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 21	D	Strong	Up	Flat	Up	2.43%
Aug 20	D	Strong	Up	Flat	Up	2.46%
Aug 19	C	Strong	Up	Up	Up	1.64%
Aug 16	C	Strong	Up	Up	Up	1.72%
Aug 15	C	Strong	Up	Up	Up	0.83%
Aug 14	D	Strong	Up	Down	Down	5.76%
Aug 13	D	Strong	Up	Down	Down	5.46%
Aug 12	C	Strong	Up	Down	Down	6.41%
Aug 9	C	Strong	Up	Down	Down	3.91%
Aug 8	C	Strong	Up	Down	Down	4.17%