TOR ยท ETF ยท ENHANCED MARKET DYNAMICS

DRFD

Desjardins RI Developed ex-USA exCanada Multifactor - Net-Zero Emissions

CA

EMD SCORE63/100

CURRENT COMPLETED-WEEK READ

Constructive

The balance of evidence is supportive, with some confirmation still incomplete. Conditions remain positive, but momentum has eased.

Constructive fade33% directional agreement79% evidence confidence
Completed week
28 Aug 2026
Latest close
CAD 33.59
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 CAD +100+500-50-100 35.0626.0116.97 8 Sep 2023 ยท EMD 56/100 ยท close 18.79 15 Sep 2023 ยท EMD 54/100 ยท close 18.79 22 Sep 2023 ยท EMD 57/100 ยท close 18.86 29 Sep 2023 ยท EMD 55/100 ยท close 18.82 6 Oct 2023 ยท EMD 60/100 ยท close 18.82 13 Oct 2023 ยท EMD 47/100 ยท close 18.48 20 Oct 2023 ยท EMD 46/100 ยท close 18.13 27 Oct 2023 ยท EMD 44/100 ยท close 17.94 3 Nov 2023 ยท EMD 43/100 ยท close 17.94 10 Nov 2023 ยท EMD 44/100 ยท close 17.94 17 Nov 2023 ยท EMD 55/100 ยท close 19.10 24 Nov 2023 ยท EMD 53/100 ยท close 19.10 1 Dec 2023 ยท EMD 55/100 ยท close 19.10 8 Dec 2023 ยท EMD 65/100 ยท close 19.47 15 Dec 2023 ยท EMD 72/100 ยท close 19.62 22 Dec 2023 ยท EMD 68/100 ยท close 19.62 29 Dec 2023 ยท EMD 70/100 ยท close 19.67 5 Jan 2024 ยท EMD 70/100 ยท close 19.67 12 Jan 2024 ยท EMD 66/100 ยท close 19.79 19 Jan 2024 ยท EMD 68/100 ยท close 19.76 26 Jan 2024 ยท EMD 74/100 ยท close 19.88 2 Feb 2024 ยท EMD 72/100 ยท close 19.88 9 Feb 2024 ยท EMD 77/100 ยท close 19.95 16 Feb 2024 ยท EMD 71/100 ยท close 19.95 23 Feb 2024 ยท EMD 77/100 ยท close 20.19 1 Mar 2024 ยท EMD 85/100 ยท close 20.61 8 Mar 2024 ยท EMD 75/100 ยท close 20.61 15 Mar 2024 ยท EMD 75/100 ยท close 20.61 22 Mar 2024 ยท EMD 78/100 ยท close 21.05 29 Mar 2024 ยท EMD 84/100 ยท close 21.53 5 Apr 2024 ยท EMD 73/100 ยท close 21.39 12 Apr 2024 ยท EMD 68/100 ยท close 21.29 19 Apr 2024 ยท EMD 77/100 ยท close 21.29 26 Apr 2024 ยท EMD 64/100 ยท close 21.05 3 May 2024 ยท EMD 74/100 ยท close 21.08 10 May 2024 ยท EMD 71/100 ยท close 21.08 17 May 2024 ยท EMD 85/100 ยท close 22.12 24 May 2024 ยท EMD 78/100 ยท close 22.12 31 May 2024 ยท EMD 67/100 ยท close 21.89 7 Jun 2024 ยท EMD 76/100 ยท close 21.89 14 Jun 2024 ยท EMD 72/100 ยท close 21.90 21 Jun 2024 ยท EMD 76/100 ยท close 22.03 28 Jun 2024 ยท EMD 72/100 ยท close 22.03 5 Jul 2024 ยท EMD 71/100 ยท close 22.00 12 Jul 2024 ยท EMD 62/100 ยท close 21.76 19 Jul 2024 ยท EMD 64/100 ยท close 21.76 26 Jul 2024 ยท EMD 70/100 ยท close 22.45 2 Aug 2024 ยท EMD 61/100 ยท close 21.82 9 Aug 2024 ยท EMD 57/100 ยท close 21.44 16 Aug 2024 ยท EMD 56/100 ยท close 