Trend Table for MBWM - Mercantile Bank Corporation

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 14	B	Weak or Absent	Up	Up	Up	5.45%
Dec 13	A	Weak or Absent	Up	Up	Up	6.48%
Dec 12	A	Weak or Absent	Up	Up	Up	12.70%
Dec 11	A	Weak or Absent	Up	Up	Up	12.02%
Dec 8	A	Weak or Absent	Up	Up	Up	12.85%
Dec 7	A	Weak or Absent	Up	Up	Up	13.61%
Dec 6	A	Weak or Absent	Up	Up	Up	16.03%
Dec 5	B	Weak or Absent	Up	Up	Up	16.86%
Dec 4	A	Weak or Absent	Up	Up	Up	14.47%
Dec 1	A	Weak or Absent	Up	Up	Up	17.05%