EBS ยท EQUITY ยท ENHANCED MARKET DYNAMICS

BKW

BKW AG

CH ยท Utilities ยท Utilities - Renewable

EMD SCORE30/100

CURRENT COMPLETED-WEEK READ

Cautious

The balance of evidence is weakening and risk control deserves more attention. Conditions remain cautious, although the latest readings are improving.

Early repair60% directional agreement87% evidence confidence
Completed week
28 Aug 2026
Latest close
CHF 126.00
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

1 supportive ยท 4 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 CHF +100+500-50-100 182.19147.44112.70 8 Sep 2023 ยท EMD 68/100 ยท close 153.27 15 Sep 2023 ยท EMD 71/100 ยท close 152.53 22 Sep 2023 ยท EMD 72/100 ยท close 152.90 29 Sep 2023 ยท EMD 74/100 ยท close 150.29 6 Oct 2023 ยท EMD 69/100 ยท close 144.52 13 Oct 2023 ยท EMD 67/100 ยท close 145.92 20 Oct 2023 ยท EMD 57/100 ยท close 141.17 27 Oct 2023 ยท EMD 50/100 ยท close 139.96 3 Nov 2023 ยท EMD 55/100 ยท close 143.68 10 Nov 2023 ยท EMD 53/100 ยท close 143.78 17 Nov 2023 ยท EMD 55/100 ยท close 145.08 24 Nov 2023 ยท EMD 54/100 ยท close 144.43 1 Dec 2023 ยท EMD 54/100 ยท close 144.06 8 Dec 2023 ยท EMD 47/100 ยท close 141.54 15 Dec 2023 ยท EMD 55/100 ยท close 147.78 22 Dec 2023 ยท EMD 42/100 ยท close 139.59 29 Dec 2023 ยท EMD 44/100 ยท close 139.12 5 Jan 2024 ยท EMD 47/100 ยท close 140.80 12 Jan 2024 ยท EMD 47/100 ยท close 142.66 19 Jan 2024 ยท EMD 32/100 ยท close 132.98 26 Jan 2024 ยท EMD 27/100 ยท close 125.26 2 Feb 2024 ยท EMD 38/100 ยท close 129.17 9 Feb 2024 ยท EMD 27/100 ยท close 122.09 16 Feb 2024 ยท EMD 34/100 ยท close 123.96 23 Feb 2024 ยท EMD 29/100 ยท close 122.65 1 Mar 2024 ยท EMD 25/100 ยท close 116.42 8 Mar 2024 ยท EMD 34/100 ยท close 121.26 15 Mar 2024 ยท EMD 30/100 ยท close 124.61 22 Mar 2024 ยท EMD 39/100 ยท close 127.77 29 Mar 2024 ยท EMD 40/100 ยท close 128.79 5 Apr 2024 ยท EMD 34/100 ยท close 125.63 12 Apr 2024 ยท EMD 42/100 ยท close 131.03 19 Apr 2024 ยท EMD 44/100 ยท close 131.59 26 Apr 2024 ยท EMD 40/100 ยท close 128.97 3 May 2024 ยท EMD 47/100 ยท close 132.03 10 May 2024 ยท EMD 52/100 ยท close 135.84 17 May 2024 ยท EMD 48/100 ยท close 134.13 24 May 2024 ยท EMD 52/100 ยท close 135.75 31 May 2024 ยท EMD 52/100 ยท close 135.46 7 Jun 2024 ยท EMD 54/100 ยท close 136.80 14 Jun 2024 ยท EMD 52/100 ยท close 134.22 21 Jun 2024 ยท EMD 60/100 ยท close 138.42 28 Jun 2024 ยท EMD 53/100 ยท close 136.70 5 Jul 2024 ยท EMD 70/100 ยท close 142.62 12 Jul 2024 ยท EMD 71/100 ยท close 144.52 19 Jul 2024 ยท EMD 72/100 ยท close 144.91 26 Jul 2024 ยท EMD 80/100 ยท close 149.58 2 Aug 2024 ยท EMD 80/100 ยท close 151.30 9 Aug 2024 ยท EMD 82/100 ยท close 149.96 16 Aug 2024 ยท EMD 80/100 ยท close 151.96 23 Aug 2024 ยท