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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 29	B	Weak or Absent	Up	Down	Down	-2.41%
Sep 28	B	Weak or Absent	Up	Down	Down	-2.47%
Sep 27	B	Weak or Absent	Up	Down	Down	-1.44%
Sep 26	A	Weak or Absent	Up	Down	Down	-0.34%
Sep 25	B	Weak or Absent	Up	Down	Down	-3.22%
Sep 22	B	Weak or Absent	Up	Down	Down	-2.92%
Sep 21	A	Weak or Absent	Up	Up	Flat	-5.30%
Sep 20	A	Weak or Absent	Up	Up	Up	-6.58%
Sep 19	A	Weak or Absent	Up	Up	Up	-6.58%
Sep 18	A	Weak or Absent	Up	Up	Down	-5.40%