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
Mar 1	B	Weak or Absent	Down	Up	Up	9.55%
Feb 28	B	Weak or Absent	Down	Up	Up	9.55%
Feb 27	C	Weak or Absent	Down	Flat	Flat	11.41%
Feb 23	D	Weak or Absent	Down	Flat	Down	11.65%
Feb 22	B	Weak or Absent	Down	Up	Up	9.55%
Feb 16	D	Weak or Absent	Down	Flat	Flat	11.17%
Feb 15	C	Weak or Absent	Down	Up	Flat	10.71%
Feb 14	C	Weak or Absent	Down	Up	Up	10.24%
Feb 8	F	Weak or Absent	Down	Flat	Flat	11.17%
Feb 7	F	Weak or Absent	Down	Flat	Down	11.60%