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 16	B	Strong	Up	Up	Up	41.83%
Nov 15	B	Strong	Up	Up	Up	40.91%
Nov 14	B	Strong	Up	Up	Up	40.91%
Nov 13	B	Strong	Down	Flat	Down	48.20%
Nov 10	B	Strong	Down	Up	Down	47.53%
Nov 9	B	Strong	Down	Up	Flat	45.31%
Nov 8	B	Strong	Flat	Up	Up	43.08%
Nov 7	A	Strong	Up	Up	Up	41.45%
Nov 6	A	Strong	Up	Up	Up	41.17%
Nov 3	B	Strong	Up	Up	Up	40.69%