Trend Table for NREF - NexPoint Real Estate Finance, Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 2	B	Weak or Absent	Up	Up	Flat	0.00%
Oct 1	B	Weak or Absent	Up	Up	Flat	-0.77%
Sep 30	C	Weak or Absent	Up	Up	Up	-1.66%
Sep 27	C	Weak or Absent	Up	Up	Down	0.46%
Sep 26	C	Weak or Absent	Up	Up	Down	1.45%
Sep 25	C	Weak or Absent	Up	Up	Down	2.06%
Sep 24	C	Weak or Absent	Up	Up	Down	-1.09%
Sep 23	C	Strong	Up	Up	Down	0.99%
Sep 20	C	Strong	Up	Up	Down	-0.97%
Sep 19	C	Strong	Up	Up	Down	0.72%