Trend Table for AQNB - Algonquin Power & Utilities Corp. 6.20% Fixed-to-Floating Subordinated Notes Series 2019-A due July 1, 2079

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 26	B	Strong	Up	Up	Flat	11.01%
Dec 22	B	Strong	Up	Up	Up	9.84%
Dec 21	B	Strong	Up	Up	Up	10.69%
Dec 20	A	Strong	Up	Up	Up	10.20%
Dec 19	B	Strong	Up	Up	Flat	11.37%
Dec 18	B	Strong	Up	Up	Flat	11.10%
Dec 15	C	Strong	Up	Up	Down	11.97%
Dec 14	B	Strong	Up	Up	Flat	10.92%
Dec 13	C	Strong	Up	Up	Flat	11.54%
Dec 12	C	Strong	Up	Up	Down	12.18%