SAO · EQUITY · ENHANCED MARKET DYNAMICS

MDLZ34

Mondelez International, Inc.

BR · Consumer Defensive · Confectioners

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EMD SCORE78/100

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 agreement100/100 evidence quality6/6 sources available

Completed week: 25 Sep 2026
Latest close: BRL 55.44
Evidence: 156 weeks

Four-week EMD change+14.1 pts

signed chart scale −100 to +100

Four-week price+2.6%

completed closing prices

Current directional run18 weeks

on the same side of EMD zero

Recent consistency13/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

5 supportive · 0 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.

6 Oct 2023–25 Sep 2026

Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation

Confirmation markers describe price-zone departures within this saved history. Earlier markers can change as the history changes; they are not a record of signals available in real time.

Cycle position 53%Current EMD +55.84-week EMD change +14.1Full saved history price range BRL 46.91–67.15

View chart values · 156 observations

Week	Close · BRL	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-10-06	52.16	-25.93	37	60	83
2023-10-13	49.47	-33.1	33	50	83
2023-10-20	51.11	-21.83	39	20	83
2023-10-27	51.39	-24.14	38	50	100
2023-11-03	53.23	-17.57	41	20	100
2023-11-10	53.39	-12.4	44	0	100
2023-11-17	54.87	-4.45	48	0	100
2023-11-24	55.51	-5.84	47	20	100
2023-12-01	54.30	-12.41	44	20	100
2023-12-08	55.23	-2.74	49	20	100
2023-12-15	55.06	-4.25	48	20	100
2023-12-22	54.66	-5.8	47	0	100
2023-12-29	55.00	-2.97	49	20	100
2024-01-05	56.43	-5.14	47	20	100
2024-01-12	56.08	7.17	54	20	100
2024-01-19	57.00	16.04	58	50	100
2024-01-26	58.42	34.01	67	60	100
2024-02-02	60.48	52.4	76	100	100
2024-02-09	57.94	16.65	58	33	100
2024-02-16	56.57	28.59	64	67	100
2024-02-23	57.75	33.98	67	67	100
2024-03-01	58.14	43.78	72	67	100
2024-03-08	56.20	14.96	57	33	100
2024-03-15	55.89	10.97	55	33	100
2024-03-22	57.45	25.14	63	60	100
2024-03-29	55.74	1.46	51	0	100
2024-04-05	54.88	1.03	51	20	100
2024-04-12	54.03	-9.33	45	50	100
2024-04-19	56.01	3.2	52	20	100
2024-04-26	57.67	20.83	60	60	100
2024-05-03	57.53	14.6	57	20	100
2024-05-10	58.36	36.9	68	100	100
2024-05-17	57.89	16.86	58	50	100
2024-05-24	56.62	16.05	58	33	100
2024-05-31	56.71	27.32	64	100	100
2024-06-07	57.31	42.37	71	100	100
2024-06-14	56.50	13.07	57	60	100
2024-06-21	57.53	31.57	66	100	100
2024-06-28	58.02	33.59	67	100	100
2024-07-05	58.19	30.27	65	67	100
2024-07-12	57.27	25.04	63	60	100
2024-07-19	59.97	46.36	73	100	100
2024-07-26	60.26	49.6	75	100	100
2024-08-02	64.08	71.35	86	100	100
2024-08-09	62.60	50.73	75	67	100
2024-08-16	61.42	47.73	74	100	100
2024-08-23	62.67	53.21	77	100	100
2024-08-30	63.88	55.89	78	100	100
2024-09-06	67.15	69.85	85	100	100
2024-09-13	66.48	44.84	72	67	100
2024-09-20	65.64	64.1	82	100	100
2024-09-27	66.30	68.22	84	100	100
2024-10-04	62.56	28.0	64	67	100
2024-10-11	64.63	58.34	79	100	100
2024-10-18	62.95	43.05	72	100	100
2024-10-25	63.35	44.81	72	100	100
2024-11-01	64.05	48.88	74	100	100
2024-11-08	61.09	17.16	59	50	100
2024-11-15	61.03	14.58	57	33	100
2024-11-22	59.98	10.8	55	33	100
2024-11-29	61.71	21.3	61	20	100
2024-12-06	60.87	-0.21	50	20	100
