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 6	D	Weak or Absent	Down	Down	Down	105.47%
Dec 5	D	Weak or Absent	Down	Down	Down	100.84%
Dec 2	D	Weak or Absent	Down	Flat	Down	97.25%
Dec 1	D	Weak or Absent	Down	Up	Up	91.21%
Nov 30	D	Weak or Absent	Down	Up	Up	92.58%
Nov 29	C	Weak or Absent	Down	Up	Up	94.48%
Nov 28	D	Weak or Absent	Down	Down	Down	97.87%
Nov 25	C	Weak or Absent	Down	Flat	Flat	94.79%
Nov 23	D	Weak or Absent	Down	Flat	Flat	95.29%
Nov 22	F	Weak or Absent	Down	Down	Down	97.66%