CPH ยท EQUITY ยท ENHANCED MARKET DYNAMICS

SPG

SP Group A/S

DK ยท Basic Materials ยท Specialty Chemicals

EMD SCORE87/100

CURRENT COMPLETED-WEEK READ

Strongly constructive

The latest completed-week readings are broadly supportive. Conditions remain positive, but momentum has eased.

Constructive fade100% directional agreement100% evidence confidence
Completed week
28 Aug 2026
Latest close
DKK 487.00
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 DKK +100+500-50-100 506.29326.22146.15 8 Sep 2023 ยท EMD 37/100 ยท close 199.35 15 Sep 2023 ยท EMD 36/100 ยท close 199.83 22 Sep 2023 ยท EMD 32/100 ยท close 195.99 29 Sep 2023 ยท EMD 39/100 ยท close 195.03 6 Oct 2023 ยท EMD 39/100 ยท close 207.04 13 Oct 2023 ยท EMD 44/100 ยท close 211.36 20 Oct 2023 ยท EMD 38/100 ยท close 201.76 27 Oct 2023 ยท EMD 37/100 ยท close 193.11 3 Nov 2023 ยท EMD 40/100 ยท close 194.55 10 Nov 2023 ยท EMD 33/100 ยท close 185.42 17 Nov 2023 ยท EMD 34/100 ยท close 185.81 24 Nov 2023 ยท EMD 40/100 ยท close 187.34 1 Dec 2023 ยท EMD 40/100 ยท close 193.11 8 Dec 2023 ยท EMD 37/100 ยท close 191.38 15 Dec 2023 ยท EMD 47/100 ยท close 204.16 22 Dec 2023 ยท EMD 46/100 ยท close 206.56 29 Dec 2023 ยท EMD 48/100 ยท close 209.92 5 Jan 2024 ยท EMD 43/100 ยท close 199.83 12 Jan 2024 ยท EMD 34/100 ยท close 188.50 19 Jan 2024 ยท EMD 32/100 ยท close 175.82 26 Jan 2024 ยท EMD 36/100 ยท close 181.96 2 Feb 2024 ยท EMD 31/100 ยท close 178.70 9 Feb 2024 ยท EMD 29/100 ยท close 174.85 16 Feb 2024 ยท EMD 35/100 ยท close 174.85 23 Feb 2024 ยท EMD 29/100 ยท close 173.32 1 Mar 2024 ยท EMD 36/100 ยท close 178.89 8 Mar 2024 ยท EMD 26/100 ยท close 170.05 15 Mar 2024 ยท EMD 27/100 ยท close 165.44 22 Mar 2024 ยท EMD 50/100 ยท close 197.91 29 Mar 2024 ยท EMD 52/100 ยท close 208.48 5 Apr 2024 ยท EMD 64/100 ยท close 220.01 12 Apr 2024 ยท EMD 54/100 ยท close 208.00 19 Apr 2024 ยท EMD 53/100 ยท close 200.79 26 Apr 2024 ยท EMD 62/100 ยท close 207.52 3 May 2024 ยท EMD 58/100 ยท close 202.16 10 May 2024 ยท EMD 65/100 ยท close 208.49 17 May 2024 ยท EMD 71/100 ยท close 220.19 24 May 2024 ยท EMD 83/100 ยท close 238.70 31 May 2024 ยท EMD 93/100 ยท close 262.08 7 Jun 2024 ยท EMD 89/100 ยท close 260.13 14 Jun 2024 ยท EMD 87/100 ยท close 262.08 21 Jun 2024 ยท EMD 82/100 ยท close 265.00 28 Jun 2024 ยท EMD 78/100 ยท close 251.36 5 Jul 2024 ยท EMD 85/100 ยท close 259.16 12 Jul 2024 ยท EMD 82/100 ยท close 253.31 19 Jul 2024 ยท EMD 80/100 ยท close 248.93 26 Jul 2024 ยท EMD 79/100 ยท close 243.08 2 Aug 2024 ยท EMD 65/100 ยท close 225.54 9 Aug 2024 ยท EMD 67/100 ยท close 220.67 16 Aug 2024 ยท EMD 54/100 ยท close 222.13 23 Aug 2024 ยท EMD 85/100 