2024-12-13	60.49	0.19	50	20	100
2024-12-20	61.22	14.11	57	33	100
2024-12-27	60.13	2.86	51	0	100
2025-01-03	59.72	4.73	52	20	100
2025-01-10	55.49	-22.57	39	60	100
2025-01-17	56.87	-10.99	45	20	100
2025-01-24	54.04	-33.52	33	67	100
2025-01-31	54.00	-40.62	30	67	100
2025-02-07	53.20	-25.41	37	33	100
2025-02-14	56.68	-13.06	43	20	100
2025-02-21	59.28	-6.86	47	20	100
2025-02-28	59.65	-4.46	48	20	100
2025-03-07	64.52	18.97	59	50	100
2025-03-14	59.35	-10.01	45	20	100
2025-03-21	59.18	-5.46	47	0	100
2025-03-28	64.38	28.02	64	100	100
2025-04-04	62.93	26.26	63	100	100
2025-04-11	64.02	40.65	70	100	100
2025-04-18	63.53	26.63	63	60	100
2025-04-25	60.52	3.64	52	0	100
2025-05-02	62.07	19.67	60	33	100
2025-05-09	62.32	26.9	63	60	100
2025-05-16	59.93	11.91	56	60	100
2025-05-23	60.66	21.76	61	67	100
2025-05-30	62.45	28.88	64	67	100
2025-06-06	60.04	8.13	54	33	100
2025-06-13	60.47	13.1	57	50	100
2025-06-20	61.29	31.12	66	60	100
2025-06-27	60.83	9.08	55	33	100
2025-07-04	60.12	5.24	53	20	100
2025-07-11	60.78	13.35	57	50	100
2025-07-18	63.59	40.88	70	100	100
2025-07-25	62.99	31.54	66	100	100
2025-08-01	58.00	3.19	52	0	100
2025-08-08	54.48	-33.51	33	60	100
2025-08-15	54.19	-27.0	37	60	100
2025-08-22	55.98	-12.44	44	33	100
2025-08-29	54.48	-48.52	26	67	100
2025-09-05	54.26	-31.33	34	50	100
2025-09-12	54.32	-34.58	33	60	100
2025-09-19	54.59	-29.25	35	33	100
2025-09-26	54.71	-34.16	33	50	100
2025-10-03	54.46	-50.08	25	60	100
2025-10-10	55.42	-24.24	38	20	100
2025-10-17	55.63	-26.48	37	20	100
2025-10-24	53.67	-48.0	26	67	100
2025-10-31	51.00	-46.2	27	67	100
2025-11-07	50.22	-36.25	32	33	100
2025-11-14	49.28	-45.17	27	60	100
2025-11-21	50.17	-36.55	32	33	100
2025-11-28	49.72	-41.19	29	60	100
2025-12-05	49.09	-44.67	28	67	100
2025-12-12	47.51	-55.63	22	67	100
2025-12-19	49.95	-21.0	40	33	100
2025-12-26	48.94	-43.44	28	67	100
2026-01-02	47.98	-51.65	24	67	100
2026-01-09	48.70	-17.72	41	20	100
2026-01-16	50.44	-25.25	37	20	100
2026-01-23	50.37	-25.41	37	50	100
2026-01-30	49.96	-22.16	39	20	100
2026-02-06	51.69	-9.77	45	33	100
2026-02-13	52.81	-3.98	48	33	100
2026-02-20	50.19	-26.27	37	20	100
2026-02-27	51.92	0.28	50	33	100
2026-03-06	50.72	-12.49	44	20	100
2026-03-13	46.91	-34.51	33	33	100
2026-03-20	49.64	-12.03	44	0	100
2026-03-27	50.04	-11.56	44	20	100
2026-04-03	48.84	-19.11	40	33	100
2026-04-10	49.51	-10.95	45	0	100
2026-04-17	47.08	-35.85	32	60	100
2026-04-24	47.35	-27.61	36	60	100
2026-05-01	50.56	-10.09	45	0	100
2026-05-08	49.83	-18.81	41	50	100
2026-05-15	50.68	-9.1	45	20	100
2026-05-22	51.37	-3.82	48	50	100
2026-05-29	51.51	8.22	54	50	100
2026-06-05	53.71	25.71	63	60	100
2026-06-12	54.67	32.88	66	60	100
2026-06-19	51.72	20.38	60	60	100
2026-06-26	55.04	43.43	72	67	100
2026-07-03	52.00	21.16	61	60	100
2026-07-10	49.83	2.1	51	20	100
2026-07-17	52.64	34.08	67	67	100
2026-07-24	51.04	15.02	58	60	100
2026-07-31	52.55	18.1	59	33	100
2026-08-07	53.30	39.22	70	100	100
2026-08-14	55.38	55.85	78	100	100
2026-08-21	55.38	54.99	77	100	100
2026-08-28	54.05	41.65	71	100	100
2026-09-04	52.10	12.49	56	33	100
2026-09-11	53.05	34.85	67	60	100
2026-09-18	55.50	48.98	74	100	100
2026-09-25	55.44	55.77	78	100	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

Green is supportive, rose is cautious.
Grey means the reading is unavailable.

