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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 26	C	Strong	Up	Up	Up	-5.34%
Dec 22	C	Strong	Up	Up	Up	-4.27%
Dec 21	C	Weak or Absent	Up	Up	Up	-2.87%
Dec 20	C	Weak or Absent	Up	Up	Up	-1.33%
Dec 19	C	Weak or Absent	Up	Up	Up	-1.88%
Dec 18	C	Weak or Absent	Up	Up	Up	-1.36%
Dec 15	C	Weak or Absent	Up	Up	Up	-0.02%
Dec 14	C	Weak or Absent	Up	Up	Up	1.54%
Dec 13	D	Weak or Absent	Up	Up	Up	4.31%
Dec 12	C	Weak or Absent	Up	Up	Up	5.93%