Trend Table for NIE - AllianzGI Equity & Convertible Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 4	F	Strong	Down	Down	Down	51.16%
Jan 3	F	Weak or Absent	Down	Down	Down	51.66%
Dec 30	F	Weak or Absent	Down	Down	Down	52.74%
Dec 29	F	Weak or Absent	Down	Down	Down	53.24%
Dec 28	F	Weak or Absent	Down	Down	Down	38.39%
Dec 27	F	Weak or Absent	Down	Down	Down	38.60%
Dec 23	F	Weak or Absent	Down	Down	Down	37.50%
Dec 22	F	Weak or Absent	Down	Down	Down	38.73%
Dec 21	F	Weak or Absent	Down	Down	Down	37.10%
Dec 20	F	Weak or Absent	Down	Down	Down	39.57%