MIL ยท ETF ยท ENHANCED MARKET DYNAMICS

SB5

UBS ETF SICAV - SBI Foreign AAA-BBB 1-5 UCITS ETF

IT

EMD SCORE33/100

CURRENT COMPLETED-WEEK READ

Cautious

The balance of evidence is weakening and risk control deserves more attention. Conditions are cautious and have weakened over the latest four completed weeks.

Deterioration60% directional agreement87% evidence confidence
Completed week
28 Aug 2026
Latest close
EUR 12.30
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

1 supportive ยท 4 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
8 Sep 2023โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท EUR +100+500-50-100 12.9512.0611.16 8 Sep 2023 ยท EMD 59/100 ยท close 11.40 15 Sep 2023 ยท EMD 61/100 ยท close 11.38 22 Sep 2023 ยท EMD 56/100 ยท close 11.27 29 Sep 2023 ยท EMD 66/100 ยท close 11.27 6 Oct 2023 ยท EMD 63/100 ยท close 11.34 13 Oct 2023 ยท EMD 69/100 ยท close 11.49 20 Oct 2023 ยท EMD 78/100 ยท close 11.56 27 Oct 2023 ยท EMD 65/100 ยท close 11.47 3 Nov 2023 ยท EMD 63/100 ยท close 11.43 10 Nov 2023 ยท EMD 57/100 ยท close 11.39 17 Nov 2023 ยท EMD 63/100 ยท close 11.40 24 Nov 2023 ยท EMD 57/100 ยท close 11.40 1 Dec 2023 ยท EMD 62/100 ยท close 11.70 8 Dec 2023 ยท EMD 64/100 ยท close 11.72 15 Dec 2023 ยท EMD 65/100 ยท close 11.76 22 Dec 2023 ยท EMD 75/100 ยท close 11.82 29 Dec 2023 ยท EMD 69/100 ยท close 11.97 5 Jan 2024 ยท EMD 64/100 ยท close 11.92 12 Jan 2024 ยท EMD 68/100 ยท close 11.88 19 Jan 2024 ยท EMD 62/100 ยท close 11.75 26 Jan 2024 ยท EMD 67/100 ยท close 11.82 2 Feb 2024 ยท EMD 65/100 ยท close 11.89 9 Feb 2024 ยท EMD 58/100 ยท close 11.76 16 Feb 2024 ยท EMD 60/100 ยท close 11.74 23 Feb 2024 ยท EMD 56/100 ยท close 11.68 1 Mar 2024 ยท EMD 52/100 ยท close 11.63 8 Mar 2024 ยท EMD 53/100 ยท close 11.66 15 Mar 2024 ยท EMD 49/100 ยท close 11.59 22 Mar 2024 ยท EMD 49/100 ยท close 11.52 29 Mar 2024 ยท EMD 46/100 ยท close 11.52 5 Apr 2024 ยท EMD 48/100 ยท close 11.50 12 Apr 2024 ยท EMD 46/100 ยท close 11.55 19 Apr 2024 ยท EMD 46/100 ยท close 11.55 26 Apr 2024 ยท EMD 40/100 ยท close 11.47 3 May 2024 ยท EMD 41/100 ยท close 11.46 10 May 2024 ยท EMD 48/100 ยท close 11.47 17 May 2024 ยท EMD 38/100 ยท close 11.37 24 May 2024 ยท EMD 38/100 ยท close 11.26 31 May 2024 ยท EMD 44/100 ยท close 11.37 7 Jun 2024 ยท EMD 44/100 ยท close 11.52 14 Jun 2024 ยท EMD 52/100 ยท close 11.76 21 Jun 2024 ยท EMD 49/100 ยท close 11.76 28 Jun 2024 ยท EMD 51/100 ยท close 11.71 5 Jul 2024 ยท EMD 51/100 ยท close 11.59 12 Jul 2024 ยท EMD 47/100 ยท close 11.57 19 Jul 2024 ยท EMD 51/100 ยท close 11.68 26 Jul 2024 ยท EMD 53/100 ยท close 11.81 2 Aug 2024 ยท EMD 73/100 ยท close 12.13 9 Aug 