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 17	A	Weak or Absent	Up	Up	Flat	37.63%
May 16	B	Weak or Absent	Up	Flat	Flat	38.27%
May 15	A	Weak or Absent	Up	Up	Flat	38.13%
May 12	B	Weak or Absent	Up	Flat	Flat	38.65%
May 11	B	Weak or Absent	Up	Flat	Flat	38.43%
May 10	B	Weak or Absent	Up	Up	Flat	38.19%
May 9	B	Weak or Absent	Up	Up	Flat	37.82%
May 8	A	Weak or Absent	Up	Up	Flat	37.22%
May 5	B	Weak or Absent	Up	Up	Flat	37.88%
May 4	B	Weak or Absent	Up	Flat	Down	39.48%