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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 11	D	Weak or Absent	Up	Flat	Up	6.84%
Dec 8	D	Weak or Absent	Up	Down	Flat	7.50%
Dec 7	D	Weak or Absent	Up	Down	Flat	7.79%
Dec 6	D	Weak or Absent	Up	Down	Down	9.40%
Dec 5	D	Weak or Absent	Up	Down	Flat	7.58%
Dec 4	D	Weak or Absent	Up	Down	Up	7.29%
Nov 30	D	Weak or Absent	Up	Down	Flat	8.29%
Nov 29	D	Weak or Absent	Up	Down	Up	7.58%
Nov 28	D	Weak or Absent	Up	Down	Up	6.71%
Nov 27	D	Weak or Absent	Up	Down	Up	8.67%