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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 15	F	Strong	N/A	Down	Flat	18.45%
Dec 14	F	Strong	N/A	Down	Flat	18.29%
Dec 13	F	Strong	N/A	Down	Up	18.04%
Dec 12	F	Strong	N/A	Down	Flat	18.50%
Dec 9	F	Strong	N/A	Down	Flat	18.50%
Dec 8	F	Strong	N/A	Down	Flat	18.65%
Dec 7	F	Strong	N/A	Down	Down	19.43%
Dec 6	F	Strong	N/A	Down	Down	19.79%
Dec 5	F	Strong	N/A	Down	Down	19.90%
Dec 2	F	Strong	N/A	Down	Flat	17.78%