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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	B	Weak or Absent	Up	Up	Up	-19.98%
May 17	B	Weak or Absent	Up	Up	Up	-20.49%
May 16	B	Weak or Absent	Up	Up	Up	-19.28%
May 15	B	Weak or Absent	Up	Up	Up	-20.03%
May 14	B	Weak or Absent	Up	Up	Up	-20.35%
May 13	B	Weak or Absent	Up	Up	Up	-16.63%
May 10	B	Weak or Absent	Up	Up	Up	-16.68%
May 9	B	Weak or Absent	Up	Up	Up	-18.88%
May 8	B	Weak or Absent	Up	Up	Up	-17.33%
May 7	B	Weak or Absent	Up	Up	Up	-11.69%