EMD 66/100 ยท close 147.19 30 Aug 2024 ยท EMD 82/100 ยท close 152.25 6 Sep 2024 ยท EMD 76/100 ยท close 148.82 13 Sep 2024 ยท EMD 69/100 ยท close 147.10 20 Sep 2024 ยท EMD 64/100 ยท close 142.52 27 Sep 2024 ยท EMD 69/100 ยท close 146.53 4 Oct 2024 ยท EMD 60/100 ยท close 143.47 11 Oct 2024 ยท EMD 63/100 ยท close 145.76 18 Oct 2024 ยท EMD 68/100 ยท close 150.25 25 Oct 2024 ยท EMD 65/100 ยท close 149.58 1 Nov 2024 ยท EMD 59/100 ยท close 145.10 8 Nov 2024 ยท EMD 55/100 ยท close 143.09 15 Nov 2024 ยท EMD 56/100 ยท close 140.61 22 Nov 2024 ยท EMD 53/100 ยท close 142.52 29 Nov 2024 ยท EMD 54/100 ยท close 144.43 6 Dec 2024 ยท EMD 62/100 ยท close 146.34 13 Dec 2024 ยท EMD 51/100 ยท close 143.38 20 Dec 2024 ยท EMD 50/100 ยท close 140.61 27 Dec 2024 ยท EMD 54/100 ยท close 144.71 3 Jan 2025 ยท EMD 61/100 ยท close 151.39 10 Jan 2025 ยท EMD 54/100 ยท close 147.00 17 Jan 2025 ยท EMD 65/100 ยท close 150.25 24 Jan 2025 ยท EMD 53/100 ยท close 146.62 31 Jan 2025 ยท EMD 59/100 ยท close 148.43 7 Feb 2025 ยท EMD 52/100 ยท close 146.05 14 Feb 2025 ยท EMD 50/100 ยท close 145.86 21 Feb 2025 ยท EMD 50/100 ยท close 145.38 28 Feb 2025 ยท EMD 60/100 ยท close 151.30 7 Mar 2025 ยท EMD 63/100 ยท close 150.91 14 Mar 2025 ยท EMD 56/100 ยท close 144.14 21 Mar 2025 ยท EMD 54/100 ยท close 143.57 28 Mar 2025 ยท EMD 60/100 ยท close 147.39 4 Apr 2025 ยท EMD 56/100 ยท close 146.81 11 Apr 2025 ยท EMD 53/100 ยท close 142.62 18 Apr 2025 ยท EMD 65/100 ยท close 148.63 25 Apr 2025 ยท EMD 64/100 ยท close 149.77 2 May 2025 ยท EMD 76/100 ยท close 158.46 9 May 2025 ยท EMD 74/100 ยท close 157.88 16 May 2025 ยท EMD 81/100 ยท close 159.54 23 May 2025 ยท EMD 87/100 ยท close 166.37 30 May 2025 ยท EMD 85/100 ยท close 168.71 6 Jun 2025 ยท EMD 83/100 ยท close 168.81 13 Jun 2025 ยท EMD 84/100 ยท close 168.32 20 Jun 2025 ยท EMD 85/100 ยท close 168.61 27 Jun 2025 ยท EMD 82/100 ยท close 169.00 4 Jul 2025 ยท EMD 84/100 ยท close 170.08 11 Jul 2025 ยท EMD 87/100 ยท close 173.00 18 Jul 2025 ยท EMD 88/100 ยท close 175.74 25 Jul 2025 ยท EMD 86/100 ยท close 176.91 1 Aug 2025 ยท EMD 85/100 ยท close 176.91 8 Aug 2025 ยท EMD 78/100 ยท close 175.64 15 Aug 2025 ยท EMD 81/100 ยท close 174.47 22 Aug 2025 ยท EMD 70/100 ยท close 167.25 29 Aug 2025 ยท EMD 63/100 ยท close 162.56 5 Sep 2025 ยท EMD 57/100 ยท close 159.44 12 Sep 2025 ยท EMD 62/100 ยท close 163.54 19 Sep 2025 ยท EMD 54/100 ยท close 159.64 26 Sep 2025 ยท EMD 55/100 ยท close 163.25 3 Oct 2025 ยท EMD 65/100 ยท close 167.54 10 Oct 2025 ยท EMD 66/100 ยท close 171.05 17 Oct 2025 ยท EMD 70/100 ยท close 176.32 24 Oct 2025 ยท EMD 75/100 ยท close 178.47 31 Oct 2025 ยท EMD 72/100 ยท close 175.54 7 Nov 2025 ยท EMD 55/100 ยท close 163.25 14 Nov 2025 ยท EMD 51/100 ยท