OSL ยท EQUITY ยท ENHANCED MARKET DYNAMICS

BEWI

BEWI ASA

NO ยท Consumer Cyclical ยท Packaging & Containers

EMD SCORE66/100

CURRENT COMPLETED-WEEK READ

Constructive

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

Constructive fade60% directional agreement87% evidence confidence
Completed week
11 Sep 2026
Latest close
NOK 19.76
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.
22 Sep 2023โ€“11 Sep 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท NOK +100+500-50-100 35.3323.8612.39 22 Sep 2023 ยท EMD 27/100 ยท close 28.10 29 Sep 2023 ยท EMD 35/100 ยท close 29.80 6 Oct 2023 ยท EMD 29/100 ยท close 28.35 13 Oct 2023 ยท EMD 30/100 ยท close 26.50 20 Oct 2023 ยท EMD 24/100 ยท close 23.30 27 Oct 2023 ยท EMD 21/100 ยท close 20.95 3 Nov 2023 ยท EMD 30/100 ยท close 22.60 10 Nov 2023 ยท EMD 22/100 ยท close 20.05 17 Nov 2023 ยท EMD 24/100 ยท close 19.92 24 Nov 2023 ยท EMD 24/100 ยท close 18.90 1 Dec 2023 ยท EMD 36/100 ยท close 20.75 8 Dec 2023 ยท EMD 43/100 ยท close 23.90 15 Dec 2023 ยท EMD 41/100 ยท close 25.00 22 Dec 2023 ยท EMD 39/100 ยท close 26.00 29 Dec 2023 ยท EMD 40/100 ยท close 25.70 5 Jan 2024 ยท EMD 32/100 ยท close 23.40 12 Jan 2024 ยท EMD 38/100 ยท close 24.45 19 Jan 2024 ยท EMD 31/100 ยท close 22.90 26 Jan 2024 ยท EMD 32/100 ยท close 22.25 2 Feb 2024 ยท EMD 33/100 ยท close 22.55 9 Feb 2024 ยท EMD 35/100 ยท close 22.30 16 Feb 2024 ยท EMD 50/100 ยท close 26.50 23 Feb 2024 ยท EMD 49/100 ยท close 26.30 1 Mar 2024 ยท EMD 52/100 ยท close 27.05 8 Mar 2024 ยท EMD 55/100 ยท close 28.20 15 Mar 2024 ยท EMD 56/100 ยท close 28.05 22 Mar 2024 ยท EMD 64/100 ยท close 31.25 29 Mar 2024 ยท EMD 74/100 ยท close 32.65 5 Apr 2024 ยท EMD 78/100 ยท close 34.10 12 Apr 2024 ยท EMD 64/100 ยท close 31.55 19 Apr 2024 ยท EMD 65/100 ยท close 30.55 26 Apr 2024 ยท EMD 66/100 ยท close 29.75 3 May 2024 ยท EMD 65/100 ยท close 29.50 10 May 2024 ยท EMD 70/100 ยท close 31.50 17 May 2024 ยท EMD 65/100 ยท close 31.15 24 May 2024 ยท EMD 53/100 ยท close 27.00 31 May 2024 ยท EMD 60/100 ยท close 28.30 7 Jun 2024 ยท EMD 50/100 ยท close 26.90 14 Jun 2024 ยท EMD 42/100 ยท close 25.00 21 Jun 2024 ยท EMD 35/100 ยท close 25.70 28 Jun 2024 ยท EMD 31/100 ยท close 24.25 5 Jul 2024 ยท EMD 33/100 ยท close 24.25 12 Jul 2024 ยท EMD 38/100 ยท close 24.85 19 Jul 2024 ยท EMD 40/100 ยท close 26.75 26 Jul 2024 ยท EMD 47/100 ยท close 28.00 2 Aug 2024 ยท EMD 43/100 ยท close 26.65 9 Aug 2024 ยท EMD 33/100 ยท close 25.20 16 Aug 2024 ยท EMD 42/100 ยท close 26.90 23 Aug 2024 ยท EMD 54/100 ยท close 28.10 30 Aug 2024 ยท EMD 45/100 ยท close 27.55 6 Sep 2024 ยท EMD 54/100 ยท