260 completed weekly observations ยท 25 Sep 2026

VIE ยท Equity ยท technical research

GRF Technicals

Grifols, S.A.

Healthcare ยท Drug Manufacturers - General

RotationalPrice-technical state

Week ending25 September 2026
+0.3%
Open
9.55
High
9.70
Low
9.26
Close
9.63 EUR
Open chart Market Dynamics Report โ†—
Research for GRF
Crowd view ยท No votes yet
Crowd view
No votes yet

Price structureRotationalcompleted-week alignment
Momentum48.8Negative
Risk pressure3.7%Contained
Trend quality16.4Range-led
Range position61%location inside observed range
Adaptive set6 viewsselected for the current tape

01 ยท Market Dynamics

Price and underlying support

Weekly close ยท published Market Dynamics
Positive Market Dynamics has weakened while price remains rotational

Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has not yet established a clear direction.

Preparing Market Dynamics chart Checking the chart library, completed-week data and display size.
Weekly close Supportive Market Dynamics Cautious Market Dynamics Accumulation zone Distribution zone Positioning recovery Reversal warning Reversal danger
Current tape relationship
Positive support is weakening

Market Dynamics eased this week but remains positive.

Price location
Between zones

Price is travelling between the two major positioning zones.

Latest positioning marker
None in view

Entering the lower zone alone does not create a positioning confirmation.

Market Dynamics confirmation
Weakening

Underlying support has contracted across the recent completed path.

Chart contextPrice is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.

InterpretationTreat the weaker support as caution until price and Market Dynamics establish clearer agreement.

Reading the zones and markers

The line shows completed weekly price. Market Dynamics describes the underlying support. Green marks a recovery through the accumulation zone; amber and red identify reversal warnings and danger. Price can stay in the distribution zone while advancing. Read the zones, markers and Market Dynamics together; they do not identify individual trades or prove who is participating.

02 ยท Technical indicators

The price move needs stronger confirmation.

6 selected views ยท 156 observations

Price and its trend references do not yet establish one direction. Trend strength remains modest, making the recent range worth watching. Market Dynamics is not fully confirming the price structure; compare both readings before treating the move as broadly supported.

Fast trend reference 9.72 EURClose -0.9%Slow trend reference 9.68 EURClose -0.5%Selection adapts to the setup and available history.

Structure

Price and trend

Price9.63

Rotational. Price anchors every interpretation against the same completed observations.

Watch Watch whether price holds its trend references or begins to cross back through them.

Values and chart guide ยท 2026-09-25

Price is shown against fast and slow trend references with its current volatility envelope.

Close
9.63
Fast trend
9.72
Slow trend
9.68
Upper envelope
10.35
Lower envelope
8.62

Available history begins 2023-10-06. Missing observations remain gaps.

Structure

Position in the recent range

Range position60.92%

Inside the recent range. Range location is especially useful when a trend is not yet firmly established.

Watch Look for acceptance outside the range or a return toward its middle, supported by momentum.

Values and chart guide ยท 2026-09-25

Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.

Range position
60.92
From high
-6.51
From low
12.18

Available history begins 2023-10-06. Missing observations remain gaps.

Momentum

Momentum

Momentum48.84

Negative pressure. Momentum helps test whether the latest price direction has follow-through.

Watch Watch for pressure to turn with price. A stretched reading alone does not establish a reversal.

Values and chart guide ยท 2026-09-25

Two independent momentum views show whether pressure is broadening, fading or stretched.

Momentum
48.84
Rotation
52.54
Rotation signal
57.85

Available history begins 2023-10-06. Missing observations remain gaps.

Risk

Range and volatility

Range pressure3.72%

Compressed range. Compression can precede a change in pace; direction still needs price confirmation.

Watch Watch whether a range expansion gains directional follow-through or quickly reverses.

Values and chart guide ยท 2026-09-25

Movement pressure and envelope width show whether risk is expanding, settling or compressed.

Range pressure
3.72
Envelope width
18.29

Available history begins 2023-10-06. Missing observations remain gaps.

Leadership

Relative strength

Relative strength-22.38

Lagging the benchmark. Benchmark context tests whether the move is company leadership or broader market participation.

Watch Watch whether relative strength confirms the absolute trend or continues to disagree.

Values and chart guide ยท 2026-09-25

Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.

Relative strength
-22.38

Available history begins 2023-10-06. Missing observations remain gaps.

Risk

Drawdown and recovery

Drawdown-52.59%

Recovery still incomplete. Distance below the observed high separates recovery from an established new high.

Watch A recovery can improve while price remains below its former high. Track both parts of the path.

Values and chart guide ยท 2026-09-25

Capital impairment and recovery are shown together so return is not separated from path difficulty.

Drawdown
-52.59
Recovery
9.26

Available history begins 2023-10-06. Missing observations remain gaps.

More indicators2 additional views from the same history

Structure

Trend strength and direction

Trend strength16.36

Range-led movement. Trend strength helps decide how much weight to put on momentum extremes.

Watch Strength measures persistence, not direction. Compare positive and negative control before interpreting it.

Values and chart guide ยท 2026-09-25

Directional pressure shows which side controls the tape while strength remains direction-neutral.

Trend strength
16.36
Positive direction
27.03
Negative direction
29.29

Available history begins 2023-10-06. Missing observations remain gaps.

Momentum

Momentum change

Impulse expansion0.072

Positive impulse, easing. Acceleration can reveal a change before the broader price structure fully responds.

Watch A return through the neutral line deserves attention when trend and participation also change.

