VIE ยท EQUITY ยท ENHANCED MARKET DYNAMICS

FHZN

Flughafen Zรผrich AG

AT ยท Industrials ยท Airports & Air Services

EMD SCORE39/100

CURRENT COMPLETED-WEEK READ

Cautious

The balance of evidence is weakening and risk control deserves more attention. Conditions are cautious and have weakened over the latest four completed weeks.

Deterioration50% directional agreement73% evidence confidence
Completed week
28 Aug 2026
Latest close
EUR 223.40
Evidence
45 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

1 supportive ยท 3 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
24 Oct 2025โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท EUR +100+500-50-100 284.20252.08219.96 24 Oct 2025 ยท EMD 44/100 ยท close 249.97 31 Oct 2025 ยท EMD 44/100 ยท close 248.23 7 Nov 2025 ยท EMD 45/100 ยท close 247.06 14 Nov 2025 ยท EMD 45/100 ยท close 251.90 21 Nov 2025 ยท EMD 45/100 ยท close 248.23 28 Nov 2025 ยท EMD 47/100 ยท close 248.61 5 Dec 2025 ยท EMD 46/100 ยท close 248.81 12 Dec 2025 ยท EMD 46/100 ยท close 253.84 19 Dec 2025 ยท EMD 47/100 ยท close 256.16 26 Dec 2025 ยท EMD 47/100 ยท close 260.62 2 Jan 2026 ยท EMD 49/100 ยท close 264.88 9 Jan 2026 ยท EMD 50/100 ยท close 269.33 16 Jan 2026 ยท EMD 48/100 ยท close 258.10 23 Jan 2026 ยท EMD 47/100 ยท close 254.03 30 Jan 2026 ยท EMD 47/100 ยท close 254.23 6 Feb 2026 ยท EMD 48/100 ยท close 262.36 13 Feb 2026 ยท EMD 50/100 ยท close 267.39 20 Feb 2026 ยท EMD 54/100 ยท close 276.11 27 Feb 2026 ยท EMD 56/100 ยท close 280.75 6 Mar 2026 ยท EMD 46/100 ยท close 265.65 13 Mar 2026 ยท EMD 48/100 ยท close 260.81 20 Mar 2026 ยท EMD 48/100 ยท close 260.23 27 Mar 2026 ยท EMD 48/100 ยท close 259.46 3 Apr 2026 ยท EMD 49/100 ยท close 263.33 10 Apr 2026 ยท EMD 49/100 ยท close 264.30 17 Apr 2026 ยท EMD 49/100 ยท close 258.10 24 Apr 2026 ยท EMD 47/100 ยท close 248.20 1 May 2026 ยท EMD 45/100 ยท close 239.80 8 May 2026 ยท EMD 42/100 ยท close 244.40 15 May 2026 ยท EMD 39/100 ยท close 236.80 22 May 2026 ยท EMD 43/100 ยท close 248.00 29 May 2026 ยท EMD 48/100 ยท close 260.40 5 Jun 2026 ยท EMD 45/100 ยท close 250.20 12 Jun 2026 ยท EMD 48/100 ยท close 254.80 19 Jun 2026 ยท EMD 53/100 ยท close 268.00 26 Jun 2026 ยท EMD 59/100 ยท close 275.60 3 Jul 2026 ยท EMD 62/100 ยท close 276.20 10 Jul 2026 ยท EMD 58/100 ยท close 266.20 17 Jul 2026 ยท EMD 51/100 ยท close 252.40 24 Jul 2026 ยท EMD 49/100 ยท close 249.00 31 Jul 2026 ยท EMD 51/100 ยท close 255.40 7 Aug 2026 ยท EMD 51/100 ยท close 255.20 14 Aug 2026 ยท EMD 46/100 ยท close 246.40 21 Aug 2026 ยท EMD 47/100 ยท close 243.00 28 Aug 2026 ยท EMD 39/100 ยท close 223.40 6 Mar 2026 ยท Down-cycle confirmed ยท close 265.65 17 Jul 2026 ยท Down-cycle confirmed ยท close 252.40 24 Oct 202527 Mar 202628 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 11%Current EMD -21.04-week EMD change -22.3156-week price range EUR 223.40โ€“280.75

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

29/100-0.35

Cautious pressure beneath price
4-week change -0.44

02

Trend and deviation

2/100-13.1% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

34/1004w -12.5% ยท 13w -14.2%

Momentum is applying downside pressure
SMI 0.36

04

Price-volume pressure

50/10050% constructive pressure

Volume is confirming the close
Volume ratio 0.00x

05

Modeled Trend

74/100Modeled Trend 0.41

Modeled Trend is supportive
Smoothed Modeled Trend 0.35

Evidence context