ยท close 259.16 30 Aug 2024 ยท EMD 88/100 ยท close 288.87 6 Sep 2024 ยท EMD 74/100 ยท close 285.46 13 Sep 2024 ยท EMD 92/100 ยท close 314.69 20 Sep 2024 ยท EMD 86/100 ยท close 318.10 27 Sep 2024 ยท EMD 90/100 ยท close 330.28 4 Oct 2024 ยท EMD 82/100 ยท close 315.18 11 Oct 2024 ยท EMD 86/100 ยท close 321.02 18 Oct 2024 ยท EMD 82/100 ยท close 306.41 25 Oct 2024 ยท EMD 77/100 ยท close 311.77 1 Nov 2024 ยท EMD 78/100 ยท close 304.46 8 Nov 2024 ยท EMD 74/100 ยท close 292.28 15 Nov 2024 ยท EMD 84/100 ยท close 302.02 22 Nov 2024 ยท EMD 84/100 ยท close 318.10 29 Nov 2024 ยท EMD 69/100 ยท close 295.69 6 Dec 2024 ยท EMD 78/100 ยท close 304.46 13 Dec 2024 ยท EMD 72/100 ยท close 294.23 20 Dec 2024 ยท EMD 65/100 ยท close 288.38 27 Dec 2024 ยท EMD 69/100 ยท close 301.05 3 Jan 2025 ยท EMD 66/100 ยท close 300.08 10 Jan 2025 ยท EMD 56/100 ยท close 276.21 17 Jan 2025 ยท EMD 65/100 ยท close 284.49 24 Jan 2025 ยท EMD 59/100 ยท close 286.92 31 Jan 2025 ยท EMD 66/100 ยท close 297.15 7 Feb 2025 ยท EMD 71/100 ยท close 304.95 14 Feb 2025 ยท EMD 72/100 ยท close 308.36 21 Feb 2025 ยท EMD 72/100 ยท close 310.31 28 Feb 2025 ยท EMD 71/100 ยท close 304.95 7 Mar 2025 ยท EMD 77/100 ยท close 318.59 14 Mar 2025 ยท EMD 78/100 ยท close 319.07 21 Mar 2025 ยท EMD 62/100 ยท close 305.43 28 Mar 2025 ยท EMD 60/100 ยท close 301.54 4 Apr 2025 ยท EMD 44/100 ยท close 246.00 11 Apr 2025 ยท EMD 49/100 ยท close 244.54 18 Apr 2025 ยท EMD 47/100 ยท close 258.67 25 Apr 2025 ยท EMD 46/100 ยท close 259.19 2 May 2025 ยท EMD 47/100 ยท close 267.10 9 May 2025 ยท EMD 47/100 ยท close 271.06 16 May 2025 ยท EMD 52/100 ยท close 290.35 23 May 2025 ยท EMD 60/100 ยท close 303.70 30 May 2025 ยท EMD 55/100 ยท close 303.21 6 Jun 2025 ยท EMD 60/100 ยท close 303.70 13 Jun 2025 ยท EMD 56/100 ยท close 302.22 20 Jun 2025 ยท EMD 54/100 ยท close 298.26 27 Jun 2025 ยท EMD 67/100 ยท close 309.14 4 Jul 2025 ยท EMD 72/100 ยท close 314.09 11 Jul 2025 ยท EMD 52/100 ยท close 286.89 18 Jul 2025 ยท EMD 61/100 ยท close 288.37 25 Jul 2025 ยท EMD 71/100 ยท close 302.22 1 Aug 2025 ยท EMD 41/100 ยท close 261.17 8 Aug 2025 ยท EMD 48/100 ยท close 267.60 15 Aug 2025 ยท EMD 45/100 ยท close 267.60 22 Aug 2025 ยท EMD 43/100 ยท close 268.09 29 Aug 2025 ยท EMD 44/100 ยท close 269.57 5 Sep 2025 ยท EMD 51/100 ยท close 283.42 12 Sep 2025 ยท EMD 46/100 ยท close 276.99 19 Sep 2025 ยท EMD 46/100 ยท close 277.49 26 Sep 2025 ยท EMD 40/100 ยท close 267.60 3 Oct 2025 ยท EMD 45/100 ยท close 277.49 10 Oct 2025 ยท EMD 36/100 ยท close 268.09 17 Oct 2025 ยท EMD 42/100 ยท close 269.57 24 Oct 2025 ยท EMD 50/100 ยท close 282.93 31 Oct 2025 ยท EMD 53/100 ยท close 288.86 7 Nov 