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
Aug 9	C	Weak or Absent	Down	Up	Down	45.59%
Aug 8	C	Weak or Absent	Down	Up	Down	44.41%
Aug 7	D	Weak or Absent	Down	Up	Flat	41.27%
Aug 4	D	Weak or Absent	Down	Up	Down	42.78%
Aug 3	D	Weak or Absent	Down	Up	Down	42.78%
Aug 2	C	Weak or Absent	Down	Up	Up	39.71%
Aug 1	D	Weak or Absent	Down	Up	Up	37.83%
Jul 31	C	Weak or Absent	Flat	Up	Up	36.56%
Jul 28	D	Weak or Absent	Down	Up	Up	39.86%
Jul 27	C	Weak or Absent	Down	Up	Up	40.15%