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 8	B	Strong	Up	Up	Flat	14.17%
Jul 5	B	Strong	Up	Up	Up	13.69%
Jul 3	B	Strong	Up	Up	Flat	14.07%
Jul 2	B	Strong	Up	Up	Down	15.04%
Jul 1	B	Strong	Up	Up	Flat	14.39%
Jun 28	B	Strong	Up	Up	Down	14.90%
Jun 27	B	Strong	Up	Up	Down	15.26%
Jun 26	B	Strong	Up	Up	Down	14.98%
Jun 25	B	Strong	Up	Up	Up	13.69%
Jun 24	B	Strong	Up	Up	Up	13.43%