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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 25	B	Weak or Absent	Up	Up	Up	-0.60%
Jan 24	B	Weak or Absent	Up	Up	Up	-0.56%
Jan 23	B	Weak or Absent	Up	Up	Up	-1.27%
Jan 22	B	Weak or Absent	Up	Up	Up	-0.49%
Jan 19	B	Weak or Absent	Up	Up	Up	1.17%
Jan 18	B	Weak or Absent	Up	Up	Flat	2.21%
Jan 17	C	Weak or Absent	Up	Up	Flat	3.24%
Jan 16	C	Weak or Absent	Up	Flat	Down	3.39%
Jan 12	C	Weak or Absent	Up	Up	Down	2.25%
Jan 11	C	Weak or Absent	Up	Up	Down	2.14%