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
Jun 25	C	Weak or Absent	Down	Up	Flat	17.25%
Jun 24	B	Weak or Absent	Up	Up	Up	13.47%
Jun 21	C	Weak or Absent	Down	Up	Down	18.57%
Jun 20	C	Weak or Absent	Down	Up	Down	19.74%
Jun 18	D	Strong	Down	Down	Down	21.48%
Jun 17	C	Strong	Down	Up	Down	19.74%
Jun 14	C	Strong	Down	Up	Down	18.66%
Jun 13	C	Strong	Down	Up	Down	16.22%
Jun 12	B	Strong	Up	Up	Up	13.96%
Jun 11	B	Strong	Up	Up	Up	13.57%