Trend Table for MBWM - Mercantile Bank Corporation

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 16	D	Strong	Up	Flat	Down	14.80%
Jan 12	C	Weak or Absent	Up	Up	Down	12.62%
Jan 11	C	Strong	Up	Up	Down	11.09%
Jan 10	C	Strong	Up	Up	Down	9.86%
Jan 9	C	Strong	Up	Up	Down	9.33%
Jan 8	C	Strong	Up	Up	Down	7.59%
Jan 5	C	Strong	Up	Up	Down	7.51%
Jan 4	C	Strong	Up	Up	Down	8.05%
Jan 3	C	Strong	Up	Up	Down	8.93%
Jan 2	C	Strong	Up	Up	Down	5.88%