NASDAQ · ETF · ENHANCED MARKET DYNAMICS

FRWD

Nomura Transformational Technologies ETF

US

Open Chart Terminal
EMD SCORE71/100

CURRENT COMPLETED-WEEK READ

Strongly constructive

The latest completed-week readings are broadly supportive. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build100% directional agreement89% evidence confidence
Completed week
28 Aug 2026
Latest close
USD 32.07
Evidence
33 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

3 supportive · 0 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 · USD +100+500-50-100 35.2028.3121.41 16 Jan 2026 · EMD 46/100 · close 25.03 23 Jan 2026 · EMD 47/100 · close 25.30 30 Jan 2026 · EMD 37/100 · close 25.29 6 Feb 2026 · EMD 46/100 · close 24.25 13 Feb 2026 · EMD 37/100 · close 24.03 20 Feb 2026 · EMD 45/100 · close 24.50 27 Feb 2026 · EMD 41/100 · close 24.15 6 Mar 2026 · EMD 38/100 · close 23.42 13 Mar 2026 · EMD 36/100 · close 23.43 20 Mar 2026 · EMD 34/100 · close 23.26 27 Mar 2026 · EMD 32/100 · close 22.15 3 Apr 2026 · EMD 49/100 · close 23.16 10 Apr 2026 · EMD 50/100 · close 25.27 17 Apr 2026 · EMD 55/100 · close 27.12 24 Apr 2026 · EMD 52/100 · close 28.14 1 May 2026 · EMD 54/100 · close 28.51 8 May 2026 · EMD 60/100 · close 30.45 15 May 2026 · EMD 50/100 · close 30.08 22 May 2026 · EMD 59/100 · close 30.92 29 May 2026 · EMD 58/100 · close 32.58 5 Jun 2026 · EMD 45/100 · close 30.91 12 Jun 2026 · EMD 61/100 · close 32.14 19 Jun 2026 · EMD 59/100 · close 34.46 26 Jun 2026 · EMD 49/100 · close 32.07 3 Jul 2026 · EMD 52/100 · close 31.66 10 Jul 2026 · EMD 55/100 · close 32.58 17 Jul 2026 · EMD 48/100 · close 30.10 24 Jul 2026 · EMD 47/100 · close 30.32 31 Jul 2026 · EMD 50/100 · close 30.88 7 Aug 2026 · EMD 72/100 · close 32.20 14 Aug 2026 · EMD 76/100 · close 33.45 21 Aug 2026 · EMD 72/100 · close 32.19 28 Aug 2026 · EMD 71/100 · close 32.07 10 Apr 2026 · Up-cycle confirmed · close 25.27 26 Jun 2026 · Down-cycle confirmed · close 32.07 16 Jan 20268 May 202628 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 92%Current EMD +42.64-week EMD change +42.6156-week price range USD 22.15–34.46

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

52/100-0.41

Strengthening beneath price
4-week change -0.18

02

Trend and deviation

97/100+11.8% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

68/1004w +3.8% · 13w -1.6%

Momentum is supportive
SMI 0.64

04

Price-volume pressure

51/10051% constructive pressure

Volume is confirming the close
Volume ratio 0.25x

05

Modeled Trend

89/100Modeled Trend 0.80

Modeled Trend is supportive
Smoothed Modeled Trend 0.81

Evidence context