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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 11	C	Weak or Absent	Up	Up	Down	1.80%
Jan 10	C	Weak or Absent	Up	Up	Down	2.29%
Jan 9	C	Weak or Absent	Up	Up	Down	0.77%
Jan 8	C	Strong	Up	Up	Down	0.88%
Jan 5	C	Strong	Up	Up	Down	3.86%
Jan 4	C	Strong	Up	Flat	Down	4.44%
Jan 3	C	Strong	Up	Up	Down	2.90%
Jan 2	C	Strong	Up	Up	Down	-1.07%
Dec 29	B	Strong	Up	Up	Flat	-4.11%
Dec 28	C	Strong	Up	Up	Up	-5.03%