GER ยท ETF ยท ENHANCED MARKET DYNAMICS

IBC4

iShares MSCI South Africa UCITS ETF USD (Acc)

DE

EMD SCORE56/100

CURRENT COMPLETED-WEEK READ

Balanced

Constructive and cautious evidence are close enough to require confirmation. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build50% directional agreement84% evidence confidence
Completed week
28 Aug 2026
Latest close
EUR 55.12
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

3 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 EUR +100+500-50-100 63.0943.6124.13 8 Sep 2023 ยท EMD 43/100 ยท close 26.90 15 Sep 2023 ยท EMD 40/100 ยท close 27.08 22 Sep 2023 ยท EMD 47/100 ยท close 27.38 29 Sep 2023 ยท EMD 40/100 ยท close 26.78 6 Oct 2023 ยท EMD 39/100 ยท close 26.22 13 Oct 2023 ยท EMD 49/100 ยท close 27.58 20 Oct 2023 ยท EMD 40/100 ยท close 26.62 27 Oct 2023 ยท EMD 42/100 ยท close 26.33 3 Nov 2023 ยท EMD 59/100 ยท close 28.35 10 Nov 2023 ยท EMD 39/100 ยท close 27.05 17 Nov 2023 ยท EMD 49/100 ยท close 27.75 24 Nov 2023 ยท EMD 51/100 ยท close 27.58 1 Dec 2023 ยท EMD 51/100 ยท close 28.12 8 Dec 2023 ยท EMD 46/100 ยท close 27.30 15 Dec 2023 ยท EMD 58/100 ยท close 28.95 22 Dec 2023 ยท EMD 50/100 ยท close 28.07 29 Dec 2023 ยท EMD 60/100 ยท close 28.73 5 Jan 2024 ยท EMD 50/100 ยท close 27.63 12 Jan 2024 ยท EMD 60/100 ยท close 27.56 19 Jan 2024 ยท EMD 45/100 ยท close 26.44 26 Jan 2024 ยท EMD 52/100 ยท close 27.72 2 Feb 2024 ยท EMD 48/100 ยท close 27.58 9 Feb 2024 ยท EMD 42/100 ยท close 26.92 16 Feb 2024 ยท EMD 48/100 ยท close 27.33 23 Feb 2024 ยท EMD 38/100 ยท close 26.55 1 Mar 2024 ยท EMD 40/100 ยท close 26.53 8 Mar 2024 ยท EMD 43/100 ยท close 26.98 15 Mar 2024 ยท EMD 36/100 ยท close 26.66 22 Mar 2024 ยท EMD 42/100 ยท close 26.75 29 Mar 2024 ยท EMD 47/100 ยท close 27.54 5 Apr 2024 ยท EMD 51/100 ยท close 28.17 12 Apr 2024 ยท EMD 54/100 ยท close 28.58 19 Apr 2024 ยท EMD 49/100 ยท close 27.36 26 Apr 2024 ยท EMD 66/100 ยท close 28.46 3 May 2024 ยท EMD 69/100 ยท close 29.30 10 May 2024 ยท EMD 70/100 ยท close 30.16 17 May 2024 ยท EMD 75/100 ยท close 30.60 24 May 2024 ยท EMD 67/100 ยท close 30.10 31 May 2024 ยท EMD 57/100 ยท close 28.08 7 Jun 2024 ยท EMD 57/100 ยท close 28.11 14 Jun 2024 ยท EMD 69/100 ยท close 29.67 21 Jun 2024 ยท EMD 81/100 ยท close 31.96 28 Jun 2024 ยท EMD 79/100 ยท close 31.28 5 Jul 2024 ยท EMD 80/100 ยท close 31.54 12 Jul 2024 ยท EMD 81/100 ยท close 32.04 19 Jul 2024 ยท EMD 69/100 ยท close 30.83 26 Jul 2024 ยท EMD 79/100 ยท close 31.36 2 Aug 2024 ยท EMD 70/100 ยท close 30.92 9 Aug 2024 ยท EMD 77/100 ยท close 31.24 16 Aug 2024 ยท EMD 80/100 ยท close 32.78 23 Aug 2024 ยท EMD 81/100 ยท