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
Jan 30	A	Strong	Up	Up	Flat	6.47%
Jan 29	A	Weak or Absent	Up	Up	Flat	6.34%
Jan 26	A	Weak or Absent	Up	Up	Flat	6.51%
Jan 25	A	Weak or Absent	Up	Up	Flat	6.51%
Jan 24	A	Weak or Absent	Up	Up	Flat	6.95%
Jan 23	A	Weak or Absent	Up	Up	Flat	6.77%
Jan 22	A	Weak or Absent	Up	Up	Flat	7.24%
Jan 19	A	Weak or Absent	Up	Up	Flat	6.91%
Jan 18	A	Weak or Absent	Up	Up	Flat	7.00%
Jan 17	A	Weak or Absent	Up	Up	Flat	6.86%