Trend Table for GDVD - R3 Global Dividend Growth ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 23	A	Weak or Absent	Up	Up	Flat	13.75%
Jan 22	B	Weak or Absent	Up	Up	Flat	13.71%
Jan 19	A	Weak or Absent	Up	Up	Flat	13.80%
Jan 17	B	Weak or Absent	Up	Up	Down	15.15%
Jan 16	B	Weak or Absent	Up	Up	Down	14.08%
Jan 12	A	Strong	Up	Up	Flat	12.53%
Jan 11	A	Strong	Up	Up	Flat	13.00%
Jan 10	A	Strong	Up	Up	Flat	13.02%
Jan 9	A	Strong	Up	Up	Down	13.24%
Jan 8	A	Strong	Up	Up	Flat	12.42%