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
Jan 2	B	Weak or Absent	Up	Up	Up	7.16%
Dec 29	C	Weak or Absent	Up	Up	Up	11.11%
Dec 28	B	Weak or Absent	Up	Up	Up	5.16%
Dec 27	C	Weak or Absent	Up	Up	Up	9.16%
Dec 26	C	Weak or Absent	Up	Up	Up	11.32%
Dec 22	C	Weak or Absent	Up	Up	Flat	13.48%
Dec 21	C	Weak or Absent	Up	Up	Up	11.82%
Dec 20	C	Weak or Absent	Up	Up	Up	13.34%
Dec 19	C	Weak or Absent	Up	Up	Flat	13.56%
Dec 18	C	Weak or Absent	Up	Up	Down	16.12%