close 33.01 30 Aug 2024 ยท EMD 75/100 ยท close 32.81 6 Sep 2024 ยท EMD 72/100 ยท close 31.77 13 Sep 2024 ยท EMD 76/100 ยท close 32.36 20 Sep 2024 ยท EMD 82/100 ยท close 33.54 27 Sep 2024 ยท EMD 91/100 ยท close 35.72 4 Oct 2024 ยท EMD 78/100 ยท close 34.90 11 Oct 2024 ยท EMD 87/100 ยท close 35.21 18 Oct 2024 ยท EMD 88/100 ยท close 35.94 25 Oct 2024 ยท EMD 82/100 ยท close 35.76 1 Nov 2024 ยท EMD 83/100 ยท close 35.63 8 Nov 2024 ยท EMD 77/100 ยท close 35.30 15 Nov 2024 ยท EMD 69/100 ยท close 33.96 22 Nov 2024 ยท EMD 84/100 ยท close 35.49 29 Nov 2024 ยท EMD 73/100 ยท close 34.62 6 Dec 2024 ยท EMD 75/100 ยท close 35.42 13 Dec 2024 ยท EMD 74/100 ยท close 36.12 20 Dec 2024 ยท EMD 62/100 ยท close 34.52 27 Dec 2024 ยท EMD 60/100 ยท close 33.51 3 Jan 2025 ยท EMD 61/100 ยท close 33.88 10 Jan 2025 ยท EMD 48/100 ยท close 32.76 17 Jan 2025 ยท EMD 58/100 ยท close 34.01 24 Jan 2025 ยท EMD 48/100 ยท close 33.83 31 Jan 2025 ยท EMD 55/100 ยท close 34.62 7 Feb 2025 ยท EMD 60/100 ยท close 35.95 14 Feb 2025 ยท EMD 57/100 ยท close 35.92 21 Feb 2025 ยท EMD 67/100 ยท close 36.65 28 Feb 2025 ยท EMD 55/100 ยท close 34.74 7 Mar 2025 ยท EMD 56/100 ยท close 34.92 14 Mar 2025 ยท EMD 58/100 ยท close 35.15 21 Mar 2025 ยท EMD 59/100 ยท close 36.01 28 Mar 2025 ยท EMD 58/100 ยท close 36.07 4 Apr 2025 ยท EMD 37/100 ยท close 31.29 11 Apr 2025 ยท EMD 49/100 ยท close 32.35 18 Apr 2025 ยท EMD 51/100 ยท close 34.31 25 Apr 2025 ยท EMD 46/100 ยท close 34.51 2 May 2025 ยท EMD 54/100 ยท close 35.90 9 May 2025 ยท EMD 57/100 ยท close 36.62 16 May 2025 ยท EMD 63/100 ยท close 37.28 23 May 2025 ยท EMD 67/100 ยท close 37.76 30 May 2025 ยท EMD 63/100 ยท close 37.20 6 Jun 2025 ยท EMD 70/100 ยท close 38.75 13 Jun 2025 ยท EMD 63/100 ยท close 37.62 20 Jun 2025 ยท EMD 62/100 ยท close 37.22 27 Jun 2025 ยท EMD 61/100 ยท close 37.17 4 Jul 2025 ยท EMD 68/100 ยท close 38.03 11 Jul 2025 ยท EMD 60/100 ยท close 37.35 18 Jul 2025 ยท EMD 74/100 ยท close 39.01 25 Jul 2025 ยท EMD 65/100 ยท close 38.39 1 Aug 2025 ยท EMD 67/100 ยท close 38.21 8 Aug 2025 ยท EMD 80/100 ยท close 40.29 15 Aug 2025 ยท EMD 77/100 ยท close 40.90 22 Aug 2025 ยท EMD 83/100 ยท close 41.60 29 Aug 2025 ยท EMD 74/100 ยท close 40.55 5 Sep 2025 ยท EMD 81/100 ยท close 40.93 12 Sep 2025 ยท EMD 85/100 ยท close 42.79 19 Sep 2025 ยท EMD 87/100 ยท close 43.90 26 Sep 2025 ยท EMD 90/100 ยท close 44.69 3 Oct 2025 ยท EMD 95/100 ยท close 46.21 10 Oct 2025 ยท EMD 75/100 ยท close 45.74 17 Oct 2025 ยท EMD 80/100 ยท close 46.53 24 Oct 2025 ยท EMD 87/100 ยท close 46.60 31 Oct 2025 ยท EMD 80/100 ยท close 46.22 7 Nov 2025 ยท EMD 85/100 ยท close 45.86 14 Nov 2025 ยท EMD 82/100 