Trend Table for GECCZ - Great Elm Capital Corp. - 8.75% Notes due 2028

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 20	A	Weak or Absent	Up	Up	Flat	0.01%
Nov 19	A	Weak or Absent	Up	Up	Flat	-0.12%
Nov 15	A	Weak or Absent	Up	Up	Flat	0.02%
Nov 14	A	Weak or Absent	Up	Up	Flat	0.02%
Nov 13	A	Weak or Absent	Up	Up	Flat	0.06%
Nov 12	A	Weak or Absent	Up	Up	Flat	-0.29%
Nov 8	B	Weak or Absent	Up	Up	Flat	0.26%
Nov 7	A	Strong	Up	Up	Flat	-0.29%
Nov 6	A	Strong	Up	Up	Flat	-0.14%
Nov 5	A	Strong	Up	Up	Flat	-0.18%