CPH ยท EQUITY ยท ENHANCED MARKET DYNAMICS

HARB-B

Harboes Bryggeri A/S

DK ยท Consumer Defensive ยท Beverages - Brewers

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% evidence confidence
Completed week
28 Aug 2026
Latest close
DKK 132.00
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

5 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 DKK +100+500-50-100 264.86155.9847.11 8 Sep 2023 ยท EMD 40/100 ยท close 66.39 15 Sep 2023 ยท EMD 41/100 ยท close 66.00 22 Sep 2023 ยท EMD 44/100 ยท close 67.37 29 Sep 2023 ยท EMD 51/100 ยท close 70.29 6 Oct 2023 ยท EMD 45/100 ยท close 66.39 13 Oct 2023 ยท EMD 29/100 ยท close 61.12 20 Oct 2023 ยท EMD 37/100 ยท close 61.90 27 Oct 2023 ยท EMD 38/100 ยท close 62.09 3 Nov 2023 ยท EMD 33/100 ยท close 60.73 10 Nov 2023 ยท EMD 41/100 ยท close 60.92 17 Nov 2023 ยท EMD 29/100 ยท close 58.77 24 Nov 2023 ยท EMD 32/100 ยท close 59.55 1 Dec 2023 ยท EMD 52/100 ยท close 66.39 8 Dec 2023 ยท EMD 44/100 ยท close 65.41 15 Dec 2023 ยท EMD 54/100 ยท close 68.54 22 Dec 2023 ยท EMD 44/100 ยท close 65.02 29 Dec 2023 ยท EMD 49/100 ยท close 66.78 5 Jan 2024 ยท EMD 46/100 ยท close 65.22 12 Jan 2024 ยท EMD 47/100 ยท close 65.80 19 Jan 2024 ยท EMD 48/100 ยท close 65.22 26 Jan 2024 ยท EMD 51/100 ยท close 66.19 2 Feb 2024 ยท EMD 43/100 ยท close 64.24 9 Feb 2024 ยท EMD 48/100 ยท close 64.44 16 Feb 2024 ยท EMD 51/100 ยท close 65.41 23 Feb 2024 ยท EMD 51/100 ยท close 65.61 1 Mar 2024 ยท EMD 50/100 ยท close 65.41 8 Mar 2024 ยท EMD 48/100 ยท close 65.41 15 Mar 2024 ยท EMD 78/100 ยท close 76.15 22 Mar 2024 ยท EMD 88/100 ยท close 87.48 29 Mar 2024 ยท EMD 80/100 ยท close 85.13 5 Apr 2024 ยท EMD 92/100 ยท close 87.67 12 Apr 2024 ยท EMD 92/100 ยท close 99.58 19 Apr 2024 ยท EMD 92/100 ยท close 100.07 26 Apr 2024 ยท EMD 95/100 ยท close 119.60 3 May 2024 ยท EMD 92/100 ยท close 120.09 10 May 2024 ยท EMD 92/100 ยท close 130.83 17 May 2024 ยท EMD 81/100 ยท close 128.38 24 May 2024 ยท EMD 94/100 ยท close 141.56 31 May 2024 ยท EMD 83/100 ยท close 144.01 7 Jun 2024 ยท EMD 93/100 ยท close 157.67 14 Jun 2024 ยท EMD 81/100 ยท close 162.56 21 Jun 2024 ยท EMD 89/100 ยท close 165.48 28 Jun 2024 ยท EMD 89/100 ยท close 170.37 5 Jul 2024 ยท EMD 81/100 ยท close 160.11 12 Jul 2024 ยท EMD 79/100 ยท close 155.23 19 Jul 2024 ยท EMD 90/100 ยท close 176.71 26 Jul 2024 ยท EMD 96/100 ยท close 234.31 2 Aug 2024 ยท EMD 81/100 ยท close 199.17 9 Aug 2024 ยท EMD 90/100 ยท close 199.17 16 Aug 2024 ยท EMD 90/100 ยท close 206.98 23 Aug 2024 ยท EMD 83/100 ยท close 209.84 30 Aug 2024 ยท EMD 91/100 ยท close 238.41 6 Sep 2024 ยท EMD 87/100 ยท close 