ASX · EQUITY · ENHANCED MARKET DYNAMICS

WES

Wesfarmers Limited

AU · Consumer Cyclical · Home Improvement Retail

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EMD SCORE54/100

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 build0% directional agreement68/100 evidence quality6/6 sources available

Completed week: 9 Oct 2026
Latest close: AUD 77.35
Evidence: 156 weeks

Four-week EMD change+42.2 pts

signed chart scale −100 to +100

Four-week price+6.2%

completed closing prices

Current directional run1 weeks

on the same side of EMD zero

Recent consistency9/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

3 supportive · 3 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.

20 Oct 2023–9 Oct 2026

Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation

Confirmation markers describe price-zone departures within this saved history. Earlier markers can change as the history changes; they are not a record of signals available in real time.

Cycle position 68%Current EMD +7.54-week EMD change +42.2Full saved history price range AUD 47.10–92.80

View chart values · 156 observations

Week	Close · AUD	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-10-20	47.98	38.15	69	60	83
2023-10-27	47.10	33.6	67	60	83
2023-11-03	48.96	55.59	78	100	83
2023-11-10	49.67	44.53	72	100	100
2023-11-17	49.60	35.12	68	67	100
2023-11-24	48.99	35.96	68	67	100
2023-12-01	48.86	30.21	65	67	100
2023-12-08	50.25	48.2	74	100	100
2023-12-15	51.55	57.16	79	100	100
2023-12-22	52.22	54.55	77	100	100
2023-12-29	53.38	59.39	80	100	100
2024-01-05	53.10	56.63	78	100	100
2024-01-12	53.77	63.19	82	100	100
2024-01-19	53.49	58.18	79	100	100
2024-01-26	54.70	66.09	83	100	100
2024-02-02	55.08	68.17	84	100	100
2024-02-09	54.38	61.96	81	100	100
2024-02-16	58.91	82.46	91	100	100
2024-02-23	61.69	84.14	92	100	100
2024-03-01	63.02	77.75	89	100	100
2024-03-08	63.65	81.63	91	100	100
2024-03-15	63.72	75.32	88	100	100
2024-03-22	63.83	78.85	89	100	100
2024-03-29	64.93	74.98	87	100	100
2024-04-05	63.24	66.58	83	100	100
2024-04-12	63.32	57.84	79	67	100
2024-04-19	61.94	62.6	81	100	100
2024-04-26	61.53	48.56	74	67	100
2024-05-03	64.85	67.23	84	100	100
2024-05-10	64.50	48.32	74	67	100
2024-05-17	64.92	49.7	75	67	100
2024-05-24	60.58	33.93	67	67	100
2024-05-31	61.60	49.82	75	100	100
2024-06-07	63.74	49.28	75	100	100
2024-06-14	63.98	39.03	70	60	100
2024-06-21	63.46	29.44	65	60	100
2024-06-28	61.87	31.66	66	60	100
2024-07-05	62.03	32.68	66	67	100
2024-07-12	65.09	42.03	71	67	100
2024-07-19	66.76	50.45	75	100	100
2024-07-26	67.32	51.46	76	100	100
2024-08-02	67.97	48.59	74	67	100
2024-08-09	67.40	56.42	78	100	100
2024-08-16	70.85	63.44	82	100	100
2024-08-23	72.30	70.0	85	100	100
2024-08-30	68.92	45.83	73	67	100
2024-09-06	67.46	45.66	73	67	100
2024-09-13	67.54	47.37	74	100	100
2024-09-20	68.62	40.17	70	67	100
2024-09-27	68.10	44.98	72	100	100
2024-10-04	66.18	25.72	63	60	100
2024-10-11	67.14	34.72	67	100	100
2024-10-18	67.67	23.77	62	60	100
2024-10-25	65.53	6.81	53	0	100
2024-11-01	64.19	2.21	51	0	100
2024-11-08	65.92	15.41	58	60	100
2024-11-15	67.75	24.21	62	67	100
2024-11-22	68.33	21.96	61	60	100
2024-11-29	69.21	24.8	62	60	100
2024-12-06	71.36	45.24	73	100	100
2024-12-13	70.96	35.55	68	67	100
2024-12-20	67.02	15.63	58	60	100
