MIL ยท ETF ยท ENHANCED MARKET DYNAMICS

HLTW

Amundi MSCI World Health Care UCITS ETF EUR Acc

IT

EMD SCORE66/100

CURRENT COMPLETED-WEEK READ

Constructive

The balance of evidence is supportive, with some confirmation still incomplete. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build33% directional agreement79% evidence confidence
Completed week
28 Aug 2026
Latest close
EUR 524.01
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

4 supportive ยท 2 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+500-50-100 540.89472.07403.25 8 Sep 2023 ยท EMD 56/100 ยท close 442.51 15 Sep 2023 ยท EMD 57/100 ยท close 446.39 22 Sep 2023 ยท EMD 54/100 ยท close 439.00 29 Sep 2023 ยท EMD 57/100 ยท close 437.69 6 Oct 2023 ยท EMD 60/100 ยท close 437.75 13 Oct 2023 ยท EMD 62/100 ยท close 441.80 20 Oct 2023 ยท EMD 49/100 ยท close 430.05 27 Oct 2023 ยท EMD 42/100 ยท close 414.25 3 Nov 2023 ยท EMD 47/100 ยท close 424.77 10 Nov 2023 ยท EMD 37/100 ยท close 417.03 17 Nov 2023 ยท EMD 38/100 ยท close 420.67 24 Nov 2023 ยท EMD 47/100 ยท close 428.34 1 Dec 2023 ยท EMD 48/100 ยท close 431.60 8 Dec 2023 ยท EMD 47/100 ยท close 434.63 15 Dec 2023 ยท EMD 43/100 ยท close 435.86 22 Dec 2023 ยท EMD 53/100 ยท close 439.06 29 Dec 2023 ยท EMD 52/100 ยท close 440.95 5 Jan 2024 ยท EMD 64/100 ยท close 453.77 12 Jan 2024 ยท EMD 66/100 ยท close 457.99 19 Jan 2024 ยท EMD 65/100 ยท close 455.92 26 Jan 2024 ยท EMD 71/100 ยท close 457.79 2 Feb 2024 ยท EMD 74/100 ยท close 465.57 9 Feb 2024 ยท EMD 71/100 ยท close 470.60 16 Feb 2024 ยท EMD 74/100 ยท close 478.07 23 Feb 2024 ยท EMD 75/100 ยท close 481.54 1 Mar 2024 ยท EMD 68/100 ยท close 476.77 8 Mar 2024 ยท EMD 71/100 ยท close 478.77 15 Mar 2024 ยท EMD 62/100 ยท close 474.64 22 Mar 2024 ยท EMD 68/100 ยท close 478.99 29 Mar 2024 ยท EMD 70/100 ยท close 486.66 5 Apr 2024 ยท EMD 61/100 ยท close 470.12 12 Apr 2024 ยท EMD 59/100 ยท close 468.40 19 Apr 2024 ยท EMD 57/100 ยท close 462.73 26 Apr 2024 ยท EMD 57/100 ยท close 469.07 3 May 2024 ยท EMD 54/100 ยท close 468.31 10 May 2024 ยท EMD 60/100 ยท close 478.00 17 May 2024 ยท EMD 59/100 ยท close 481.19 24 May 2024 ยท EMD 56/100 ยท close 479.50 31 May 2024 ยท EMD 57/100 ยท close 473.86 7 Jun 2024 ยท EMD 67/100 ยท close 489.73 14 Jun 2024 ยท EMD 71/100 ยท close 489.99 21 Jun 2024 ยท EMD 70/100 ยท close 491.80 28 Jun 2024 ยท EMD 70/100 ยท close 493.92 5 Jul 2024 ยท EMD 60/100 ยท close 481.92 12 Jul 2024 ยท EMD 68/100 ยท close 494.11 19 Jul 2024 ยท EMD 61/100 ยท close 488.72 26 Jul 2024 ยท EMD 73/100 ยท close 499.83 2 Aug 2024 ยท EMD 68/100 ยท close 493.60 9 Aug 2024 ยท EMD 82/100 ยท close 498.40 16 Aug 2024 ยท EMD 79/100 ยท close 