Trend Table for MBWM - Mercantile Bank Corporation

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 9	B	Strong	Up	Up	Flat	22.73%
Aug 8	A	Strong	Up	Up	Up	19.52%
Aug 7	A	Strong	Up	Up	Up	18.77%
Aug 4	A	Strong	Up	Up	Up	20.92%
Aug 3	A	Strong	Up	Up	Up	22.04%
Aug 2	A	Strong	Up	Up	Up	23.19%
Aug 1	B	Strong	Up	Up	Up	23.22%
Jul 31	B	Strong	Up	Up	Up	23.64%
Jul 28	B	Strong	Up	Up	Up	24.17%
Jul 27	B	Strong	Up	Up	Up	24.74%