TOR · ETF · ENHANCED MARKET DYNAMICS

NOVY

Harvest Novo Enhanced High Income Shares ETF Class A CAD

CA

Open Chart Terminal
EMD SCORE59/100

CURRENT COMPLETED-WEEK READ

Constructive

The balance of evidence is supportive, with some confirmation still incomplete. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build50% directional agreement73% evidence confidence
Completed week
28 Aug 2026
Latest close
CAD 7.50
Evidence
33 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

3 supportive · 1 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.
16 Jan 2026–28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE · CAD +100+500-50-100 11.558.495.42 16 Jan 2026 · EMD 48/100 · close 11.22 23 Jan 2026 · EMD 45/100 · close 11.01 30 Jan 2026 · EMD 43/100 · close 10.38 6 Feb 2026 · EMD 44/100 · close 7.95 13 Feb 2026 · EMD 41/100 · close 8.26 20 Feb 2026 · EMD 39/100 · close 7.92 27 Feb 2026 · EMD 33/100 · close 5.91 6 Mar 2026 · EMD 42/100 · close 6.08 13 Mar 2026 · EMD 37/100 · close 6.06 20 Mar 2026 · EMD 34/100 · close 5.75 27 Mar 2026 · EMD 40/100 · close 5.77 3 Apr 2026 · EMD 45/100 · close 6.07 10 Apr 2026 · EMD 45/100 · close 6.22 17 Apr 2026 · EMD 47/100 · close 6.72 24 Apr 2026 · EMD 47/100 · close 6.81 1 May 2026 · EMD 50/100 · close 7.06 8 May 2026 · EMD 47/100 · close 7.51 15 May 2026 · EMD 40/100 · close 7.27 22 May 2026 · EMD 46/100 · close 7.40 29 May 2026 · EMD 48/100 · close 7.54 5 Jun 2026 · EMD 44/100 · close 7.15 12 Jun 2026 · EMD 47/100 · close 7.42 19 Jun 2026 · EMD 46/100 · close 7.23 26 Jun 2026 · EMD 50/100 · close 7.98 3 Jul 2026 · EMD 51/100 · close 8.35 10 Jul 2026 · EMD 51/100 · close 8.19 17 Jul 2026 · EMD 51/100 · close 8.31 24 Jul 2026 · EMD 47/100 · close 8.10 31 Jul 2026 · EMD 43/100 · close 7.63 7 Aug 2026 · EMD 66/100 · close 7.69 14 Aug 2026 · EMD 50/100 · close 7.40 21 Aug 2026 · EMD 77/100 · close 7.65 28 Aug 2026 · EMD 59/100 · close 7.50 30 Jan 2026 · Down-cycle confirmed · close 10.38 17 Apr 2026 · Up-cycle confirmed · close 6.72 16 Jan 20268 May 202628 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 62%Current EMD +18.64-week EMD change +33.0156-week price range CAD 5.75–11.22

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Each state uses completed-week information available at that point.

01

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

02

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

03

Upper zone

Price establishes residence near the top of its long-cycle range. This is the profit-harvest area, with EMD watched for exhaustion and loss of support.

04

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS

What the latest week shows

Completed-week values

01

Underlying pressure

80/1000.73

Strengthening beneath price
4-week change +0.29

02

Trend and deviation

82/100+3.7% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

55/1004w -1.7% · 13w -0.6%

Momentum is supportive
SMI 0.36

04

Price-volume pressure

7/1007% constructive pressure

Volume is leaning against the close
Volume ratio 34.30x

05

Modeled Trend

80/100Modeled Trend 0.66

Modeled Trend is supportive
Smoothed Modeled Trend 0.38

Evidence context