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 20	B	Weak or Absent	Up	Up	Up	16.50%
May 17	B	Weak or Absent	Up	Up	Up	15.77%
May 16	C	Weak or Absent	Up	Up	Up	15.77%
May 15	C	Weak or Absent	Up	Up	Up	15.63%
May 14	C	Weak or Absent	Up	Up	Up	17.37%
May 13	C	Weak or Absent	Up	Flat	Up	18.26%
May 10	D	Weak or Absent	Up	Flat	Up	18.55%
May 9	D	Weak or Absent	Up	Flat	Up	18.22%
May 8	D	Weak or Absent	Up	Down	Up	20.67%
May 7	D	Weak or Absent	Up	Down	Up	19.60%