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 20	B	Weak or Absent	N/A	Up	Up	38.98%
Jan 19	A	Weak or Absent	N/A	Up	Flat	40.48%
Jan 18	A	Weak or Absent	N/A	Up	Up	39.82%
Jan 17	B	Weak or Absent	N/A	Up	Up	38.49%
Jan 13	A	Weak or Absent	N/A	Up	Up	33.77%
Jan 12	B	Weak or Absent	N/A	Up	Up	40.82%
Jan 9	B	Weak or Absent	N/A	Up	Down	42.34%
Jan 6	B	Weak or Absent	N/A	Up	Down	42.03%
Jan 5	B	Weak or Absent	N/A	Down	Down	44.96%
Jan 4	C	Weak or Absent	N/A	Flat	Down	43.94%