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
Feb 14	F	Weak or Absent	Down	Down	Down	25.76%
Feb 13	D	Weak or Absent	Down	Down	Down	28.56%
Feb 12	F	Weak or Absent	Down	Down	Down	22.48%
Feb 9	F	Weak or Absent	Down	Down	Down	22.05%
Feb 8	D	Weak or Absent	Down	Down	Down	23.52%
Feb 7	D	Weak or Absent	Down	Down	Down	24.32%
Feb 6	D	Weak or Absent	Flat	Down	Down	18.71%
Feb 5	D	Weak or Absent	Down	Down	Down	22.22%
Feb 2	D	Weak or Absent	Down	Down	Down	19.94%
Feb 1	D	Weak or Absent	Up	Down	Down	16.79%