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
May 17	A	Weak or Absent	Up	Up	Up	1.88%
May 16	A	Weak or Absent	Up	Up	Up	2.19%
May 15	A	Weak or Absent	Up	Up	Up	1.71%
May 14	A	Weak or Absent	Up	Up	Up	2.50%
May 13	A	Weak or Absent	Up	Up	Flat	3.30%
May 10	A	Weak or Absent	Up	Up	Flat	3.38%
May 9	A	Weak or Absent	Up	Up	Up	3.17%
May 8	B	Weak or Absent	Up	Up	Up	3.16%
May 7	A	Weak or Absent	Up	Up	Up	2.94%
May 6	A	Weak or Absent	Up	Up	Up	2.75%