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
Apr 11	C	Weak or Absent	Up	Down	Down	24.02%
Apr 10	C	Weak or Absent	Up	Down	Down	21.73%
Apr 9	D	Weak or Absent	Up	Down	Down	20.73%
Apr 8	C	Weak or Absent	Up	Up	Flat	18.06%
Apr 5	B	Weak or Absent	Up	Up	Up	16.69%
Apr 4	A	Weak or Absent	Up	Up	Flat	17.78%
Apr 3	B	Weak or Absent	Up	Up	Flat	17.84%
Apr 2	B	Weak or Absent	Up	Up	Up	17.78%
Apr 1	B	Weak or Absent	Up	Up	Up	17.78%
Mar 28	D	Weak or Absent	Up	Up	Up	17.07%