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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 13	C	Weak or Absent	Down	Up	Up	19.55%
Dec 12	B	Weak or Absent	Down	Up	Up	20.63%
Dec 9	B	Weak or Absent	Down	Up	Flat	22.33%
Dec 8	C	Weak or Absent	Down	Up	Down	22.86%
Dec 7	C	Weak or Absent	Down	Up	Down	23.80%
Dec 6	C	Weak or Absent	Down	Up	Down	23.40%
Dec 5	C	Weak or Absent	Down	Up	Down	24.48%
Dec 2	D	Weak or Absent	Down	Up	Down	21.41%
Dec 1	D	Weak or Absent	Down	Up	Flat	20.57%
Nov 30	C	Weak or Absent	Down	Up	Up	19.87%