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
Jan 5	F	Weak or Absent	Down	Down	Down	104.01%
Jan 4	C	Weak or Absent	Down	Up	Up	96.73%
Jan 3	C	Weak or Absent	Down	Flat	Up	98.92%
Dec 30	D	Weak or Absent	Down	Down	Up	102.80%
Dec 29	D	Weak or Absent	Down	Down	Up	101.92%
Dec 28	D	Weak or Absent	Down	Down	Down	108.90%
Dec 27	D	Weak or Absent	Down	Down	Down	103.79%
Dec 23	D	Weak or Absent	Down	Down	Flat	100.95%
Dec 22	D	Weak or Absent	Down	Down	Flat	102.14%
Dec 21	D	Weak or Absent	Down	Down	Down	103.46%