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 10	B	Weak or Absent	Up	Up	Up	10.50%
May 9	B	Weak or Absent	Up	Up	Up	7.59%
May 8	B	Weak or Absent	Up	Up	Up	9.64%
May 7	B	Weak or Absent	Up	Up	Up	17.12%
May 6	B	Weak or Absent	Up	Up	Up	18.02%
May 3	B	Weak or Absent	Up	Flat	Flat	19.10%
May 2	B	Weak or Absent	Up	Down	Down	20.98%
May 1	B	Weak or Absent	Up	Flat	Flat	19.87%
Apr 30	A	Weak or Absent	Up	Flat	Flat	19.33%
Apr 29	A	Weak or Absent	Up	Up	Up	16.68%