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
Feb 16	C	Strong	Up	Up	Down	73.52%
Feb 15	C	Strong	Up	Up	Down	67.93%
Feb 14	C	Strong	Up	Up	Down	68.99%
Feb 13	C	Strong	Up	Up	Down	67.41%
Feb 10	C	Strong	Up	Up	Down	68.01%
Feb 9	C	Strong	Up	Up	Down	67.11%
Feb 8	C	Strong	Up	Up	Flat	65.49%
Feb 7	B	Strong	Up	Up	Up	61.64%
Feb 6	B	Strong	Up	Up	Up	64.19%
Feb 3	B	Strong	Up	Up	Up	61.09%