226.59 13 Sep 2024 ยท EMD 89/100 ยท close 242.36 20 Sep 2024 ยท EMD 83/100 ยท close 253.19 27 Sep 2024 ยท EMD 76/100 ยท close 209.84 4 Oct 2024 ยท EMD 75/100 ยท close 195.56 11 Oct 2024 ยท EMD 67/100 ยท close 175.36 18 Oct 2024 ยท EMD 65/100 ยท close 176.35 25 Oct 2024 ยท EMD 53/100 ยท close 156.15 1 Nov 2024 ยท EMD 48/100 ยท close 148.27 8 Nov 2024 ยท EMD 50/100 ยท close 153.20 15 Nov 2024 ยท EMD 47/100 ยท close 157.63 22 Nov 2024 ยท EMD 50/100 ยท close 155.17 29 Nov 2024 ยท EMD 53/100 ยท close 169.94 6 Dec 2024 ยท EMD 52/100 ยท close 172.90 13 Dec 2024 ยท EMD 53/100 ยท close 173.39 20 Dec 2024 ยท EMD 44/100 ยท close 149.75 27 Dec 2024 ยท EMD 45/100 ยท close 150.73 3 Jan 2025 ยท EMD 47/100 ยท close 158.12 10 Jan 2025 ยท EMD 39/100 ยท close 143.84 17 Jan 2025 ยท EMD 38/100 ยท close 137.43 24 Jan 2025 ยท EMD 40/100 ยท close 137.43 31 Jan 2025 ยท EMD 41/100 ยท close 140.88 7 Feb 2025 ยท EMD 35/100 ยท close 136.94 14 Feb 2025 ยท EMD 46/100 ยท close 148.76 21 Feb 2025 ยท EMD 49/100 ยท close 155.66 28 Feb 2025 ยท EMD 58/100 ยท close 173.89 7 Mar 2025 ยท EMD 72/100 ยท close 185.21 14 Mar 2025 ยท EMD 70/100 ยท close 184.72 21 Mar 2025 ยท EMD 68/100 ยท close 191.13 28 Mar 2025 ยท EMD 48/100 ยท close 152.70 4 Apr 2025 ยท EMD 47/100 ยท close 142.36 11 Apr 2025 ยท EMD 59/100 ยท close 152.61 18 Apr 2025 ยท EMD 56/100 ยท close 157.63 25 Apr 2025 ยท EMD 50/100 ยท close 150.26 2 May 2025 ยท EMD 44/100 ยท close 143.62 9 May 2025 ยท EMD 48/100 ยท close 148.57 16 May 2025 ยท EMD 42/100 ยท close 148.57 23 May 2025 ยท EMD 38/100 ยท close 144.82 30 May 2025 ยท EMD 39/100 ยท close 145.81 6 Jun 2025 ยท EMD 40/100 ยท close 150.14 13 Jun 2025 ยท EMD 36/100 ยท close 147.78 20 Jun 2025 ยท EMD 35/100 ยท close 144.43 27 Jun 2025 ยท EMD 35/100 ยท close 141.28 4 Jul 2025 ยท EMD 28/100 ยท close 132.21 11 Jul 2025 ยท EMD 34/100 ยท close 135.36 18 Jul 2025 ยท EMD 33/100 ยท close 138.12 25 Jul 2025 ยท EMD 29/100 ยท close 137.33 1 Aug 2025 ยท EMD 27/100 ยท close 126.30 8 Aug 2025 ยท EMD 27/100 ยท close 127.68 15 Aug 2025 ยท EMD 35/100 ยท close 132.80 22 Aug 2025 ยท EMD 27/100 ยท close 131.03 29 Aug 2025 ยท EMD 32/100 ยท close 132.60 5 Sep 2025 ยท EMD 25/100 ยท close 125.40 12 Sep 2025 ยท EMD 38/100 ยท close 131.20 19 Sep 2025 ยท EMD 46/100 ยท close 139.40 26 Sep 2025 ยท EMD 43/100 ยท close 136.00 3 Oct 2025 ยท EMD 51/100 ยท close 139.40 10 Oct 2025 ยท EMD 46/100 ยท close 135.60 17 Oct 2025 ยท EMD 41/100 ยท close 131.40 24 Oct 2025 ยท EMD 44/100 ยท close 132.20 31 Oct 2025 ยท EMD 43/100 ยท close 130.00 7 Nov 2025 ยท EMD 33/100 ยท close 122.60 14 Nov 2025 