GER · EQUITY · ENHANCED MARKET DYNAMICS

QB7

Quirin Privatbank AG

DE · Financial Services · Banks - Regional

Open Chart Terminal

EMD SCORE38/100

CURRENT COMPLETED-WEEK READ

Cautious

The balance of evidence is weakening and risk control deserves more attention. Conditions are cautious and have weakened over the latest four completed weeks.

Deterioration20% directional agreement74/100 evidence quality6/6 sources available

Completed week: 9 Oct 2026
Latest close: EUR 3.06
Evidence: 156 weeks

Four-week EMD change-0.9 pts

signed chart scale −100 to +100

Four-week price+0.0%

completed closing prices

Current directional run27 weeks

on the same side of EMD zero

Recent consistency0/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

2 supportive · 3 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.

20 Oct 2023–9 Oct 2026

Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation

Confirmation markers describe price-zone departures within this saved history. Earlier markers can change as the history changes; they are not a record of signals available in real time.

Cycle position 11%Current EMD -24.34-week EMD change -0.9Full saved history price range EUR 2.98–3.96

View chart values · 156 observations

Week	Close · EUR	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-10-20	3.50	-1.12	49	20	83
2023-10-27	3.27	-19.63	40	50	83
2023-11-03	3.25	-20.88	40	50	83
2023-11-10	3.38	-1.26	49	0	100
2023-11-17	3.42	-12.21	44	20	100
2023-11-24	3.23	-26.28	37	50	100
2023-12-01	3.29	-27.65	36	33	100
2023-12-08	3.27	-24.85	38	20	100
2023-12-15	3.36	-23.78	38	50	100
2023-12-22	3.38	-18.73	41	20	100
2023-12-29	3.31	-27.58	36	33	100
2024-01-05	3.27	-28.82	36	20	83
2024-01-12	3.40	-9.9	45	0	100
2024-01-19	3.46	-6.38	47	0	100
2024-01-26	3.76	21.79	61	100	100
2024-02-02	3.68	27.03	64	100	100
2024-02-09	3.61	9.4	55	0	100
2024-02-16	3.66	30.95	65	60	100
2024-02-23	3.53	-2.1	49	0	100
2024-03-01	3.66	20.26	60	60	100
2024-03-08	3.46	-5.91	47	0	100
2024-03-15	3.61	18.66	59	60	100
2024-03-22	3.70	29.61	65	60	100
2024-03-29	3.55	3.01	52	33	100
2024-04-05	3.48	24.68	62	67	100
2024-04-12	3.53	15.56	58	60	100
2024-04-19	3.50	7.41	54	33	100
2024-04-26	3.57	6.91	53	20	100
2024-05-03	3.61	21.67	61	60	100
2024-05-10	3.50	4.35	52	33	100
2024-05-17	3.51	6.76	53	50	100
2024-05-24	3.50	-4.19	48	0	100
2024-05-31	3.57	8.18	54	20	100
2024-06-07	3.74	33.67	67	60	100
2024-06-14	3.79	43.97	72	67	100
2024-06-21	3.79	37.51	69	60	100
2024-06-28	3.75	34.24	67	60	100
2024-07-05	3.73	30.8	65	60	100
2024-07-12	3.75	34.1	67	67	100
2024-07-19	3.79	43.01	72	100	100
2024-07-26	3.79	37.01	69	60	100
2024-08-02	3.81	45.92	73	100	100
2024-08-09	3.77	59.71	80	100	100
2024-08-16	3.77	33.34	67	60	100
2024-08-23	3.81	45.3	73	67	100
2024-08-30	3.84	36.8	68	60	100
2024-09-06	3.86	49.28	75	100	100
2024-09-13	3.82	39.65	70	100	100
2024-09-20	3.84	39.48	70	100	100
2024-09-27	3.82	25.28	63	60	100
2024-10-04	3.77	19.56	60	50	100
2024-10-11	3.77	12.39	56	20	100
2024-10-18	3.77	11.51	56	20	100
2024-10-25	3.75	7.72	54	20	100
2024-11-01	3.71	5.04	53	20	100
2024-11-08	3.67	-13.27	43	33	100
2024-11-15	3.71	-4.95	48	20	100
2024-11-22	3.63	-15.04	42	50	100
2024-11-29	3.63	-7.97	46	20	100
