TLV ยท EQUITY ยท ENHANCED MARKET DYNAMICS

TOPG

Top Group Software Ltd

IL ยท Technology ยท Information Technology Services

EMD SCORE30/100

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.

Deterioration67% directional agreement89% evidence confidence
Completed week
28 Aug 2026
Latest close
ILA 103,400.00
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

1 supportive ยท 5 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 ILA +100+500-50-100 152,985.28105,393.4057,801.51 8 Sep 2023 ยท EMD 30/100 ยท close 77,382.24 15 Sep 2023 ยท EMD 34/100 ยท close 79,231.16 22 Sep 2023 ยท EMD 37/100 ยท close 79,803.66 29 Sep 2023 ยท EMD 33/100 ยท close 80,057.07 6 Oct 2023 ยท EMD 37/100 ยท close 81,352.24 13 Oct 2023 ยท EMD 34/100 ยท close 75,139.14 20 Oct 2023 ยท EMD 38/100 ยท close 79,784.89 27 Oct 2023 ยท EMD 34/100 ยท close 77,250.84 3 Nov 2023 ยท EMD 22/100 ยท close 69,292.07 10 Nov 2023 ยท EMD 34/100 ยท close 75,054.67 17 Nov 2023 ยท EMD 30/100 ยท close 73,224.53 24 Nov 2023 ยท EMD 31/100 ยท close 72,736.49 1 Dec 2023 ยท EMD 38/100 ยท close 77,250.84 8 Dec 2023 ยท EMD 37/100 ยท close 77,757.65 15 Dec 2023 ยท EMD 44/100 ยท close 73,928.43 22 Dec 2023 ยท EMD 34/100 ยท close 72,182.75 29 Dec 2023 ยท EMD 28/100 ยท close 68,156.44 5 Jan 2024 ยท EMD 37/100 ยท close 72,858.50 12 Jan 2024 ยท EMD 39/100 ยท close 75,561.48 19 Jan 2024 ยท EMD 28/100 ยท close 69,263.91 26 Jan 2024 ยท EMD 46/100 ยท close 75,552.10 2 Feb 2024 ยท EMD 27/100 ยท close 66,636.01 9 Feb 2024 ยท EMD 38/100 ยท close 70,371.38 16 Feb 2024 ยท EMD 41/100 ยท close 69,282.68 23 Feb 2024 ยท EMD 43/100 ยท close 73,327.77 1 Mar 2024 ยท EMD 43/100 ยท close 71,497.62 8 Mar 2024 ยท EMD 40/100 ยท close 70,014.74 15 Mar 2024 ยท EMD 40/100 ยท close 67,856.11 22 Mar 2024 ยท EMD 27/100 ยท close 62,900.64 29 Mar 2024 ยท EMD 45/100 ยท close 68,963.58 5 Apr 2024 ยท EMD 60/100 ยท close 80,779.74 12 Apr 2024 ยท EMD 62/100 ยท close 82,581.73 19 Apr 2024 ยท EMD 59/100 ยท close 78,898.47 26 Apr 2024 ยท EMD 67/100 ยท close 84,939.99 3 May 2024 ยท EMD 76/100 ยท close 85,415.16 10 May 2024 ยท EMD 64/100 ยท close 80,285.21 17 May 2024 ยท EMD 73/100 ยท close 80,459.77 24 May 2024 ยท EMD 65/100 ยท close 79,848.83 31 May 2024 ยท EMD 53/100 ยท close 77,540.83 7 Jun 2024 ยท EMD 58/100 ยท close 77,705.69 14 Jun 2024 ยท EMD 64/100 ยท close 79,771.25 21 Jun 2024 ยท EMD 59/100 ยท close 76,260.77 28 Jun 2024 ยท EMD 58/100 ยท close 76,241.38 5 Jul 2024 ยท EMD 53/100 ยท close 75,349.21 12 Jul 2024 ยท EMD 56/100 ยท close 78,529.97 19 Jul 2024 ยท EMD 66/100 ยท close 81,254.96 26 Jul 2024 ยท EMD 71/100 ยท close 84,086.61 2 Aug 2024 ยท EMD 81/100 ยท close 87,005.55 9 Aug 2024 ยท EMD 75/100 ยท close 85,095.15 16 Aug 2024 ยท EMD 76/100 ยท close 85,841.85 23 Aug 2024 ยท EMD 70/100 ยท close 83,553.25 30 Aug 2024 ยท EMD 77/100 ยท close 88,178.94 6 Sep 2024 ยท EMD 75/100 ยท close 86,617.65 13 Sep 2024 ยท EMD 62/100 ยท close 80,498.55 20 Sep 2024 ยท EMD 60/100 ยท