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 1	F	Strong	N/A	Down	Flat	17.94%
Nov 30	F	Strong	N/A	Down	Down	19.06%
Nov 29	F	Strong	N/A	Down	Down	17.78%
Nov 28	F	Strong	N/A	Flat	Flat	16.43%
Nov 25	F	Strong	N/A	Down	Flat	16.88%
Nov 23	F	Strong	N/A	Down	Flat	16.73%
Nov 22	F	Strong	N/A	Down	Flat	16.98%
Nov 21	F	Strong	N/A	Down	Flat	17.22%
Nov 18	F	Strong	N/A	Down	Flat	16.98%
Nov 17	F	Strong	N/A	Down	Flat	17.58%