Trend Table for SAT - Saratoga Investment Corp 6.00% Notes due 2027

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 8	A	Very Strong	Up	Flat	Flat	5.24%
May 7	A	Very Strong	Up	Flat	Flat	5.13%
May 6	A	Very Strong	Up	Flat	Flat	5.39%
May 3	A	Very Strong	Up	Flat	Flat	5.26%
May 2	B	Very Strong	Up	Flat	Flat	5.70%
May 1	A	Very Strong	Up	Flat	Flat	5.52%
Apr 30	A	Very Strong	Up	Up	Up	5.13%
Apr 29	A	Very Strong	Up	Flat	Flat	5.57%
Apr 26	B	Strong	Up	Down	Flat	6.32%
Apr 25	B	Strong	Up	Flat	Flat	5.79%