- The trend backdrop is active with a 1-week active streak.
- Price is above the Trend Line, keeping the weekly tape constructive.
- Price is above Fair Value, showing premium demand versus the model.
- Activity pressure is positive on the latest completed week.
NAQ
GER
Week ended 31 Jul 2026
Weekly Investor Report
Nasdaq, Inc. · Financial Services · Financial Data & Stock Exchanges
Latest close
81.90 EUR
0.9%
latest week
Weekly setup
Constructive, but selective
The weekly trend is active. Price is 7.6% above the Trend Line and sits at 78.1% of its 52-week range. The latest completed week returned 0.9%, after a 11.3% four-week move. The latest factor snapshot indicates quality ranks strongly versus its universe; growth is moderate; valuation is expensive relative to peers. The latest news-sentiment score is 49/100. Near-term considerations: volume confirmation is below normal.
Setup score
61
out of 100
Latest Close
81.90 EUR
31 Jul 2026
1W Return
0.9%
latest completed week
4W Return
11.3%
short-term follow-through
12W Return
9.1%
quarterly tape
Trend Breadth
44.2%
23 of 52 weeks active
Volume Ratio
0.8x
vs 13-week average
- 2 reversal markers appear in the recent smart-money tape.
- Trend Line remains the key weekly regime level.
- Activity pressure is the gauge to monitor for confirmation or fade.
- A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through
0.9%
Latest completed week; four-week move 11.3%.
Indicator stack
28/100
Trend and activity pressure are weighted against the latest 12-week confirmation window.
Trend backdrop
Active
The trend backdrop defines the current weekly regime.
Patient Capital
Quiet
Activity-pressure buy-signal status for institutional accumulation timing.
Next-Week Expectancy
Positive 57.58%
Historical one-week expectancy contributes to the evidence score when direction is confirmed.
News sentiment
49/100
15 relevant articles in the latest sentiment read.
01 · Price action
Study the full chart
Where price is—and whether the trend supports it
The weekly trend is active. Price is 7.6% above the Trend Line and sits at 78.1% of its 52-week range. The latest completed week returned 0.9%, after a 11.3% four-week move.
52-week price path
Price vs Trend Line and Fair Value
Price
Trend Line
Fair Value
02 · Volume and demand
Is real participation confirming the move?
Latest weekly volume is 0.8x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.
26-week volume confirmation
Bar height shows volume; colour shows the weekly price direction
6 Feb
13 Feb
20 Feb
27 Feb
6 Mar
13 Mar
20 Mar
27 Mar
3 Apr
10 Apr
17 Apr
24 Apr
1 May
8 May
15 May
22 May
29 May
5 Jun
12 Jun
19 Jun
26 Jun
3 Jul
10 Jul
17 Jul
24 Jul
31 Jul
Up week
Down week
Demand beneath price
Activity pressure and institutional-style signals
These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.
Activity pressure path
Latest 0.4912-week average 0.32
12-week confirmation
Trend active1/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure9/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership5/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.49Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers22 reversal markers
No recent accumulation markers. 2 reversal markers.
03 · Momentum and leadership
Is performance persistent—and is the stock leading?
Performance is 11.3% over four weeks, 9.1% over 12 weeks, and 1.4% over one year. The current trend has remained active for 1 consecutive weeks.
Performance by holding period
Active trend streak1 weeks
Active weeks in one year23
Trend breadth44.2%
Activity pressure vs relative leadership
Activity pressureRelative leadership
Pressure0.68Latest activity-pressure read.
Pressure change472.1%Four-week change in activity pressure.
Leadership1.19Latest relative-leadership reading.
RS change112.3%Four-week change in relative leadership.
04 · Fundamentals and valuation
Open full factor analysis
What investors are paying for—and the quality behind it
The latest factor snapshot indicates quality ranks strongly versus its universe; growth is moderate; valuation is expensive relative to peers.
Factor week 26 Jul 2026
Financial statements through 31 Mar 2026
Field coverage 88%
Model confidence 88%
Relative factor standing
Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.
Overall factor strength24/100Blend of value, momentum, and quality. Underlying universe rank 77; rank 1 is best.
Value17/100Relative valuation strength. Underlying universe rank 84; rank 1 is best.
Quality87/100Profitability and accounting quality. Underlying universe rank 14; rank 1 is best.
Momentum36/100Medium-term price momentum. Underlying universe rank 65; rank 1 is best.
Growth43/100Revenue and earnings growth. Underlying universe rank 58; rank 1 is best.
Quality and valuation are separate questions
A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.
Valuation
How much investors are paying for earnings, sales, and cash flow.
- P/E
- 23.1x Price divided by trailing earnings.
- Price / sales
- 5.2x Market value relative to trailing revenue.
- EV / EBITDA
- 15.8x Enterprise value relative to operating cash earnings.
- Free-cash-flow yield
- 3.6% Free cash flow as a share of enterprise value.
Business quality
Margins and the return generated on invested capital.
- Gross margin
- 43.3% Gross profit retained from each unit of revenue.
- Operating margin
- 30.4% Operating profit retained from revenue.
- Free-cash-flow margin
- 22.3% Free cash flow generated from revenue.
- Return on invested capital
- 9.6% Operating return generated on invested capital.
Growth and financial strength
Recent business growth and accounting strength.
- Revenue growth
- - Latest one-year revenue growth.
- EPS growth
- - Latest one-year earnings-per-share growth.
- Free-cash-flow growth
- - Latest one-year free-cash-flow growth.
- Piotroski F-score
- 9/9 Nine-point accounting-strength checklist.
