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
Feb 13	B	Strong	Up	Up	Down	20.55%
Feb 12	B	Strong	Up	Up	Flat	17.27%
Feb 9	B	Strong	Up	Up	Up	17.01%
Feb 8	B	Strong	Up	Up	Flat	17.60%
Feb 7	C	Strong	Up	Up	Down	19.48%
Feb 6	C	Strong	Up	Up	Flat	18.37%
Feb 5	B	Strong	Up	Up	Up	17.60%
Feb 2	B	Strong	Up	Up	Up	16.64%
Feb 1	B	Strong	Up	Up	Up	18.78%
Jan 31	B	Strong	Up	Up	Up	17.82%