Trend Table for RAYJ - Rayliant SMDAM Japan Equity ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 15	B	Weak or Absent	N/A	Up	Up	6.15%
Aug 14	C	Weak or Absent	N/A	Up	Up	8.79%
Aug 13	C	Weak or Absent	N/A	Up	Up	8.72%
Aug 12	D	Weak or Absent	N/A	Down	Up	12.80%
Aug 9	D	Weak or Absent	N/A	Down	Flat	13.25%
Aug 8	D	Weak or Absent	N/A	Down	Down	13.49%
Aug 7	D	Weak or Absent	N/A	Down	Down	16.21%
Aug 6	F	Strong	N/A	Down	Down	19.29%
Aug 5	F	Weak or Absent	N/A	Down	Down	20.83%
Aug 2	D	Weak or Absent	N/A	Down	Down	16.40%