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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 25	B	Weak or Absent	Up	Up	Up	-0.20%
Jan 24	B	Weak or Absent	Up	Up	Up	-0.16%
Jan 23	B	Weak or Absent	Up	Up	Up	-0.87%
Jan 22	B	Weak or Absent	Up	Up	Up	-0.09%
Jan 19	B	Weak or Absent	Up	Up	Up	1.58%
Jan 18	B	Weak or Absent	Up	Up	Flat	2.62%
Jan 17	C	Weak or Absent	Up	Up	Flat	3.65%
Jan 16	C	Weak or Absent	Up	Flat	Down	3.80%
Jan 12	C	Weak or Absent	Up	Up	Down	2.66%
Jan 11	C	Weak or Absent	Up	Up	Down	2.55%