14.56%
Apr 11	B	Strong	Up	Up	Down	13.62%
Apr 10	B	Strong	Up	Up	Down	10.61%