Trend Table for RFM - RiverNorth Flexible Municipal Income Fund, Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 13	A	Weak or Absent	Up	Up	Up	3.69%
May 10	A	Weak or Absent	Up	Up	Up	3.76%
May 9	A	Weak or Absent	Up	Up	Up	3.12%
May 8	A	Weak or Absent	Up	Up	Up	3.31%
May 7	A	Weak or Absent	Up	Up	Up	3.31%
May 6	A	Weak or Absent	Up	Up	Up	4.27%
May 3	D	Weak or Absent	Up	Flat	Flat	5.38%
May 2	D	Weak or Absent	Up	Flat	Flat	5.78%
May 1	C	Weak or Absent	Up	Flat	Flat	5.62%
Apr 30	C	Weak or Absent	Up	Down	Down	6.32%