Trend Table for FRMEP - First Merchants Corporation - Depository Shares, each representing a 1/100th interest in a share of 7.50% Non-Cumulative Perpetual Preferred Stock, A

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 22	B	Strong	Up	Up	Flat	0.00%
Nov 21	B	Strong	Up	Up	Down	0.70%
Nov 20	A	Strong	Up	Up	Flat	-0.12%
Nov 19	A	Strong	Up	Up	Flat	-0.10%
Nov 18	A	Strong	Up	Up	Flat	-0.10%
Nov 11	A	Strong	Up	Up	Up	-1.24%
Nov 8	A	Strong	Up	Up	Up	-1.17%
Nov 7	B	Strong	Up	Up	Flat	0.11%
Nov 6	A	Strong	Up	Up	Up	-1.32%
Nov 5	A	Strong	Up	Up	Up	-0.90%