Trend Table for GECCZ - Great Elm Capital Corp. - 8.75% Notes due 2028

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 18	A	Strong	Up	Up	Flat	0.85%
Sep 17	A	Strong	Up	Up	Up	0.85%
Sep 16	B	Strong	Up	Up	Up	0.93%
Sep 13	A	Strong	Up	Up	Flat	1.25%
Sep 12	A	Strong	Up	Up	Flat	1.64%
Sep 11	A	Strong	Up	Up	Flat	1.40%
Sep 10	A	Strong	Up	Up	Up	1.25%
Sep 9	A	Strong	Up	Up	Up	1.25%
Sep 6	A	Weak or Absent	Up	Up	Flat	1.80%
Sep 5	A	Weak or Absent	Up	Up	Flat	1.72%