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
May 28	B	Weak or Absent	Up	Up	Flat	3.59%
May 22	C	Weak or Absent	Up	Up	Up	3.59%
May 21	C	Weak or Absent	Up	Up	Up	3.62%
May 20	C	Weak or Absent	Up	Flat	Up	3.78%
May 17	D	Weak or Absent	Up	Flat	Flat	4.33%
May 16	D	Weak or Absent	Up	Flat	Flat	4.33%
May 15	D	Weak or Absent	Up	Flat	Flat	4.33%
May 13	D	Weak or Absent	Up	Flat	Flat	4.33%
May 10	D	Weak or Absent	Up	Flat	Flat	4.33%
May 9	D	Weak or Absent	Up	Flat	Flat	4.33%