505.10 23 Aug 2024 ยท EMD 74/100 ยท close 507.16 30 Aug 2024 ยท EMD 78/100 ยท close 515.23 6 Sep 2024 ยท EMD 68/100 ยท close 503.40 13 Sep 2024 ยท EMD 75/100 ยท close 510.30 20 Sep 2024 ยท EMD 64/100 ยท close 501.92 27 Sep 2024 ยท EMD 63/100 ยท close 499.55 4 Oct 2024 ยท EMD 62/100 ยท close 497.18 11 Oct 2024 ยท EMD 68/100 ยท close 506.77 18 Oct 2024 ยท EMD 62/100 ยท close 507.61 25 Oct 2024 ยท EMD 55/100 ยท close 498.62 1 Nov 2024 ยท EMD 56/100 ยท close 492.66 8 Nov 2024 ยท EMD 60/100 ยท close 498.57 15 Nov 2024 ยท EMD 43/100 ยท close 479.93 22 Nov 2024 ยท EMD 55/100 ยท close 492.78 29 Nov 2024 ยท EMD 56/100 ยท close 497.03 6 Dec 2024 ยท EMD 45/100 ยท close 490.37 13 Dec 2024 ยท EMD 43/100 ยท close 480.92 20 Dec 2024 ยท EMD 42/100 ยท close 472.44 27 Dec 2024 ยท EMD 44/100 ยท close 476.34 3 Jan 2025 ยท EMD 46/100 ยท close 480.56 10 Jan 2025 ยท EMD 46/100 ยท close 488.21 17 Jan 2025 ยท EMD 43/100 ยท close 486.28 24 Jan 2025 ยท EMD 46/100 ยท close 490.32 31 Jan 2025 ยท EMD 54/100 ยท close 507.88 7 Feb 2025 ยท EMD 50/100 ยท close 505.70 14 Feb 2025 ยท EMD 48/100 ยท close 495.48 21 Feb 2025 ยท EMD 55/100 ยท close 502.00 28 Feb 2025 ยท EMD 52/100 ยท close 504.64 7 Mar 2025 ยท EMD 45/100 ยท close 491.27 14 Mar 2025 ยท EMD 43/100 ยท close 475.61 21 Mar 2025 ยท EMD 47/100 ยท close 483.23 28 Mar 2025 ยท EMD 40/100 ยท close 477.07 4 Apr 2025 ยท EMD 33/100 ยท close 447.37 11 Apr 2025 ยท EMD 31/100 ยท close 420.76 18 Apr 2025 ยท EMD 32/100 ยท close 426.90 25 Apr 2025 ยท EMD 32/100 ยท close 432.88 2 May 2025 ยท EMD 34/100 ยท close 443.35 9 May 2025 ยท EMD 30/100 ยท close 432.32 16 May 2025 ยท EMD 32/100 ยท close 430.98 23 May 2025 ยท EMD 27/100 ยท close 424.13 30 May 2025 ยท EMD 33/100 ยท close 429.96 6 Jun 2025 ยท EMD 36/100 ยท close 435.19 13 Jun 2025 ยท EMD 36/100 ยท close 436.73 20 Jun 2025 ยท EMD 29/100 ยท close 423.69 27 Jun 2025 ยท EMD 31/100 ยท close 422.49 4 Jul 2025 ยท EMD 32/100 ยท close 422.47 11 Jul 2025 ยท EMD 31/100 ยท close 422.29 18 Jul 2025 ยท EMD 32/100 ยท close 418.39 25 Jul 2025 ยท EMD 40/100 ยท close 427.24 1 Aug 2025 ยท EMD 30/100 ยท close 415.15 8 Aug 2025 ยท EMD 30/100 ยท close 410.62 15 Aug 2025 ยท EMD 40/100 ยท close 422.97 22 Aug 2025 ยท EMD 43/100 ยท close 435.23 29 Aug 2025 ยท EMD 38/100 ยท close 430.01 5 Sep 2025 ยท EMD 45/100 ยท close 434.46 12 Sep 2025 ยท EMD 45/100 ยท close 435.50 19 Sep 2025 ยท EMD 45/100 ยท close 430.96 26 Sep 2025 ยท EMD 42/100 ยท close 424.96 3 Oct 2025 ยท EMD 59/100 ยท close 455.49 10 Oct 2025 ยท EMD 51/100 ยท close 453.31 17 Oct 2025 ยท EMD 58/100 ยท close 452.13 24 Oct 2025 ยท EMD 65/100 ยท close 460.22 31 Oct 2025 ยท EMD 60/100 ยท close 455.84 