Trend Table for MBWM - Mercantile Bank Corporation

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 5	B	Strong	Up	Up	Down	-0.98%
Aug 2	B	Strong	Up	Up	Down	-4.30%
Aug 1	C	Strong	Up	Up	Down	-8.47%
Jul 31	C	Very Strong	Up	Up	Down	-12.71%
Jul 30	C	Very Strong	Up	Up	Flat	-13.64%
Jul 29	C	Very Strong	Up	Up	Down	-13.23%
Jul 26	A	Very Strong	Up	Up	Up	-16.31%
Jul 25	A	Very Strong	Up	Up	Up	-15.32%
Jul 24	B	Strong	Up	Up	Up	-11.98%
Jul 23	B	Strong	Up	Up	Up	-14.01%