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
Aug 19	B	Weak or Absent	Up	Up	Up	1.93%
Aug 16	B	Weak or Absent	Up	Up	Up	2.47%
Aug 15	C	Weak or Absent	Up	Up	Up	3.20%
Aug 14	C	Strong	Up	Flat	Up	4.39%
Aug 13	C	Strong	Up	Down	Up	5.25%
Aug 12	C	Strong	Up	Down	Up	6.79%
Aug 9	C	Strong	Up	Down	Flat	7.17%
Aug 8	C	Strong	Up	Down	Down	8.00%
Aug 7	C	Strong	Up	Down	Down	9.73%
Aug 6	C	Strong	Up	Down	Down	9.19%