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 7	C	Strong	Up	Down	Down	5.55%
Aug 6	C	Strong	Up	Down	Down	5.89%
Aug 5	C	Strong	Up	Down	Down	7.15%
Aug 2	B	Strong	Up	Up	Down	2.89%
Aug 1	C	Strong	Up	Up	Down	1.70%
Jul 31	C	Strong	Up	Up	Down	-5.52%
Jul 30	C	Strong	Up	Up	Down	-6.55%
Jul 29	C	Strong	Up	Up	Flat	-7.05%
Jul 26	B	Strong	Up	Up	Flat	-7.45%
Jul 25	B	Strong	Up	Up	Flat	-6.93%