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 13	D	Weak or Absent	Down	Down	Down	47.98%
Jun 12	D	Weak or Absent	Down	Flat	Flat	46.98%
Jun 9	D	Weak or Absent	Down	Up	Up	44.21%
Jun 8	D	Weak or Absent	Down	Up	Up	42.21%
Jun 7	D	Weak or Absent	Down	Up	Up	42.36%
Jun 6	D	Weak or Absent	Down	Up	Up	43.52%
Jun 5	D	Weak or Absent	Down	Down	Up	47.46%
Jun 2	D	Weak or Absent	Down	Down	Up	48.02%
Jun 1	D	Weak or Absent	Down	Down	Up	50.31%
May 31	D	Strong	Down	Down	Up	53.02%