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
Aug 6	A	Strong	Up	Up	Flat	2.86%
Aug 5	A	Strong	Up	Up	Up	2.44%
Aug 2	A	Weak or Absent	Up	Up	Up	2.27%
Aug 1	A	Strong	Up	Up	Up	2.60%
Jul 31	A	Strong	Up	Up	Flat	2.98%
Jul 30	A	Strong	Up	Up	Flat	3.02%
Jul 29	A	Weak or Absent	Up	Up	Flat	3.24%
Jul 26	A	Weak or Absent	Up	Up	Flat	3.08%
Jul 25	A	Weak or Absent	Up	Up	Flat	3.28%
Jul 24	A	Weak or Absent	Up	Up	Flat	3.45%