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
Feb 6	D	Weak or Absent	Down	Flat	Flat	10.94%
Feb 2	D	Weak or Absent	Down	Up	Flat	10.71%
Feb 1	D	Weak or Absent	Down	Up	Flat	10.47%
Jan 31	F	Weak or Absent	Down	Up	Flat	10.94%
Jan 30	D	Weak or Absent	Down	Flat	Flat	11.17%
Jan 26	F	Weak or Absent	Down	Flat	Flat	11.41%
Jan 25	C	Weak or Absent	Down	Up	Up	10.24%
Jan 24	C	Weak or Absent	Down	Up	Flat	10.71%
Jan 23	D	Weak or Absent	Down	Up	Flat	11.17%
Jan 20	D	Weak or Absent	Down	Flat	Down	11.65%