Reading	3 Apr	10 Apr	17 Apr	24 Apr	1 May	8 May	15 May	22 May	29 May	5 Jun	12 Jun	19 Jun	26 Jun	3 Jul	10 Jul	17 Jul	24 Jul	31 Jul	7 Aug	14 Aug	21 Aug	28 Aug	4 Sep	11 Sep	18 Sep	25 Sep
Trend	17	22	10	12	36	31	39	45	81	92	94	80	94	80	62	83	71	81	85	93	92	86	73	80	91	91
Momentum	51	65	41	40	60	50	60	66	55	69	77	60	75	58	48	72	56	66	78	78	81	72	56	53	69	68
Underlying pressure	51	53	50	42	44	41	44	60	71	81	87	90	92	90	84	81	69	66	71	79	84	84	80	71	66	69
Price & volume	50	54	17	51	57	50	57	48	50	53	52	46	71	49	26	67	49	41	51	54	50	45	28	100	85	99
Relative strength	1	1	0	1	2	3	6	8	11	29	33	23	37	20	10	30	23	28	47	76	69	51	21	25	47	52
Modeled Trend	60	60	61	61	60	59	59	59	61	63	67	70	75	74	78	81	83	85	87	88	88	88	88	88	88	88

Each cell is a finished component score from 0–100. Components can disagree even when the combined reading stays positive.

STRONGEST CURRENT SOURCE

Price & volume

99/100

LEAST SUPPORTIVE SOURCE

Relative strength

52/100

WHAT WOULD CHANGE THE READ?

Three paths to keep in view

Conditional research scenarios.
No assumed price target or timing.

Continuation

Price and evidence stay together

Look for the current direction to hold across trend, pressure and relative strength. A rising price with weaker EMD is a less convincing continuation.

Change of direction

Watch for loss of support

If price keeps rising while EMD falls, inspect which readings are weakening. Broad deterioration matters more than a single soft week.

Cycle context

A range extreme is a location

An upper zone can persist during a strong advance; a lower zone can persist during a decline. Use departures, EMD direction and the related price charts together.

EARLIER COMPARABLE READINGS

What followed similar conditions?

Same ticker · similar score and direction of change.
Returns exclude costs and dividends.

4 WEEKS LATER-2.5%

Median price return · 10 non-overlapping examples

Observed range: -14.8% to +8.2%
Positive returns: 30%
All-period comparison: -0.9% median

13 WEEKS LATER-2.4%

Median price return · 5 non-overlapping examples

Observed range: -12.5% to +7.3%
Positive returns: 40%
All-period comparison: -0.0% median

How these comparisons are selected

Earlier observations must have the same constructive/fading/repair/deterioration condition, a score within ten points of today’s score and at least the same component coverage. The first 30 observations are omitted for warm-up; examples are spaced by the forward horizon to avoid overlap. Gapped return windows are excluded. The all-period comparison uses the same available history and spacing, without matching the current state. These are reconstructed observations, not a point-in-time strategy backtest or a forecast.

RECENT CYCLE HISTORY

How the current reading developed

22 May 2026Up-cycle confirmedBRL 51.37

10 Oct 2025Up-cycle confirmedBRL 55.42

15 Aug 2025Lower cycle zone confirmedBRL 54.19

8 Aug 2025Down-cycle confirmedBRL 54.48

25 Apr 2025Down-cycle confirmedBRL 60.52

7 Mar 2025Upper cycle zone confirmedBRL 64.52

21 Feb 2025Up-cycle confirmedBRL 59.28

31 Jan 2025Lower cycle zone confirmedBRL 54.00

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Cycle states use trailing completed-week observations.

Lower zone

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

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.

Upper zone

Price establishes residence near the top of its long-cycle range. A high range position can persist. Watch EMD for exhaustion and loss of support before interpreting it as a turn.

Downward journey

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

CURRENT READINGS