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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 22	F	Weak or Absent	Down	Down	Down	35.40%
Mar 21	D	Weak or Absent	Down	Down	Flat	32.55%
Mar 20	F	Weak or Absent	Down	Down	Down	34.01%
Mar 19	F	Weak or Absent	Down	Down	Down	36.20%
Mar 18	F	Weak or Absent	Down	Down	Down	36.00%
Mar 15	F	Weak or Absent	Down	Down	Down	33.71%
Mar 14	F	Weak or Absent	Down	Down	Down	36.92%
Mar 13	D	Weak or Absent	Down	Down	Up	29.18%
Mar 12	D	Weak or Absent	Down	Down	Up	29.01%
Mar 11	D	Weak or Absent	Down	Down	Up	28.83%