Trend Table for RAYE - The Advisors' Inner Circle Fund III Rayliant Quantamental Emerging Market Equity ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 12	A	Weak or Absent	Up	Up	Up	0.98%
Jun 11	B	Weak or Absent	Up	Flat	Flat	2.89%
Jun 10	B	Weak or Absent	Up	Up	Flat	2.66%
Jun 7	B	Weak or Absent	Up	Flat	Flat	2.97%
Jun 6	B	Weak or Absent	Up	Up	Flat	2.51%
Jun 5	C	Weak or Absent	Up	Flat	Down	3.25%
Jun 4	C	Weak or Absent	Up	Down	Down	4.91%
Jun 3	B	Weak or Absent	Up	Flat	Down	2.84%
May 31	C	Weak or Absent	Up	Down	Down	4.40%
May 30	C	Weak or Absent	Up	Down	Down	3.78%