2024-12-06	3.65	-5.34	47	20	100
2024-12-13	3.73	-21.76	39	33	100
2024-12-20	3.52	-40.48	30	60	100
2024-12-27	3.50	-31.24	34	67	100
2025-01-03	3.31	-52.03	24	67	100
2025-01-10	3.40	-25.44	37	33	100
2025-01-17	3.36	-37.96	31	60	100
2025-01-24	3.36	-39.55	30	60	100
2025-01-31	3.36	-28.67	36	20	100
2025-02-07	3.34	-42.27	29	67	100
2025-02-14	3.31	-43.12	28	67	100
2025-02-21	3.36	-28.08	36	20	100
2025-02-28	3.42	-32.68	34	50	100
2025-03-07	3.36	-38.46	31	60	100
2025-03-14	3.32	-27.76	36	33	100
2025-03-21	3.32	-37.09	31	60	100
2025-03-28	3.54	-1.76	49	0	100
2025-04-04	3.23	-34.04	33	60	100
2025-04-11	3.27	-24.1	38	50	100
2025-04-18	3.21	-27.15	36	50	100
2025-04-25	3.36	-20.49	40	20	100
2025-05-02	3.31	-21.28	39	20	100
2025-05-09	3.40	-1.32	49	20	100
2025-05-16	3.48	-5.52	47	0	100
2025-05-23	3.67	13.42	57	60	100
2025-05-30	3.96	28.29	64	67	100
2025-06-06	3.94	15.06	58	33	100
2025-06-13	3.74	26.57	63	33	100
2025-06-20	3.90	38.88	69	60	100
2025-06-27	3.56	15.76	58	50	100
2025-07-04	3.56	11.16	56	33	100
2025-07-11	3.62	21.43	61	60	100
2025-07-18	3.60	15.88	58	60	100
2025-07-25	3.56	14.44	57	60	100
2025-08-01	3.52	10.64	55	50	100
2025-08-08	3.66	19.6	60	60	100
2025-08-15	3.56	5.77	53	20	100
2025-08-22	3.54	4.3	52	20	100
2025-08-29	3.66	21.43	61	60	100
2025-09-05	3.56	3.12	52	0	100
2025-09-12	3.58	5.64	53	0	100
2025-09-19	3.60	13.3	57	60	100
2025-09-26	3.52	-9.12	45	20	100
2025-10-03	3.60	8.7	54	20	100
2025-10-10	3.68	18.56	59	50	100
2025-10-17	3.48	-0.23	50	20	100
2025-10-24	3.42	-20.64	40	60	100
2025-10-31	3.50	-12.51	44	50	100
2025-11-07	3.50	-18.08	41	50	83
2025-11-14	3.56	-7.0	47	20	100
2025-11-21	3.50	-6.59	47	0	100
2025-11-28	3.52	-9.88	45	20	100
2025-12-05	3.52	-11.19	44	20	100
2025-12-12	3.50	-14.33	43	20	100
2025-12-19	3.56	-9.41	45	20	100
2025-12-26	3.40	-26.43	37	50	100
2026-01-02	3.34	-32.77	34	60	100
2026-01-09	3.38	-34.26	33	67	100
2026-01-16	3.88	16.81	58	67	100
2026-01-23	3.44	-20.88	40	33	100
2026-01-30	3.52	2.32	51	33	100
2026-02-06	3.44	-8.9	46	0	100
2026-02-13	3.44	-13.35	43	50	100
2026-02-20	3.38	-26.22	37	50	100
2026-02-27	3.54	-4.01	48	0	100
2026-03-06	3.38	-19.15	40	60	100
2026-03-13	3.38	-14.77	43	50	100
2026-03-20	3.38	-8.21	46	0	100
2026-03-27	3.32	-18.71	41	50	100
2026-04-03	3.58	2.58	51	20	100
2026-04-10	3.36	-18.59	41	50	100
2026-04-17	3.34	-26.7	37	60	100
2026-04-24	3.20	-30.08	35	60	100
2026-05-01	3.18	-44.89	28	67	100
2026-05-08	3.18	-36.92	32	60	100
2026-05-15	3.22	-38.91	31	67	100
2026-05-22	3.20	-34.66	33	50	100
2026-05-29	3.31	-13.0	43	20	100
2026-06-05	3.25	-21.31	39	20	100
2026-06-12	3.27	-21.35	39	50	100
2026-06-19	3.35	-12.28	44	20	100
2026-06-26	3.28	-22.49	39	50	83
2026-07-03	3.32	-16.77	42	50	100
2026-07-10	3.18	-26.92	37	60	100
2026-07-17	3.34	-10.68	45	50	100
2026-07-24	3.24	-19.6	40	50	83
2026-07-31	3.18	-25.47	37	60	100
2026-08-07	3.20	-17.05	41	20	100
2026-08-14	3.14	-25.23	37	50	100
2026-08-21	3.10	-32.71	34	50	83
2026-08-28	3.14	-40.13	30	60	100
2026-09-04	3.14	-32.3	34	50	83
2026-09-11	3.06	-23.41	38	20	100
2026-09-18	3.08	-24.08	38	20	100
2026-09-25	3.02	-29.34	35	33	100
2026-10-02	2.98	-40.04	30	67	100
2026-10-09	3.06	-24.28	38	20	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

