STO ยท EQUITY ยท ENHANCED MARKET DYNAMICS

ENEA

Enea AB (publ)

SE ยท Technology ยท Software - Infrastructure

EMD SCORE36/100

CURRENT COMPLETED-WEEK READ

Cautious

The balance of evidence is weakening and risk control deserves more attention. Conditions are cautious and have weakened over the latest four completed weeks.

Deterioration60% directional agreement87% evidence confidence
Completed week
11 Sep 2026
Latest close
SEK 63.30
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

1 supportive ยท 4 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
22 Sep 2023โ€“11 Sep 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท SEK +100+500-50-100 112.5074.2035.90 22 Sep 2023 ยท EMD 42/100 ยท close 42.70 29 Sep 2023 ยท EMD 42/100 ยท close 47.20 6 Oct 2023 ยท EMD 36/100 ยท close 43.80 13 Oct 2023 ยท EMD 40/100 ยท close 42.35 20 Oct 2023 ยท EMD 30/100 ยท close 40.00 27 Oct 2023 ยท EMD 42/100 ยท close 45.75 3 Nov 2023 ยท EMD 44/100 ยท close 48.00 10 Nov 2023 ยท EMD 40/100 ยท close 45.50 17 Nov 2023 ยท EMD 56/100 ยท close 50.90 24 Nov 2023 ยท EMD 56/100 ยท close 54.00 1 Dec 2023 ยท EMD 59/100 ยท close 55.40 8 Dec 2023 ยท EMD 59/100 ยท close 55.70 15 Dec 2023 ยท EMD 63/100 ยท close 55.90 22 Dec 2023 ยท EMD 67/100 ยท close 57.00 29 Dec 2023 ยท EMD 61/100 ยท close 56.60 5 Jan 2024 ยท EMD 65/100 ยท close 57.20 12 Jan 2024 ยท EMD 62/100 ยท close 56.90 19 Jan 2024 ยท EMD 57/100 ยท close 52.90 26 Jan 2024 ยท EMD 59/100 ยท close 52.20 2 Feb 2024 ยท EMD 73/100 ยท close 57.90 9 Feb 2024 ยท EMD 60/100 ยท close 55.80 16 Feb 2024 ยท EMD 62/100 ยท close 55.20 23 Feb 2024 ยท EMD 57/100 ยท close 52.90 1 Mar 2024 ยท EMD 58/100 ยท close 53.90 8 Mar 2024 ยท EMD 52/100 ยท close 52.40 15 Mar 2024 ยท EMD 46/100 ยท close 50.30 22 Mar 2024 ยท EMD 42/100 ยท close 48.65 29 Mar 2024 ยท EMD 54/100 ยท close 51.50 5 Apr 2024 ยท EMD 36/100 ยท close 48.40 12 Apr 2024 ยท EMD 42/100 ยท close 49.70 19 Apr 2024 ยท EMD 37/100 ยท close 47.55 26 Apr 2024 ยท EMD 56/100 ยท close 54.00 3 May 2024 ยท EMD 82/100 ยท close 64.80 10 May 2024 ยท EMD 83/100 ยท close 68.00 17 May 2024 ยท EMD 85/100 ยท close 69.70 24 May 2024 ยท EMD 87/100 ยท close 73.80 31 May 2024 ยท EMD 92/100 ยท close 80.00 7 Jun 2024 ยท EMD 88/100 ยท close 78.60 14 Jun 2024 ยท EMD 81/100 ยท close 76.90 21 Jun 2024 ยท EMD 88/100 ยท close 78.00 28 Jun 2024 ยท EMD 85/100 ยท close 76.70 5 Jul 2024 ยท EMD 87/100 ยท close 82.00 12 Jul 2024 ยท EMD 88/100 ยท close 83.70 19 Jul 2024 ยท EMD 82/100 ยท close 82.40 26 Jul 2024 ยท EMD 87/100 ยท close 82.90 2 Aug 2024 ยท EMD 79/100 ยท close 81.40 9 Aug 2024 ยท EMD 86/100 ยท close 81.70 16 Aug 2024 ยท EMD 88/100 ยท close 86.90 23 Aug 2024 ยท EMD 85/100 ยท close 88.00 