TLV ยท ETF ยท ENHANCED MARKET DYNAMICS

HRL-F81

Harel Index Funds Ltd. - Harel Sal (4A) S&P Financial Currency-Hedged

IL

EMD SCORE75/100

CURRENT COMPLETED-WEEK READ

Strongly constructive

The latest completed-week readings are broadly supportive. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build100% directional agreement100% evidence confidence
Completed week
28 Aug 2026
Latest close
ILA 66,130.00
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

4 supportive ยท 0 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
25 Aug 2023โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท ILA +100+500-50-100 68,243.6052,250.0036,256.40 25 Aug 2023 ยท EMD 56/100 ยท close 39,850.00 1 Sep 2023 ยท EMD 66/100 ยท close 40,540.00 8 Sep 2023 ยท EMD 60/100 ยท close 40,140.00 15 Sep 2023 ยท EMD 73/100 ยท close 40,910.00 22 Sep 2023 ยท EMD 61/100 ยท close 40,370.00 29 Sep 2023 ยท EMD 53/100 ยท close 39,170.00 6 Oct 2023 ยท EMD 51/100 ยท close 38,020.00 13 Oct 2023 ยท EMD 53/100 ยท close 38,910.00 20 Oct 2023 ยท EMD 50/100 ยท close 38,920.00 27 Oct 2023 ยท EMD 49/100 ยท close 37,970.00 3 Nov 2023 ยท EMD 55/100 ยท close 38,880.00 10 Nov 2023 ยท EMD 54/100 ยท close 39,560.00 17 Nov 2023 ยท EMD 59/100 ยท close 40,700.00 24 Nov 2023 ยท EMD 73/100 ยท close 41,250.00 1 Dec 2023 ยท EMD 77/100 ยท close 41,790.00 8 Dec 2023 ยท EMD 67/100 ยท close 41,950.00 15 Dec 2023 ยท EMD 80/100 ยท close 43,960.00 22 Dec 2023 ยท EMD 73/100 ยท close 43,650.00 29 Dec 2023 ยท EMD 78/100 ยท close 44,150.00 5 Jan 2024 ยท EMD 74/100 ยท close 44,230.00 12 Jan 2024 ยท EMD 73/100 ยท close 44,290.00 19 Jan 2024 ยท EMD 72/100 ยท close 43,690.00 26 Jan 2024 ยท EMD 81/100 ยท close 44,970.00 2 Feb 2024 ยท EMD 76/100 ยท close 45,430.00 9 Feb 2024 ยท EMD 81/100 ยท close 45,580.00 16 Feb 2024 ยท EMD 81/100 ยท close 45,530.00 23 Feb 2024 ยท EMD 84/100 ยท close 46,870.00 1 Mar 2024 ยท EMD 82/100 ยท close 47,270.00 8 Mar 2024 ยท EMD 84/100 ยท close 47,580.00 15 Mar 2024 ยท EMD 85/100 ยท close 47,800.00 22 Mar 2024 ยท EMD 85/100 ยท close 48,890.00 29 Mar 2024 ยท EMD 84/100 ยท close 49,150.00 5 Apr 2024 ยท EMD 76/100 ยท close 48,980.00 12 Apr 2024 ยท EMD 75/100 ยท close 47,780.00 19 Apr 2024 ยท EMD 71/100 ยท close 46,640.00 26 Apr 2024 ยท EMD 77/100 ยท close 48,170.00 3 May 2024 ยท EMD 70/100 ยท close 47,440.00 10 May 2024 ยท EMD 70/100 ยท close 48,170.00 17 May 2024 ยท EMD 81/100 ยท close 49,340.00 24 May 2024 ยท EMD 63/100 ยท close 48,770.00 31 May 2024 ยท EMD 62/100 ยท close 47,620.00 7 Jun 2024 ยท EMD 66/100 ยท close 47,920.00 14 Jun 2024 ยท EMD 56/100 ยท close 47,490.00 21 Jun 2024 ยท EMD 65/100 ยท close 48,200.00 28 Jun 2024 ยท EMD 57/100 ยท close 47,970.00 5 Jul 2024 ยท EMD 70/100 ยท close 48,700.00 12 Jul 2024 ยท EMD 65/100 ยท close 49,000.00 19 Jul 2024 ยท EMD 81/100 ยท close 51,140.00 26 Jul 2024 ยท