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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 28	D	Weak or Absent	Down	Down	Down	44.25%
Dec 27	D	Weak or Absent	Down	Down	Down	38.26%
Dec 23	D	Weak or Absent	Down	Down	Down	36.01%
Dec 22	D	Weak or Absent	Down	Down	Down	35.85%
Dec 21	D	Weak or Absent	Down	Down	Down	34.00%
Dec 20	C	Weak or Absent	Down	Down	Down	34.47%
Dec 19	C	Weak or Absent	Down	Flat	Down	29.62%
Dec 16	D	Weak or Absent	Down	Down	Down	30.07%
Dec 15	D	Weak or Absent	Down	Down	Down	34.08%
Dec 14	C	Weak or Absent	Down	Flat	Down	29.47%