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
Jul 5	B	Weak or Absent	N/A	Up	Up	19.71%
Jul 3	B	Weak or Absent	N/A	Up	Up	19.17%
Jun 30	B	Weak or Absent	N/A	Up	Up	19.07%
Jun 29	C	Weak or Absent	N/A	Up	Flat	23.99%
Jun 28	B	Weak or Absent	N/A	Up	Flat	23.52%
Jun 27	B	Weak or Absent	N/A	Up	Flat	23.78%
Jun 26	B	Weak or Absent	N/A	Up	Flat	24.20%
Jun 23	B	Weak or Absent	N/A	Up	Down	24.41%
Jun 22	B	Weak or Absent	N/A	Up	Down	24.68%
Jun 21	B	Weak or Absent	N/A	Up	Up	22.57%