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
May 15	A	Strong	Up	Up	Up	57.96%
May 12	A	Strong	Up	Up	Up	58.71%
May 11	A	Strong	Up	Up	Up	57.76%
May 10	B	Strong	Up	Up	Up	60.72%
May 9	B	Weak or Absent	Up	Up	Up	62.92%
May 8	B	Weak or Absent	Up	Up	Up	64.60%
May 5	B	Weak or Absent	Up	Up	Up	63.14%
May 4	A	Weak or Absent	Up	Up	Up	66.31%
May 3	B	Weak or Absent	Up	Up	Up	64.45%
May 2	D	Weak or Absent	Down	Down	Down	84.47%