Shareholder return and balance sheet
Cash returned to owners and financial leverage.
- Dividend yield
- 1.2% Cash dividends relative to market value.
- Buyback yield
- 2.9% Net share repurchases relative to market value.
- Shareholder yield
- 4.1% Dividend yield plus net buyback yield.
- Net debt / EBITDA
- 2.5x Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment
What other market participants are doing
Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.
Insider activity-
No recent insider transactions are stored for this company.
News sentiment49/100
Weighted news tone is neutral across 15 relevant articles.
0 positive · 14 neutral · 1 negativePatient CapitalQuiet
Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal
06 · Catalysts and risk
What can move the shares—and how volatile the path has been
Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.
Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-5.5%Distance below the 52-week high.
13-week volatility4.2%Standard deviation of weekly returns.
Weekly gains and losses
Latest 26 completed weeksEach bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.
6 Feb
6 Mar
3 Apr
1 May
29 May
26 Jun
31 Jul
Weeks higher15 of 2611 weeks finished lower.
Best week+7.4%Week of 17 Jul.
Worst week-12.0%Week of 6 Feb.
Latest week+0.9%Week of 31 Jul.
Shape of recent returns
Strong gains6
Modest gains9
Flat weeks0
Modest losses4
Sharp losses7
Recent vol4.2%13-week weekly-return volatility.
Base vol3.8%52-week weekly-return volatility.
Up/down split29/23Count of positive and negative weeks in the 52-week window.
Average skew2.7% / -3.2%Average positive week versus average negative week.
07 · Sector and peer context
Is this stock leading—or simply moving with its group?
Sector and industry breadth distinguish company-specific strength from a broad group move.
SectorDE Financial Services
4-week rank5 / 95
Group average0.1%
Trend breadth58.9%
Trend58.9%active weekly trend signals
MD67.4%positive activity pressure
RS49.5%positive relative leadership
Four-week leaders
IndustryDE Financial Data & Stock Exchanges
4-week rank1 / 5
Group average-0.8%
Trend breadth60.0%
Trend60.0%active weekly trend signals
MD40.0%positive activity pressure
RS40.0%positive relative leadership
Four-week leaders
08 · Evidence and weekly data
The underlying research record
Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.
Weekly tape57/100
Trend, activity pressure, participation, and risk combine to a 57/100 tape read.
Indicator analysis39/100Latest 12-week confirmation: trend 1/12, activity pressure 9/12, relative leadership 5/12.
Activity pressure 0.49; 2 reversal markers Next-Week ExpectancyPositive 57.58%Next-week expectancy is positive with a 57.58% historical one-week setup read.
Adds short-term historical context without overriding trend, activity, or relative leadership. Factors40/100O'Shaughnessy factor stack blends value, quality, momentum, and confidence.
Buyback Yield rank 16; Small Cap Core rank 85 Patient CapitalQuietActivity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal Sentiment49/100Weighted news tone is neutral across 15 relevant articles.
Healthcare of Ontario Pension Plan Trust Fund Grows Stock Position in Nasdaq, Inc. $NDAQ Insiders50/100No recent insider transaction evidence is stored.
Earnings50/100No stored earnings event is currently attached to this ticker.
| Week | Close | Return | Trend Line | Fair Value | Pressure | Leadership | Volume | Trend |
|---|---|---|---|---|---|---|---|---|
| 31 Jul 2026 | 81.90 EUR | 0.9% | 76.09 EUR | 65.97 EUR | 0.68 | 1.19 | 1.9K | On |
| 24 Jul 2026 | 81.20 EUR | -1.6% | 76.07 EUR | 65.73 EUR | 0.47 | 2.29 | 1.2K | Off |
| 17 Jul 2026 | 82.50 EUR | 7.4% | 76.11 EUR | 65.49 EUR | 0.15 | 5.03 | 2.5K | Off |
| 10 Jul 2026 | 76.80 EUR | 4.3% | 76.06 EUR | 65.24 EUR | -0.20 | -3.03 | 1.4K | Off |
| 3 Jul 2026 | 73.60 EUR | 6.5% | 76.15 EUR | 65.02 EUR | -0.18 | -9.66 | 3.7K | Off |
| 26 Jun 2026 | 69.10 EUR | -4.8% | 76.26 EUR | 64.82 EUR | -0.20 | -11.56 | 1.3K | Off |
| 19 Jun 2026 | 72.60 EUR | -4.6% | 76.55 EUR | 64.66 EUR | 0.26 | -8.42 | 34 | Off |
| 12 Jun 2026 | 76.10 EUR | 1.2% | 76.64 EUR | 64.47 EUR | 0.65 | -2.81 | 779 | Off |
| 5 Jun 2026 | 75.19 EUR | -6.0% | 76.58 EUR | 64.27 EUR | 0.84 | -4.47 | 590 | Off |
| 29 May 2026 | 79.97 EUR | 2.6% | 76.53 EUR | 64.12 EUR | 0.88 | 0.22 | 4.4K | Off |
| 22 May 2026 | 77.98 EUR | -0.1% | 76.32 EUR | 63.92 EUR | 0.61 | -1.32 | 5.9K | Off |
| 15 May 2026 | 78.07 EUR | 4.0% | 76.23 EUR | 63.72 EUR | 0.22 | 2.77 | 2.7K | Off |
| 8 May 2026 | 75.09 EUR | -3.2% | 76.12 EUR | 63.53 EUR | -0.12 | -2.60 | 3.6K | Off |
| 1 May 2026 | 77.58 EUR | 2.8% | 76.15 EUR | 63.36 EUR | -0.35 | 0.90 | 2.1K | Off |
How to use this report
This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.