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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 28	D	Strong	Up	Down	Flat	-22.37%
Aug 27	D	Strong	Up	Up	Up	-23.21%
Aug 26	D	Strong	Up	Up	Up	-23.00%
Aug 23	D	Strong	Up	Flat	Up	-22.53%
Aug 22	D	Strong	Up	Down	Down	-20.90%
Aug 21	D	Strong	Up	Flat	Up	-22.09%
Aug 20	D	Strong	Up	Flat	Up	-22.07%
Aug 19	C	Strong	Up	Up	Up	-22.70%
Aug 16	C	Strong	Up	Up	Up	-22.63%
Aug 15	C	Strong	Up	Up	Up	-23.31%