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
Jan 30	B	Strong	Up	Up	Up	15.07%
Jan 29	B	Strong	Up	Up	Up	16.50%
Jan 26	B	Strong	Up	Up	Up	17.47%
Jan 25	B	Strong	Up	Up	Up	19.46%
Jan 24	B	Strong	Up	Up	Up	22.23%
Jan 23	B	Strong	Up	Up	Flat	22.41%
Jan 22	B	Strong	Up	Up	Up	22.29%
Jan 19	B	Strong	Up	Up	Up	22.17%
Jan 18	B	Strong	Up	Up	Flat	23.54%
Jan 17	B	Strong	Up	Up	Up	22.82%