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
Aug 26	D	Weak or Absent	Up	Flat	Down	2.13%
Aug 23	B	Weak or Absent	Up	Up	Flat	0.59%
Aug 22	B	Weak or Absent	Up	Up	Flat	0.65%
Aug 20	B	Weak or Absent	Up	Up	Flat	1.06%
Aug 19	B	Weak or Absent	Up	Up	Flat	1.06%
Aug 14	B	Weak or Absent	Up	Up	Down	1.92%
Aug 6	B	Weak or Absent	Up	Flat	Down	2.78%
Aug 5	B	Weak or Absent	Up	Flat	Down	2.78%
Jul 30	A	Weak or Absent	Up	Up	Up	-1.35%
Jul 29	A	Weak or Absent	Up	Up	Up	-1.35%