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 9	C	Strong	Up	Flat	Up	-0.24%
Aug 8	C	Strong	Up	Down	Flat	0.98%
Aug 7	C	Strong	Up	Down	Down	2.62%
Aug 6	C	Strong	Up	Down	Down	4.51%
Aug 5	C	Strong	Up	Down	Down	5.06%
Aug 2	C	Weak or Absent	Up	Down	Down	0.62%
Aug 1	B	Weak or Absent	Up	Flat	Flat	-0.93%
Jul 31	B	Weak or Absent	Up	Up	Up	-2.54%
Jul 30	C	Strong	Up	Flat	Down	-0.93%
Jul 29	C	Strong	Up	Up	Down	-1.20%