21.50 23 Aug 2024 ยท EMD 69/100 ยท close 22.48 30 Aug 2024 ยท EMD 62/100 ยท close 22.48 6 Sep 2024 ยท EMD 62/100 ยท close 22.41 13 Sep 2024 ยท EMD 77/100 ยท close 22.79 20 Sep 2024 ยท EMD 71/100 ยท close 22.88 27 Sep 2024 ยท EMD 71/100 ยท close 22.95 4 Oct 2024 ยท EMD 62/100 ยท close 22.59 11 Oct 2024 ยท EMD 63/100 ยท close 22.59 18 Oct 2024 ยท EMD 61/100 ยท close 22.92 25 Oct 2024 ยท EMD 59/100 ยท close 22.54 1 Nov 2024 ยท EMD 61/100 ยท close 22.54 8 Nov 2024 ยท EMD 59/100 ยท close 22.54 15 Nov 2024 ยท EMD 55/100 ยท close 22.44 22 Nov 2024 ยท EMD 57/100 ยท close 22.43 29 Nov 2024 ยท EMD 60/100 ยท close 22.53 6 Dec 2024 ยท EMD 66/100 ยท close 23.16 13 Dec 2024 ยท EMD 55/100 ยท close 23.06 20 Dec 2024 ยท EMD 58/100 ยท close 22.84 27 Dec 2024 ยท EMD 59/100 ยท close 22.84 3 Jan 2025 ยท EMD 60/100 ยท close 23.01 10 Jan 2025 ยท EMD 50/100 ยท close 22.57 17 Jan 2025 ยท EMD 61/100 ยท close 23.14 24 Jan 2025 ยท EMD 63/100 ยท close 23.55 31 Jan 2025 ยท EMD 68/100 ยท close 23.90 7 Feb 2025 ยท EMD 77/100 ยท close 24.13 14 Feb 2025 ยท EMD 76/100 ยท close 24.24 21 Feb 2025 ยท EMD 81/100 ยท close 24.37 28 Feb 2025 ยท EMD 86/100 ยท close 24.73 7 Mar 2025 ยท EMD 90/100 ยท close 25.55 14 Mar 2025 ยท EMD 76/100 ยท close 25.32 21 Mar 2025 ยท EMD 83/100 ยท close 25.70 28 Mar 2025 ยท EMD 74/100 ยท close 25.48 4 Apr 2025 ยท EMD 58/100 ยท close 23.00 11 Apr 2025 ยท EMD 66/100 ยท close 22.96 18 Apr 2025 ยท EMD 66/100 ยท close 23.90 25 Apr 2025 ยท EMD 69/100 ยท close 25.02 2 May 2025 ยท EMD 72/100 ยท close 25.39 9 May 2025 ยท EMD 65/100 ยท close 25.86 16 May 2025 ยท EMD 83/100 ยท close 26.51 23 May 2025 ยท EMD 73/100 ยท close 26.69 30 May 2025 ยท EMD 69/100 ยท close 26.49 6 Jun 2025 ยท EMD 65/100 ยท close 26.49 13 Jun 2025 ยท EMD 68/100 ยท close 26.49 20 Jun 2025 ยท EMD 66/100 ยท close 26.13 27 Jun 2025 ยท EMD 82/100 ยท close 26.78 4 Jul 2025 ยท EMD 75/100 ยท close 26.69 11 Jul 2025 ยท EMD 71/100 ยท close 26.75 18 Jul 2025 ยท EMD 79/100 ยท close 26.75 25 Jul 2025 ยท EMD 73/100 ยท close 26.75 1 Aug 2025 ยท EMD 69/100 ยท close 26.80 8 Aug 2025 ยท EMD 78/100 ยท close 27.49 15 Aug 2025 ยท EMD 83/100 ยท close 28.25 22 Aug 2025 ยท EMD 80/100 ยท close 28.73 29 Aug 2025 ยท EMD 66/100 ยท close 27.90 5 Sep 2025 ยท EMD 78/100 ยท close 28.10 12 Sep 2025 ยท EMD 81/100 ยท close 28.49 19 Sep 2025 ยท EMD 64/100 ยท close 28.22 26 Sep 2025 ยท EMD 76/100 ยท close 28.26 3 Oct 2025 ยท EMD 74/100 ยท close 28.78 10 Oct 2025 ยท EMD 61/100 ยท close 27.93 17 Oct 2025 ยท EMD 73/100 ยท close 28.72 24 Oct 2025 ยท EMD 58/100 ยท close 28.44 31 Oct 2025 ยท EMD 63/100 