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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 27	C	Strong	Up	Up	Up	-6.12%
Dec 26	C	Strong	Up	Up	Up	-6.02%
Dec 22	C	Strong	Up	Up	Up	-4.96%
Dec 21	C	Weak or Absent	Up	Up	Up	-3.58%
Dec 20	C	Weak or Absent	Up	Up	Up	-2.04%
Dec 19	C	Weak or Absent	Up	Up	Up	-2.59%
Dec 18	C	Weak or Absent	Up	Up	Up	-2.08%
Dec 15	C	Weak or Absent	Up	Up	Up	-0.75%
Dec 14	C	Weak or Absent	Up	Up	Up	0.80%
Dec 13	D	Weak or Absent	Up	Up	Up	3.55%