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
Oct 19	A	Strong	Up	Up	Up	7.55%
Oct 18	A	Strong	Up	Up	Up	7.55%
Oct 17	A	Weak or Absent	Up	Up	Up	7.55%
Oct 16	A	Weak or Absent	Up	Up	Up	7.55%
Oct 13	A	Weak or Absent	Up	Up	Up	5.48%
Sep 26	A	Weak or Absent	Up	Up	Down	10.56%
Sep 22	A	Weak or Absent	Up	Up	Flat	9.84%
Sep 21	A	Weak or Absent	Up	Up	Flat	9.36%
Sep 20	A	Weak or Absent	Up	Up	Up	8.30%
Sep 19	A	Weak or Absent	Up	Up	Flat	9.84%