MIL ยท ETF ยท ENHANCED MARKET DYNAMICS

CCNE

onemarkets MSCI Emerging Markets Universal UCITS ETF EUR Acc

IT

EMD SCORE53/100

CURRENT COMPLETED-WEEK READ

Balanced

Constructive and cautious evidence are close enough to require confirmation. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build50% directional agreement73% evidence confidence
Completed week
28 Aug 2026
Latest close
EUR 11.67
Evidence
20 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

3 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.
17 Apr 2026โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท EUR +100+500-50-100 12.5911.4010.20 17 Apr 2026 ยท EMD 45/100 ยท close 10.33 24 Apr 2026 ยท EMD 49/100 ยท close 10.67 1 May 2026 ยท EMD 45/100 ยท close 10.63 8 May 2026 ยท EMD 54/100 ยท close 11.44 15 May 2026 ยท EMD 48/100 ยท close 11.19 22 May 2026 ยท EMD 58/100 ยท close 11.36 29 May 2026 ยท EMD 51/100 ยท close 11.83 5 Jun 2026 ยท EMD 43/100 ยท close 11.51 12 Jun 2026 ยท EMD 52/100 ยท close 11.85 19 Jun 2026 ยท EMD 48/100 ยท close 12.47 26 Jun 2026 ยท EMD 50/100 ยท close 12.10 3 Jul 2026 ยท EMD 51/100 ยท close 12.03 10 Jul 2026 ยท EMD 52/100 ยท close 11.85 17 Jul 2026 ยท EMD 48/100 ยท close 11.08 24 Jul 2026 ยท EMD 48/100 ยท close 11.30 31 Jul 2026 ยท EMD 51/100 ยท close 11.20 7 Aug 2026 ยท EMD 50/100 ยท close 11.34 14 Aug 2026 ยท EMD 56/100 ยท close 11.68 21 Aug 2026 ยท EMD 51/100 ยท close 11.63 28 Aug 2026 ยท EMD 53/100 ยท close 11.67 8 May 2026 ยท Up-cycle confirmed ยท close 11.44 17 Jul 2026 ยท Down-cycle confirmed ยท close 11.08 17 Apr 202626 Jun 202628 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 51%Current EMD +5.64-week EMD change +4.6156-week price range EUR 10.33โ€“12.47

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

50/1000.00

Strengthening beneath price
4-week change +0.00

02

Trend and deviation

0/100โ€”% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

65/1004w +4.2% ยท 13w -1.3%

Momentum is supportive
SMI 0.37

04

Price-volume pressure

63/10063% constructive pressure

Volume is confirming the close
Volume ratio 1.06x

05

Modeled Trend

89/100Modeled Trend 0.81

Modeled Trend is supportive
Smoothed Modeled Trend 0.73

Evidence context