close 27.35 13 Sep 2024 ยท EMD 57/100 ยท close 28.20 20 Sep 2024 ยท EMD 52/100 ยท close 27.75 27 Sep 2024 ยท EMD 64/100 ยท close 29.10 4 Oct 2024 ยท EMD 59/100 ยท close 28.60 11 Oct 2024 ยท EMD 60/100 ยท close 28.75 18 Oct 2024 ยท EMD 56/100 ยท close 28.15 25 Oct 2024 ยท EMD 44/100 ยท close 26.30 1 Nov 2024 ยท EMD 39/100 ยท close 25.50 8 Nov 2024 ยท EMD 35/100 ยท close 24.45 15 Nov 2024 ยท EMD 45/100 ยท close 25.80 22 Nov 2024 ยท EMD 32/100 ยท close 24.85 29 Nov 2024 ยท EMD 25/100 ยท close 23.20 6 Dec 2024 ยท EMD 42/100 ยท close 24.80 13 Dec 2024 ยท EMD 47/100 ยท close 26.60 20 Dec 2024 ยท EMD 40/100 ยท close 25.50 27 Dec 2024 ยท EMD 45/100 ยท close 26.20 3 Jan 2025 ยท EMD 50/100 ยท close 27.05 10 Jan 2025 ยท EMD 45/100 ยท close 26.80 17 Jan 2025 ยท EMD 46/100 ยท close 26.65 24 Jan 2025 ยท EMD 51/100 ยท close 27.40 31 Jan 2025 ยท EMD 53/100 ยท close 27.75 7 Feb 2025 ยท EMD 58/100 ยท close 28.20 14 Feb 2025 ยท EMD 58/100 ยท close 28.30 21 Feb 2025 ยท EMD 53/100 ยท close 27.50 28 Feb 2025 ยท EMD 45/100 ยท close 25.55 7 Mar 2025 ยท EMD 48/100 ยท close 25.95 14 Mar 2025 ยท EMD 37/100 ยท close 24.05 21 Mar 2025 ยท EMD 33/100 ยท close 23.90 28 Mar 2025 ยท EMD 32/100 ยท close 23.40 4 Apr 2025 ยท EMD 23/100 ยท close 21.10 11 Apr 2025 ยท EMD 30/100 ยท close 20.80 18 Apr 2025 ยท EMD 29/100 ยท close 21.00 25 Apr 2025 ยท EMD 29/100 ยท close 21.60 2 May 2025 ยท EMD 31/100 ยท close 21.75 9 May 2025 ยท EMD 34/100 ยท close 22.80 16 May 2025 ยท EMD 33/100 ยท close 23.05 23 May 2025 ยท EMD 31/100 ยท close 22.50 30 May 2025 ยท EMD 30/100 ยท close 22.00 6 Jun 2025 ยท EMD 29/100 ยท close 21.05 13 Jun 2025 ยท EMD 28/100 ยท close 21.20 20 Jun 2025 ยท EMD 26/100 ยท close 20.60 27 Jun 2025 ยท EMD 39/100 ยท close 22.00 4 Jul 2025 ยท EMD 41/100 ยท close 22.50 11 Jul 2025 ยท EMD 42/100 ยท close 22.65 18 Jul 2025 ยท EMD 45/100 ยท close 23.10 25 Jul 2025 ยท EMD 42/100 ยท close 22.50 1 Aug 2025 ยท EMD 36/100 ยท close 21.90 8 Aug 2025 ยท EMD 45/100 ยท close 22.30 15 Aug 2025 ยท EMD 47/100 ยท close 23.35 22 Aug 2025 ยท EMD 31/100 ยท close 19.40 29 Aug 2025 ยท EMD 28/100 ยท close 18.84 5 Sep 2025 ยท EMD 24/100 ยท close 17.90 12 Sep 2025 ยท EMD 33/100 ยท close 18.00 19 Sep 2025 ยท EMD 24/100 ยท close 17.62 26 Sep 2025 ยท EMD 23/100 ยท close 17.02 3 Oct 2025 ยท EMD 29/100 ยท close 17.48 10 Oct 2025 ยท EMD 25/100 ยท close 18.02 17 Oct 2025 ยท EMD 25/100 ยท close 17.50 24 Oct 2025 ยท EMD 27/100 ยท close 17.50 31 Oct 2025 ยท EMD 26/100 ยท close 17.46 7 Nov 2025 ยท EMD 23/100 ยท close 16.44 14 Nov 2025 ยท EMD 23/100 ยท close 16.10 21 Nov 2025 ยท EMD 24/100 ยท close 