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
Aug 14	C	Strong	Up	Up	Up	-1.39%
Aug 13	C	Strong	Up	Up	Up	-1.54%
Aug 12	C	Strong	Up	Down	Up	0.22%
Aug 9	C	Strong	Up	Flat	Up	0.16%
Aug 8	C	Strong	Up	Down	Flat	1.39%
Aug 7	C	Strong	Up	Down	Down	3.03%
Aug 6	C	Strong	Up	Down	Down	4.93%
Aug 5	C	Strong	Up	Down	Down	5.48%
Aug 2	C	Weak or Absent	Up	Down	Down	1.02%
Aug 1	B	Weak or Absent	Up	Flat	Flat	-0.53%