ยท close 28.80 7 Nov 2025 ยท EMD 68/100 ยท close 28.78 14 Nov 2025 ยท EMD 69/100 ยท close 29.24 21 Nov 2025 ยท EMD 59/100 ยท close 28.43 28 Nov 2025 ยท EMD 63/100 ยท close 29.15 5 Dec 2025 ยท EMD 58/100 ยท close 29.06 12 Dec 2025 ยท EMD 66/100 ยท close 29.36 19 Dec 2025 ยท EMD 65/100 ยท close 29.48 26 Dec 2025 ยท EMD 60/100 ยท close 29.55 2 Jan 2026 ยท EMD 66/100 ยท close 29.73 9 Jan 2026 ยท EMD 69/100 ยท close 30.34 16 Jan 2026 ยท EMD 71/100 ยท close 30.76 23 Jan 2026 ยท EMD 72/100 ยท close 30.61 30 Jan 2026 ยท EMD 65/100 ยท close 30.57 6 Feb 2026 ยท EMD 79/100 ยท close 31.46 13 Feb 2026 ยท EMD 77/100 ยท close 32.02 20 Feb 2026 ยท EMD 81/100 ยท close 32.37 27 Feb 2026 ยท EMD 74/100 ยท close 32.53 6 Mar 2026 ยท EMD 57/100 ยท close 30.15 13 Mar 2026 ยท EMD 61/100 ยท close 29.77 20 Mar 2026 ยท EMD 53/100 ยท close 28.77 27 Mar 2026 ยท EMD 45/100 ยท close 29.18 3 Apr 2026 ยท EMD 60/100 ยท close 30.58 10 Apr 2026 ยท EMD 64/100 ยท close 31.76 17 Apr 2026 ยท EMD 62/100 ยท close 31.75 24 Apr 2026 ยท EMD 58/100 ยท close 30.85 1 May 2026 ยท EMD 62/100 ยท close 30.92 8 May 2026 ยท EMD 63/100 ยท close 31.61 15 May 2026 ยท EMD 57/100 ยท close 31.37 22 May 2026 ยท EMD 60/100 ยท close 31.39 29 May 2026 ยท EMD 56/100 ยท close 31.56 5 Jun 2026 ยท EMD 51/100 ยท close 31.03 12 Jun 2026 ยท EMD 61/100 ยท close 32.06 19 Jun 2026 ยท EMD 71/100 ยท close 32.92 26 Jun 2026 ยท EMD 70/100 ยท close 32.74 3 Jul 2026 ยท EMD 74/100 ยท close 33.31 10 Jul 2026 ยท EMD 72/100 ยท close 33.10 17 Jul 2026 ยท EMD 70/100 ยท close 32.79 24 Jul 2026 ยท EMD 68/100 ยท close 33.04 31 Jul 2026 ยท EMD 81/100 ยท close 33.35 7 Aug 2026 ยท EMD 75/100 ยท close 34.09 14 Aug 2026 ยท EMD 74/100 ยท close 34.03 21 Aug 2026 ยท EMD 70/100 ยท close 33.60 28 Aug 2026 ยท EMD 63/100 ยท close 33.59 15 Dec 2023 ยท Up-cycle confirmed ยท close 19.62 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 90%Current EMD +26.64-week EMD change -35.3156-week price range CAD 17.94โ€“34.09

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

92/1001.24

Strengthening beneath price
4-week change +0.39

02

Trend and deviation

86/100+5.2% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

70/1004w +0.7% ยท 13w +6.4%

Momentum is supportive
SMI 0.87

04

Price-volume pressure

17/10017% constructive pressure

Volume is leaning against the close
Volume ratio 6.32x

05

Relative leadership

43/100-1.72

The ticker is lagging its benchmark
4-week change -2.37

06

Modeled Trend

91/100Modeled Trend 0.90

Modeled Trend is supportive
Smoothed Modeled Trend 0.78

Evidence context