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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 17	B	Weak or Absent	Up	Up	Up	-19.79%
May 16	B	Weak or Absent	Up	Up	Up	-18.58%
May 15	B	Weak or Absent	Up	Up	Up	-19.33%
May 14	B	Weak or Absent	Up	Up	Up	-19.65%
May 13	B	Weak or Absent	Up	Up	Up	-15.91%
May 10	B	Weak or Absent	Up	Up	Up	-15.96%
May 9	B	Weak or Absent	Up	Up	Up	-18.17%
May 8	B	Weak or Absent	Up	Up	Up	-16.61%
May 7	B	Weak or Absent	Up	Up	Up	-10.92%
May 6	B	Weak or Absent	Up	Up	Up	-10.24%