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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 3	A	Strong	Up	Up	Up	10.18%
Jan 2	B	Strong	Up	Up	Up	11.36%
Dec 29	B	Strong	Up	Up	Up	11.14%
Dec 28	B	Strong	Up	Up	Up	11.65%
Dec 27	B	Strong	Up	Up	Up	11.14%
Dec 26	D	Strong	Up	Up	Flat	13.56%
Dec 22	B	Strong	Up	Up	Up	12.60%
Dec 21	D	Strong	Up	Up	Down	14.85%
Dec 20	C	Strong	Up	Up	Flat	13.94%
Dec 19	C	Strong	Up	Up	Flat	13.34%