TLV ยท ETF ยท ENHANCED MARKET DYNAMICS

HRL-F72

Harel Index Funds Ltd. - Harel Sal (4D) MSCI Emerging Markets

IL

EMD SCORE68/100

CURRENT COMPLETED-WEEK READ

Constructive

The balance of evidence is supportive, with some confirmation still incomplete. Conditions remain positive, but momentum has eased.

Constructive fade100% directional agreement100% evidence confidence
Completed week
28 Aug 2026
Latest close
ILA 627,000.00
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

3 supportive ยท 0 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
1 Sep 2023โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท ILA +100+500-50-100 661,748.00529,700.00397,652.00 1 Sep 2023 ยท EMD 74/100 ยท close 427,000.00 8 Sep 2023 ยท EMD 71/100 ยท close 425,700.00 15 Sep 2023 ยท EMD 70/100 ยท close 429,200.00 22 Sep 2023 ยท EMD 63/100 ยท close 417,300.00 29 Sep 2023 ยท EMD 60/100 ยท close 416,500.00 6 Oct 2023 ยท EMD 55/100 ยท close 411,900.00 13 Oct 2023 ยท EMD 68/100 ยท close 432,000.00 20 Oct 2023 ยท EMD 72/100 ยท close 432,700.00 27 Oct 2023 ยท EMD 60/100 ยท close 425,300.00 3 Nov 2023 ยท EMD 62/100 ยท close 422,100.00 10 Nov 2023 ยท EMD 57/100 ยท close 422,700.00 17 Nov 2023 ยท EMD 63/100 ยท close 423,700.00 24 Nov 2023 ยท EMD 68/100 ยท close 424,900.00 1 Dec 2023 ยท EMD 55/100 ยท close 417,900.00 8 Dec 2023 ยท EMD 44/100 ยท close 414,300.00 15 Dec 2023 ยท EMD 51/100 ยท close 421,100.00 22 Dec 2023 ยท EMD 41/100 ยท close 416,100.00 29 Dec 2023 ยท EMD 51/100 ยท close 426,000.00 5 Jan 2024 ยท EMD 49/100 ยท close 422,000.00 12 Jan 2024 ยท EMD 59/100 ยท close 431,400.00 19 Jan 2024 ยท EMD 49/100 ยท close 420,300.00 26 Jan 2024 ยท EMD 49/100 ยท close 420,900.00 2 Feb 2024 ยท EMD 44/100 ยท close 411,800.00 9 Feb 2024 ยท EMD 48/100 ยท close 422,400.00 16 Feb 2024 ยท EMD 44/100 ยท close 421,000.00 23 Feb 2024 ยท EMD 53/100 ยท close 435,500.00 1 Mar 2024 ยท EMD 46/100 ยท close 420,400.00 8 Mar 2024 ยท EMD 55/100 ยท close 428,800.00 15 Mar 2024 ยท EMD 71/100 ยท close 440,100.00 22 Mar 2024 ยท EMD 64/100 ยท close 438,700.00 29 Mar 2024 ยท EMD 69/100 ยท close 446,800.00 5 Apr 2024 ยท EMD 74/100 ยท close 451,400.00 12 Apr 2024 ยท EMD 83/100 ยท close 456,400.00 19 Apr 2024 ยท EMD 75/100 ยท close 447,000.00 26 Apr 2024 ยท EMD 72/100 ยท close 448,600.00 3 May 2024 ยท EMD 76/100 ยท close 456,900.00 10 May 2024 ยท EMD 73/100 ยท close 460,400.00 17 May 2024 ยท EMD 81/100 ยท close 470,500.00 24 May 2024 ยท EMD 68/100 ยท close 465,500.00 31 May 2024 ยท EMD 64/100 ยท close 457,900.00 7 Jun 2024 ยท EMD 81/100 ยท close 463,000.00 14 Jun 2024 ยท EMD 77/100 ยท close 466,400.00 21 Jun 2024 ยท EMD 76/100 ยท close 471,500.00 28 Jun 2024 ยท EMD 78/100 ยท close 473,300.00 5 Jul 2024 ยท EMD 78/100 ยท close 484,100.00 12 Jul 2024 ยท EMD 73/100 ยท close 476,900.00 19 Jul 2024 ยท EMD 60/100 ยท close 469,100.00 26 Jul 2024 ยท EMD 63/100 ยท close 460,900.00 2 Aug 2024 ยท EMD 