Trend Table for MBWM - Mercantile Bank Corporation

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 23	C	Weak or Absent	Up	Up	Down	12.26%
May 22	C	Weak or Absent	Up	Up	Down	8.64%
May 21	C	Weak or Absent	Up	Up	Flat	7.87%
May 20	C	Weak or Absent	Up	Up	Down	8.28%
May 17	C	Weak or Absent	Up	Up	Up	6.49%
May 16	C	Weak or Absent	Up	Up	Up	6.30%
May 15	C	Weak or Absent	Up	Up	Up	6.57%
May 14	B	Weak or Absent	Up	Up	Flat	8.64%
May 13	B	Weak or Absent	Up	Up	Up	8.89%
May 10	B	Weak or Absent	Up	Up	Up	7.24%