2025 ยท EMD 45/100 ยท close 271.55 14 Nov 2025 ยท EMD 42/100 ยท close 269.08 21 Nov 2025 ยท EMD 48/100 ยท close 270.56 28 Nov 2025 ยท EMD 49/100 ยท close 278.97 5 Dec 2025 ยท EMD 54/100 ยท close 287.88 12 Dec 2025 ยท EMD 56/100 ยท close 288.37 19 Dec 2025 ยท EMD 76/100 ยท close 319.53 26 Dec 2025 ยท EMD 76/100 ยท close 328.93 2 Jan 2026 ยท EMD 84/100 ยท close 341.30 9 Jan 2026 ยท EMD 85/100 ยท close 351.19 16 Jan 2026 ยท EMD 87/100 ยท close 364.54 23 Jan 2026 ยท EMD 87/100 ยท close 365.53 30 Jan 2026 ยท EMD 85/100 ยท close 362.07 6 Feb 2026 ยท EMD 88/100 ยท close 368.50 13 Feb 2026 ยท EMD 80/100 ยท close 362.07 20 Feb 2026 ยท EMD 92/100 ยท close 390.26 27 Feb 2026 ยท EMD 87/100 ยท close 386.31 6 Mar 2026 ยท EMD 82/100 ยท close 374.93 13 Mar 2026 ยท EMD 79/100 ยท close 359.60 20 Mar 2026 ยท EMD 74/100 ยท close 345.25 27 Mar 2026 ยท EMD 77/100 ยท close 355.14 3 Apr 2026 ยท EMD 76/100 ยท close 361.08 10 Apr 2026 ยท EMD 80/100 ยท close 381.86 17 Apr 2026 ยท EMD 74/100 ยท close 367.02 24 Apr 2026 ยท EMD 68/100 ยท close 353.66 1 May 2026 ยท EMD 75/100 ยท close 371.00 8 May 2026 ยท EMD 79/100 ยท close 394.00 15 May 2026 ยท EMD 79/100 ยท close 394.50 22 May 2026 ยท EMD 87/100 ยท close 407.50 29 May 2026 ยท EMD 82/100 ยท close 418.50 5 Jun 2026 ยท EMD 84/100 ยท close 417.50 12 Jun 2026 ยท EMD 84/100 ยท close 425.00 19 Jun 2026 ยท EMD 84/100 ยท close 427.50 26 Jun 2026 ยท EMD 79/100 ยท close 404.00 3 Jul 2026 ยท EMD 82/100 ยท close 424.00 10 Jul 2026 ยท EMD 89/100 ยท close 452.50 17 Jul 2026 ยท EMD 86/100 ยท close 473.00 24 Jul 2026 ยท EMD 87/100 ยท close 465.00 31 Jul 2026 ยท EMD 89/100 ยท close 474.50 7 Aug 2026 ยท EMD 86/100 ยท close 472.00 14 Aug 2026 ยท EMD 85/100 ยท close 470.00 21 Aug 2026 ยท EMD 89/100 ยท close 480.00 28 Aug 2026 ยท EMD 87/100 ยท close 487.00 15 Dec 2023 ยท Up-cycle confirmed ยท close 204.16 22 Mar 2024 ยท Up-cycle confirmed ยท close 197.91 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 96%Current EMD +74.74-week EMD change -4.2156-week price range DKK 165.44โ€“487.00

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

94/1001.47

Strengthening beneath price
4-week change +0.35

02

Trend and deviation

99/100+19.1% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

80/1004w +2.6% ยท 13w +16.4%

Momentum is supportive
SMI 0.99

04

Price-volume pressure

62/10062% constructive pressure

Volume is confirming the close
Volume ratio 3.80x

05

Relative leadership

98/10024.33

Leadership is supportive
4-week change -6.79

06

Modeled Trend

91/100Modeled Trend 0.92

Modeled Trend is supportive
Smoothed Modeled Trend 0.83

Evidence context