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 5	C	Weak or Absent	N/A	Up	Up	23.44%
Jun 2	D	Weak or Absent	N/A	Down	Up	25.36%
Jun 1	D	Weak or Absent	N/A	Down	Up	25.31%
May 31	C	Weak or Absent	N/A	Flat	Up	24.94%
May 30	D	Strong	N/A	Down	Down	31.46%
May 26	C	Strong	N/A	Down	Flat	29.34%
May 25	C	Strong	N/A	Down	Flat	29.34%
May 24	C	Strong	N/A	Down	Up	28.12%
May 23	D	Strong	N/A	Down	Up	27.46%
May 22	D	Strong	N/A	Down	Up	25.23%