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
Aug 9	A	Strong	Up	Up	Up	21.97%
Aug 8	A	Strong	Up	Up	Up	21.89%
Aug 7	A	Strong	Up	Up	Up	20.42%
Aug 4	A	Strong	Up	Up	Up	23.07%
Aug 3	A	Strong	Up	Up	Up	26.69%
Aug 2	A	Strong	Up	Up	Up	26.35%
Aug 1	A	Strong	Up	Up	Up	34.24%
Jul 31	B	Strong	Up	Up	Flat	37.23%
Jul 28	C	Strong	Up	Up	Down	40.41%
Jul 27	C	Strong	Up	Flat	Down	42.03%