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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 14	B	Weak or Absent	Up	Up	Flat	20.88%
Sep 13	A	Weak or Absent	Up	Up	Flat	20.04%
Sep 12	A	Weak or Absent	Up	Up	Up	16.31%
Sep 11	A	Weak or Absent	Up	Up	Up	16.38%
Sep 8	A	Weak or Absent	Up	Up	Up	20.25%
Sep 7	A	Weak or Absent	Up	Up	Up	20.74%
Sep 6	B	Weak or Absent	Up	Flat	Down	24.32%
Sep 5	B	Weak or Absent	Up	Up	Down	22.98%
Sep 1	B	Weak or Absent	Up	Up	Flat	21.10%
Aug 31	A	Weak or Absent	Up	Up	Up	20.53%