close 77,986.91 27 Sep 2024 ยท EMD 70/100 ยท close 84,338.75 4 Oct 2024 ยท EMD 61/100 ยท close 83,019.89 11 Oct 2024 ยท EMD 69/100 ยท close 84,348.44 18 Oct 2024 ยท EMD 67/100 ยท close 84,881.81 25 Oct 2024 ยท EMD 68/100 ยท close 86,792.20 1 Nov 2024 ยท EMD 58/100 ยท close 83,504.76 8 Nov 2024 ยท EMD 56/100 ยท close 84,358.14 15 Nov 2024 ยท EMD 69/100 ยท close 87,257.68 22 Nov 2024 ยท EMD 68/100 ยท close 87,839.53 29 Nov 2024 ยท EMD 83/100 ยท close 99,010.99 6 Dec 2024 ยท EMD 78/100 ยท close 99,495.87 13 Dec 2024 ยท EMD 80/100 ยท close 102,696.02 20 Dec 2024 ยท EMD 79/100 ยท close 102,114.18 27 Dec 2024 ยท EMD 83/100 ยท close 103,083.92 3 Jan 2025 ยท EMD 92/100 ยท close 113,460.19 10 Jan 2025 ยท EMD 85/100 ยท close 109,581.21 17 Jan 2025 ยท EMD 87/100 ยท close 111,811.63 24 Jan 2025 ยท EMD 89/100 ยท close 113,266.25 31 Jan 2025 ยท EMD 80/100 ยท close 107,835.67 7 Feb 2025 ยท EMD 72/100 ยท close 104,538.54 14 Feb 2025 ยท EMD 83/100 ยท close 109,581.21 21 Feb 2025 ยท EMD 84/100 ยท close 116,757.34 28 Feb 2025 ยท EMD 81/100 ยท close 124,030.42 7 Mar 2025 ยท EMD 88/100 ยท close 124,030.42 14 Mar 2025 ยท EMD 88/100 ยท close 126,357.81 21 Mar 2025 ยท EMD 77/100 ยท close 116,466.41 28 Mar 2025 ยท EMD 84/100 ยท close 125,291.09 4 Apr 2025 ยท EMD 77/100 ยท close 124,709.24 11 Apr 2025 ยท EMD 81/100 ยท close 127,230.58 18 Apr 2025 ยท EMD 86/100 ยท close 130,139.82 25 Apr 2025 ยท EMD 84/100 ยท close 134,503.67 2 May 2025 ยท EMD 86/100 ยท close 135,570.39 9 May 2025 ยท EMD 85/100 ยท close 134,406.70 16 May 2025 ยท EMD 85/100 ยท close 135,764.34 23 May 2025 ยท EMD 75/100 ยท close 128,491.25 30 May 2025 ยท EMD 74/100 ยท close 133,049.05 6 Jun 2025 ยท EMD 69/100 ยท close 126,551.76 13 Jun 2025 ยท EMD 56/100 ยท close 121,703.03 20 Jun 2025 ยท EMD 63/100 ยท close 128,200.33 27 Jun 2025 ยท EMD 70/100 ยท close 137,897.78 4 Jul 2025 ยท EMD 59/100 ยท close 133,824.85 11 Jul 2025 ยท EMD 75/100 ยท close 145,170.87 18 Jul 2025 ยท EMD 76/100 ยท close 146,625.48 25 Jul 2025 ยท EMD 75/100 ยท close 147,886.15 1 Aug 2025 ยท EMD 72/100 ยท close 143,037.42 8 Aug 2025 ยท EMD 64/100 ยท close 138,382.65 15 Aug 2025 ยท EMD 54/100 ยท close 131,497.46 22 Aug 2025 ยท EMD 47/100 ยท close 126,745.70 29 Aug 2025 ยท EMD 48/100 ยท close 127,036.64 5 Sep 2025 ยท EMD 38/100 ยท close 125,969.91 12 Sep 2025 ยท EMD 44/100 ยท close 129,073.10 19 Sep 2025 ยท EMD 46/100 ยท close 128,976.13 26 Sep 2025 ยท EMD 43/100 ยท close 130,236.80 3 Oct 2025 ยท EMD 49/100 ยท close 136,540.14 10 Oct 2025 ยท EMD 48/100 ยท close 138,770.55 17 Oct 2025 ยท EMD 57/100 ยท close 143,813.23 24 Oct 2025 ยท EMD 55/100 ยท close 140,807.02 31 Oct 2025 ยท EMD 60/100 ยท close 146,722.46 7 Nov 2025 ยท EMD 48/100 ยท close 137,509.88 14 Nov 2025 ยท EMD 51/100 ยท close 136,249.22 21 Nov 2025 ยท EMD 57/100 ยท close 141,291.89 28 Nov 2025 ยท EMD 36/100 ยท close 128,588.23 5 Dec 2025 ยท EMD 46/100 ยท close 128,103.35 12 Dec 2025 ยท EMD 31/100 ยท close 123,836.48 