LSE · ETF · ENHANCED MARKET DYNAMICS

CMNG

LEGAL & GENERAL UCITS ETF PUBLI

GB

Open Chart Terminal
EMD SCORE50/100

CURRENT COMPLETED-WEEK READ

Balanced

Constructive and cautious evidence are close enough to require confirmation. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build0% directional agreement57% evidence confidence
Completed week
28 Aug 2026
Latest close
GBP 7.06
Evidence
40 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

2 supportive · 2 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.
28 Nov 2025–28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE · GBP +100+500-50-100 10.628.636.64 28 Nov 2025 · EMD 45/100 · close 9.88 5 Dec 2025 · EMD 45/100 · close 9.75 12 Dec 2025 · EMD 45/100 · close 10.17 19 Dec 2025 · EMD 45/100 · close 10.20 26 Dec 2025 · EMD 46/100 · close 10.18 2 Jan 2026 · EMD 47/100 · close 10.29 9 Jan 2026 · EMD 46/100 · close 10.41 16 Jan 2026 · EMD 40/100 · close 7.79 23 Jan 2026 · EMD 40/100 · close 7.34 30 Jan 2026 · EMD 40/100 · close 7.13 6 Feb 2026 · EMD 41/100 · close 7.32 13 Feb 2026 · EMD 44/100 · close 7.41 20 Feb 2026 · EMD 48/100 · close 7.51 27 Feb 2026 · EMD 47/100 · close 7.53 6 Mar 2026 · EMD 42/100 · close 7.45 13 Mar 2026 · EMD 47/100 · close 7.31 20 Mar 2026 · EMD 44/100 · close 7.14 27 Mar 2026 · EMD 44/100 · close 7.22 3 Apr 2026 · EMD 44/100 · close 7.01 10 Apr 2026 · EMD 42/100 · close 6.85 17 Apr 2026 · EMD 47/100 · close 7.09 24 Apr 2026 · EMD 49/100 · close 7.09 1 May 2026 · EMD 45/100 · close 6.98 8 May 2026 · EMD 49/100 · close 7.02 15 May 2026 · EMD 48/100 · close 7.09 22 May 2026 · EMD 48/100 · close 7.15 29 May 2026 · EMD 49/100 · close 7.22 5 Jun 2026 · EMD 56/100 · close 7.32 12 Jun 2026 · EMD 52/100 · close 7.36 19 Jun 2026 · EMD 52/100 · close 7.45 26 Jun 2026 · EMD 48/100 · close 7.45 3 Jul 2026 · EMD 48/100 · close 7.37 10 Jul 2026 · EMD 49/100 · close 7.35 17 Jul 2026 · EMD 47/100 · close 7.18 24 Jul 2026 · EMD 47/100 · close 7.08 31 Jul 2026 · EMD 45/100 · close 7.08 7 Aug 2026 · EMD 50/100 · close 7.22 14 Aug 2026 · EMD 49/100 · close 7.13 21 Aug 2026 · EMD 47/100 · close 7.09 28 Aug 2026 · EMD 50/100 · close 7.06 16 Jan 2026 · Down-cycle confirmed · close 7.79 20 Feb 2026 · Up-cycle confirmed · close 7.51 19 Jun 2026 · Up-cycle confirmed · close 7.45 28 Nov 202517 Apr 202628 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 14%Current EMD +0.24-week EMD change +9.8156-week price range GBP 6.85–10.41

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

62/1000.51

Strengthening beneath price
4-week change +0.09

02

Trend and deviation

24/100-2.2% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

54/1004w -0.2% · 13w -2.2%

Momentum is supportive
SMI 0.22

04

Price-volume pressure

42/10042% constructive pressure

Volume is leaning against the close
Volume ratio 2.40x

05

Modeled Trend

70/100Modeled Trend 0.35

Modeled Trend is supportive
Smoothed Modeled Trend 0.28

Evidence context