GER ยท EQUITY ยท ENHANCED MARKET DYNAMICS

DEF

DEFAMA Deutsche Fachmarkt AG

DE ยท Real Estate ยท Real Estate Services

EMD SCORE25/100

CURRENT COMPLETED-WEEK READ

Defensive

The latest completed-week readings are broadly cautious. Conditions remain cautious, although the latest readings are improving.

Early repair67% directional agreement89% evidence confidence
Completed week
28 Aug 2026
Latest close
EUR 19.85
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

1 supportive ยท 5 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 31.4725.2218.96 8 Sep 2023 ยท EMD 46/100 ยท close 20.21 15 Sep 2023 ยท EMD 53/100 ยท close 21.07 22 Sep 2023 ยท EMD 51/100 ยท close 20.69 29 Sep 2023 ยท EMD 50/100 ยท close 20.11 6 Oct 2023 ยท EMD 43/100 ยท close 19.83 13 Oct 2023 ยท EMD 48/100 ยท close 20.59 20 Oct 2023 ยท EMD 47/100 ยท close 20.30 27 Oct 2023 ยท EMD 47/100 ยท close 20.11 3 Nov 2023 ยท EMD 41/100 ยท close 20.02 10 Nov 2023 ยท EMD 40/100 ยท close 19.63 17 Nov 2023 ยท EMD 45/100 ยท close 20.30 24 Nov 2023 ยท EMD 52/100 ยท close 20.97 1 Dec 2023 ยท EMD 49/100 ยท close 20.78 8 Dec 2023 ยท EMD 77/100 ยท close 23.18 15 Dec 2023 ยท EMD 75/100 ยท close 23.18 22 Dec 2023 ยท EMD 77/100 ยท close 23.37 29 Dec 2023 ยท EMD 74/100 ยท close 23.18 5 Jan 2024 ยท EMD 83/100 ยท close 24.61 12 Jan 2024 ยท EMD 78/100 ยท close 23.75 19 Jan 2024 ยท EMD 79/100 ยท close 23.66 26 Jan 2024 ยท EMD 82/100 ยท close 24.23 2 Feb 2024 ยท EMD 80/100 ยท close 24.33 9 Feb 2024 ยท EMD 79/100 ยท close 24.14 16 Feb 2024 ยท EMD 85/100 ยท close 25.00 23 Feb 2024 ยท EMD 75/100 ยท close 24.71 1 Mar 2024 ยท EMD 83/100 ยท close 25.00 8 Mar 2024 ยท EMD 73/100 ยท close 24.14 15 Mar 2024 ยท EMD 69/100 ยท close 23.85 22 Mar 2024 ยท EMD 58/100 ยท close 22.99 29 Mar 2024 ยท EMD 53/100 ยท close 22.79 5 Apr 2024 ยท EMD 52/100 ยท close 22.79 12 Apr 2024 ยท EMD 55/100 ยท close 23.18 19 Apr 2024 ยท EMD 52/100 ยท close 22.79 26 Apr 2024 ยท EMD 64/100 ยท close 24.33 3 May 2024 ยท EMD 72/100 ยท close 24.90 10 May 2024 ยท EMD 67/100 ยท close 24.52 17 May 2024 ยท EMD 62/100 ยท close 24.33 24 May 2024 ยท EMD 55/100 ยท close 23.94 31 May 2024 ยท EMD 66/100 ยท close 24.52 7 Jun 2024 ยท EMD 75/100 ยท close 25.09 14 Jun 2024 ยท EMD 71/100 ยท close 24.90 21 Jun 2024 ยท EMD 77/100 ยท close 25.48 28 Jun 2024 ยท EMD 77/100 ยท close 25.67 5 Jul 2024 ยท EMD 75/100 ยท close 25.67 12 Jul 2024 ยท EMD 75/100 ยท close 25.83 19 Jul 2024 ยท EMD 73/100 ยท close 25.44 26 Jul 2024 ยท EMD 76/100 ยท close 26.03 2 Aug 2024 ยท EMD 80/100 ยท close 26.23 9 Aug 2024 ยท EMD 70/100 ยท close 25.64 16 Aug 2024 ยท EMD 68/100 ยท close 