30 Aug 2024 ยท EMD 85/100 ยท close 89.70 6 Sep 2024 ยท EMD 76/100 ยท close 84.10 13 Sep 2024 ยท EMD 78/100 ยท close 84.80 20 Sep 2024 ยท EMD 78/100 ยท close 84.70 27 Sep 2024 ยท EMD 79/100 ยท close 88.20 4 Oct 2024 ยท EMD 78/100 ยท close 87.10 11 Oct 2024 ยท EMD 79/100 ยท close 87.90 18 Oct 2024 ยท EMD 84/100 ยท close 94.90 25 Oct 2024 ยท EMD 84/100 ยท close 99.00 1 Nov 2024 ยท EMD 86/100 ยท close 102.20 8 Nov 2024 ยท EMD 80/100 ยท close 99.90 15 Nov 2024 ยท EMD 79/100 ยท close 97.30 22 Nov 2024 ยท EMD 84/100 ยท close 97.60 29 Nov 2024 ยท EMD 77/100 ยท close 98.30 6 Dec 2024 ยท EMD 93/100 ยท close 108.40 13 Dec 2024 ยท EMD 79/100 ยท close 103.00 20 Dec 2024 ยท EMD 79/100 ยท close 99.10 27 Dec 2024 ยท EMD 80/100 ยท close 97.90 3 Jan 2025 ยท EMD 78/100 ยท close 101.40 10 Jan 2025 ยท EMD 71/100 ยท close 101.20 17 Jan 2025 ยท EMD 76/100 ยท close 101.20 24 Jan 2025 ยท EMD 78/100 ยท close 104.60 31 Jan 2025 ยท EMD 62/100 ยท close 98.00 7 Feb 2025 ยท EMD 69/100 ยท close 97.20 14 Feb 2025 ยท EMD 61/100 ยท close 95.30 21 Feb 2025 ยท EMD 60/100 ยท close 95.30 28 Feb 2025 ยท EMD 59/100 ยท close 94.90 7 Mar 2025 ยท EMD 41/100 ยท close 89.40 14 Mar 2025 ยท EMD 41/100 ยท close 86.90 21 Mar 2025 ยท EMD 39/100 ยท close 85.50 28 Mar 2025 ยท EMD 37/100 ยท close 83.20 4 Apr 2025 ยท EMD 37/100 ยท close 77.60 11 Apr 2025 ยท EMD 41/100 ยท close 77.00 18 Apr 2025 ยท EMD 42/100 ยท close 81.70 25 Apr 2025 ยท EMD 23/100 ยท close 65.40 2 May 2025 ยท EMD 31/100 ยท close 66.50 9 May 2025 ยท EMD 31/100 ยท close 68.80 16 May 2025 ยท EMD 25/100 ยท close 68.00 23 May 2025 ยท EMD 26/100 ยท close 66.00 30 May 2025 ยท EMD 26/100 ยท close 67.10 6 Jun 2025 ยท EMD 24/100 ยท close 66.10 13 Jun 2025 ยท EMD 27/100 ยท close 65.00 20 Jun 2025 ยท EMD 25/100 ยท close 63.80 27 Jun 2025 ยท EMD 35/100 ยท close 67.80 4 Jul 2025 ยท EMD 38/100 ยท close 71.50 11 Jul 2025 ยท EMD 32/100 ยท close 69.10 18 Jul 2025 ยท EMD 45/100 ยท close 74.50 25 Jul 2025 ยท EMD 47/100 ยท close 77.40 1 Aug 2025 ยท EMD 44/100 ยท close 74.80 8 Aug 2025 ยท EMD 47/100 ยท close 75.50 15 Aug 2025 ยท EMD 47/100 ยท close 77.00 22 Aug 2025 ยท EMD 48/100 ยท close 76.50 29 Aug 2025 ยท EMD 47/100 ยท close 75.00 5 Sep 2025 ยท EMD 49/100 ยท close 75.10 12 Sep 2025 ยท EMD 46/100 ยท close 74.10 19 Sep 2025 ยท EMD 51/100 ยท close 75.50 26 Sep 2025 ยท EMD 47/100 ยท close 73.90 3 Oct 2025 ยท EMD 53/100 ยท close 76.40 10 Oct 2025 ยท EMD 54/100 ยท close 75.00 17 Oct 2025 ยท EMD 58/100 ยท close 77.20 24 Oct 2025 ยท EMD 45/100 ยท close 69.20 31 Oct 2025 ยท EMD 48/100 ยท close 70.00 7 Nov 2025 ยท EMD 40/100 ยท close 69.60 14 Nov 2025 ยท EMD 38/100 ยท close 69.10 21 Nov 2025 ยท EMD 35/100 ยท close 66.40 28 Nov 2025 ยท EMD 