Trend Table for NIC - Nicolet Bankshares Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 18	C	Weak or Absent	Up	Up	Up	-6.63%
Sep 17	C	Weak or Absent	Up	Up	Up	-6.60%
Sep 16	C	Weak or Absent	Up	Up	Up	-6.67%
Sep 13	C	Weak or Absent	Up	Up	Up	-5.65%
Sep 12	C	Strong	Up	Up	Down	-3.11%
Sep 11	C	Strong	Up	Up	Down	-2.89%
Sep 10	B	Strong	Up	Up	Down	-4.18%
Sep 9	B	Strong	Up	Up	Down	-3.98%
Sep 6	B	Strong	Up	Up	Down	-3.39%
Sep 5	C	Strong	Up	Up	Flat	-5.38%