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
Mar 13	A	Weak or Absent	Up	Up	Flat	5.39%
Mar 12	A	Weak or Absent	Up	Up	Flat	5.48%
Mar 11	A	Weak or Absent	Up	Up	Flat	5.57%
Mar 8	A	Weak or Absent	Up	Up	Flat	5.57%
Mar 7	B	Weak or Absent	Up	Up	Flat	5.74%
Mar 6	A	Weak or Absent	Up	Up	Flat	5.57%
Mar 5	A	Weak or Absent	Up	Up	Flat	5.66%
Mar 4	A	Weak or Absent	Up	Up	Flat	5.74%
Mar 1	B	Weak or Absent	Up	Up	Flat	5.70%
Feb 29	B	Weak or Absent	Up	Flat	Down	6.67%