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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 15	A	Weak or Absent	Up	Flat	Down	-3.27%
Sep 14	B	Weak or Absent	Up	Up	Down	-4.17%
Sep 13	A	Weak or Absent	Up	Up	Down	-4.34%
Sep 12	B	Weak or Absent	Up	Up	Down	-5.48%
Sep 11	A	Weak or Absent	Up	Up	Up	-7.99%
Sep 8	A	Weak or Absent	Up	Up	Up	-8.14%
Sep 7	A	Weak or Absent	Up	Up	Up	-7.43%
Sep 6	A	Strong	Up	Up	Flat	-6.53%
Sep 5	A	Strong	Up	Up	Up	-8.02%
Sep 1	A	Strong	Up	Up	Up	-8.68%