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
Jul 22	B	Strong	Up	Up	Up	14.71%
Jul 19	B	Strong	Up	Up	Flat	15.30%
Jul 18	B	Strong	Up	Up	Flat	14.98%
Jul 17	C	Strong	Up	Up	Flat	15.57%
Jul 16	C	Strong	Up	Up	Flat	14.92%
Jul 15	C	Strong	Up	Up	Flat	15.41%
Jul 12	C	Strong	Up	Up	Flat	15.41%
Jul 11	B	Strong	Up	Up	Flat	15.30%
Jul 10	C	Strong	Up	Up	Down	16.45%
Jul 9	B	Strong	Up	Up	Down	16.23%