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
Jun 27	F	Weak or Absent	Down	Down	Down	54.16%
Jun 26	F	Weak or Absent	Down	Down	Down	53.17%
Jun 23	F	Weak or Absent	Down	Down	Down	52.91%
Jun 22	F	Weak or Absent	Down	Down	Down	53.00%
Jun 21	D	Weak or Absent	Down	Down	Down	52.47%
Jun 20	D	Weak or Absent	Down	Down	Down	52.64%
Jun 16	D	Weak or Absent	Down	Down	Down	49.79%
Jun 15	C	Weak or Absent	Down	Up	Flat	44.32%
Jun 14	D	Weak or Absent	Down	Down	Down	50.47%
Jun 13	D	Weak or Absent	Down	Down	Down	47.12%