2024 ยท EMD 67/100 ยท close 12.03 16 Aug 2024 ยท EMD 59/100 ยท close 11.91 23 Aug 2024 ยท EMD 66/100 ยท close 12.00 30 Aug 2024 ยท EMD 66/100 ยท close 12.11 6 Sep 2024 ยท EMD 73/100 ยท close 12.20 13 Sep 2024 ยท EMD 67/100 ยท close 12.14 20 Sep 2024 ยท EMD 66/100 ยท close 12.01 27 Sep 2024 ยท EMD 74/100 ยท close 12.15 4 Oct 2024 ยท EMD 66/100 ยท close 12.14 11 Oct 2024 ยท EMD 66/100 ยท close 12.17 18 Oct 2024 ยท EMD 67/100 ยท close 12.21 25 Oct 2024 ยท EMD 63/100 ยท close 12.22 1 Nov 2024 ยท EMD 57/100 ยท close 12.14 8 Nov 2024 ยท EMD 71/100 ยท close 12.25 15 Nov 2024 ยท EMD 70/100 ยท close 12.28 22 Nov 2024 ยท EMD 75/100 ยท close 12.37 29 Nov 2024 ยท EMD 75/100 ยท close 12.38 6 Dec 2024 ยท EMD 72/100 ยท close 12.45 13 Dec 2024 ยท EMD 59/100 ยท close 12.29 20 Dec 2024 ยท EMD 77/100 ยท close 12.42 27 Dec 2024 ยท EMD 65/100 ยท close 12.30 3 Jan 2025 ยท EMD 68/100 ยท close 12.33 10 Jan 2025 ยท EMD 60/100 ยท close 12.27 17 Jan 2025 ยท EMD 52/100 ยท close 12.28 24 Jan 2025 ยท EMD 49/100 ยท close 12.10 31 Jan 2025 ยท EMD 56/100 ยท close 12.22 7 Feb 2025 ยท EMD 52/100 ยท close 12.28 14 Feb 2025 ยท EMD 50/100 ยท close 12.22 21 Feb 2025 ยท EMD 55/100 ยท close 12.23 28 Feb 2025 ยท EMD 57/100 ยท close 12.30 7 Mar 2025 ยท EMD 40/100 ยท close 12.05 14 Mar 2025 ยท EMD 36/100 ยท close 11.91 21 Mar 2025 ยท EMD 44/100 ยท close 12.02 28 Mar 2025 ยท EMD 41/100 ยท close 12.06 4 Apr 2025 ยท EMD 51/100 ยท close 12.28 11 Apr 2025 ยท EMD 57/100 ยท close 12.48 18 Apr 2025 ยท EMD 48/100 ยท close 12.42 25 Apr 2025 ยท EMD 51/100 ยท close 12.27 2 May 2025 ยท EMD 55/100 ยท close 12.40 9 May 2025 ยท EMD 53/100 ยท close 12.45 16 May 2025 ยท EMD 64/100 ยท close 12.42 23 May 2025 ยท EMD 61/100 ยท close 12.52 30 May 2025 ยท EMD 62/100 ยท close 12.49 6 Jun 2025 ยท EMD 57/100 ยท close 12.42 13 Jun 2025 ยท EMD 60/100 ยท close 12.42 20 Jun 2025 ยท EMD 57/100 ยท close 12.35 27 Jun 2025 ยท EMD 65/100 ยท close 12.44 4 Jul 2025 ยท EMD 57/100 ยท close 12.45 11 Jul 2025 ยท EMD 60/100 ยท close 12.48 18 Jul 2025 ยท EMD 60/100 ยท close 12.48 25 Jul 2025 ยท EMD 58/100 ยท close 12.49 1 Aug 2025 ยท EMD 58/100 ยท close 12.44 8 Aug 2025 ยท EMD 48/100 ยท close 12.32 15 Aug 2025 ยท EMD 52/100 ยท close 12.34 22 Aug 2025 ยท EMD 50/100 ยท close 12.34 29 Aug 2025 ยท EMD 52/100 ยท close 12.39 5 Sep 2025 ยท EMD 58/100 ยท close 12.39 12 Sep 2025 ยท EMD 51/100 ยท close 12.41 19 Sep 2025 ยท EMD 52/100 ยท close 12.41 26 Sep 2025 ยท EMD 52/100 ยท close 12.41 3 Oct 2025 ยท EMD 53/100 ยท close 12.41 10 Oct 2025 ยท EMD 55/100 ยท close 12.45 17 Oct 2025 ยท EMD 60/100 ยท close 12.56 24 Oct 2025 ยท EMD 52/100 ยท close 12.56 31 Oct 2025 ยท