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 6	B	Weak or Absent	Up	Up	Up	15.80%
Jun 5	B	Weak or Absent	Up	Up	Up	19.47%
Jun 4	B	Weak or Absent	Up	Up	Up	19.13%
Jun 3	B	Weak or Absent	Up	Up	Up	20.86%
May 31	D	Weak or Absent	Up	Down	Down	23.99%
May 30	D	Weak or Absent	Up	Down	Down	23.10%
May 29	C	Weak or Absent	Up	Down	Down	23.56%
May 28	D	Weak or Absent	Up	Flat	Flat	22.59%
May 24	D	Weak or Absent	Up	Flat	Flat	22.47%
May 23	D	Weak or Absent	Up	Down	Down	24.18%