25.44 23 Aug 2024 ยท EMD 74/100 ยท close 25.83 30 Aug 2024 ยท EMD 68/100 ยท close 25.83 6 Sep 2024 ยท EMD 76/100 ยท close 26.42 13 Sep 2024 ยท EMD 73/100 ยท close 26.42 20 Sep 2024 ยท EMD 72/100 ยท close 26.42 27 Sep 2024 ยท EMD 75/100 ยท close 26.81 4 Oct 2024 ยท EMD 76/100 ยท close 27.01 11 Oct 2024 ยท EMD 75/100 ยท close 27.01 18 Oct 2024 ยท EMD 74/100 ยท close 27.20 25 Oct 2024 ยท EMD 76/100 ยท close 27.40 1 Nov 2024 ยท EMD 77/100 ยท close 27.60 8 Nov 2024 ยท EMD 76/100 ยท close 27.40 15 Nov 2024 ยท EMD 78/100 ยท close 27.60 22 Nov 2024 ยท EMD 83/100 ยท close 28.57 29 Nov 2024 ยท EMD 72/100 ยท close 28.77 6 Dec 2024 ยท EMD 75/100 ยท close 28.18 13 Dec 2024 ยท EMD 62/100 ยท close 27.60 20 Dec 2024 ยท EMD 60/100 ยท close 27.20 27 Dec 2024 ยท EMD 67/100 ยท close 27.60 3 Jan 2025 ยท EMD 61/100 ยท close 27.60 10 Jan 2025 ยท EMD 51/100 ยท close 26.81 17 Jan 2025 ยท EMD 57/100 ยท close 27.60 24 Jan 2025 ยท EMD 60/100 ยท close 28.18 31 Jan 2025 ยท EMD 61/100 ยท close 27.99 7 Feb 2025 ยท EMD 57/100 ยท close 27.60 14 Feb 2025 ยท EMD 56/100 ยท close 27.40 21 Feb 2025 ยท EMD 50/100 ยท close 27.01 28 Feb 2025 ยท EMD 54/100 ยท close 27.60 7 Mar 2025 ยท EMD 36/100 ยท close 26.62 14 Mar 2025 ยท EMD 40/100 ยท close 26.23 21 Mar 2025 ยท EMD 44/100 ยท close 26.81 28 Mar 2025 ยท EMD 46/100 ยท close 27.20 4 Apr 2025 ยท EMD 33/100 ยท close 25.44 11 Apr 2025 ยท EMD 38/100 ยท close 25.44 18 Apr 2025 ยท EMD 44/100 ยท close 26.42 25 Apr 2025 ยท EMD 38/100 ยท close 26.23 2 May 2025 ยท EMD 34/100 ยท close 25.44 9 May 2025 ยท EMD 31/100 ยท close 25.25 16 May 2025 ยท EMD 33/100 ยท close 25.44 23 May 2025 ยท EMD 39/100 ยท close 26.23 30 May 2025 ยท EMD 41/100 ยท close 27.01 6 Jun 2025 ยท EMD 43/100 ยท close 27.20 13 Jun 2025 ยท EMD 41/100 ยท close 26.23 20 Jun 2025 ยท EMD 48/100 ยท close 27.20 27 Jun 2025 ยท EMD 46/100 ยท close 26.62 4 Jul 2025 ยท EMD 48/100 ยท close 27.20 11 Jul 2025 ยท EMD 50/100 ยท close 27.40 18 Jul 2025 ยท EMD 59/100 ยท close 27.40 25 Jul 2025 ยท EMD 57/100 ยท close 28.00 1 Aug 2025 ยท EMD 60/100 ยท close 27.80 8 Aug 2025 ยท EMD 58/100 ยท close 27.80 15 Aug 2025 ยท EMD 66/100 ยท close 27.80 22 Aug 2025 ยท EMD 63/100 ยท close 27.80 29 Aug 2025 ยท EMD 73/100 ยท close 29.20 5 Sep 2025 ยท EMD 72/100 ยท close 29.60 12 Sep 2025 ยท EMD 79/100 ยท close 30.20 19 Sep 2025 ยท EMD 70/100 ยท close 29.80 26 Sep 2025 ยท EMD 78/100 ยท close 29.80 3 Oct 2025 ยท EMD 78/100 ยท close 30.20 10 Oct 2025 ยท EMD 74/100 ยท close 30.00 17 Oct 2025 ยท EMD 75/100 ยท close 29.80 24 Oct 2025 ยท EMD 68/100 ยท close 29.20 31 Oct 2025 ยท EMD 73/100 ยท close 29.60 7 Nov 2025 ยท EMD 