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
Oct 8	C	Weak or Absent	Up	Up	Down	-3.55%
Oct 7	C	Weak or Absent	Up	Flat	Down	-2.95%
Oct 4	C	Weak or Absent	Up	Flat	Down	-2.99%
Oct 3	C	Weak or Absent	Up	Up	Down	-3.40%
Oct 2	C	Weak or Absent	Up	Up	Down	-3.88%
Oct 1	C	Weak or Absent	Up	Up	Down	-4.10%
Sep 30	C	Weak or Absent	Up	Up	Flat	-4.88%
Sep 27	B	Weak or Absent	Up	Up	Up	-6.81%
Sep 26	A	Weak or Absent	Up	Up	Up	-7.36%
Sep 25	A	Weak or Absent	Up	Up	Up	-5.74%