Trend Table for GECCH - Great Elm Capital Corp. - 8.125% Notes Due 2029

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 8	C	Very Strong	N/A	N/A	Flat	-0.26%
Nov 7	C	Very Strong	N/A	N/A	Flat	-0.16%
Nov 6	C	Very Strong	N/A	N/A	Flat	-0.16%
Nov 5	C	Very Strong	N/A	N/A	Flat	-0.16%
Nov 4	B	Weak or Absent	N/A	N/A	Flat	-0.07%
Nov 1	B	Weak or Absent	N/A	N/A	Flat	-0.16%
Oct 31	B	Weak or Absent	N/A	N/A	Flat	-0.16%
Oct 30	C	Weak or Absent	N/A	N/A	Flat	0.04%
Oct 29	C	Weak or Absent	N/A	N/A	Flat	0.04%
Oct 28	D	Weak or Absent	N/A	N/A	Flat	0.56%