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
Dec 20	D	Weak or Absent	Down	Down	Down	109.14%
Dec 19	D	Weak or Absent	Down	Down	Down	103.57%
Dec 16	F	Weak or Absent	Down	Down	Down	103.24%
Dec 15	F	Weak or Absent	Down	Down	Down	103.35%
Dec 14	D	Weak or Absent	Down	Up	Up	96.21%
Dec 13	D	Weak or Absent	Down	Up	Up	91.70%
Dec 12	F	Weak or Absent	Down	Down	Down	105.35%
Dec 9	F	Weak or Absent	Down	Down	Down	101.92%
Dec 8	F	Weak or Absent	Down	Down	Down	104.23%
Dec 7	F	Weak or Absent	Down	Down	Down	107.40%