Trend Table for MBINN - Merchants Bancorp - Depositary Shares 6.00% Fixed Rate Series C Non-Cumulative Perpetual Preferred Stock

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 3	C	Strong	Up	Down	Up	0.00%
May 2	C	Strong	Up	Down	Up	1.76%
May 1	C	Strong	Up	Down	Flat	2.94%
Apr 30	D	Strong	Up	Down	Down	4.80%
Apr 29	C	Strong	Up	Down	Flat	2.73%
Apr 26	C	Strong	Up	Down	Up	2.53%
Apr 25	C	Strong	Up	Down	Up	2.53%
Apr 24	C	Strong	Up	Down	Up	1.81%
Apr 23	C	Strong	Up	Down	Up	1.76%
Apr 22	C	Strong	Up	Down	Down	2.89%