74/100 ยท close 482,500.00 9 Aug 2024 ยท EMD 65/100 ยท close 464,500.00 16 Aug 2024 ยท EMD 60/100 ยท close 468,900.00 23 Aug 2024 ยท EMD 70/100 ยท close 482,800.00 30 Aug 2024 ยท EMD 57/100 ยท close 473,100.00 6 Sep 2024 ยท EMD 66/100 ยท close 472,600.00 13 Sep 2024 ยท EMD 70/100 ยท close 474,200.00 20 Sep 2024 ยท EMD 70/100 ยท close 482,700.00 27 Sep 2024 ยท EMD 83/100 ยท close 512,600.00 4 Oct 2024 ยท EMD 70/100 ยท close 508,600.00 11 Oct 2024 ยท EMD 77/100 ยท close 510,300.00 18 Oct 2024 ยท EMD 70/100 ยท close 509,500.00 25 Oct 2024 ยท EMD 74/100 ยท close 505,500.00 1 Nov 2024 ยท EMD 61/100 ยท close 490,000.00 8 Nov 2024 ยท EMD 65/100 ยท close 497,600.00 15 Nov 2024 ยท EMD 51/100 ยท close 483,800.00 22 Nov 2024 ยท EMD 54/100 ยท close 478,100.00 29 Nov 2024 ยท EMD 44/100 ยท close 465,200.00 6 Dec 2024 ยท EMD 44/100 ยท close 468,000.00 13 Dec 2024 ยท EMD 47/100 ยท close 474,300.00 20 Dec 2024 ยท EMD 43/100 ยท close 467,800.00 27 Dec 2024 ยท EMD 43/100 ยท close 468,500.00 3 Jan 2025 ยท EMD 44/100 ยท close 464,000.00 10 Jan 2025 ยท EMD 37/100 ยท close 462,600.00 17 Jan 2025 ยท EMD 42/100 ยท close 457,000.00 24 Jan 2025 ยท EMD 38/100 ยท close 453,800.00 31 Jan 2025 ยท EMD 40/100 ยท close 461,800.00 7 Feb 2025 ยท EMD 38/100 ยท close 460,900.00 14 Feb 2025 ยท EMD 44/100 ยท close 472,300.00 21 Feb 2025 ยท EMD 39/100 ยท close 474,400.00 28 Feb 2025 ยท EMD 42/100 ยท close 474,300.00 7 Mar 2025 ยท EMD 52/100 ยท close 482,300.00 14 Mar 2025 ยท EMD 46/100 ยท close 478,100.00 21 Mar 2025 ยท EMD 54/100 ยท close 497,700.00 28 Mar 2025 ยท EMD 55/100 ยท close 497,700.00 4 Apr 2025 ยท EMD 49/100 ยท close 481,700.00 11 Apr 2025 ยท EMD 51/100 ยท close 466,600.00 18 Apr 2025 ยท EMD 51/100 ยท close 467,100.00 25 Apr 2025 ยท EMD 44/100 ยท close 471,700.00 2 May 2025 ยท EMD 48/100 ยท close 475,500.00 9 May 2025 ยท EMD 49/100 ยท close 484,300.00 16 May 2025 ยท EMD 54/100 ยท close 494,300.00 23 May 2025 ยท EMD 64/100 ยท close 499,900.00 30 May 2025 ยท EMD 56/100 ยท close 490,200.00 6 Jun 2025 ยท EMD 58/100 ยท close 490,400.00 13 Jun 2025 ยท EMD 69/100 ยท close 512,400.00 20 Jun 2025 ยท EMD 54/100 ยท close 489,600.00 27 Jun 2025 ยท EMD 62/100 ยท close 497,800.00 4 Jul 2025 ยท EMD 63/100 ยท close 498,700.00 11 Jul 2025 ยท EMD 52/100 ยท close 488,100.00 18 Jul 2025 ยท EMD 68/100 ยท close 501,400.00 25 Jul 2025 ยท EMD 65/100 ยท close 507,200.00 1 Aug 2025 ยท EMD 62/100 ยท close 505,100.00 8 Aug 2025 ยท EMD 70/100 ยท close 519,300.00 15 Aug 2025 ยท EMD 58/100 ยท close 512,300.00 22 Aug 2025 ยท EMD 69/100 ยท close 520,500.00 29 Aug 2025 ยท EMD 56/100 ยท close 504,600.00 5 Sep 2025 ยท EMD 60/100 ยท close 509,800.00 12 Sep 2025 ยท EMD 66/100 ยท close 526,700.00 19 Sep 2025 ยท EMD 68/100 ยท close 539,100.00 26 Sep 2025 ยท EMD 70/100 ยท close 542,800.00 3 Oct 2025 ยท EMD 67/100 ยท close 534,800.00 17 Oct 2025 ยท EMD 73/100 ยท close 543,300.00 24 Oct 2025 ยท EMD 65/100 