KLS · Technology · Weekly analysis

5161 Elliott Wave report

JCY International Berhad

Latest close MYR 0.52 Week ending 18 Sep 2026 History 276 weeks
Current reading

No clear wave pattern yet

There is no leading pattern that meets the wave rules. Use the trend and other readings for context while more swings develop.

95/100 Setup score 100/100 Data quality Observing Setup status
A setup score is a measure of fit, not a probability or price forecast.
How to use this report

Start with price. Read the selected pattern and the weekly closing levels beside the chart. “Confirm” means a move supports that interpretation; it does not guarantee a return.

Compare the evidence. A wave count can disagree with the trend, momentum or sector. The report points out those differences before looking at timing.

Check the limits. Timing windows are estimates, the last swing can move, and historical outcomes vary. Open the rules and data notes for more detail.

01 · Price & key levels

The pattern and the prices to watch

Selected wave countHurst rising stack

No wave count meets the rules yet. The chart still shows price, trend and confirmed swings.

Other readingsUse the other readings for context

7 of 7 available readings are positive and 0 are negative. There is no leading wave direction to compare them with.

Main uncertaintyHigh count stability

Wait for a pattern that meets the wave rules. A label should not be forced onto every price move.

Weekly price and wave pattern

Move across the chart to inspect a week. Turn on explanations for a guide to the marked points.

Weekly close30-week trendFair ValueConfirmationCount failureSelected pattern

The shaded area marks the selected pattern. Filled dots mark confirmed turns; the outlined dot is still forming. Prices use completed weeks; changing the chart range does not recalculate the count.

