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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 18	A	Weak or Absent	Up	Up	Up	1.98%
Jul 17	A	Weak or Absent	Up	Up	Flat	2.30%
Jul 16	A	Weak or Absent	Up	Up	Flat	2.30%
Jul 15	A	Weak or Absent	Up	Up	Flat	2.58%
Jul 12	B	Weak or Absent	Up	Up	Flat	2.95%
Jul 11	A	Weak or Absent	Up	Up	Flat	2.79%
Jul 10	A	Weak or Absent	Up	Up	Flat	2.99%
Jul 9	A	Weak or Absent	Up	Up	Flat	2.62%
Jul 8	A	Weak or Absent	Up	Up	Up	2.62%
Jul 5	A	Weak or Absent	Up	Up	Flat	2.91%