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 10	D	Weak or Absent	Down	Down	Up	22.83%
May 9	D	Weak or Absent	Down	Down	Up	22.83%
May 8	D	Weak or Absent	Down	Up	Up	19.87%
May 7	D	Weak or Absent	Down	Flat	Up	22.74%
May 6	D	Weak or Absent	Down	Down	Flat	24.79%
May 3	D	Weak or Absent	Down	Down	Up	24.23%
May 2	D	Weak or Absent	Down	Down	Up	24.04%
May 1	F	Weak or Absent	Down	Down	Down	26.72%
Apr 30	D	Weak or Absent	Down	Down	Down	26.62%
Apr 29	D	Weak or Absent	Down	Down	Flat	24.70%