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
Aug 23	A	Weak or Absent	Up	Up	Up	-5.37%
Aug 22	B	Weak or Absent	Up	Up	Up	-3.70%
Aug 21	B	Weak or Absent	Up	Up	Up	-4.79%
Aug 20	A	Weak or Absent	Up	Up	Up	-4.79%
Aug 19	B	Weak or Absent	Up	Up	Up	-4.69%
Aug 16	C	Strong	Up	Up	Up	-3.22%
Aug 15	C	Strong	Up	Up	Up	-2.24%
Aug 14	C	Strong	Up	Up	Up	-1.78%
Aug 13	C	Strong	Up	Up	Up	-1.93%
Aug 12	C	Strong	Up	Down	Up	-0.18%