close 161.39 21 Nov 2025 ยท EMD 43/100 ยท close 159.93 28 Nov 2025 ยท EMD 48/100 ยท close 163.54 5 Dec 2025 ยท EMD 46/100 ยท close 162.56 12 Dec 2025 ยท EMD 44/100 ยท close 161.68 19 Dec 2025 ยท EMD 50/100 ยท close 165.39 26 Dec 2025 ยท EMD 46/100 ยท close 164.42 2 Jan 2026 ยท EMD 45/100 ยท close 164.32 9 Jan 2026 ยท EMD 51/100 ยท close 170.47 16 Jan 2026 ยท EMD 58/100 ยท close 174.95 23 Jan 2026 ยท EMD 32/100 ยท close 152.71 30 Jan 2026 ยท EMD 30/100 ยท close 142.36 6 Feb 2026 ยท EMD 38/100 ยท close 143.54 13 Feb 2026 ยท EMD 27/100 ยท close 143.24 20 Feb 2026 ยท EMD 29/100 ยท close 144.12 27 Feb 2026 ยท EMD 40/100 ยท close 147.73 6 Mar 2026 ยท EMD 31/100 ยท close 143.24 13 Mar 2026 ยท EMD 38/100 ยท close 146.85 20 Mar 2026 ยท EMD 36/100 ยท close 147.44 27 Mar 2026 ยท EMD 35/100 ยท close 146.95 3 Apr 2026 ยท EMD 45/100 ยท close 157.20 10 Apr 2026 ยท EMD 38/100 ยท close 154.76 17 Apr 2026 ยท EMD 40/100 ยท close 153.78 24 Apr 2026 ยท EMD 46/100 ยท close 155.83 1 May 2026 ยท EMD 47/100 ยท close 156.20 8 May 2026 ยท EMD 41/100 ยท close 151.20 15 May 2026 ยท EMD 42/100 ยท close 149.70 22 May 2026 ยท EMD 40/100 ยท close 148.20 29 May 2026 ยท EMD 41/100 ยท close 148.00 5 Jun 2026 ยท EMD 40/100 ยท close 146.30 12 Jun 2026 ยท EMD 34/100 ยท close 139.00 19 Jun 2026 ยท EMD 32/100 ยท close 135.40 26 Jun 2026 ยท EMD 31/100 ยท close 137.60 3 Jul 2026 ยท EMD 30/100 ยท close 133.70 10 Jul 2026 ยท EMD 30/100 ยท close 132.50 17 Jul 2026 ยท EMD 32/100 ยท close 136.50 24 Jul 2026 ยท EMD 30/100 ยท close 136.10 31 Jul 2026 ยท EMD 25/100 ยท close 133.90 7 Aug 2026 ยท EMD 23/100 ยท close 131.60 14 Aug 2026 ยท EMD 30/100 ยท close 131.00 21 Aug 2026 ยท EMD 21/100 ยท close 125.50 28 Aug 2026 ยท EMD 30/100 ยท close 126.00 22 Mar 2024 ยท Up-cycle confirmed ยท close 127.77 29 Aug 2025 ยท Down-cycle confirmed ยท close 162.56 7 Nov 2025 ยท Down-cycle confirmed ยท close 163.25 23 Jan 2026 ยท Down-cycle confirmed ยท close 152.71 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 8%Current EMD -39.64-week EMD change +10.4156-week price range CHF 116.42โ€“178.47

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

18/100-0.68

Cautious pressure beneath price
4-week change +0.41

02

Trend and deviation

3/100-11.7% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

31/1004w -5.9% ยท 13w -14.9%

Momentum is applying downside pressure
SMI 0.01

04

Price-volume pressure

54/10054% constructive pressure

Volume is confirming the close
Volume ratio 6.17x

05

Relative leadership

2/100-24.23

The ticker is lagging its benchmark
4-week change -2.44

06

Modeled Trend

58/100Modeled Trend 0.10

Modeled Trend is supportive
Smoothed Modeled Trend 0.16

Evidence context