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
Mar 28	B	Weak or Absent	Up	Up	Up	15.29%
Mar 27	B	Weak or Absent	Up	Up	Up	17.85%
Mar 26	C	Strong	Up	Up	Flat	20.53%
Mar 25	A	Strong	Up	Up	Up	17.40%
Mar 22	B	Strong	Up	Up	Up	18.19%
Mar 21	B	Strong	Up	Up	Up	16.96%
Mar 20	B	Strong	Up	Up	Up	18.87%
Mar 19	B	Strong	Up	Up	Up	20.10%
Mar 18	B	Strong	Up	Up	Flat	22.85%
Mar 15	C	Strong	Up	Up	Flat	23.75%