78/100 ยท close 30.80 14 Nov 2025 ยท EMD 71/100 ยท close 29.80 21 Nov 2025 ยท EMD 53/100 ยท close 27.80 28 Nov 2025 ยท EMD 55/100 ยท close 28.00 5 Dec 2025 ยท EMD 52/100 ยท close 28.20 12 Dec 2025 ยท EMD 45/100 ยท close 28.00 19 Dec 2025 ยท EMD 46/100 ยท close 28.00 26 Dec 2025 ยท EMD 47/100 ยท close 28.00 2 Jan 2026 ยท EMD 42/100 ยท close 27.80 9 Jan 2026 ยท EMD 47/100 ยท close 28.20 16 Jan 2026 ยท EMD 44/100 ยท close 28.00 23 Jan 2026 ยท EMD 44/100 ยท close 27.80 30 Jan 2026 ยท EMD 47/100 ยท close 27.80 6 Feb 2026 ยท EMD 42/100 ยท close 27.80 13 Feb 2026 ยท EMD 45/100 ยท close 28.00 20 Feb 2026 ยท EMD 35/100 ยท close 27.00 27 Feb 2026 ยท EMD 45/100 ยท close 27.60 6 Mar 2026 ยท EMD 36/100 ยท close 26.40 13 Mar 2026 ยท EMD 41/100 ยท close 26.60 20 Mar 2026 ยท EMD 36/100 ยท close 25.60 27 Mar 2026 ยท EMD 34/100 ยท close 25.00 3 Apr 2026 ยท EMD 23/100 ยท close 24.20 10 Apr 2026 ยท EMD 33/100 ยท close 24.80 17 Apr 2026 ยท EMD 36/100 ยท close 25.30 24 Apr 2026 ยท EMD 37/100 ยท close 25.20 1 May 2026 ยท EMD 29/100 ยท close 24.70 8 May 2026 ยท EMD 24/100 ยท close 24.00 15 May 2026 ยท EMD 34/100 ยท close 24.70 22 May 2026 ยท EMD 28/100 ยท close 24.50 29 May 2026 ยท EMD 25/100 ยท close 23.90 5 Jun 2026 ยท EMD 28/100 ยท close 23.80 12 Jun 2026 ยท EMD 26/100 ยท close 23.15 19 Jun 2026 ยท EMD 26/100 ยท close 23.15 26 Jun 2026 ยท EMD 28/100 ยท close 23.05 3 Jul 2026 ยท EMD 27/100 ยท close 22.86 10 Jul 2026 ยท EMD 19/100 ยท close 22.37 17 Jul 2026 ยท EMD 36/100 ยท close 23.20 24 Jul 2026 ยท EMD 36/100 ยท close 22.40 31 Jul 2026 ยท EMD 24/100 ยท close 22.40 7 Aug 2026 ยท EMD 38/100 ยท close 22.90 14 Aug 2026 ยท EMD 25/100 ยท close 22.10 21 Aug 2026 ยท EMD 24/100 ยท close 20.30 28 Aug 2026 ยท EMD 25/100 ยท close 19.85 8 Dec 2023 ยท Up-cycle confirmed ยท close 23.18 21 Nov 2025 ยท Down-cycle confirmed ยท close 27.80 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 7%Current EMD -49.94-week EMD change +1.3156-week price range EUR 19.63โ€“30.80

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

19/100-0.61

Cautious pressure beneath price
4-week change +0.12

02

Trend and deviation

1/100-18.1% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

25/1004w -11.4% ยท 13w -16.9%

Momentum is applying downside pressure
SMI 0.01

04

Price-volume pressure

29/10029% constructive pressure

Volume is leaning against the close
Volume ratio 2.62x

05

Relative leadership

1/100-30.52

The ticker is lagging its benchmark
4-week change -9.78

06

Modeled Trend

61/100Modeled Trend 0.18

Modeled Trend is supportive
Smoothed Modeled Trend 0.13

Evidence context