Trend Table for ARF - Arena REIT No 1

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 2	A	Strong	Up	Up	Up	5.96%
May 1	A	Strong	Up	Up	Up	6.54%
Apr 30	A	Strong	Up	Up	Up	5.68%
Apr 29	A	Strong	Up	Up	Up	7.12%
Apr 26	B	Strong	Up	Down	Down	10.76%
Apr 24	B	Strong	Up	Up	Flat	8.31%
Apr 23	A	Strong	Up	Up	Up	7.12%
Apr 22	A	Strong	Up	Up	Flat	7.12%
Apr 19	B	Strong	Up	Down	Down	10.76%
Apr 18	B	Strong	Up	Up	Down	8.31%