2024-12-27	69.91	40.69	70	100	100
2025-01-03	69.19	32.23	66	100	100
2025-01-10	69.97	34.24	67	100	100
2025-01-17	68.51	27.03	64	100	100
2025-01-24	71.94	47.66	74	100	100
2025-01-31	73.81	54.29	77	100	100
2025-02-07	73.46	54.16	77	100	100
2025-02-14	75.85	66.07	83	100	100
2025-02-21	73.34	44.55	72	67	100
2025-02-28	72.35	37.67	69	67	100
2025-03-07	70.12	29.13	65	60	100
2025-03-14	67.95	19.05	60	60	100
2025-03-21	69.11	30.27	65	100	100
2025-03-28	71.11	33.03	67	67	100
2025-04-04	70.28	20.8	60	33	100
2025-04-11	71.66	44.08	72	67	100
2025-04-18	72.69	39.81	70	67	100
2025-04-25	73.89	45.21	73	100	100
2025-05-02	77.62	60.5	80	100	100
2025-05-09	78.28	62.64	81	100	100
2025-05-16	80.54	65.16	83	100	100
2025-05-23	80.30	55.52	78	67	100
2025-05-30	80.99	68.15	84	100	100
2025-06-06	82.10	67.46	84	100	100
2025-06-13	82.70	65.71	83	100	100
2025-06-20	81.21	52.71	76	67	100
2025-06-27	82.08	64.38	82	100	100
2025-07-04	82.31	61.35	81	100	100
2025-07-11	80.69	48.51	74	67	100
2025-07-18	82.51	61.21	81	100	100
2025-07-25	80.42	45.75	73	100	100
2025-08-01	82.90	57.39	79	100	100
2025-08-08	88.06	70.22	85	100	100
2025-08-15	87.22	63.76	82	100	100
2025-08-22	92.32	81.31	91	100	100
2025-08-29	89.57	57.7	79	67	100
2025-09-05	91.42	74.91	87	100	100
2025-09-12	91.51	69.93	85	100	100
2025-09-19	91.93	67.24	84	100	100
2025-09-26	90.99	56.8	78	67	100
2025-10-03	90.42	59.03	80	100	100
2025-10-10	87.94	43.44	72	67	100
2025-10-17	87.73	43.75	72	100	100
2025-10-24	90.22	47.2	74	100	100
2025-10-31	82.96	5.49	53	0	100
2025-11-07	79.77	-3.83	48	60	100
2025-11-14	80.13	-8.01	46	33	100
2025-11-21	79.04	-14.82	43	60	100
2025-11-28	80.87	-2.2	49	0	100
2025-12-05	80.16	-12.59	44	50	100
2025-12-12	79.62	-14.32	43	50	100
2025-12-19	80.02	-6.19	47	0	100
2025-12-26	80.55	-13.96	43	50	100
2026-01-02	80.71	-13.51	43	50	100
2026-01-09	80.06	-14.65	43	50	100
2026-01-16	82.18	-6.78	47	20	100
2026-01-23	81.78	-13.48	43	50	100
2026-01-30	82.33	-10.59	45	20	100
2026-02-06	83.99	2.42	51	20	100
2026-02-13	86.61	12.91	56	60	100
2026-02-20	82.95	-6.74	47	0	100
2026-02-27	79.62	-16.39	42	20	100
2026-03-06	75.82	-23.41	38	33	100
2026-03-13	75.92	-12.26	44	20	100
2026-03-20	73.03	-35.08	32	67	100
2026-03-27	73.38	-26.62	37	60	100
2026-04-03	73.34	-24.03	38	33	100
2026-04-10	76.32	-20.22	40	20	100
2026-04-17	72.85	-36.2	32	60	100
2026-04-24	74.20	-28.36	36	50	100
2026-05-01	73.44	-29.2	35	50	100
2026-05-08	72.25	-39.22	30	67	100
2026-05-15	71.67	-36.36	32	60	100
2026-05-22	74.68	-19.73	40	20	100
2026-05-29	79.79	6.64	53	0	100
2026-06-05	78.93	0.81	50	0	100
2026-06-12	86.47	32.22	66	100	100
2026-06-19	85.76	36.71	68	100	100
2026-06-26	90.74	50.72	75	100	100
2026-07-03	88.25	57.28	79	100	100
2026-07-10	89.70	57.58	79	100	100
2026-07-17	92.80	66.25	83	100	100
2026-07-24	87.25	43.97	72	67	100
2026-07-31	88.01	58.25	79	100	100
2026-08-07	88.74	40.65	70	67	100
2026-08-14	87.36	46.44	73	100	100
2026-08-21	81.13	15.13	58	33	100
2026-08-28	78.58	11.84	56	60	100
2026-09-04	77.73	5.94	53	33	100
2026-09-11	72.82	-34.68	33	67	100
2026-09-18	73.03	-19.76	40	60	100
2026-09-25	73.61	-12.64	44	33	100
2026-10-02	76.22	-4.15	48	20	100
2026-10-09	77.35	7.5	54	0	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

Green is supportive, rose is cautious.
Grey means the reading is unavailable.

