Trend Table for HCXY - Hercules Capital, Inc. 6.25% Notes due 2033

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 15	C	Weak or Absent	Flat	Up	Up	16.26%
May 12	B	Weak or Absent	Flat	Flat	Flat	16.46%
May 11	A	Weak or Absent	Up	Up	Up	14.63%
May 10	A	Weak or Absent	Up	Up	Up	15.06%
May 9	A	Weak or Absent	Flat	Up	Up	15.35%
May 8	C	Weak or Absent	Flat	Flat	Flat	16.46%
May 5	C	Weak or Absent	Down	Down	Down	19.77%
May 4	C	Weak or Absent	Down	Down	Down	21.76%
May 3	C	Weak or Absent	Down	Down	Down	18.39%
May 2	C	Weak or Absent	Down	Down	Down	17.24%