Trend Table for SAY - Saratoga Investment Corp 8.125% Notes due 2027

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 1	A	Weak or Absent	Up	Flat	Flat	10.24%
Oct 31	A	Weak or Absent	Up	Flat	Flat	10.95%
Oct 30	A	Weak or Absent	Up	Down	Down	11.39%
Oct 27	A	Weak or Absent	Up	Flat	Flat	10.86%
Oct 26	A	Weak or Absent	Up	Flat	Flat	10.51%
Oct 25	A	Weak or Absent	Up	Flat	Flat	10.95%
Oct 24	A	Weak or Absent	Up	Flat	Flat	10.28%
Oct 23	A	Weak or Absent	Up	Flat	Flat	10.95%
Oct 20	A	Weak or Absent	Up	Flat	Flat	10.81%
Oct 19	A	Weak or Absent	Up	Flat	Flat	10.90%