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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 27	B	Strong	Up	Up	Up	8.55%
Dec 26	D	Strong	Up	Up	Flat	10.92%
Dec 22	B	Strong	Up	Up	Up	9.98%
Dec 21	D	Strong	Up	Up	Down	12.18%
Dec 20	C	Strong	Up	Up	Flat	11.28%
Dec 19	C	Strong	Up	Up	Flat	10.70%
Dec 18	B	Strong	Up	Up	Up	10.55%
Dec 15	B	Strong	Up	Up	Up	10.48%
Dec 14	B	Strong	Up	Up	Up	9.90%
Dec 13	B	Strong	Up	Up	Up	11.13%