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
Dec 28	C	Weak or Absent	Down	Up	Up	11.13%
Dec 27	C	Weak or Absent	Down	Flat	Up	11.88%
Dec 23	D	Weak or Absent	Down	Flat	Up	12.12%
Dec 21	D	Weak or Absent	Down	Flat	Up	11.98%
Dec 20	F	Weak or Absent	Down	Down	Down	14.07%
Dec 19	F	Weak or Absent	Down	Down	Down	14.32%
Dec 16	F	Weak or Absent	Down	Down	Flat	12.51%
Dec 15	F	Weak or Absent	Down	Down	Down	13.09%
Dec 14	F	Weak or Absent	Down	Down	Down	15.07%
Dec 13	D	Weak or Absent	Down	Flat	Flat	11.88%