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 12	D	Weak or Absent	Down	Flat	Flat	11.41%
Dec 8	F	Weak or Absent	Down	Flat	Flat	12.12%
Dec 7	F	Weak or Absent	Down	Flat	Flat	11.88%
Dec 6	D	Weak or Absent	Down	Flat	Flat	11.41%
Dec 5	F	Weak or Absent	Down	Flat	Flat	11.41%
Dec 2	F	Weak or Absent	Down	Flat	Flat	11.41%
Dec 1	F	Weak or Absent	Down	Flat	Flat	11.41%
Nov 30	F	Weak or Absent	Down	Down	Flat	11.65%
Nov 25	F	Weak or Absent	Down	Down	Flat	11.88%