Trend Table for SPNS - Sapiens International Corporation N.V.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 13	D	Strong	Up	Down	Up	-22.89%
Sep 12	D	Strong	Up	Down	Flat	-21.84%
Sep 11	D	Strong	Up	Down	Flat	-21.69%
Sep 10	D	Strong	Up	Down	Down	-20.91%
Sep 9	D	Strong	Up	Down	Down	-20.82%
Sep 6	D	Strong	Up	Down	Down	-20.52%
Sep 5	D	Strong	Up	Down	Down	-21.73%
Sep 4	D	Strong	Up	Down	Down	-21.02%
Aug 30	D	Strong	Up	Up	Up	-23.80%
Aug 29	D	Strong	Up	Flat	Up	-22.99%