45/100 ยท close 70.70 5 Dec 2025 ยท EMD 37/100 ยท close 67.50 12 Dec 2025 ยท EMD 35/100 ยท close 66.10 19 Dec 2025 ยท EMD 40/100 ยท close 68.40 26 Dec 2025 ยท EMD 40/100 ยท close 70.60 2 Jan 2026 ยท EMD 48/100 ยท close 75.50 9 Jan 2026 ยท EMD 61/100 ยท close 81.70 16 Jan 2026 ยท EMD 51/100 ยท close 77.40 23 Jan 2026 ยท EMD 54/100 ยท close 75.90 30 Jan 2026 ยท EMD 38/100 ยท close 66.90 6 Feb 2026 ยท EMD 33/100 ยท close 62.90 13 Feb 2026 ยท EMD 27/100 ยท close 57.90 20 Feb 2026 ยท EMD 38/100 ยท close 59.50 27 Feb 2026 ยท EMD 38/100 ยท close 59.80 6 Mar 2026 ยท EMD 33/100 ยท close 59.90 13 Mar 2026 ยท EMD 42/100 ยท close 61.00 20 Mar 2026 ยท EMD 29/100 ยท close 55.50 27 Mar 2026 ยท EMD 28/100 ยท close 54.80 3 Apr 2026 ยท EMD 29/100 ยท close 56.40 10 Apr 2026 ยท EMD 29/100 ยท close 57.70 17 Apr 2026 ยท EMD 39/100 ยท close 63.80 24 Apr 2026 ยท EMD 52/100 ยท close 73.80 1 May 2026 ยท EMD 66/100 ยท close 79.60 8 May 2026 ยท EMD 63/100 ยท close 78.10 15 May 2026 ยท EMD 75/100 ยท close 82.50 22 May 2026 ยท EMD 86/100 ยท close 90.50 29 May 2026 ยท EMD 78/100 ยท close 87.90 5 Jun 2026 ยท EMD 81/100 ยท close 84.80 12 Jun 2026 ยท EMD 77/100 ยท close 81.50 19 Jun 2026 ยท EMD 62/100 ยท close 75.00 26 Jun 2026 ยท EMD 62/100 ยท close 73.80 3 Jul 2026 ยท EMD 57/100 ยท close 72.30 10 Jul 2026 ยท EMD 53/100 ยท close 69.40 17 Jul 2026 ยท EMD 36/100 ยท close 58.70 24 Jul 2026 ยท EMD 33/100 ยท close 55.10 31 Jul 2026 ยท EMD 37/100 ยท close 59.00 7 Aug 2026 ยท EMD 33/100 ยท close 62.10 14 Aug 2026 ยท EMD 44/100 ยท close 64.00 21 Aug 2026 ยท EMD 45/100 ยท close 64.80 28 Aug 2026 ยท EMD 36/100 ยท close 63.50 4 Sep 2026 ยท EMD 38/100 ยท close 62.20 11 Sep 2026 ยท EMD 36/100 ยท close 63.30 29 Sep 2023 ยท Up-cycle confirmed ยท close 47.20 27 Oct 2023 ยท Up-cycle confirmed ยท close 45.75 20 Dec 2024 ยท Down-cycle confirmed ยท close 99.10 31 Jan 2025 ยท Down-cycle confirmed ยท close 98.00 22 Sep 202321 Mar 202511 Sep 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 27%Current EMD -28.34-week EMD change -15.8156-week price range SEK 40.00โ€“108.40

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

32/100-0.48

Cautious pressure beneath price
4-week change +0.43

02

Trend and deviation

11/100-6.5% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

39/1004w -1.1% ยท 13w -22.3%

Momentum is applying downside pressure
SMI 0.15

04

Price-volume pressure

48/10048% constructive pressure

Volume is leaning against the close
Volume ratio 1.81x

05

Relative leadership

7/100-15.67

The ticker is lagging its benchmark
4-week change +2.08

06

Modeled Trend

69/100Modeled Trend 0.40

Modeled Trend is supportive
Smoothed Modeled Trend 0.16

Evidence context