Trend Table for HNNAZ - Hennessy Advisors, Inc. - 4.875% Notes due 2026

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 15	C	Weak or Absent	Up	Up	Flat	4.14%
Feb 14	C	Weak or Absent	Up	Up	Down	4.31%
Feb 13	B	Weak or Absent	Up	Flat	Down	5.15%
Feb 6	C	Weak or Absent	Up	Flat	Down	5.02%
Feb 5	B	Weak or Absent	Up	Flat	Down	5.02%
Feb 2	C	Weak or Absent	Up	Flat	Down	5.46%
Jan 30	A	Weak or Absent	Up	Up	Up	1.39%
Jan 29	A	Weak or Absent	Up	Up	Up	1.39%
Jan 19	C	Weak or Absent	Up	Flat	Down	5.64%
Jan 18	A	Weak or Absent	Up	Up	Up	1.22%