EMD 60/100 ยท close 12.53 7 Nov 2025 ยท EMD 59/100 ยท close 12.47 14 Nov 2025 ยท EMD 63/100 ยท close 12.58 21 Nov 2025 ยท EMD 52/100 ยท close 12.47 28 Nov 2025 ยท EMD 58/100 ยท close 12.45 5 Dec 2025 ยท EMD 55/100 ยท close 12.38 12 Dec 2025 ยท EMD 48/100 ยท close 12.38 19 Dec 2025 ยท EMD 47/100 ยท close 12.41 26 Dec 2025 ยท EMD 48/100 ยท close 12.45 2 Jan 2026 ยท EMD 47/100 ยท close 12.46 9 Jan 2026 ยท EMD 40/100 ยท close 12.43 16 Jan 2026 ยท EMD 47/100 ยท close 12.45 23 Jan 2026 ยท EMD 52/100 ยท close 12.49 30 Jan 2026 ยท EMD 64/100 ยท close 12.69 6 Feb 2026 ยท EMD 63/100 ยท close 12.70 13 Feb 2026 ยท EMD 64/100 ยท close 12.77 20 Feb 2026 ยท EMD 67/100 ยท close 12.76 27 Feb 2026 ยท EMD 71/100 ยท close 12.84 6 Mar 2026 ยท EMD 68/100 ยท close 12.85 13 Mar 2026 ยท EMD 61/100 ยท close 12.80 20 Mar 2026 ยท EMD 65/100 ยท close 12.69 27 Mar 2026 ยท EMD 60/100 ยท close 12.58 3 Apr 2026 ยท EMD 58/100 ยท close 12.55 10 Apr 2026 ยท EMD 52/100 ยท close 12.53 17 Apr 2026 ยท EMD 54/100 ยท close 12.61 24 Apr 2026 ยท EMD 51/100 ยท close 12.58 1 May 2026 ยท EMD 54/100 ยท close 12.62 8 May 2026 ยท EMD 53/100 ยท close 12.65 15 May 2026 ยท EMD 54/100 ยท close 12.65 22 May 2026 ยท EMD 53/100 ยท close 12.66 29 May 2026 ยท EMD 59/100 ยท close 12.70 5 Jun 2026 ยท EMD 52/100 ยท close 12.62 12 Jun 2026 ยท EMD 50/100 ยท close 12.56 19 Jun 2026 ยท EMD 44/100 ยท close 12.53 26 Jun 2026 ยท EMD 45/100 ยท close 12.62 3 Jul 2026 ยท EMD 46/100 ยท close 12.63 10 Jul 2026 ยท EMD 46/100 ยท close 12.50 17 Jul 2026 ยท EMD 49/100 ยท close 12.55 24 Jul 2026 ยท EMD 42/100 ยท close 12.43 31 Jul 2026 ยท EMD 42/100 ยท close 12.44 7 Aug 2026 ยท EMD 47/100 ยท close 12.42 14 Aug 2026 ยท EMD 36/100 ยท close 12.27 21 Aug 2026 ยท EMD 41/100 ยท close 12.32 28 Aug 2026 ยท EMD 33/100 ยท close 12.30 29 Dec 2023 ยท Up-cycle confirmed ยท close 11.97 2 Aug 2024 ยท Up-cycle confirmed ยท close 12.13 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 64%Current EMD -34.84-week EMD change -17.9156-week price range EUR 11.26โ€“12.85

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

17/100-1.09

Cautious pressure beneath price
4-week change -0.07

02

Trend and deviation

23/100-2.3% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

52/1004w -1.1% ยท 13w -3.1%

Momentum is supportive
SMI 0.27

04

Price-volume pressure

13/10013% constructive pressure

Volume is leaning against the close
Volume ratio 8.47x

05

Relative leadership

10/100-13.36

The ticker is lagging its benchmark
4-week change -0.35

06

Modeled Trend

68/100Modeled Trend 0.21

Modeled Trend is supportive
Smoothed Modeled Trend 0.37

Evidence context