Values and chart guide ยท 2026-09-25

The impulse path separates directional acceleration from a loss of momentum.

Impulse
0.013
Signal
-0.0591
Expansion
0.0721

Available history begins 2023-10-06. Missing observations remain gaps.

03 ยท Scenarios

Conditions to monitor

Possible developments ยท no assigned probabilities
Upward resolution

Price gains acceptance above the range

An advance has stronger context when momentum, participation and Market Dynamics improve together and price holds the new ground.

Continued rotation

Moves return inside the range

Momentum turns without lasting price progress. Keep the range boundaries in view until a direction persists.

Downward resolution

The lower range gives way

A break has stronger context when downside momentum builds and relative strength weakens. Check whether a following completed observation holds below the range.

Sharemaestro tape intelligence

SM gauge assessment

One assessment resolves price structure and Market Dynamics. The supporting views show the control, force, direction and confidence behind it.

100/100 evidence depth
price action evidence only
Market Dynamics has stronger support The gauges support the upward view

The completed evidence gives the upward view the clearer support.

SM Consensus Gauge+0.7

Market Dynamics has stronger support

SM Control Gauge+8.2

Control support is limited

SM Force Gauge+10.3

Commitment is limited

SM Direction Gauge+14.7

Upward follow-through

SM Confirmation Gauge26/100

Limited support

SM consensus path ยท Market Dynamics display window

SM Consensus Gauge against price

The bars show the direction and strength of the resolved assessment. Completed price is retained as context.

Latest +0.7
Market Dynamics has stronger support
Supportive consensus Cautious consensus Weekly close Neutral

Control

SM Control Gauge

Shows whether buyer or seller control supports the current assessment and whether that support is strengthening or easing.

Current controlControl support is limitedRecent pathControl support is easingLatest 12 months
Buyer controlSeller controlBalanced

Commitment

SM Force Gauge

Shows the strength of market commitment behind the current assessment.

Current forceCommitment is limitedRecent pathBroadly stableLatest 12 months
Positive forceNegative forceActivity intensity

Direction and follow-through

SM Direction Gauge

Shows the directional follow-through behind the current assessment and whether it is established or still developing.

Current directionUpward follow-throughFollow-throughDevelopingLatest 12 months
Advancing directionDeclining directionFollow-through

Assessment strength

SM Confirmation Gauge

Shows how firmly the current assessment is supported. Greater assessment risk reduces the weight of the conclusion.

ConfirmationLimited supportAssessment riskPresentLatest 12 months
SM Confirmation GaugeAssessment risk

05 ยท Historical record

Evidence from previous conditions

Completed cases ยท open cases excluded from outcomes

GRF ยท current evidence

Current conditions

Use the weaker four-week path as caution until price and Market Dynamics establish clearer agreement.

1
NowEasier this week

Market Dynamics eased this week but remains positive.

2
Recent directionWeakened over four weeks

Underlying support has contracted across the recent completed path.

3
Price responsePrice has no clear direction

Price remains rotational while the Market Dynamics condition develops.

4
Previous casesRecord building
What strengthens this viewTreat the weaker support as caution until price and Market Dynamics establish clearer agreement.What would change itReassess the reading when either price structure or the Market Dynamics state changes materially.

Completed observations

Historical comparisons

Zone visits are counted once and followed through completed weekly closes. Open cases remain separate.

Price relationship Meaningful relationship
Same-week correlation
0.30
Direction agreed
53.7%
Completed comparisons
255
After accumulation1 distinct visit
4 weeks100.0% higher1 outcome 12 weeks100.0% higher1 outcome 26 weeks100.0% higher1 outcome

Average time before leaving the zone: 1.0 weeks.

After distribution1 distinct visit
4 weeks100.0% lower1 outcome 12 weeks100.0% lower1 outcome 26 weeks100.0% lower1 outcome

Average time before leaving the zone: 1.0 weeks.

When the two readings agreed or differed

Completed outcomes by condition

These cases compare price direction with Market Dynamics and show how large disagreements were resolved.

Price higher ยท Market Dynamics positive 47.4% were higher

Average 12-week move: 0.5% from 19 completed cases.

Price lower ยท Market Dynamics negative 38.9% were lower

Average 12-week move: 8.8% from 18 completed cases.

Price higher ยท Market Dynamics cautious Average pullback 9.9%

50.0% were lower after 12 weeks. The deepest pullback arrived after 5.0 weeks on average.

Price cautious ยท Market Dynamics positive Average recovery 15.4%

50.0% were higher after 12 weeks. The strongest recovery arrived after 6.6 weeks on average.

How to use the reading

Strategy observations from this ticker's own record

The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.

Zone positioning
Use accumulation to prepare the long case, then wait for confirmation

After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 1.0 weeks on average before leaving the zone.

ApproachBuild the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.

Review the case whenA failed price response or renewed weakness removes the reason to increase long exposure.

Disagreement playbook
Use improving Market Dynamics to prepare, not anticipate

Comparable disagreements produced an average recovery of 15.4% across 18 completed cases, with the largest move arriving after 6.6 weeks on average.

ApproachDefine the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.

Review the case whenThe early repair fails if Market Dynamics fades before price responds.

Historical outcomes describe this ticker's completed record. They do not make the next move certain and are not trading instructions.

Readings describe completed observations. A strong reading is not a forecast, and historical outcomes are not probabilities for the next move. The full record, related research and technical pack remain available for closer review.

Technical research pack โ†—

Evidence context