Green is supportive, rose is cautious.
Grey means the reading is unavailable.

Reading	17 Apr	24 Apr	1 May	8 May	15 May	22 May	29 May	5 Jun	12 Jun	19 Jun	26 Jun	3 Jul	10 Jul	17 Jul	24 Jul	31 Jul	7 Aug	14 Aug	21 Aug	28 Aug	4 Sep	11 Sep	18 Sep	25 Sep	2 Oct	9 Oct
Trend	18	8	8	9	11	11	21	16	19	28	21	26	13	30	20	14	17	14	11	15	16	11	13	10	8	15
Momentum	40	40	30	36	39	46	53	53	53	60	51	52	46	55	55	50	58	45	46	49	48	44	46	41	37	50
Underlying pressure	25	21	12	8	6	7	11	13	19	29	30	40	37	40	40	37	42	38	31	28	22	18	16	13	11	10
Price & volume	50	56	31	50	36	44	87	58	54	51	—	48	40	50	—	42	50	50	—	6	—	67	60	60	43	58
Relative strength	20	16	14	14	20	12	18	18	21	25	23	16	14	29	18	12	9	7	8	8	11	10	13	10	10	16
Modeled Trend	57	58	58	58	58	59	59	59	60	60	60	60	59	59	60	59	58	58	59	59	60	60	58	58	59	58

Each cell is a finished component score from 0–100. Components can disagree even when the combined reading stays positive.

STRONGEST CURRENT SOURCE

Price & volume

58/100

LEAST SUPPORTIVE SOURCE

Underlying pressure

10/100

WHAT WOULD CHANGE THE READ?

Three paths to keep in view

Conditional research scenarios.
No assumed price target or timing.

Continuation

Price and evidence stay together

Further price weakness alongside cautious trend, pressure and relative strength would support the current defensive read.

Change of direction

Repair needs follow-through

Improving EMD while price still falls is an early observation. A turn in price and broader agreement would strengthen a repair case.

Cycle context

A range extreme is a location

An upper zone can persist during a strong advance; a lower zone can persist during a decline. Use departures, EMD direction and the related price charts together.

EARLIER COMPARABLE READINGS

What followed similar conditions?

Same ticker · similar score and direction of change.
Returns exclude costs and dividends.

4 WEEKS LATER-0.6%

Median price return · 17 non-overlapping examples

Observed range: -8.8% to +9.1%
Positive returns: 41%
All-period comparison: -1.2% median

13 WEEKS LATER-2.4%

Median price return · 7 non-overlapping examples

Observed range: -8.9% to +8.9%
Positive returns: 29%
All-period comparison: -1.5% median

How these comparisons are selected

Earlier observations must have the same constructive/fading/repair/deterioration condition, a score within ten points of today’s score and at least the same component coverage. The first 30 observations are omitted for warm-up; examples are spaced by the forward horizon to avoid overlap. Gapped return windows are excluded. The all-period comparison uses the same available history and spacing, without matching the current state. These are reconstructed observations, not a point-in-time strategy backtest or a forecast.

RECENT CYCLE HISTORY

How the current reading developed

3 Apr 2026Up-cycle confirmedEUR 3.58

13 Mar 2026Lower cycle zone confirmedEUR 3.38

13 Feb 2026Down-cycle confirmedEUR 3.44

27 Jun 2025Down-cycle confirmedEUR 3.56

30 May 2025Upper cycle zone confirmedEUR 3.96

9 May 2025Up-cycle confirmedEUR 3.40

28 Mar 2025Up-cycle confirmedEUR 3.54

10 Jan 2025Lower cycle zone confirmedEUR 3.40

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Cycle states use trailing completed-week observations.

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

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.

Upper zone

Price establishes residence near the top of its long-cycle range. A high range position can persist. Watch EMD for exhaustion and loss of support before interpreting it as a turn.

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS