GER ยท EQUITY ยท ENHANCED MARKET DYNAMICS

CMC

JPMorgan Chase & Co.

DE ยท Financial Services ยท Banks - Diversified

EMD SCORE89/100

CURRENT COMPLETED-WEEK READ

Strongly constructive

The latest completed-week readings are broadly supportive. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build100% directional agreement100% evidence confidence
Completed week
28 Aug 2026
Latest close
EUR 308.70
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

6 supportive ยท 0 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
8 Sep 2023โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท EUR +100+500-50-100 326.00218.23110.47 8 Sep 2023 ยท EMD 60/100 ยท close 125.27 15 Sep 2023 ยท EMD 71/100 ยท close 130.97 22 Sep 2023 ยท EMD 62/100 ยท close 128.64 29 Sep 2023 ยท EMD 69/100 ยท close 130.04 6 Oct 2023 ยท EMD 71/100 ยท close 128.42 13 Oct 2023 ยท EMD 82/100 ยท close 135.57 20 Oct 2023 ยท EMD 61/100 ยท close 127.10 27 Oct 2023 ยท EMD 54/100 ยท close 122.01 3 Nov 2023 ยท EMD 69/100 ยท close 125.31 10 Nov 2023 ยท EMD 65/100 ยท close 127.76 17 Nov 2023 ยท EMD 68/100 ยท close 131.80 24 Nov 2023 ยท EMD 70/100 ยท close 132.46 1 Dec 2023 ยท EMD 74/100 ยท close 135.95 8 Dec 2023 ยท EMD 81/100 ยท close 138.02 15 Dec 2023 ยท EMD 83/100 ยท close 142.44 22 Dec 2023 ยท EMD 79/100 ยท close 143.01 29 Dec 2023 ยท EMD 82/100 ยท close 145.08 5 Jan 2024 ยท EMD 85/100 ยท close 149.56 12 Jan 2024 ยท EMD 82/100 ยท close 147.86 19 Jan 2024 ยท EMD 84/100 ยท close 147.29 26 Jan 2024 ยท EMD 84/100 ยท close 150.32 2 Feb 2024 ยท EMD 85/100 ยท close 153.54 9 Feb 2024 ยท EMD 77/100 ยท close 152.97 16 Feb 2024 ยท EMD 86/100 ยท close 157.24 23 Feb 2024 ยท EMD 88/100 ยท close 161.13 1 Mar 2024 ยท EMD 86/100 ยท close 162.36 8 Mar 2024 ยท EMD 87/100 ยท close 163.97 15 Mar 2024 ยท EMD 85/100 ยท close 164.92 22 Mar 2024 ยท EMD 88/100 ยท close 172.97 29 Mar 2024 ยท EMD 88/100 ยท close 175.15 5 Apr 2024 ยท EMD 79/100 ยท close 173.44 12 Apr 2024 ยท EMD 73/100 ยท close 165.73 19 Apr 2024 ยท EMD 80/100 ยท close 163.73 26 Apr 2024 ยท EMD 85/100 ยท close 172.50 3 May 2024 ยท EMD 73/100 ยท close 168.57 10 May 2024 ยท EMD 82/100 ยท close 176.11 17 May 2024 ยท EMD 84/100 ยท close 179.25 24 May 2024 ยท EMD 73/100 ยท close 175.44 31 May 2024 ยท EMD 77/100 ยท close 175.90 7 Jun 2024 ยท EMD 76/100 ยท close 176.89 14 Jun 2024 ยท EMD 72/100 ยท close 173.38 21 Jun 2024 ยท EMD 70/100 ยท close 173.99 28 Jun 2024 ยท EMD 74/100 ยท close 179.88 5 Jul 2024 ยท EMD 70/100 ยท close 181.58 12 Jul 2024 ยท EMD 74/100 ยท close 181.81 19 Jul 2024 ยท EMD 79/100 ยท close 185.54 26 Jul 2024 ยท EMD 83/100 ยท close 187.84 2 Aug 2024 ยท EMD 67/100 ยท close 174.14 9 Aug 2024 ยท EMD 80/100 ยท close 180.78 16 Aug 2024 ยท EMD 76/100 ยท close 186.23 23 Aug 2024 ยท EMD 73/100 ยท close 187.63 30 Aug 2024 ยท EMD 79/100 ยท close 193.23 6 Sep 2024 ยท EMD 65/100 ยท close 185.08 13 Sep 2024 ยท EMD 61/100 ยท close 177.86 20 Sep 2024 ยท EMD 68/100 ยท close 181.32 27 Sep 2024 ยท EMD 59/100 ยท close 182.10 4 Oct 2024 ยท EMD 63/100 ยท close 183.69 11 Oct 2024 ยท EMD 74/100 ยท close 197.35 18 Oct 2024 ยท EMD 81/100 ยท close 200.44 25 Oct 2024 ยท EMD 73/100 ยท close 198.70 1 Nov 2024 ยท EMD 81/100 ยท close 200.20 8 Nov 2024 ยท EMD 88/100 ยท close 214.25 15 Nov 2024 ยท EMD 93/100 ยท close 224.30 22 Nov 2024 ยท EMD 96/100 ยท close 230.29 29 Nov 2024 ยท EMD 87/100 ยท close 229.90 6 Dec 2024 ยท EMD 80/100 ยท close 224.64 13 Dec 2024 ยท EMD 77/100 ยท close 220.87 20 Dec 2024 ยท EMD 84/100 ยท close 220.72 27 Dec 2024 ยท EMD 82/100 ยท close 223.72 3 Jan 2025 ยท EMD 84/100 ยท close 226.81 10 Jan 2025 ยท EMD 78/100 ยท close 227.39 17 Jan 2025 ยท EMD 90/100 ยท close 239.43 24 Jan 2025 ยท EMD 81/100 ยท close 244.73 31 Jan 2025 ยท EMD 89/100 ยท close 251.77 7 Feb 2025 ยท EMD 95/100 ยท close 259.68 14 Feb 2025 ยท EMD 80/100 ยท close 256.53 21 Feb 2025 ยท EMD 77/100 ยท close 249.83 28 Feb 2025 ยท EMD 80/100 ยท close 244.10 7 Mar 2025 ยท EMD 51/100 ยท close 215.01 14 Mar 2025 ยท EMD 49/100 ยท close 207.19 21 Mar 2025 ยท EMD 53/100 ยท close 215.50 28 Mar 2025 ยท EMD 44/100 ยท close 217.44 4 Apr 2025 ยท EMD 32/100 ยท close 188.55 11 Apr 2025 ยท EMD 46/100 ยท close 199.76 18 Apr 2025 ยท EMD 37/100 ยท close 200.49 25 Apr 2025 ยท EMD 40/100 ยท close 208.41 2 May 2025 ยท EMD 47/100 ยท close 216.92 9 May 2025 ยท EMD 45/100 ยท close 219.95 16 May 2025 ยท EMD 52/100 ยท close 234.27 23 May 2025 ยท EMD 46/100 ยท close 224.25 30 May 2025 ยท EMD 47/100 ยท close 227.38 6 Jun 2025 ยท EMD 51/100 ยท close 228.01 13 Jun 2025 ยท EMD 48/100 ยท close 225.32 20 Jun 2025 ยท EMD 57/100 ยท close 234.07 27 Jun 2025 ยท EMD 60/100 ยท close 239.94 4 Jul 2025 ยท EMD 66/100 ยท close 244.89 11 Jul 2025 ยท EMD 61/100 ยท close 240.71 18 Jul 2025 ยท EMD 67/100 ยท close 246.12 25 Jul 2025 ยท EMD 71/100 ยท close 249.61 1 Aug 2025 ยท EMD 70/100 ยท close 245.97 8 Aug 2025 ยท EMD 65/100 ยท close 243.56 15 Aug 2025 ยท EMD 66/100 ยท close 244.70 22 Aug 2025 ยท EMD 71/100 ยท close 248.14 29 Aug 2025 ยท EMD 75/100 ยท close 253.64 5 Sep 2025 ยท EMD 70/100 ยท close 248.28 12 Sep 2025 ยท EMD 81/100 ยท close 255.86 19 Sep 2025 ยท EMD 83/100 ยท close 261.12 26 Sep 2025 ยท EMD 84/100 ยท close 265.39 3 Oct 2025 ยท EMD 74/100 ยท close 260.23 10 Oct 2025 ยท EMD 73/100 ยท close 259.54 17 Oct 2025 ยท EMD 65/100 ยท close 251.08 24 Oct 2025 