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 2	C	Strong	Up	Up	Down	32.18%
Dec 29	B	Strong	Up	Up	Flat	28.11%
Dec 28	C	Strong	Up	Up	Up	26.89%
Dec 27	C	Strong	Up	Up	Up	25.43%
Dec 26	C	Strong	Up	Up	Up	25.55%
Dec 22	C	Strong	Up	Up	Up	26.97%
Dec 21	C	Weak or Absent	Up	Up	Up	28.83%
Dec 20	C	Weak or Absent	Up	Up	Up	30.87%
Dec 19	C	Weak or Absent	Up	Up	Up	30.14%
Dec 18	C	Weak or Absent	Up	Up	Up	30.83%