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
Feb 9	A	Strong	Up	Up	Up	15.23%
Feb 8	A	Strong	Up	Up	Up	15.97%
Feb 7	A	Strong	Up	Up	Up	16.11%
Feb 6	A	Strong	Up	Up	Up	17.22%
Feb 2	A	Strong	Up	Up	Up	17.13%
Jan 31	A	Strong	Up	Up	Flat	19.46%
Jan 30	A	Strong	Up	Up	Up	18.26%
Jan 29	A	Strong	Up	Up	Up	18.26%
Jan 26	A	Strong	Up	Up	Up	19.00%
Jan 25	A	Strong	Up	Up	Up	19.13%