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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 20	F	Strong	Down	Down	Down	1.51%
Nov 19	F	Strong	Down	Down	Down	1.21%
Nov 18	F	Strong	Down	Down	Down	1.40%
Nov 15	F	Strong	Down	Down	Down	-1.68%
Nov 14	F	Strong	Down	Down	Down	-3.61%
Nov 13	F	Strong	Down	Down	Down	-3.51%
Nov 12	F	Strong	Down	Down	Down	-2.06%
Nov 11	D	Weak or Absent	Down	Down	Down	-5.40%
Nov 8	B	Weak or Absent	Up	Up	Up	-30.22%
Nov 7	B	Weak or Absent	Up	Up	Up	-30.27%