Trend Table for MBINN - Merchants Bancorp - Depositary Shares 6.00% Fixed Rate Series C Non-Cumulative Perpetual Preferred Stock

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 1	C	Strong	Up	Flat	Down	0.00%
Oct 31	B	Strong	Up	Up	Down	-1.52%
Oct 30	C	Strong	Up	Flat	Down	0.25%
Oct 29	B	Strong	Up	Up	Down	-1.31%
Oct 28	B	Strong	Up	Up	Flat	-3.16%
Oct 25	B	Strong	Up	Up	Down	-2.75%
Oct 24	B	Strong	Up	Up	Flat	-3.41%
Oct 23	B	Strong	Up	Up	Down	-2.45%
Oct 22	C	Strong	Up	Up	Down	-2.79%
Oct 21	C	Strong	Up	Up	Down	-2.16%