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
Jan 19	C	Weak or Absent	Down	Up	Flat	10.71%
Jan 18	C	Weak or Absent	Down	Up	Up	9.78%
Jan 17	D	Weak or Absent	Down	Flat	Flat	11.55%
Jan 12	D	Weak or Absent	Down	Flat	Flat	11.41%
Jan 11	B	Weak or Absent	Down	Up	Up	10.47%
Jan 10	B	Weak or Absent	Down	Up	Up	10.47%
Jan 9	C	Weak or Absent	Down	Up	Up	10.51%
Jan 6	C	Weak or Absent	Down	Up	Up	10.47%
Jan 4	F	Weak or Absent	Down	Down	Flat	12.84%
Dec 29	C	Weak or Absent	Down	Up	Up	10.94%