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
Sep 18	A	Weak or Absent	Up	Up	Flat	9.84%
Sep 15	A	Weak or Absent	Up	Up	Up	9.84%
Sep 13	A	Weak or Absent	Flat	Up	Flat	10.58%
Sep 12	A	Weak or Absent	Flat	Up	Up	10.58%
Sep 11	A	Weak or Absent	Up	Up	Up	8.93%
Sep 8	A	Weak or Absent	Up	Up	Up	9.03%
Sep 7	B	Weak or Absent	Up	Up	Up	9.03%
Sep 6	B	Weak or Absent	Down	Up	Up	11.75%
Sep 5	C	Weak or Absent	Down	Up	Up	11.54%
Sep 1	C	Weak or Absent	Down	Flat	Up	12.28%