ยท EMD 32/100 ยท close 122.40 21 Nov 2025 ยท EMD 31/100 ยท close 120.80 28 Nov 2025 ยท EMD 28/100 ยท close 118.80 5 Dec 2025 ยท EMD 35/100 ยท close 119.80 12 Dec 2025 ยท EMD 39/100 ยท close 125.20 19 Dec 2025 ยท EMD 24/100 ยท close 119.60 26 Dec 2025 ยท EMD 32/100 ยท close 118.80 2 Jan 2026 ยท EMD 36/100 ยท close 119.40 9 Jan 2026 ยท EMD 33/100 ยท close 121.20 16 Jan 2026 ยท EMD 31/100 ยท close 119.00 23 Jan 2026 ยท EMD 38/100 ยท close 119.40 30 Jan 2026 ยท EMD 31/100 ยท close 119.00 6 Feb 2026 ยท EMD 30/100 ยท close 112.80 13 Feb 2026 ยท EMD 30/100 ยท close 112.80 20 Feb 2026 ยท EMD 34/100 ยท close 115.40 27 Feb 2026 ยท EMD 39/100 ยท close 115.80 6 Mar 2026 ยท EMD 37/100 ยท close 113.40 13 Mar 2026 ยท EMD 34/100 ยท close 110.80 20 Mar 2026 ยท EMD 30/100 ยท close 110.00 27 Mar 2026 ยท EMD 29/100 ยท close 103.40 3 Apr 2026 ยท EMD 32/100 ยท close 102.80 10 Apr 2026 ยท EMD 37/100 ยท close 107.60 17 Apr 2026 ยท EMD 36/100 ยท close 112.00 24 Apr 2026 ยท EMD 47/100 ยท close 114.80 1 May 2026 ยท EMD 44/100 ยท close 112.80 8 May 2026 ยท EMD 47/100 ยท close 113.00 15 May 2026 ยท EMD 45/100 ยท close 112.20 22 May 2026 ยท EMD 41/100 ยท close 109.20 29 May 2026 ยท EMD 47/100 ยท close 110.80 5 Jun 2026 ยท EMD 41/100 ยท close 109.80 12 Jun 2026 ยท EMD 44/100 ยท close 111.00 19 Jun 2026 ยท EMD 46/100 ยท close 111.20 26 Jun 2026 ยท EMD 47/100 ยท close 112.00 3 Jul 2026 ยท EMD 46/100 ยท close 110.80 10 Jul 2026 ยท EMD 45/100 ยท close 110.60 17 Jul 2026 ยท EMD 45/100 ยท close 110.20 24 Jul 2026 ยท EMD 49/100 ยท close 110.37 31 Jul 2026 ยท EMD 52/100 ยท close 114.50 7 Aug 2026 ยท EMD 47/100 ยท close 113.13 14 Aug 2026 ยท EMD 58/100 ยท close 115.68 21 Aug 2026 ยท EMD 73/100 ยท close 120.80 28 Aug 2026 ยท EMD 78/100 ยท close 132.00 15 Mar 2024 ยท Up-cycle confirmed ยท close 76.15 27 Sep 2024 ยท Down-cycle confirmed ยท close 209.84 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 64%Current EMD +55.34-week EMD change +51.2156-week price range DKK 58.77โ€“253.19

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

91/1002.02

Strengthening beneath price
4-week change +1.09

02

Trend and deviation

99/100+17.4% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

86/1004w +15.3% ยท 13w +19.1%

Momentum is supportive
SMI 0.34

04

Price-volume pressure

56/10056% constructive pressure

Volume is confirming the close
Volume ratio 11.97x

05

Relative leadership

62/1002.84

Leadership is supportive
4-week change +11.18

06

Modeled Trend

72/100Modeled Trend 0.38

Modeled Trend is supportive
Smoothed Modeled Trend 0.34

Evidence context