15.96 28 Nov 2025 ยท EMD 31/100 ยท close 17.00 5 Dec 2025 ยท EMD 29/100 ยท close 16.82 12 Dec 2025 ยท EMD 36/100 ยท close 17.04 19 Dec 2025 ยท EMD 36/100 ยท close 17.08 26 Dec 2025 ยท EMD 40/100 ยท close 17.48 2 Jan 2026 ยท EMD 41/100 ยท close 18.20 9 Jan 2026 ยท EMD 38/100 ยท close 17.58 16 Jan 2026 ยท EMD 37/100 ยท close 17.20 23 Jan 2026 ยท EMD 34/100 ยท close 16.52 30 Jan 2026 ยท EMD 32/100 ยท close 16.60 6 Feb 2026 ยท EMD 34/100 ยท close 16.60 13 Feb 2026 ยท EMD 35/100 ยท close 16.10 20 Feb 2026 ยท EMD 36/100 ยท close 16.02 27 Feb 2026 ยท EMD 35/100 ยท close 16.06 6 Mar 2026 ยท EMD 34/100 ยท close 16.00 13 Mar 2026 ยท EMD 28/100 ยท close 15.50 20 Mar 2026 ยท EMD 22/100 ยท close 13.78 27 Mar 2026 ยท EMD 34/100 ยท close 13.84 3 Apr 2026 ยท EMD 23/100 ยท close 14.00 10 Apr 2026 ยท EMD 22/100 ยท close 14.36 17 Apr 2026 ยท EMD 32/100 ยท close 14.28 24 Apr 2026 ยท EMD 22/100 ยท close 13.62 1 May 2026 ยท EMD 26/100 ยท close 13.88 8 May 2026 ยท EMD 50/100 ยท close 16.82 15 May 2026 ยท EMD 50/100 ยท close 17.92 22 May 2026 ยท EMD 64/100 ยท close 19.44 29 May 2026 ยท EMD 61/100 ยท close 19.32 5 Jun 2026 ยท EMD 57/100 ยท close 17.82 12 Jun 2026 ยท EMD 61/100 ยท close 18.66 19 Jun 2026 ยท EMD 68/100 ยท close 19.12 26 Jun 2026 ยท EMD 65/100 ยท close 18.06 3 Jul 2026 ยท EMD 63/100 ยท close 17.80 10 Jul 2026 ยท EMD 68/100 ยท close 18.30 17 Jul 2026 ยท EMD 68/100 ยท close 18.58 24 Jul 2026 ยท EMD 65/100 ยท close 18.60 31 Jul 2026 ยท EMD 72/100 ยท close 19.00 7 Aug 2026 ยท EMD 72/100 ยท close 18.98 14 Aug 2026 ยท EMD 86/100 ยท close 20.35 21 Aug 2026 ยท EMD 78/100 ยท close 21.65 28 Aug 2026 ยท EMD 86/100 ยท close 21.35 4 Sep 2026 ยท EMD 68/100 ยท close 20.15 11 Sep 2026 ยท EMD 66/100 ยท close 19.76 12 Apr 2024 ยท Down-cycle confirmed ยท close 31.55 8 May 2026 ยท Up-cycle confirmed ยท close 16.82 22 Sep 202321 Mar 202511 Sep 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 35%Current EMD +32.04-week EMD change -39.8156-week price range NOK 13.62โ€“34.10

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

88/1000.90

Strengthening beneath price
4-week change +0.23

02

Trend and deviation

98/100+13.3% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

63/1004w -2.9% ยท 13w +5.9%

Momentum is supportive
SMI 0.79

04

Price-volume pressure

19/10019% constructive pressure

Volume is leaning against the close
Volume ratio 6.85x

05

Relative leadership

50/1000.04

Leadership is supportive
4-week change -3.03

06

Modeled Trend

91/100Modeled Trend 0.90

Modeled Trend is supportive
Smoothed Modeled Trend 0.80

Evidence context