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
May 22	A	Strong	Up	Up	Flat	4.18%
May 21	A	Strong	Up	Up	Flat	4.29%
May 20	A	Strong	Up	Up	Up	3.92%
May 17	B	Strong	Up	Up	Flat	4.31%
May 16	A	Strong	Up	Up	Up	4.01%
May 15	B	Strong	Up	Up	Up	4.53%
May 14	A	Strong	Up	Up	Up	3.82%
May 13	A	Very Strong	Up	Flat	Flat	5.22%
May 10	A	Very Strong	Up	Flat	Flat	5.22%
May 9	A	Very Strong	Up	Flat	Flat	5.09%