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
Jun 23	D	Weak or Absent	Down	Flat	Flat	11.79%
Jun 21	F	Weak or Absent	Down	Down	Flat	11.91%
Jun 20	F	Weak or Absent	Down	Down	Down	12.52%
Jun 15	D	Weak or Absent	Down	Down	Down	12.52%
Jun 14	C	Weak or Absent	Down	Up	Flat	10.34%
Jun 8	D	Weak or Absent	Down	Down	Down	12.80%
Jun 7	D	Weak or Absent	Down	Down	Down	12.80%
Jun 2	C	Weak or Absent	Down	Flat	Down	11.01%
Jun 1	B	Weak or Absent	Down	Up	Flat	10.40%
May 31	B	Weak or Absent	Down	Up	Flat	10.40%