EMD 63/100 ยท close 49,890.00 2 Aug 2024 ยท EMD 83/100 ยท close 51,290.00 9 Aug 2024 ยท EMD 67/100 ยท close 48,160.00 16 Aug 2024 ยท EMD 73/100 ยท close 50,590.00 23 Aug 2024 ยท EMD 75/100 ยท close 51,100.00 30 Aug 2024 ยท EMD 77/100 ยท close 52,370.00 6 Sep 2024 ยท EMD 77/100 ยท close 52,730.00 13 Sep 2024 ยท EMD 69/100 ยท close 51,500.00 20 Sep 2024 ยท EMD 83/100 ยท close 53,190.00 27 Sep 2024 ยท EMD 74/100 ยท close 52,360.00 4 Oct 2024 ยท EMD 67/100 ยท close 52,340.00 11 Oct 2024 ยท EMD 82/100 ยท close 53,220.00 18 Oct 2024 ยท EMD 79/100 ยท close 54,700.00 25 Oct 2024 ยท EMD 78/100 ยท close 54,870.00 1 Nov 2024 ยท EMD 72/100 ยท close 54,730.00 8 Nov 2024 ยท EMD 88/100 ยท close 57,380.00 15 Nov 2024 ยท EMD 86/100 ยท close 58,200.00 22 Nov 2024 ยท EMD 83/100 ยท close 58,100.00 29 Nov 2024 ยท EMD 87/100 ยท close 59,830.00 6 Dec 2024 ยท EMD 73/100 ยท close 58,410.00 13 Dec 2024 ยท EMD 76/100 ยท close 57,770.00 20 Dec 2024 ยท EMD 66/100 ยท close 55,950.00 27 Dec 2024 ยท EMD 74/100 ยท close 56,770.00 3 Jan 2025 ยท EMD 68/100 ยท close 56,830.00 10 Jan 2025 ยท EMD 60/100 ยท close 56,120.00 17 Jan 2025 ยท EMD 67/100 ยท close 57,700.00 24 Jan 2025 ยท EMD 66/100 ยท close 58,830.00 31 Jan 2025 ยท EMD 72/100 ยท close 60,010.00 7 Feb 2025 ยท EMD 68/100 ยท close 59,940.00 14 Feb 2025 ยท EMD 61/100 ยท close 59,310.00 21 Feb 2025 ยท EMD 69/100 ยท close 60,360.00 28 Feb 2025 ยท EMD 60/100 ยท close 58,980.00 7 Mar 2025 ยท EMD 53/100 ยท close 57,320.00 14 Mar 2025 ยท EMD 51/100 ยท close 55,510.00 21 Mar 2025 ยท EMD 52/100 ยท close 56,740.00 28 Mar 2025 ยท EMD 55/100 ยท close 58,200.00 4 Apr 2025 ยท EMD 52/100 ยท close 56,070.00 11 Apr 2025 ยท EMD 45/100 ยท close 53,470.00 18 Apr 2025 ยท EMD 41/100 ยท close 54,120.00 25 Apr 2025 ยท EMD 40/100 ยท close 54,700.00 2 May 2025 ยท EMD 43/100 ยท close 55,270.00 9 May 2025 ยท EMD 48/100 ยท close 56,910.00 16 May 2025 ยท EMD 45/100 ยท close 58,210.00 23 May 2025 ยท EMD 45/100 ยท close 57,620.00 30 May 2025 ยท EMD 52/100 ยท close 57,940.00 6 Jun 2025 ยท EMD 50/100 ยท close 58,430.00 13 Jun 2025 ยท EMD 49/100 ยท close 58,060.00 20 Jun 2025 ยท EMD 47/100 ยท close 57,130.00 27 Jun 2025 ยท EMD 55/100 ยท close 59,150.00 4 Jul 2025 ยท EMD 63/100 ยท close 60,810.00 11 Jul 2025 ยท EMD 58/100 ยท close 60,150.00 18 Jul 2025 ยท EMD 58/100 ยท close 59,430.00 25 Jul 2025 ยท EMD 65/100 ยท close 60,890.00 1 Aug 2025 ยท EMD 55/100 ยท close 60,180.00 8 Aug 2025 ยท EMD 63/100 ยท close 59,890.00 15 Aug 2025 ยท EMD 63/100 ยท close 60,280.00 22 Aug 2025 ยท EMD 60/100 ยท close 60,180.00 29 Aug 2025 ยท EMD 68/100 ยท close 61,570.00 5 Sep 2025 ยท EMD 65/100 ยท close 61,460.00 12 Sep 2025 ยท EMD 59/100 ยท close 60,700.00 19 Sep 2025 ยท EMD 62/100 ยท close 61,340.00 3 Oct 2025 ยท EMD 56/100 ยท close 61,720.00 10 Oct 2025 ยท EMD 60/100 ยท close 61,610.00 17 Oct 2025 