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
Feb 29	B	Strong	Up	Up	Up	20.49%
Feb 28	B	Strong	Up	Up	Up	22.28%
Feb 27	B	Strong	Up	Up	Up	22.85%
Feb 26	B	Weak or Absent	Up	Up	Up	19.68%
Feb 23	B	Weak or Absent	Up	Up	Up	22.24%
Feb 22	B	Weak or Absent	Up	Up	Up	24.46%
Feb 21	B	Weak or Absent	Up	Up	Up	21.60%
Feb 20	B	Weak or Absent	Up	Up	Up	23.18%
Feb 16	B	Weak or Absent	Up	Up	Up	28.20%
Feb 15	B	Weak or Absent	Up	Up	Up	28.20%