Trend Table for RAYE - The Advisors' Inner Circle Fund III Rayliant Quantamental Emerging Market Equity ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 3	B	Weak or Absent	Up	Flat	Down	3.25%
May 31	C	Weak or Absent	Up	Down	Down	4.82%
May 30	C	Weak or Absent	Up	Down	Down	4.19%
May 29	A	Weak or Absent	Up	Up	Down	2.79%
May 28	A	Weak or Absent	Up	Up	Flat	1.81%
May 24	A	Weak or Absent	Up	Up	Flat	1.73%
May 23	A	Weak or Absent	Up	Up	Flat	1.75%
May 22	A	Weak or Absent	Up	Up	Flat	1.98%
May 21	A	Weak or Absent	Up	Up	Up	1.18%
May 20	A	Weak or Absent	Up	Up	Up	1.51%