7 Nov 2025 ยท EMD 66/100 ยท close 458.09 14 Nov 2025 ยท EMD 73/100 ยท close 477.20 21 Nov 2025 ยท EMD 77/100 ยท close 484.62 28 Nov 2025 ยท EMD 75/100 ยท close 490.95 5 Dec 2025 ยท EMD 66/100 ยท close 481.05 12 Dec 2025 ยท EMD 69/100 ยท close 475.63 19 Dec 2025 ยท EMD 70/100 ยท close 480.27 26 Dec 2025 ยท EMD 69/100 ยท close 481.55 2 Jan 2026 ยท EMD 65/100 ยท close 481.31 9 Jan 2026 ยท EMD 74/100 ยท close 496.14 16 Jan 2026 ยท EMD 70/100 ยท close 494.50 23 Jan 2026 ยท EMD 72/100 ยท close 491.36 30 Jan 2026 ยท EMD 64/100 ยท close 478.98 6 Feb 2026 ยท EMD 69/100 ยท close 488.30 13 Feb 2026 ยท EMD 71/100 ยท close 492.90 20 Feb 2026 ยท EMD 61/100 ยท close 491.65 27 Feb 2026 ยท EMD 66/100 ยท close 494.83 6 Mar 2026 ยท EMD 55/100 ยท close 477.64 13 Mar 2026 ยท EMD 61/100 ยท close 477.68 20 Mar 2026 ยท EMD 52/100 ยท close 459.19 27 Mar 2026 ยท EMD 48/100 ยท close 460.49 3 Apr 2026 ยท EMD 49/100 ยท close 471.31 10 Apr 2026 ยท EMD 43/100 ยท close 465.44 17 Apr 2026 ยท EMD 48/100 ยท close 469.21 24 Apr 2026 ยท EMD 35/100 ยท close 453.01 1 May 2026 ยท EMD 44/100 ยท close 456.80 8 May 2026 ยท EMD 34/100 ยท close 449.09 15 May 2026 ยท EMD 41/100 ยท close 458.29 22 May 2026 ยท EMD 45/100 ยท close 471.10 29 May 2026 ยท EMD 39/100 ยท close 468.11 5 Jun 2026 ยท EMD 48/100 ยท close 481.21 12 Jun 2026 ยท EMD 46/100 ยท close 481.03 19 Jun 2026 ยท EMD 47/100 ยท close 474.51 26 Jun 2026 ยท EMD 57/100 ยท close 506.13 3 Jul 2026 ยท EMD 58/100 ยท close 514.84 10 Jul 2026 ยท EMD 58/100 ยท close 508.14 17 Jul 2026 ยท EMD 66/100 ยท close 510.43 24 Jul 2026 ยท EMD 68/100 ยท close 513.06 31 Jul 2026 ยท EMD 58/100 ยท close 506.47 7 Aug 2026 ยท EMD 71/100 ยท close 513.05 14 Aug 2026 ยท EMD 64/100 ยท close 515.12 21 Aug 2026 ยท EMD 79/100 ยท close 533.52 28 Aug 2026 ยท EMD 66/100 ยท close 524.01 22 Dec 2023 ยท Up-cycle confirmed ยท close 439.06 12 Sep 2025 ยท Up-cycle confirmed ยท close 435.50 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 91%Current EMD +32.94-week EMD change +16.8156-week price range EUR 410.62โ€“533.52

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

91/1001.16

Strengthening beneath price
4-week change +0.29

02

Trend and deviation

92/100+7.8% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

78/1004w +3.5% ยท 13w +11.9%

Momentum is supportive
SMI 0.75

04

Price-volume pressure

34/10034% constructive pressure

Volume is leaning against the close
Volume ratio 1.12x

05

Relative leadership

38/100-2.96

The ticker is lagging its benchmark
4-week change +2.51

06

Modeled Trend

88/100Modeled Trend 0.81

Modeled Trend is supportive
Smoothed Modeled Trend 0.68

Evidence context