ยท close 48.17 21 Nov 2025 ยท EMD 83/100 ยท close 46.70 28 Nov 2025 ยท EMD 85/100 ยท close 47.68 5 Dec 2025 ยท EMD 89/100 ยท close 48.92 12 Dec 2025 ยท EMD 83/100 ยท close 48.69 19 Dec 2025 ยท EMD 93/100 ยท close 51.15 26 Dec 2025 ยท EMD 88/100 ยท close 51.84 2 Jan 2026 ยท EMD 87/100 ยท close 51.73 9 Jan 2026 ยท EMD 90/100 ยท close 53.57 16 Jan 2026 ยท EMD 87/100 ยท close 55.01 23 Jan 2026 ยท EMD 95/100 ยท close 56.88 30 Jan 2026 ยท EMD 77/100 ยท close 55.14 6 Feb 2026 ยท EMD 91/100 ยท close 55.30 13 Feb 2026 ยท EMD 86/100 ยท close 55.89 20 Feb 2026 ยท EMD 88/100 ยท close 56.93 27 Feb 2026 ยท EMD 92/100 ยท close 61.00 6 Mar 2026 ยท EMD 75/100 ยท close 53.91 13 Mar 2026 ยท EMD 71/100 ยท close 51.35 20 Mar 2026 ยท EMD 59/100 ยท close 47.86 27 Mar 2026 ยท EMD 60/100 ยท close 49.01 3 Apr 2026 ยท EMD 67/100 ยท close 52.25 10 Apr 2026 ยท EMD 69/100 ยท close 54.40 17 Apr 2026 ยท EMD 72/100 ยท close 55.83 24 Apr 2026 ยท EMD 62/100 ยท close 52.39 1 May 2026 ยท EMD 58/100 ยท close 50.94 8 May 2026 ยท EMD 65/100 ยท close 53.35 15 May 2026 ยท EMD 54/100 ยท close 50.96 22 May 2026 ยท EMD 50/100 ยท close 50.99 29 May 2026 ยท EMD 53/100 ยท close 52.43 5 Jun 2026 ยท EMD 45/100 ยท close 49.72 12 Jun 2026 ยท EMD 50/100 ยท close 50.91 19 Jun 2026 ยท EMD 48/100 ยท close 50.70 26 Jun 2026 ยท EMD 46/100 ยท close 49.99 3 Jul 2026 ยท EMD 46/100 ยท close 50.96 10 Jul 2026 ยท EMD 44/100 ยท close 50.17 17 Jul 2026 ยท EMD 40/100 ยท close 48.96 24 Jul 2026 ยท EMD 39/100 ยท close 48.67 31 Jul 2026 ยท EMD 39/100 ยท close 49.32 7 Aug 2026 ยท EMD 57/100 ยท close 54.31 14 Aug 2026 ยท EMD 43/100 ยท close 52.34 21 Aug 2026 ยท EMD 70/100 ยท close 55.81 28 Aug 2026 ยท EMD 56/100 ยท close 55.12 3 May 2024 ยท Up-cycle confirmed ยท close 29.30 14 Jun 2024 ยท Up-cycle confirmed ยท close 29.67 6 Mar 2026 ยท Down-cycle confirmed ยท close 53.91 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 88%Current EMD +11.64-week EMD change +34.3156-week price range EUR 26.22โ€“61.00

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

82/1000.80

Strengthening beneath price
4-week change +1.89

02

Trend and deviation

51/100+5.2% vs Trend Line

Price structure supports the trend
Trend gate inactive

03

Momentum and SMI

76/1004w +11.8% ยท 13w +5.1%

Momentum is supportive
SMI 0.31

04

Price-volume pressure

11/10011% constructive pressure

Volume is leaning against the close
Volume ratio 3.59x

05

Relative leadership

50/1000.12

Leadership is supportive
4-week change +5.93

06

Modeled Trend

70/100Modeled Trend 0.29

Modeled Trend is supportive
Smoothed Modeled Trend 0.33

Evidence context