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 21	B	Strong	Up	Up	Up	13.53%
Jun 20	B	Strong	Up	Up	Flat	14.88%
Jun 18	B	Strong	Up	Up	Up	13.27%
Jun 17	B	Strong	Up	Up	Up	14.37%
Jun 14	B	Strong	Up	Up	Up	14.50%
Jun 13	B	Strong	Up	Up	Up	14.12%
Jun 12	B	Weak or Absent	Up	Up	Up	15.69%
Jun 11	B	Weak or Absent	Up	Up	Up	16.65%
Jun 10	B	Weak or Absent	Up	Up	Up	15.53%
Jun 7	B	Weak or Absent	Up	Up	Up	14.62%