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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 22	D	Weak or Absent	Down	Down	Up	54.54%
May 19	D	Weak or Absent	Down	Down	Up	53.55%
May 18	D	Weak or Absent	Down	Down	Up	53.00%
May 17	D	Weak or Absent	Down	Down	Up	54.77%
May 16	F	Weak or Absent	Down	Down	Flat	59.94%
May 15	F	Weak or Absent	Down	Down	Down	60.54%
May 12	F	Weak or Absent	Down	Down	Down	61.02%
May 11	F	Weak or Absent	Down	Down	Down	65.23%
May 10	F	Weak or Absent	Down	Down	Down	65.10%
May 9	F	Weak or Absent	Down	Down	Down	61.02%