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
Jan 8	A	Strong	Up	Up	Flat	24.54%
Jan 5	B	Strong	Up	Up	Down	26.33%
Jan 4	B	Strong	Up	Up	Down	26.43%
Jan 3	B	Strong	Up	Up	Down	26.43%
Jan 2	C	Strong	Up	Up	Down	26.17%
Dec 29	A	Strong	Up	Up	Up	24.11%
Dec 28	A	Strong	Up	Up	Up	23.94%
Dec 27	A	Strong	Up	Up	Up	23.82%
Dec 22	A	Strong	Up	Up	Up	24.56%
Dec 21	A	Strong	Up	Up	Up	25.00%