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
Jul 23	C	Weak or Absent	Up	Up	Flat	7.80%
Jul 22	B	Strong	Up	Up	Up	7.51%
Jul 19	B	Strong	Up	Up	Up	7.95%
Jul 18	B	Strong	Up	Up	Up	7.95%
Jul 17	B	Strong	Up	Up	Up	2.37%
Jul 16	C	Weak or Absent	Up	Up	Up	3.78%
Jul 15	C	Weak or Absent	Up	Up	Up	6.64%
Jul 12	C	Weak or Absent	Up	Up	Up	7.66%
Jul 11	C	Weak or Absent	Up	Up	Up	8.91%
Jul 10	B	Weak or Absent	Flat	Up	Up	16.36%