Trend Table for RAYD - The Advisors' Inner Circle Fund III Rayliant Quantitative Developed Market Equity ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 23	A	Strong	Up	Up	Up	6.70%
May 22	A	Strong	Up	Up	Up	6.78%
May 20	A	Strong	Up	Up	Up	6.04%
May 17	A	Strong	Up	Up	Up	6.52%
May 16	A	Weak or Absent	Up	Up	Up	6.81%
May 15	A	Weak or Absent	Up	Up	Up	6.72%
May 14	A	Weak or Absent	Up	Up	Up	7.93%
May 13	A	Weak or Absent	Up	Up	Up	8.46%
May 10	A	Weak or Absent	Up	Up	Up	8.27%
May 9	A	Weak or Absent	Up	Up	Up	8.62%