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
Jan 17	C	Weak or Absent	Up	Up	Flat	37.47%
Jan 16	C	Weak or Absent	Up	Flat	Down	37.68%
Jan 12	C	Weak or Absent	Up	Up	Down	36.16%
Jan 11	C	Weak or Absent	Up	Up	Down	36.01%
Jan 10	C	Weak or Absent	Up	Up	Down	36.66%
Jan 9	C	Weak or Absent	Up	Up	Down	34.63%
Jan 8	C	Strong	Up	Up	Down	34.77%
Jan 5	C	Strong	Up	Up	Down	38.76%
Jan 4	C	Strong	Up	Flat	Down	39.54%
Jan 3	C	Strong	Up	Up	Down	37.47%