GER ยท ETF ยท ENHANCED MARKET DYNAMICS

EFQA

Deka STO.Fut.Water ESG UC.ETF I

DE

EMD SCORE60/100

CURRENT COMPLETED-WEEK READ

Constructive

The balance of evidence is supportive, with some confirmation still incomplete. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build60% directional agreement76% evidence confidence
Completed week
28 Aug 2026
Latest close
EUR 104.96
Evidence
36 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.
26 Dec 2025โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท EUR +100+500-50-100 109.76103.3997.02 26 Dec 2025 ยท EMD 45/100 ยท close 100.32 2 Jan 2026 ยท EMD 45/100 ยท close 99.75 9 Jan 2026 ยท EMD 45/100 ยท close 103.68 16 Jan 2026 ยท EMD 48/100 ยท close 106.70 23 Jan 2026 ยท EMD 46/100 ยท close 104.10 30 Jan 2026 ยท EMD 46/100 ยท close 102.02 6 Feb 2026 ยท EMD 52/100 ยท close 106.76 13 Feb 2026 ยท EMD 49/100 ยท close 107.64 20 Feb 2026 ยท EMD 50/100 ยท close 107.48 27 Feb 2026 ยท EMD 54/100 ยท close 108.48 6 Mar 2026 ยท EMD 41/100 ยท close 103.04 13 Mar 2026 ยท EMD 45/100 ยท close 102.12 20 Mar 2026 ยท EMD 41/100 ยท close 97.71 27 Mar 2026 ยท EMD 46/100 ยท close 98.49 3 Apr 2026 ยท EMD 48/100 ยท close 99.89 10 Apr 2026 ยท EMD 51/100 ยท close 102.32 17 Apr 2026 ยท EMD 50/100 ยท close 101.58 24 Apr 2026 ยท EMD 52/100 ยท close 102.10 1 May 2026 ยท EMD 47/100 ยท close 101.18 8 May 2026 ยท EMD 43/100 ยท close 99.94 15 May 2026 ยท EMD 38/100 ยท close 97.70 22 May 2026 ยท EMD 47/100 ยท close 98.43 29 May 2026 ยท EMD 42/100 ยท close 99.30 5 Jun 2026 ยท EMD 46/100 ยท close 100.22 12 Jun 2026 ยท EMD 46/100 ยท close 100.76 19 Jun 2026 ยท EMD 47/100 ยท close 103.30 26 Jun 2026 ยท EMD 48/100 ยท close 107.68 3 Jul 2026 ยท EMD 49/100 ยท close 109.08 10 Jul 2026 ยท EMD 53/100 ยท close 107.04 17 Jul 2026 ยท EMD 71/100 ยท close 107.30 24 Jul 2026 ยท EMD 72/100 ยท close 106.00 31 Jul 2026 ยท EMD 57/100 ยท close 104.84 7 Aug 2026 ยท EMD 83/100 ยท close 108.84 14 Aug 2026 ยท EMD 61/100 ยท close 106.96 21 Aug 2026 ยท EMD 62/100 ยท close 104.92 28 Aug 2026 ยท EMD 60/100 ยท close 104.96 6 Mar 2026 ยท Down-cycle confirmed ยท close 103.04 19 Jun 2026 ยท Up-cycle confirmed ยท close 103.30 26 Dec 20251 May 202628 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 68%Current EMD +19.14-week EMD change +4.2156-week price range EUR 97.70โ€“109.08

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

78/1000.59

Strengthening beneath price
4-week change -0.04

02

Trend and deviation

73/100+1.4% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

66/1004w +0.1% ยท 13w +5.7%

Momentum is supportive
SMI 0.58

04

Price-volume pressure

0/1000% constructive pressure

Volume is leaning against the close
Volume ratio 5.23x

05

Modeled Trend

87/100Modeled Trend 0.78

Modeled Trend is supportive
Smoothed Modeled Trend 0.61

Evidence context