TOR ยท ETF ยท ENHANCED MARKET DYNAMICS

CUDC

CIBC U.S. High Dividend Covered Call ETF

CA

EMD SCORE60/100

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
28 Aug 2026
Latest close
CAD 19.65
Evidence
53 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.
29 Aug 2025โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท CAD +100+500-50-100 20.1619.2218.27 29 Aug 2025 ยท EMD 42/100 ยท close 18.92 5 Sep 2025 ยท EMD 45/100 ยท close 18.92 12 Sep 2025 ยท EMD 49/100 ยท close 19.06 19 Sep 2025 ยท EMD 51/100 ยท close 19.12 26 Sep 2025 ยท EMD 46/100 ยท close 19.22 3 Oct 2025 ยท EMD 47/100 ยท close 19.34 10 Oct 2025 ยท EMD 48/100 ยท close 19.78 17 Oct 2025 ยท EMD 48/100 ยท close 19.78 24 Oct 2025 ยท EMD 48/100 ยท close 19.78 31 Oct 2025 ยท EMD 49/100 ยท close 19.83 7 Nov 2025 ยท EMD 47/100 ยท close 19.74 14 Nov 2025 ยท EMD 48/100 ยท close 19.74 21 Nov 2025 ยท EMD 46/100 ยท close 19.68 28 Nov 2025 ยท EMD 48/100 ยท close 19.80 5 Dec 2025 ยท EMD 49/100 ยท close 19.85 12 Dec 2025 ยท EMD 49/100 ยท close 19.85 19 Dec 2025 ยท EMD 48/100 ยท close 19.43 26 Dec 2025 ยท EMD 49/100 ยท close 19.64 2 Jan 2026 ยท EMD 49/100 ยท close 19.76 9 Jan 2026 ยท EMD 49/100 ยท close 19.91 16 Jan 2026 ยท EMD 56/100 ยท close 20.00 23 Jan 2026 ยท EMD 42/100 ยท close 19.60 30 Jan 2026 ยท EMD 48/100 ยท close 19.39 6 Feb 2026 ยท EMD 57/100 ยท close 19.55 13 Feb 2026 ยท EMD 48/100 ยท close 19.35 20 Feb 2026 ยท EMD 48/100 ยท close 19.41 27 Feb 2026 ยท EMD 47/100 ยท close 19.39 6 Mar 2026 ยท EMD 41/100 ยท close 18.70 13 Mar 2026 ยท EMD 31/100 ยท close 18.45 20 Mar 2026 ยท EMD 41/100 ยท close 18.49 27 Mar 2026 ยท EMD 40/100 ยท close 18.37 3 Apr 2026 ยท EMD 35/100 ยท close 18.39 10 Apr 2026 ยท EMD 45/100 ยท close 19.04 17 Apr 2026 ยท EMD 44/100 ยท close 19.04 24 Apr 2026 ยท EMD 45/100 ยท close 19.15 1 May 2026 ยท EMD 46/100 ยท close 19.15 8 May 2026 ยท EMD 40/100 ยท close 18.66 15 May 2026 ยท EMD 47/100 ยท close 18.80 22 May 2026 ยท EMD 46/100 ยท close 18.94 29 May 2026 ยท EMD 51/100 ยท close 19.47 5 Jun 2026 ยท EMD 53/100 ยท close 19.55 12 Jun 2026 ยท EMD 56/100 ยท close 19.50 19 Jun 2026 ยท EMD 63/100 ยท close 19.54 26 Jun 2026 ยท EMD 59/100 ยท close 19.62 3 Jul 2026 ยท EMD 61/100 ยท close 19.70 10 Jul 2026 ยท EMD 65/100 ยท close 19.84 17 Jul 2026 ยท EMD 63/100 ยท close 19.80 24 Jul 2026 ยท EMD 72/100 ยท close 19.80 31 Jul 2026 ยท EMD 73/100 ยท close 19.94 7 Aug 2026 ยท EMD 75/100 ยท close 19.82 14 Aug 2026 ยท EMD 78/100 ยท close 20.06 21 Aug 2026 ยท EMD 54/100 ยท close 19.65 28 Aug 2026 ยท EMD 60/100 ยท close 19.65 6 Mar 2026 ยท Down-cycle confirmed ยท close 18.70 29 May 2026 ยท Up-cycle confirmed ยท close 19.47 29 Aug 202527 Feb 202628 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 75%Current EMD +20.84-week EMD change -25.2156-week price range CAD 18.37โ€“20.06

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

80/1000.58

Strengthening beneath price
4-week change -0.37

02

Trend and deviation

75/100+1.8% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

62/1004w -1.5% ยท 13w +0.9%

Momentum is supportive
SMI 0.83

04

Price-volume pressure

50/10050% constructive pressure

Volume is confirming the close
Volume ratio 0.00x

05

Relative leadership

17/100-9.33

The ticker is lagging its benchmark
4-week change โ€”

06

Modeled Trend

86/100Modeled Trend 0.82

Modeled Trend is supportive
Smoothed Modeled Trend 0.54

Evidence context