19 Dec 2025 ยท EMD 27/100 ยท close 122,187.91 26 Dec 2025 ยท EMD 38/100 ยท close 123,060.67 2 Jan 2026 ยท EMD 37/100 ยท close 125,969.91 9 Jan 2026 ยท EMD 44/100 ยท close 134,018.79 16 Jan 2026 ยท EMD 37/100 ยท close 130,527.72 23 Jan 2026 ยท EMD 36/100 ยท close 128,297.30 30 Jan 2026 ยท EMD 39/100 ยท close 126,357.80 6 Feb 2026 ยท EMD 23/100 ยท close 118,696.82 13 Feb 2026 ยท EMD 21/100 ยท close 119,278.67 20 Feb 2026 ยท EMD 26/100 ยท close 115,593.63 27 Feb 2026 ยท EMD 45/100 ยท close 128,491.25 6 Mar 2026 ยท EMD 43/100 ยท close 129,751.92 13 Mar 2026 ยท EMD 38/100 ยท close 126,260.84 20 Mar 2026 ยท EMD 43/100 ยท close 127,230.58 27 Mar 2026 ยท EMD 27/100 ยท close 118,211.95 3 Apr 2026 ยท EMD 34/100 ยท close 121,509.08 10 Apr 2026 ยท EMD 29/100 ยท close 113,848.09 17 Apr 2026 ยท EMD 35/100 ยท close 121,024.21 24 Apr 2026 ยท EMD 37/100 ยท close 123,000.00 1 May 2026 ยท EMD 28/100 ยท close 120,000.00 8 May 2026 ยท EMD 42/100 ยท close 123,200.00 15 May 2026 ยท EMD 44/100 ยท close 124,200.00 22 May 2026 ยท EMD 40/100 ยท close 119,200.00 29 May 2026 ยท EMD 32/100 ยท close 110,100.00 5 Jun 2026 ยท EMD 27/100 ยท close 104,600.00 12 Jun 2026 ยท EMD 26/100 ยท close 105,000.00 19 Jun 2026 ยท EMD 30/100 ยท close 104,900.00 26 Jun 2026 ยท EMD 39/100 ยท close 108,100.00 3 Jul 2026 ยท EMD 34/100 ยท close 105,100.00 10 Jul 2026 ยท EMD 31/100 ยท close 99,860.00 17 Jul 2026 ยท EMD 32/100 ยท close 98,810.00 24 Jul 2026 ยท EMD 30/100 ยท close 103,800.00 31 Jul 2026 ยท EMD 35/100 ยท close 111,100.00 7 Aug 2026 ยท EMD 32/100 ยท close 103,900.00 14 Aug 2026 ยท EMD 37/100 ยท close 104,500.00 21 Aug 2026 ยท EMD 31/100 ยท close 103,100.00 28 Aug 2026 ยท EMD 30/100 ยท close 103,400.00 10 Nov 2023 ยท Up-cycle confirmed ยท close 75,054.67 5 Jan 2024 ยท Up-cycle confirmed ยท close 72,858.50 26 Jan 2024 ยท Up-cycle confirmed ยท close 75,552.10 9 Feb 2024 ยท Up-cycle confirmed ยท close 70,371.38 23 Feb 2024 ยท Up-cycle confirmed ยท close 73,327.77 5 Apr 2024 ยท Up-cycle confirmed ยท close 80,779.74 8 Aug 2025 ยท Down-cycle confirmed ยท close 138,382.65 7 Nov 2025 ยท Down-cycle confirmed ยท close 137,509.88 28 Nov 2025 ยท Down-cycle confirmed ยท close 128,588.23 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 44%Current EMD -39.94-week EMD change -10.8156-week price range ILA 62,900.64โ€“147,886.15

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

26/100-0.51

Cautious pressure beneath price
4-week change +0.50

02

Trend and deviation

6/100-9.2% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

36/1004w -6.9% ยท 13w -6.1%

Momentum is applying downside pressure
SMI 0.05

04

Price-volume pressure

35/10035% constructive pressure

Volume is leaning against the close
Volume ratio 1.00x

05

Relative leadership

2/100-22.21

The ticker is lagging its benchmark
4-week change -2.57

06

Modeled Trend

62/100Modeled Trend 0.10

Modeled Trend is supportive
Smoothed Modeled Trend 0.30

Evidence context