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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 10	C	Weak or Absent	Up	Up	Down	3.04%
Jan 9	C	Weak or Absent	Up	Up	Down	1.51%
Jan 8	C	Strong	Up	Up	Down	1.62%
Jan 5	C	Strong	Up	Up	Down	4.62%
Jan 4	C	Strong	Up	Flat	Down	5.21%
Jan 3	C	Strong	Up	Up	Down	3.65%
Jan 2	C	Strong	Up	Up	Down	-0.34%
Dec 29	B	Strong	Up	Up	Flat	-3.41%
Dec 28	C	Strong	Up	Up	Up	-4.33%
Dec 27	C	Strong	Up	Up	Up	-5.43%