Trend Table for FREL - Fidelity MSCI Real Estate Index ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 3	C	Weak or Absent	Up	Down	Up	4.40%
May 2	C	Weak or Absent	Flat	Down	Up	5.05%
May 1	D	Weak or Absent	Down	Down	Flat	6.53%
Apr 30	D	Weak or Absent	Down	Down	Flat	6.62%
Apr 29	C	Weak or Absent	Flat	Down	Up	4.83%
Apr 26	D	Weak or Absent	Down	Down	Up	5.92%
Apr 25	D	Weak or Absent	Down	Down	Flat	5.96%
Apr 24	D	Weak or Absent	Flat	Down	Up	5.35%
Apr 23	D	Weak or Absent	Flat	Down	Flat	5.52%
Apr 22	D	Weak or Absent	Down	Down	Down	6.53%