Trend Table for MBWM - Mercantile Bank Corporation

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 29	C	Strong	Up	Up	Flat	4.56%
Dec 28	B	Strong	Up	Up	Up	2.33%
Dec 27	B	Strong	Up	Up	Up	1.20%
Dec 26	B	Strong	Up	Up	Up	1.71%
Dec 22	B	Strong	Up	Up	Up	3.66%
Dec 21	B	Strong	Up	Up	Up	5.16%
Dec 20	B	Strong	Up	Up	Up	5.26%
Dec 19	B	Strong	Up	Up	Up	4.12%
Dec 18	B	Strong	Up	Up	Up	6.94%
Dec 15	B	Weak or Absent	Up	Up	Up	6.48%