Trend Table for SPNS - Sapiens International Corporation N.V.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 22	F	Strong	Down	Down	Down	0.00%
Nov 21	F	Strong	Down	Down	Down	0.65%
Nov 20	F	Strong	Down	Down	Down	2.25%
Nov 19	F	Strong	Down	Down	Down	1.95%
Nov 18	F	Strong	Down	Down	Down	2.14%
Nov 15	F	Strong	Down	Down	Down	-0.96%
Nov 14	F	Strong	Down	Down	Down	-2.91%
Nov 13	F	Strong	Down	Down	Down	-2.80%
Nov 12	F	Strong	Down	Down	Down	-1.35%
Nov 11	D	Weak or Absent	Down	Down	Down	-4.71%