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
Sep 24	B	Weak or Absent	Up	Up	Up	-6.32%
Sep 23	B	Weak or Absent	Up	Up	Up	-4.97%
Sep 20	B	Weak or Absent	Up	Up	Up	-4.47%
Sep 19	B	Weak or Absent	Up	Up	Up	-4.58%
Sep 18	B	Weak or Absent	Up	Up	Up	-4.07%
Sep 17	B	Weak or Absent	Up	Up	Up	-4.10%
Sep 16	B	Weak or Absent	Up	Up	Up	-4.07%
Sep 13	B	Weak or Absent	Up	Up	Up	-3.77%
Sep 12	C	Weak or Absent	Up	Flat	Flat	-2.62%
Sep 11	C	Weak or Absent	Up	Down	Down	-1.93%