EMD screener / BSP / Weekly research

NASDAQ ยท EQUITY ยท ENHANCED MARKET DYNAMICS

BSP

Bending Spoons S.p.A. Ordinary Shares

US ยท Technology ยท Software - Application

EMD SCORE50/100

CURRENT COMPLETED-WEEK READ

Balanced

Constructive and cautious evidence are close enough to require confirmation. Conditions remain cautious, although the latest readings are improving.

Early repair50% directional agreement73/100 evidence quality5/6 sources available
Completed week
9 Oct 2026
Latest close
USD 38.01
Evidence
15 weeks
Four-week EMD change+9.4 pts

signed chart scale โˆ’100 to +100

Four-week price-2.0%

completed closing prices

Current directional run6 weeks

on the same side of EMD zero

Recent consistency2/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

2 supportive ยท 1 cautious

Enhanced Market Dynamics and the price cycle15 completed weeks ยท bars use the left EMD axis; price uses the right axis.
3 Jul 2026โ€“9 Oct 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท USD +100+500-50-100 45.2038.2431.28 3 Jul 2026 ยท EMD 23/100 ยท close 35.93 10 Jul 2026 ยท EMD 35/100 ยท close 32.91 17 Jul 2026 ยท EMD 39/100 ยท close 32.40 24 Jul 2026 ยท EMD 44/100 ยท close 34.06 31 Jul 2026 ยท EMD 44/100 ยท close 35.20 7 Aug 2026 ยท EMD 50/100 ยท close 44.45 14 Aug 2026 ยท EMD 45/100 ยท close 39.31 21 Aug 2026 ยท EMD 51/100 ยท close 41.35 28 Aug 2026 ยท EMD 51/100 ยท close 43.59 4 Sep 2026 ยท EMD 41/100 ยท close 39.58 11 Sep 2026 ยท EMD 45/100 ยท close 38.77 18 Sep 2026 ยท EMD 40/100 ยท close 38.08 25 Sep 2026 ยท EMD 39/100 ยท close 33.25 2 Oct 2026 ยท EMD 40/100 ยท close 32.03 9 Oct 2026 ยท EMD 50/100 ยท close 38.01 31 Jul 2026 ยท Up-cycle confirmed ยท close 35.20 14 Aug 2026 ยท Down-cycle confirmed ยท close 39.31 4 Sep 2026 ยท Down-cycle confirmed ยท close 39.58 9 Oct 2026 ยท Up-cycle confirmed ยท close 38.01 3 Jul 202621 Aug 20269 Oct 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 50%Current EMD -0.14-week EMD change +9.4Full saved history price range USD 32.03โ€“44.45
View chart values ยท 15 observations
WeekClose ยท USDEMD โˆ’100 to +100Score /100Agreement %Coverage %
2026-07-0335.93-54.252310033
2026-07-1032.91-30.09353350
2026-07-1732.40-21.4639050
2026-07-2434.06-12.7344083
2026-07-3135.20-11.07443383
2026-08-0744.45-0.7505083
2026-08-1439.31-10.2645083
2026-08-2141.352.21515083
2026-08-2843.591.23513383
2026-09-0439.58-18.96415083
2026-09-1138.77-9.4845083
2026-09-1838.08-19.15405083
2026-09-2533.25-21.73395083
2026-10-0232.03-19.92405083
2026-10-0938.01-0.06505083

SIX SOURCES ยท LAST 26 OBSERVATIONS

Is support broadening or thinning?

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

Reading3 Jul10 Jul17 Jul24 Jul31 Jul7 Aug14 Aug21 Aug28 Aug4 Sep11 Sep18 Sep25 Sep2 Oct9 Oct
Trend000000000000000
Momentumโ€”โ€”โ€”504577777778304834252658
Underlying pressureโ€”โ€”โ€”505050505050505050505050
Price & volume463849496460185750444533313357
Relative strengthโ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
Modeled Trendโ€”5656575761707376717578808284

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

STRONGEST CURRENT SOURCE

Modeled Trend

84/100
LEAST SUPPORTIVE SOURCE

Trend

0/100

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

Further price weakness alongside cautious trend, pressure and relative strength would support the current defensive read.

Change of direction

Repair needs follow-through

Improving EMD while price still falls is an early observation. A turn in price and broader agreement would strengthen a repair case.

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 ยท similar score and direction of change.
Returns exclude costs and dividends.

4 WEEKS LATER

Too few comparisons

0 non-overlapping examples. At least three are needed to display a summary.

13 WEEKS LATER

Too few comparisons

0 non-overlapping examples. At least three are needed to display a summary.

How these comparisons are selected

Earlier observations must have the same constructive/fading/repair/deterioration condition, a score within ten points of todayโ€™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.

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Cycle states use trailing completed-week observations.

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. A high range position can persist. Watch EMD for exhaustion and loss of support before interpreting it as a turn.

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

50/1000.00
0 ยท cautious100 ยท constructive

Strengthening beneath price
4-week change +0.00

02

Trend and deviation

0/100โ€”% vs Trend Line
0 ยท cautious100 ยท constructive

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

58/1004w -2.0% ยท 13w +15.5%
0 ยท cautious100 ยท constructive

Momentum is supportive
SMI 0.04

04

Price-volume pressure

57/10057% constructive pressure
0 ยท cautious100 ยท constructive

Volume is confirming the close
Volume ratio 1.77x

05

Modeled Trend

84/100Modeled Trend 0.60
0 ยท cautious100 ยท constructive

Modeled Trend is supportive
Smoothed Modeled Trend 0.67

HOW TO READ EMD

Direction, agreement and depth

History, ranking and limitations

The default screener ranks constructive strength and four-week improvement, adjusted for available sources. Bearish and repair views have their own filters and sorts. Only stored completed weeks are used. Newer source data can revise readings, and different share classes count as separate listings. Volume estimates describe price-volume behaviour, not identified buying or selling. Historical comparisons reconstruct readings from stored data; they are descriptive and do not establish a tested trading edge.

Evidence context