Trend Table for INDB - Independent Bank Corp.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 1	F	Strong	Down	Down	Down	18.75%
Apr 28	F	Strong	Down	Down	Down	14.19%
Apr 27	F	Strong	Down	Down	Down	16.27%
Apr 26	F	Strong	Down	Down	Down	14.60%
Apr 25	F	Strong	Down	Down	Down	14.05%
Apr 24	D	Strong	Down	Down	Down	9.80%
Apr 21	D	Strong	Down	Down	Down	7.33%
Apr 20	F	Strong	Down	Down	Down	3.66%
Apr 19	F	Strong	Down	Down	Down	2.58%
Apr 18	F	Strong	Down	Down	Down	5.24%