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
Aug 20	B	Weak or Absent	Up	Up	Up	4.14%
Aug 19	A	Weak or Absent	Up	Up	Up	1.40%
Aug 16	B	Weak or Absent	Up	Up	Up	2.59%
Aug 15	B	Weak or Absent	Up	Up	Up	3.80%
Aug 14	B	Weak or Absent	Up	Up	Up	10.26%
Aug 13	B	Weak or Absent	Up	Up	Up	9.87%
Aug 12	A	Weak or Absent	Up	Up	Flat	11.90%
Aug 9	A	Weak or Absent	Up	Up	Up	11.19%
Aug 8	A	Weak or Absent	Up	Up	Flat	11.50%
Aug 7	B	Weak or Absent	Up	Up	Flat	11.98%