GER · ETF · ENHANCED MARKET DYNAMICS

AUMA

Amundi EUR Credit Spread Widening UCITS ETF Acc

DE

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EMD SCORE44/100

CURRENT COMPLETED-WEEK READ

Balanced

Constructive and cautious evidence are close enough to require confirmation. Conditions remain cautious, although the latest readings are improving.

Early repair50% directional agreement73% evidence confidence
Completed week
28 Aug 2026
Latest close
EUR 998.58
Evidence
33 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

1 supportive · 3 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.
16 Jan 2026–28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE · EUR +100+500-50-100 1,010.281,001.01991.73 16 Jan 2026 · EMD 44/100 · close 999.36 23 Jan 2026 · EMD 44/100 · close 998.42 30 Jan 2026 · EMD 45/100 · close 998.09 6 Feb 2026 · EMD 45/100 · close 998.94 13 Feb 2026 · EMD 45/100 · close 998.10 20 Feb 2026 · EMD 45/100 · close 998.88 27 Feb 2026 · EMD 46/100 · close 1,001.85 6 Mar 2026 · EMD 46/100 · close 1,002.15 13 Mar 2026 · EMD 46/100 · close 1,004.90 20 Mar 2026 · EMD 43/100 · close 1,004.55 27 Mar 2026 · EMD 49/100 · close 1,005.20 3 Apr 2026 · EMD 47/100 · close 1,005.25 10 Apr 2026 · EMD 47/100 · close 1,000.60 17 Apr 2026 · EMD 47/100 · close 999.72 24 Apr 2026 · EMD 48/100 · close 1,000.00 1 May 2026 · EMD 48/100 · close 1,000.10 8 May 2026 · EMD 48/100 · close 999.60 15 May 2026 · EMD 48/100 · close 999.24 22 May 2026 · EMD 48/100 · close 998.74 29 May 2026 · EMD 48/100 · close 998.34 5 Jun 2026 · EMD 47/100 · close 997.20 12 Jun 2026 · EMD 47/100 · close 997.62 19 Jun 2026 · EMD 47/100 · close 997.70 26 Jun 2026 · EMD 46/100 · close 998.38 3 Jul 2026 · EMD 46/100 · close 997.58 10 Jul 2026 · EMD 46/100 · close 996.76 17 Jul 2026 · EMD 45/100 · close 997.48 24 Jul 2026 · EMD 45/100 · close 998.28 31 Jul 2026 · EMD 40/100 · close 998.32 7 Aug 2026 · EMD 46/100 · close 997.66 14 Aug 2026 · EMD 46/100 · close 997.34 21 Aug 2026 · EMD 46/100 · close 997.90 28 Aug 2026 · EMD 44/100 · close 998.58 16 Jan 20268 May 202628 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 36%Current EMD -11.34-week EMD change +8.8156-week price range EUR 996.76–1,005.25

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

35/100-0.09

Cautious pressure beneath price
4-week change +0.05

02

Trend and deviation

32/100-0.1% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

51/1004w +0.0% · 13w +0.0%

Momentum is supportive
SMI 0.04

04

Price-volume pressure

39/10039% constructive pressure

Volume is leaning against the close
Volume ratio 1.50x

05

Modeled Trend

60/100Modeled Trend 0.04

Modeled Trend is supportive
Smoothed Modeled Trend 0.31

Evidence context