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
Mar 30	C	Strong	N/A	Down	Up	19.98%
Mar 29	C	Strong	N/A	Down	Up	22.28%
Mar 28	D	Strong	N/A	Down	Flat	25.08%
Mar 27	C	Strong	N/A	Down	Up	22.53%
Mar 24	C	Strong	N/A	Down	Up	23.08%
Mar 23	C	Strong	N/A	Down	Up	23.18%
Mar 22	C	Strong	N/A	Down	Up	22.53%
Mar 21	D	Strong	N/A	Down	Down	25.08%
Mar 20	F	Strong	N/A	Down	Down	32.83%
Mar 17	C	Strong	N/A	Down	Down	26.13%