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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	C	Weak or Absent	Up	Up	Down	7.78%
May 23	B	Weak or Absent	Up	Up	Down	7.97%
May 22	C	Weak or Absent	Up	Up	Flat	7.37%
May 21	B	Weak or Absent	Up	Up	Up	6.53%
May 20	B	Weak or Absent	Up	Up	Up	6.13%
May 17	B	Weak or Absent	Up	Up	Up	5.46%
May 16	B	Weak or Absent	Up	Up	Up	7.06%
May 15	B	Weak or Absent	Up	Up	Up	6.07%
May 14	B	Weak or Absent	Up	Up	Up	5.64%
May 13	B	Weak or Absent	Up	Up	Up	10.57%