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
Dec 20	D	Strong	Up	Flat	Down	7.51%
Dec 19	D	Strong	Up	Flat	Down	7.51%
Dec 18	D	Strong	Up	Down	Down	9.63%
Dec 15	C	Strong	Up	Up	Flat	4.36%
Dec 14	C	Strong	Up	Up	Down	5.11%
Dec 11	C	Strong	Up	Up	Down	5.26%
Dec 8	C	Strong	Up	Up	Down	5.26%
Dec 7	A	Strong	Up	Up	Up	1.25%
Dec 6	A	Strong	Up	Up	Up	1.25%
Dec 4	C	Strong	Up	Up	Flat	4.71%