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
Sep 23	B	Weak or Absent	Up	Up	Up	-0.83%
Sep 19	B	Weak or Absent	Up	Up	Up	-0.83%
Sep 17	B	Weak or Absent	Up	Up	Up	0.00%
Sep 12	B	Weak or Absent	Up	Up	Flat	0.86%
Sep 10	B	Weak or Absent	Up	Flat	Flat	1.28%
Sep 9	B	Weak or Absent	Up	Up	Flat	1.10%
Sep 5	B	Weak or Absent	Up	Up	Flat	1.28%
Aug 29	B	Weak or Absent	Up	Up	Up	0.44%
Aug 28	B	Weak or Absent	Up	Up	Up	0.44%
Aug 27	D	Weak or Absent	Up	Flat	Down	2.13%