Reading	17 Apr	24 Apr	1 May	8 May	15 May	22 May	29 May	5 Jun	12 Jun	19 Jun	26 Jun	3 Jul	10 Jul	17 Jul	24 Jul	31 Jul	7 Aug	14 Aug	21 Aug	28 Aug	4 Sep	11 Sep	18 Sep	25 Sep	2 Oct	9 Oct
Trend	5	8	8	6	6	15	40	36	60	59	63	96	97	99	93	94	95	92	69	57	54	6	7	9	17	21
Momentum	46	48	44	33	36	44	63	68	80	82	86	85	77	87	67	75	75	67	59	48	47	36	39	40	47	59
Underlying pressure	19	18	19	18	18	20	32	45	71	86	88	90	89	89	86	84	82	77	70	59	46	37	32	30	30	29
Price & volume	36	51	54	43	45	63	91	51	53	52	59	51	50	55	44	70	38	55	36	64	63	2	50	67	71	100
Relative strength	9	15	15	12	13	22	42	43	71	67	86	76	82	89	73	67	59	59	33	23	23	16	18	22	33	38
Modeled Trend	63	60	59	59	59	59	59	60	62	65	69	74	77	80	83	84	86	88	89	89	89	89	88	87	85	83

Each cell is a finished component score from 0–100. Components can disagree even when the combined reading stays positive.

STRONGEST CURRENT SOURCE

Price & volume

100/100

LEAST SUPPORTIVE SOURCE

Trend

21/100

WHAT WOULD CHANGE THE READ?

Three paths to keep in view

Conditional research scenarios.
No assumed price target or timing.

Continuation

Price and evidence stay together

Look for the current direction to hold across trend, pressure and relative strength. A rising price with weaker EMD is a less convincing continuation.

Change of direction

Watch for loss of support

If price keeps rising while EMD falls, inspect which readings are weakening. Broad deterioration matters more than a single soft week.

Cycle context

A range extreme is a location

An upper zone can persist during a strong advance; a lower zone can persist during a decline. Use departures, EMD direction and the related price charts together.

EARLIER COMPARABLE READINGS

What followed similar conditions?

Same ticker · similar score and direction of change.
Returns exclude costs and dividends.

4 WEEKS LATER+7.7%

Median price return · 4 non-overlapping examples

Observed range: -9.7% to +13.7%
Positive returns: 75%
All-period comparison: +0.1% median

13 WEEKS LATER-1.5%

Median price return · 3 non-overlapping examples

Observed range: -14.0% to +12.0%
Positive returns: 33%
All-period comparison: +8.1% median

How these comparisons are selected

Earlier observations must have the same constructive/fading/repair/deterioration condition, a score within ten points of today’s score and at least the same component coverage. The first 30 observations are omitted for warm-up; examples are spaced by the forward horizon to avoid overlap. Gapped return windows are excluded. The all-period comparison uses the same available history and spacing, without matching the current state. These are reconstructed observations, not a point-in-time strategy backtest or a forecast.

RECENT CYCLE HISTORY

How the current reading developed

21 Aug 2026Down-cycle confirmedAUD 81.13

27 Feb 2026Down-cycle confirmedAUD 79.62

7 Nov 2025Down-cycle confirmedAUD 79.77

14 Mar 2025Down-cycle confirmedAUD 67.95

20 Dec 2024Down-cycle confirmedAUD 67.02

25 Oct 2024Down-cycle confirmedAUD 65.53

4 Oct 2024Down-cycle confirmedAUD 66.18

5 Jul 2024Down-cycle confirmedAUD 62.03

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Cycle states use trailing completed-week observations.

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

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.

Upper zone

Price establishes residence near the top of its long-cycle range. A high range position can persist. Watch EMD for exhaustion and loss of support before interpreting it as a turn.

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS