TLV ยท ETF ยท ENHANCED MARKET DYNAMICS

HRL-F74

Harel Index Funds Ltd. - Harel Sal (4D) S&P Health Care

IL

EMD SCORE70/100

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 build60% directional agreement87% evidence confidence
Completed week
28 Aug 2026
Latest close
ILA 584,000.00
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

4 supportive ยท 1 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 ILA +100+500-50-100 663,340.00565,900.00468,460.00 8 Sep 2023 ยท EMD 69/100 ยท close 553,500.00 15 Sep 2023 ยท EMD 73/100 ยท close 555,200.00 22 Sep 2023 ยท EMD 65/100 ยท close 547,700.00 29 Sep 2023 ยท EMD 69/100 ยท close 546,000.00 6 Oct 2023 ยท EMD 65/100 ยท close 541,200.00 13 Oct 2023 ยท EMD 78/100 ยท close 567,700.00 20 Oct 2023 ยท EMD 83/100 ยท close 577,500.00 27 Oct 2023 ยท EMD 82/100 ยท close 566,000.00 3 Nov 2023 ยท EMD 70/100 ยท close 548,200.00 10 Nov 2023 ยท EMD 60/100 ยท close 540,200.00 17 Nov 2023 ยท EMD 52/100 ยท close 530,400.00 24 Nov 2023 ยท EMD 54/100 ยท close 534,000.00 1 Dec 2023 ยท EMD 47/100 ยท close 528,500.00 8 Dec 2023 ยท EMD 46/100 ยท close 534,900.00 15 Dec 2023 ยท EMD 58/100 ยท close 551,500.00 22 Dec 2023 ยท EMD 46/100 ยท close 533,500.00 29 Dec 2023 ยท EMD 52/100 ยท close 545,600.00 5 Jan 2024 ยท EMD 56/100 ยท close 559,300.00 12 Jan 2024 ยท EMD 69/100 ยท close 583,200.00 19 Jan 2024 ยท EMD 66/100 ยท close 577,000.00 26 Jan 2024 ยท EMD 70/100 ยท close 574,800.00 2 Feb 2024 ยท EMD 69/100 ยท close 567,700.00 9 Feb 2024 ยท EMD 77/100 ยท close 585,200.00 16 Feb 2024 ยท EMD 68/100 ยท close 577,100.00 23 Feb 2024 ยท EMD 74/100 ยท close 588,100.00 1 Mar 2024 ยท EMD 66/100 ยท close 575,000.00 8 Mar 2024 ยท EMD 68/100 ยท close 576,500.00 15 Mar 2024 ยท EMD 74/100 ยท close 587,100.00 22 Mar 2024 ยท EMD 62/100 ยท close 582,800.00 29 Mar 2024 ยท EMD 77/100 ยท close 603,500.00 5 Apr 2024 ยท EMD 69/100 ยท close 592,800.00 12 Apr 2024 ยท EMD 71/100 ยท close 588,700.00 19 Apr 2024 ยท EMD 68/100 ยท close 580,100.00 26 Apr 2024 ยท EMD 68/100 ยท close 588,400.00 3 May 2024 ยท EMD 57/100 ยท close 577,700.00 10 May 2024 ยท EMD 60/100 ยท close 585,700.00 17 May 2024 ยท EMD 59/100 ยท close 588,700.00 24 May 2024 ยท EMD 64/100 ยท close 593,500.00 31 May 2024 ยท EMD 54/100 ยท close 578,000.00 7 Jun 2024 ยท EMD 71/100 ยท close 600,400.00 14 Jun 2024 ยท EMD 63/100 ยท close 598,000.00 21 Jun 2024 ยท EMD 63/100 ยท close 598,500.00 28 Jun 2024 ยท EMD 72/100 ยท close 608,000.00 5 Jul 2024 ยท EMD 58/100 ยท close 594,600.00 12 Jul 2024 ยท EMD 58/100 ยท close 590,300.00 19 Jul 2024 ยท EMD 67/100 ยท close 604,900.00 26 Jul 2024 ยท EMD 73/100 ยท close 612,100.00 2 Aug 2024 ยท EMD 79/100 ยท close 629,600.00 9 Aug 2024 ยท EMD 71/100 ยท close 621,300.00 16 Aug 2024 ยท EMD 76/100 ยท close 625,700.00 23 Aug 2024 ยท EMD 77/100 ยท close 635,900.00 30 Aug 2024 ยท EMD 73/100 ยท close 632,900.00 6 Sep 2024 ยท EMD 77/100 ยท close 645,100.00 13 Sep 2024 ยท EMD 78/100 ยท close 646,300.00 20 Sep 2024 ยท EMD 80/100 ยท close 652,900.00 27 Sep 2024 ยท EMD 65/100 ยท close 629,500.00 4 Oct 2024 ยท EMD 68/100 ยท close 631,000.00 11 Oct 2024 ยท EMD 75/100 ยท close 639,800.00 18 Oct 2024 ยท EMD 63/100 ยท close 641,100.00 25 Oct 2024 ยท EMD 65/100 ยท close 639,200.00 1 Nov 2024 ยท EMD 58/100 ยท close 612,300.00 8 Nov 2024 ยท EMD 52/100 ยท close 613,800.00 15 Nov 2024 ยท EMD 49/100 ยท close 610,500.00 22 Nov 2024 ยท EMD 39/100 ยท close 589,100.00 29 Nov 2024 ยท EMD 46/100 ยท close 594,200.00 6 Dec 2024 ยท EMD 37/100 ยท close 588,300.00 13 Dec 2024 ยท EMD 28/100 ยท close 563,400.00 20 Dec 2024 ยท EMD 28/100 ยท close 553,700.00 27 Dec 2024 ยท EMD 43/100 ยท close 569,900.00 3 Jan 2025 ยท EMD 37/100 ยท close 565,200.00 10 Jan 2025 ยท EMD 38/100 ยท close 574,100.00 17 Jan 2025 ยท EMD 32/100 ยท close 565,300.00 24 Jan 2025 ยท EMD 38/100 ยท close 565,900.00 31 Jan 2025 ยท EMD 38/100 ยท close 587,800.00 7 Feb 2025 ยท EMD 41/100 ยท close 590,400.00 14 Feb 2025 ยท EMD 36/100 ยท close 578,900.00 21 Feb 2025 ยท EMD 38/100 ยท close 578,200.00 28 Feb 2025 ยท EMD 39/100 ยท close 586,900.00 7 Mar 2025 ยท EMD 44/100 ยท close 597,600.00 14 Mar 2025 ยท EMD 43/100 ยท close 588,500.00 21 Mar 2025 ยท EMD 48/100 ยท close 601,200.00 28 Mar 2025 ยท EMD 48/100 ยท close 603,400.00 4 Apr 2025 ยท EMD 47/100 ยท close 593,900.00 11 Apr 2025 ยท EMD 46/100 ยท close 574,900.00 18 Apr 2025 ยท EMD 36/100 ยท close 555,400.00 25 Apr 2025 ยท EMD 33/100 ยท close 550,900.00 2 May 2025 ยท EMD 36/100 ยท close 560,200.00 9 May 2025 ยท EMD 29/100 ยท close 536,200.00 16 May 2025 ยท EMD 26/100 ยท close 507,100.00 23 May 2025 ยท EMD 29/100 ยท close 524,300.00 30 May 2025 ยท EMD 29/100 ยท close 519,000.00 6 Jun 2025 ยท EMD 30/100 ยท close 519,900.00 13 Jun 2025 ยท EMD 39/100 ยท close 541,800.00 20 Jun 2025 ยท EMD 29/100 ยท close 517,200.00 27 Jun 2025 ยท EMD 29/100 ยท close 509,200.00 4 Jul 2025 ยท EMD 30/100 ยท close 511,300.00 11 Jul 2025 ยท EMD 30/100 ยท close 506,500.00 18 Jul 2025 ยท EMD 32/100 ยท close 507,100.00 25 Jul 2025 ยท EMD 37/100 ยท close 510,700.00 1 Aug 2025 ยท EMD 30/100 ยท close 508,600.00 8 Aug 2025 ยท EMD 29/100 ยท close 499,500.00 15 Aug 2025 ยท EMD 40/100 ยท close 505,400.00 22 Aug 2025 ยท EMD 40/100 ยท close 521,300.00 29 Aug 2025 ยท EMD 34/100 ยท close 509,700.00 5 Sep 2025 ยท EMD 41/100 ยท close 518,100.00 12 Sep 2025 ยท EMD 43/100 ยท close 517,200.00 19 Sep 2025 ยท EMD 41/100 ยท close 517,300.00 26 Sep 2025 ยท EMD 38/100 ยท close 513,700.00 3 Oct 2025 ยท EMD 44/100 ยท close 507,800.00 10 Oct 2025 ยท EMD 45/100 ยท close 530,800.00 17 Oct 2025 ยท EMD 50/100 ยท close 532,200.00 24 Oct 2025 ยท EMD 54/100 ยท close 543,900.00 31 Oct 2025 ยท EMD 50/100 ยท close 533,000.00 7 Nov 2025 ยท EMD 55/100 ยท close 536,300.00 14 Nov 2025 ยท EMD 66/100 ยท close 556,900.00 21 Nov 2025 ยท EMD 64/100 ยท close 559,700.00 28 Nov 2025 ยท EMD 69/100 ยท close 586,900.00 5 Dec 2025 ยท EMD 58/100 ยท close 565,400.00 12 Dec 2025 ยท EMD 63/100 ยท close 553,200.00 19 Dec 2025 ยท EMD 61/100 ยท close 560,200.00 26 Dec 2025 ยท EMD 62/100 ยท close 560,700.00 2 Jan 2026 ยท EMD 58/100 ยท close 555,600.00 9 Jan 2026 ยท EMD 68/100 ยท close 570,300.00 16 Jan 2026 ยท EMD 67/100 ยท close 562,600.00 23 Jan 2026 ยท EMD 60/100 ยท close 554,500.00 30 Jan 2026 ยท EMD 54/100 ยท close 538,100.00 6 Feb 2026 ยท EMD 58/100 ยท close 550,000.00 13 Feb 2026 ยท EMD 48/100 ยท close 541,600.00 20 Feb 2026 ยท EMD 53/100 ยท close 556,400.00 27 Feb 2026 ยท EMD 55/100 ยท close 555,000.00 6 Mar 2026 ยท EMD 46/100 ยท close 533,600.00 13 Mar 2026 ยท EMD 44/100 ยท close 536,000.00 20 Mar 2026 ยท EMD 38/100 ยท close 523,100.00 27 Mar 2026 ยท EMD 37/100 ยท close 514,500.00 3 Apr 2026 ยท EMD 38/100 ยท close 519,100.00 10 Apr 2026 ยท EMD 36/100 ยท close 517,300.00 17 Apr 2026 ยท EMD 35/100 ยท close 511,700.00 24 Apr 2026 ยท EMD 28/100 ยท close 496,500.00 1 May 2026 ยท EMD 28/100 ยท close 483,500.00 8 May 2026 ยท EMD 24/100 ยท close 478,900.00 15 May 2026 ยท EMD 35/100 ยท close 484,400.00 22 May 2026 ยท EMD 36/100 ยท close 487,500.00 29 May 2026 ยท EMD 27/100 ยท close 479,400.00 5 Jun 2026 ยท EMD 39/100 ยท close 500,700.00 12 Jun 2026 ยท EMD 31/100 ยท close 509,900.00 19 Jun 2026 ยท EMD 35/100 ยท close 502,800.00 26 Jun 2026 ยท EMD 51/100 ยท close 522,200.00 3 Jul 2026 ยท EMD 58/100 ยท close 556,500.00 10 Jul 2026 ยท EMD 55/100 ยท close 556,600.00 17 Jul 2026 ยท EMD 58/100 ยท close 557,900.00 24 Jul 2026 ยท EMD 55/100 ยท close 550,500.00 31 Jul 2026 ยท EMD 63/100 ยท close 575,600.00 7 Aug 2026 ยท EMD 64/100 ยท close 568,000.00 14 Aug 2026 ยท EMD 71/100 ยท close 571,700.00 21 Aug 2026 ยท EMD 82/100 ยท close 590,800.00 28 Aug 2026 ยท EMD 70/100 ยท close 584,000.00 15 Nov 2024 ยท Down-cycle confirmed ยท close 610,500.00 12 Jun 2026 ยท Up-cycle confirmed ยท close 509,900.00 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 85%Current EMD +40.94-week EMD change +13.9156-week price range ILA 478,900.00โ€“652,900.00

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

92/1001.20

Strengthening beneath price
4-week change +0.19

02

Trend and deviation

95/100+10.1% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

78/1004w +1.5% ยท 13w +21.8%

Momentum is supportive
SMI 0.62

04

Price-volume pressure

35/10035% constructive pressure

Volume is leaning against the close
Volume ratio 0.76x

05

Relative leadership

51/1000.35

Leadership is supportive
4-week change +2.60

06

Modeled Trend

86/100Modeled Trend 0.64

Modeled Trend is supportive
Smoothed Modeled Trend 0.75

Evidence context