ยท EMD 72/100 ยท close 256.67 31 Oct 2025 ยท EMD 80/100 ยท close 265.82 7 Nov 2025 ยท EMD 70/100 ยท close 263.79 14 Nov 2025 ยท EMD 70/100 ยท close 260.48 21 Nov 2025 ยท EMD 68/100 ยท close 255.04 28 Nov 2025 ยท EMD 75/100 ยท close 267.20 5 Dec 2025 ยท EMD 74/100 ยท close 268.14 12 Dec 2025 ยท EMD 73/100 ยท close 267.90 19 Dec 2025 ยท EMD 71/100 ยท close 267.15 26 Dec 2025 ยท EMD 75/100 ยท close 274.52 2 Jan 2026 ยท EMD 70/100 ยท close 272.59 9 Jan 2026 ยท EMD 79/100 ยท close 282.93 16 Jan 2026 ยท EMD 67/100 ยท close 268.36 23 Jan 2026 ยท EMD 53/100 ยท close 251.96 30 Jan 2026 ยท EMD 60/100 ยท close 254.29 6 Feb 2026 ยท EMD 66/100 ยท close 271.39 13 Feb 2026 ยท EMD 44/100 ยท close 253.90 20 Feb 2026 ยท EMD 53/100 ยท close 260.11 27 Feb 2026 ยท EMD 44/100 ยท close 251.46 6 Mar 2026 ยท EMD 43/100 ยท close 245.99 13 Mar 2026 ยท EMD 48/100 ยท close 247.09 20 Mar 2026 ยท EMD 48/100 ยท close 248.03 27 Mar 2026 ยท EMD 45/100 ยท close 245.75 3 Apr 2026 ยท EMD 49/100 ยท close 253.40 10 Apr 2026 ยท EMD 53/100 ยท close 263.75 17 Apr 2026 ยท EMD 52/100 ยท close 264.75 24 Apr 2026 ยท EMD 53/100 ยท close 264.30 1 May 2026 ยท EMD 57/100 ยท close 266.75 8 May 2026 ยท EMD 49/100 ยท close 256.95 15 May 2026 ยท EMD 51/100 ยท close 256.35 22 May 2026 ยท EMD 55/100 ยท close 263.25 29 May 2026 ยท EMD 44/100 ยท close 254.70 5 Jun 2026 ยท EMD 59/100 ยท close 269.17 12 Jun 2026 ยท EMD 67/100 ยท close 276.14 19 Jun 2026 ยท EMD 68/100 ยท close 280.81 26 Jun 2026 ยท EMD 80/100 ยท close 290.07 3 Jul 2026 ยท EMD 80/100 ยท close 293.30 10 Jul 2026 ยท EMD 81/100 ยท close 294.55 17 Jul 2026 ยท EMD 85/100 ยท close 300.95 24 Jul 2026 ยท EMD 87/100 ยท close 309.70 31 Jul 2026 ยท EMD 79/100 ยท close 307.50 7 Aug 2026 ยท EMD 76/100 ยท close 308.30 14 Aug 2026 ยท EMD 85/100 ยท close 314.45 21 Aug 2026 ยท EMD 70/100 ยท close 302.65 28 Aug 2026 ยท EMD 89/100 ยท close 308.70 8 Dec 2023 ยท Up-cycle confirmed ยท close 138.02 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 97%Current EMD +77.24-week EMD change +19.0156-week price range EUR 122.01โ€“314.45

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

94/1001.52

Strengthening beneath price
4-week change -0.04

02

Trend and deviation

97/100+12.6% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

77/1004w +0.4% ยท 13w +21.2%

Momentum is supportive
SMI 0.78

04

Price-volume pressure

100/100100% constructive pressure

Volume is confirming the close
Volume ratio 5.33x

05

Relative leadership

72/1005.62

Leadership is supportive
4-week change -4.58

06

Modeled Trend

91/100Modeled Trend 0.90

Modeled Trend is supportive
Smoothed Modeled Trend 0.82

Evidence context