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
Jul 10	A	Weak or Absent	Up	Up	Up	3.47%
Jul 9	B	Weak or Absent	Up	Up	Up	4.29%
Jul 8	A	Weak or Absent	Up	Up	Up	3.53%
Jul 5	A	Weak or Absent	Up	Up	Up	4.47%
Jul 3	B	Weak or Absent	Up	Up	Up	6.31%
Jul 2	B	Weak or Absent	Up	Up	Up	6.93%
Jul 1	B	Weak or Absent	Up	Up	Up	7.62%
Jun 28	B	Weak or Absent	Up	Up	Up	8.32%
Jun 27	B	Weak or Absent	Up	Up	Up	8.10%
Jun 26	B	Weak or Absent	Up	Up	Down	10.70%