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
May 24	C	Strong	Down	Up	Up	17.39%
May 23	C	Strong	Down	Up	Down	20.31%
May 22	C	Strong	Down	Up	Up	17.98%
May 21	D	Strong	Down	Up	Up	16.55%
May 20	D	Strong	Down	Up	Up	16.80%
May 17	D	Strong	Down	Up	Up	16.14%
May 16	D	Weak or Absent	Down	Up	Up	16.22%
May 15	D	Weak or Absent	Down	Up	Up	19.00%
May 14	D	Weak or Absent	Down	Up	Up	20.49%
May 13	D	Weak or Absent	Down	Flat	Up	22.38%