Trend Table for MBINM - Merchants Bancorp - Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred Stock

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 12	C	Weak or Absent	N/A	Up	Up	24.82%
Jun 9	C	Weak or Absent	N/A	Up	Up	25.08%
Jun 8	D	Weak or Absent	N/A	Flat	Up	25.93%
Jun 7	C	Weak or Absent	N/A	Flat	Up	25.08%
Jun 6	C	Weak or Absent	N/A	Flat	Up	25.34%
Jun 5	C	Weak or Absent	N/A	Up	Up	24.56%
Jun 2	D	Weak or Absent	N/A	Down	Up	26.51%
Jun 1	D	Weak or Absent	N/A	Down	Up	26.45%
May 31	C	Weak or Absent	N/A	Flat	Up	26.08%
May 30	D	Strong	N/A	Down	Down	32.66%