Trend Table for GECCM - Great Elm Capital Corp. - 6.75% Notes Due 2025

Current Trend Strength: Very Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 23	A	Weak or Absent	Up	Up	Flat	2.54%
May 22	A	Weak or Absent	Up	Up	Flat	2.58%
May 21	B	Weak or Absent	Up	Up	Flat	2.67%
May 20	B	Strong	Up	Up	Flat	2.67%
May 17	C	Strong	Up	Flat	Flat	3.16%
May 16	C	Strong	Up	Flat	Flat	3.20%
May 15	C	Strong	Up	Flat	Flat	3.20%
May 13	A	Strong	Up	Up	Flat	2.54%
May 10	A	Strong	Up	Flat	Flat	2.99%
May 9	A	Strong	Up	Up	Flat	2.87%