Trend Table for GECCI - Great Elm Capital Corp. - 8.50% NOTES DUE 2029

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 23	C	Weak or Absent	N/A	Up	Flat	2.40%
Jul 22	B	Weak or Absent	N/A	Up	Flat	2.07%
Jul 18	C	Weak or Absent	N/A	Up	Flat	2.56%
Jul 16	C	Strong	N/A	Up	Flat	2.48%
Jul 15	C	Strong	N/A	Up	Flat	2.48%
Jul 12	C	Strong	N/A	Up	Down	2.62%
Jul 11	C	Strong	N/A	Up	Flat	2.27%
Jul 10	B	Strong	N/A	Up	Flat	2.12%
Jul 9	B	Strong	N/A	Up	Flat	2.09%
Jul 8	B	Strong	N/A	Up	Flat	2.09%