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
Sep 7	A	Weak or Absent	Up	Up	Up	23.67%
Sep 6	A	Strong	Up	Up	Flat	24.88%
Sep 5	A	Strong	Up	Up	Up	22.89%
Sep 1	A	Strong	Up	Up	Up	22.00%
Aug 31	A	Strong	Up	Up	Up	24.04%
Aug 30	A	Strong	Up	Up	Up	24.25%
Aug 29	A	Strong	Up	Up	Flat	24.84%
Aug 28	A	Strong	Up	Up	Down	26.28%
Aug 25	A	Strong	Up	Up	Down	25.77%
Aug 24	A	Strong	Up	Up	Down	25.89%