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
Jul 27	F	Weak or Absent	Down	Flat	Flat	11.54%
Jul 26	F	Weak or Absent	Down	Down	Down	13.77%
Jul 25	F	Weak or Absent	Down	Down	Down	13.77%
Jul 24	F	Weak or Absent	Down	Down	Down	13.77%
Jul 21	D	Weak or Absent	Down	Down	Down	13.27%
Jul 20	D	Weak or Absent	Flat	Up	Up	10.25%
Jul 19	D	Weak or Absent	Flat	Up	Up	10.25%
Jul 18	B	Weak or Absent	Up	Up	Up	8.25%
Jul 14	D	Weak or Absent	Flat	Up	Up	10.39%
Jul 13	D	Weak or Absent	Flat	Up	Up	10.39%