Trend Table for IPO - Renaissance IPO ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 26	B	Strong	Up	Up	Up	21.83%
Dec 22	B	Strong	Up	Up	Up	22.14%
Dec 21	B	Strong	Up	Up	Up	23.00%
Dec 20	B	Strong	Up	Up	Up	25.48%
Dec 19	A	Strong	Up	Up	Up	21.96%
Dec 18	A	Strong	Up	Up	Up	25.10%
Dec 15	B	Strong	Up	Up	Up	25.68%
Dec 14	A	Strong	Up	Up	Up	24.90%
Dec 13	B	Strong	Up	Up	Up	27.70%
Dec 12	B	Strong	Up	Up	Up	31.86%