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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 26	C	Weak or Absent	Up	Up	Up	20.47%
Dec 22	C	Weak or Absent	Up	Up	Flat	22.81%
Dec 21	C	Weak or Absent	Up	Up	Up	21.01%
Dec 20	C	Weak or Absent	Up	Up	Up	22.66%
Dec 19	C	Weak or Absent	Up	Up	Flat	22.89%
Dec 18	C	Weak or Absent	Up	Up	Down	25.67%
Dec 15	C	Weak or Absent	Up	Up	Down	25.33%
Dec 14	D	Weak or Absent	Up	Up	Down	21.48%
Dec 13	C	Weak or Absent	Up	Up	Down	22.46%
Dec 12	C	Weak or Absent	Up	Up	Down	24.93%