Trend Table for GECCM - Great Elm Capital Corp. - 6.75% Notes Due 2025

Current Trend Strength: Very Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 23	F	Strong	Down	Flat	Flat	15.25%
Jan 20	F	Strong	Down	Down	Down	15.80%
Jan 19	F	Strong	Down	Flat	Flat	15.23%
Jan 18	F	Strong	Down	Flat	Flat	15.00%
Jan 17	D	Strong	Down	Flat	Flat	14.81%
Jan 13	D	Strong	Down	Flat	Flat	14.79%
Jan 12	D	Weak or Absent	Down	Flat	Flat	14.76%
Jan 11	F	Weak or Absent	Down	Flat	Flat	15.14%
Jan 10	D	Weak or Absent	Down	Down	Down	15.61%
Jan 9	C	Weak or Absent	Down	Flat	Flat	14.58%