ยท close 545,800.00 31 Oct 2025 ยท EMD 64/100 ยท close 547,500.00 7 Nov 2025 ยท EMD 67/100 ยท close 547,900.00 14 Nov 2025 ยท EMD 65/100 ยท close 543,900.00 21 Nov 2025 ยท EMD 64/100 ยท close 536,200.00 28 Nov 2025 ยท EMD 64/100 ยท close 537,500.00 5 Dec 2025 ยท EMD 55/100 ยท close 537,000.00 12 Dec 2025 ยท EMD 54/100 ยท close 533,400.00 19 Dec 2025 ยท EMD 52/100 ยท close 530,200.00 26 Dec 2025 ยท EMD 54/100 ยท close 535,200.00 2 Jan 2026 ยท EMD 54/100 ยท close 541,300.00 9 Jan 2026 ยท EMD 60/100 ยท close 557,200.00 16 Jan 2026 ยท EMD 62/100 ยท close 568,300.00 23 Jan 2026 ยท EMD 61/100 ยท close 566,700.00 30 Jan 2026 ยท EMD 59/100 ยท close 572,000.00 6 Feb 2026 ยท EMD 69/100 ยท close 576,800.00 13 Feb 2026 ยท EMD 64/100 ยท close 582,300.00 20 Feb 2026 ยท EMD 68/100 ยท close 591,600.00 27 Feb 2026 ยท EMD 71/100 ยท close 608,100.00 6 Mar 2026 ยท EMD 56/100 ยท close 554,300.00 13 Mar 2026 ยท EMD 59/100 ยท close 554,500.00 20 Mar 2026 ยท EMD 54/100 ยท close 553,900.00 27 Mar 2026 ยท EMD 49/100 ยท close 542,900.00 3 Apr 2026 ยท EMD 54/100 ยท close 553,500.00 10 Apr 2026 ยท EMD 55/100 ยท close 572,000.00 17 Apr 2026 ยท EMD 55/100 ยท close 580,100.00 24 Apr 2026 ยท EMD 58/100 ยท close 589,100.00 1 May 2026 ยท EMD 60/100 ยท close 590,700.00 8 May 2026 ยท EMD 63/100 ยท close 605,600.00 15 May 2026 ยท EMD 56/100 ยท close 591,500.00 22 May 2026 ยท EMD 59/100 ยท close 586,600.00 29 May 2026 ยท EMD 58/100 ยท close 591,100.00 5 Jun 2026 ยท EMD 56/100 ยท close 602,800.00 12 Jun 2026 ยท EMD 69/100 ยท close 613,200.00 19 Jun 2026 ยท EMD 80/100 ยท close 647,600.00 26 Jun 2026 ยท EMD 73/100 ยท close 634,400.00 3 Jul 2026 ยท EMD 74/100 ยท close 624,100.00 10 Jul 2026 ยท EMD 73/100 ยท close 623,300.00 17 Jul 2026 ยท EMD 57/100 ยท close 594,900.00 24 Jul 2026 ยท EMD 63/100 ยท close 612,400.00 31 Jul 2026 ยท EMD 70/100 ยท close 618,000.00 7 Aug 2026 ยท EMD 61/100 ยท close 612,100.00 14 Aug 2026 ยท EMD 64/100 ยท close 614,500.00 21 Aug 2026 ยท EMD 70/100 ยท close 626,300.00 28 Aug 2026 ยท EMD 68/100 ยท close 627,000.00 29 Mar 2024 ยท Up-cycle confirmed ยท close 446,800.00 17 Jul 2026 ยท Down-cycle confirmed ยท close 594,900.00 1 Sep 202328 Feb 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 91%Current EMD +35.54-week EMD change -4.6156-week price range ILA 411,800.00โ€“647,600.00

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

51/100-0.33

Strengthening beneath price
4-week change -0.49

02

Trend and deviation

86/100+5.2% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

71/1004w +1.5% ยท 13w +6.1%

Momentum is supportive
SMI 0.78

04

Price-volume pressure

53/10053% constructive pressure

Volume is confirming the close
Volume ratio 0.20x

05

Relative leadership

56/1001.44

Leadership is supportive
4-week change +2.16

06

Modeled Trend

89/100Modeled Trend 0.83

Modeled Trend is supportive
Smoothed Modeled Trend 0.74

Evidence context