Trend Table for MBWM - Mercantile Bank Corporation

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 23	A	Strong	Up	Up	Down	29.92%
Aug 22	A	Strong	Up	Up	Down	32.34%
Aug 21	A	Strong	Up	Up	Down	29.92%
Aug 18	A	Strong	Up	Up	Down	27.32%
Aug 17	A	Strong	Up	Up	Down	28.23%
Aug 16	A	Strong	Up	Up	Down	28.42%
Aug 15	B	Strong	Up	Up	Down	27.66%
Aug 14	B	Strong	Up	Up	Down	24.61%
Aug 11	B	Strong	Up	Up	Down	22.73%
Aug 10	B	Strong	Up	Up	Down	23.15%