ยท EMD 56/100 ยท close 60,890.00 24 Oct 2025 ยท EMD 58/100 ยท close 60,590.00 31 Oct 2025 ยท EMD 47/100 ยท close 59,530.00 7 Nov 2025 ยท EMD 57/100 ยท close 60,310.00 14 Nov 2025 ยท EMD 54/100 ยท close 61,250.00 21 Nov 2025 ยท EMD 48/100 ยท close 59,240.00 28 Nov 2025 ยท EMD 53/100 ยท close 60,190.00 5 Dec 2025 ยท EMD 59/100 ยท close 61,460.00 12 Dec 2025 ยท EMD 59/100 ยท close 61,640.00 19 Dec 2025 ยท EMD 53/100 ยท close 62,560.00 26 Dec 2025 ยท EMD 62/100 ยท close 63,550.00 2 Jan 2026 ยท EMD 57/100 ยท close 63,260.00 9 Jan 2026 ยท EMD 64/100 ยท close 63,990.00 16 Jan 2026 ยท EMD 57/100 ยท close 62,290.00 23 Jan 2026 ยท EMD 59/100 ยท close 61,400.00 30 Jan 2026 ยท EMD 56/100 ยท close 61,070.00 6 Feb 2026 ยท EMD 54/100 ยท close 61,510.00 13 Feb 2026 ยท EMD 42/100 ยท close 59,320.00 20 Feb 2026 ยท EMD 42/100 ยท close 59,530.00 27 Feb 2026 ยท EMD 44/100 ยท close 59,380.00 6 Mar 2026 ยท EMD 38/100 ยท close 58,690.00 13 Mar 2026 ยท EMD 31/100 ยท close 55,960.00 20 Mar 2026 ยท EMD 32/100 ยท close 55,710.00 27 Mar 2026 ยท EMD 34/100 ยท close 56,020.00 3 Apr 2026 ยท EMD 33/100 ยท close 54,850.00 17 Apr 2026 ยท EMD 47/100 ยท close 59,740.00 24 Apr 2026 ยท EMD 42/100 ยท close 59,970.00 1 May 2026 ยท EMD 42/100 ยท close 59,210.00 8 May 2026 ยท EMD 43/100 ยท close 59,190.00 15 May 2026 ยท EMD 38/100 ยท close 58,410.00 22 May 2026 ยท EMD 39/100 ยท close 58,480.00 29 May 2026 ยท EMD 36/100 ยท close 58,450.00 5 Jun 2026 ยท EMD 45/100 ยท close 59,630.00 12 Jun 2026 ยท EMD 46/100 ยท close 59,750.00 19 Jun 2026 ยท EMD 54/100 ยท close 62,060.00 26 Jun 2026 ยท EMD 52/100 ยท close 61,480.00 3 Jul 2026 ยท EMD 57/100 ยท close 63,120.00 10 Jul 2026 ยท EMD 54/100 ยท close 62,970.00 17 Jul 2026 ยท EMD 62/100 ยท close 64,700.00 24 Jul 2026 ยท EMD 65/100 ยท close 63,960.00 31 Jul 2026 ยท EMD 68/100 ยท close 64,940.00 7 Aug 2026 ยท EMD 72/100 ยท close 66,530.00 14 Aug 2026 ยท EMD 73/100 ยท close 66,270.00 21 Aug 2026 ยท EMD 70/100 ยท close 65,620.00 28 Aug 2026 ยท EMD 75/100 ยท close 66,130.00 24 Nov 2023 ยท Up-cycle confirmed ยท close 41,250.00 25 Aug 202321 Feb 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 93%Current EMD +49.54-week EMD change +12.8156-week price range ILA 37,970.00โ€“66,530.00

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

94/1001.44

Strengthening beneath price
4-week change +0.24

02

Trend and deviation

94/100+8.8% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

76/1004w +1.8% ยท 13w +13.1%

Momentum is supportive
SMI 0.76

04

Price-volume pressure

50/10050% constructive pressure

Volume is leaning against the close
Volume ratio 1.00x

05

Relative leadership

46/100-0.86

The ticker is lagging its benchmark
4-week change +3.26

06

Modeled Trend

89/100Modeled Trend 0.79

Modeled Trend is supportive
Smoothed Modeled Trend 0.75

Evidence context