Trend Table for GECCO - Great Elm Capital Corp. - 5.875% Notes due 2026

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 22	A	Strong	Up	Flat	Flat	3.06%
May 21	B	Weak or Absent	Up	Flat	Flat	3.19%
May 20	B	Weak or Absent	Up	Flat	Flat	3.23%
May 17	B	Weak or Absent	Up	Flat	Flat	3.23%
May 16	B	Weak or Absent	Up	Flat	Flat	3.23%
May 15	D	Weak or Absent	Up	Flat	Flat	3.99%
May 14	C	Weak or Absent	Up	Flat	Flat	3.78%
May 13	C	Weak or Absent	Up	Flat	Flat	3.74%
May 10	A	Weak or Absent	Up	Flat	Flat	3.48%
May 9	B	Weak or Absent	Up	Flat	Flat	3.10%