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
Jul 26	C	Strong	Up	Up	Down	38.17%
Jul 25	C	Strong	Up	Up	Down	39.11%
Jul 24	C	Strong	Up	Up	Down	38.74%
Jul 21	A	Strong	Up	Up	Up	34.47%
Jul 20	A	Strong	Up	Up	Up	34.08%
Jul 19	A	Strong	Up	Up	Up	33.50%
Jul 18	A	Strong	Up	Up	Up	34.37%
Jul 17	A	Strong	Up	Up	Up	35.37%
Jul 14	B	Strong	Up	Up	Up	37.65%
Jul 13	B	Strong	Up	Up	Flat	38.80%