Weekly chart values
Prices in MYR · the history displayed on the chart
Week endingClose30-week trendFair Value
2023-09-290.190.17250.288
2023-10-060.180.17280.2844
2023-10-130.1850.17350.2808
2023-10-200.1850.17420.2775
2023-10-270.2050.17550.2748
2023-11-030.220.17730.2716
2023-11-100.230.1790.2685
2023-11-170.2150.18030.2656
2023-11-240.2250.1820.263
2023-12-010.2250.18320.2604
2023-12-080.220.1850.2579
2023-12-150.210.18650.2558
2023-12-220.2050.1880.2539
2023-12-290.220.19020.2519
2024-01-050.240.1930.2503
2024-01-120.220.1950.2484
2024-01-190.210.19650.2466
2024-01-260.240.19920.2455
2024-02-020.230.20120.2442
2024-02-090.2350.20350.2429
2024-02-160.240.20550.2416
2024-02-230.230.20720.2405
2024-03-010.2250.20870.2396
2024-03-080.240.2110.2387
2024-03-150.260.21420.2378
2024-03-220.260.21670.2371
2024-03-290.250.21870.2363
2024-04-050.2550.22080.2355
2024-04-120.270.22350.2349
2024-04-190.250.22570.2337
2024-04-260.2850.22880.2326
2024-05-030.3150.23330.2322
2024-05-100.3450.23870.232
2024-05-170.3750.2450.2322
2024-05-240.450.25320.2328
2024-05-310.5250.26330.2338
2024-06-070.640.2770.2355
2024-06-140.8950.29970.2388
2024-06-210.8450.32030.2419
2024-06-280.7050.33630.244
2024-07-050.790.35530.2468
2024-07-120.7650.37380.2494
2024-07-190.6850.38980.2514
2024-07-260.700.40580.2537
2024-08-020.6150.41830.2554
2024-08-090.640.43230.2574
2024-08-160.6750.44780.2597
2024-08-230.570.45880.2612
2024-08-300.5350.4690.2625
2024-09-060.490.47750.2634
2024-09-130.4650.4850.2643
2024-09-200.490.49370.2654
2024-09-270.4450.5010.2663
2024-10-040.410.50670.267
2024-10-110.440.51270.2678
2024-10-180.420.5180.2684
2024-10-250.3850.52250.2688
2024-11-010.370.52630.2692
2024-11-080.410.5310.2699
2024-11-150.390.53570.2702
2024-11-220.3650.53830.2705
2024-11-290.440.54250.2714
2024-12-060.510.5480.2727
2024-12-130.4850.55170.2738
2024-12-200.520.5540.2751
2024-12-270.570.55550.2767
2025-01-030.5750.55330.2782
2025-01-100.530.54120.2796
2025-01-170.480.5290.2807
2025-01-240.480.52150.2819
2025-01-310.4550.51030.2828
2025-02-070.480.50080.2839
2025-02-140.4350.49250.2846
2025-02-210.410.48280.2853
2025-02-280.380.4750.286
2025-03-070.380.46630.2867
2025-03-140.3850.45670.2874
2025-03-210.3950.45080.2882
2025-03-280.380.44570.2888
2025-04-040.360.44130.2894
2025-04-110.340.43720.2898
2025-04-180.350.43250.2903
2025-04-250.3550.42950.2909
2025-05-020.3650.4280.2916
2025-05-090.360.42530.2923
2025-05-160.390.42430.2932
2025-05-230.340.42280.294
2025-05-300.340.42180.2948
2025-06-060.3450.41970.2958
2025-06-130.3550.41850.2969
2025-06-200.3450.41780.2977
2025-06-270.340.41450.2986
2025-07-040.360.40950.2998
2025-07-110.350.4050.3009
2025-07-180.340.3990.3019
2025-07-250.330.3910.3029
2025-08-010.330.38280.3038
2025-08-080.300.37520.3046
2025-08-150.2950.3690.3054
2025-08-220.280.36230.3062
2025-08-290.290.35680.3071
2025-09-050.3150.35130.3081
2025-09-120.3150.34730.3091
2025-09-190.3550.34550.3105
2025-09-260.3450.34430.3119
2025-10-030.4050.34520.3136
2025-10-100.4150.34620.3155
2025-10-170.370.34530.317
2025-10-240.390.34570.3187
2025-10-310.4250.34780.3206
2025-11-070.380.34920.3222
2025-11-140.360.34950.3236
2025-11-210.3250.34850.3249
2025-11-280.310.34670.3259
2025-12-050.310.3450.3268
2025-12-120.3250.34280.3279
2025-12-190.340.34280.3292
2025-12-260.340.34280.3305
2026-01-020.330.34230.3317
2026-01-090.3650.34270.333
2026-01-160.3950.34430.3345
2026-01-230.3850.34580.3359
2026-01-300.3850.34670.337
2026-02-060.360.3470.338
2026-02-130.3550.34750.339
2026-02-200.3550.34830.3401
2026-02-270.3350.34850.3412
2026-03-060.3150.3490.3421
2026-03-130.2950.3490.343
2026-03-200.2950.34950.3438
2026-03-270.300.34980.3447
2026-04-030.2950.34920.3455
2026-04-100.320.34930.3464
2026-04-170.340.34880.3475
2026-04-240.360.34930.3487
2026-05-010.3450.34730.3496
2026-05-080.360.34550.3509
2026-05-150.3550.3450.3521
2026-05-220.3450.34350.3533
2026-05-290.340.34070.3545
2026-06-050.3350.33920.3556
2026-06-120.3350.33830.3568
2026-06-190.3350.33870.3579
2026-06-260.340.33970.359
2026-07-030.390.34230.3604
2026-07-100.380.34420.3618
2026-07-170.360.34480.3629
2026-07-240.3650.34570.3641
2026-07-310.360.34670.3653
2026-08-070.500.35120.3674
2026-08-140.500.35470.3696
2026-08-210.5150.3590.3717
2026-08-280.510.36320.3737
2026-09-040.550.36950.376
2026-09-110.520.3750.3781
2026-09-180.520.38050.3803
4-week return 1.0%
13-week return 55.2%
26-week return 76.3%
52-week return 46.5%
From 52-week high -10.3%
26-week volatility 61.8%
02 · Wave count

How the wave count fits

The chart uses a 14.7% closing-price reversal threshold. Filled markers are confirmed pivots; the outlined final marker is still forming.

Scenario comparison

Compare the possible patterns

No leading count meets the wave rules yet.

Weights compare the displayed patterns; they are not probabilities. The same pattern can appear at different swing sizes.
Leading wave count

No valid count

There is no leading pattern to test yet. Use the other readings and wait for more price swings.

Strategic degreeNo valid count

Strategic degree uses a 23.5% weekly closing-price reversal threshold.

Primary degreeNo valid count

Primary degree uses a 14.7% weekly closing-price reversal threshold.

Tactical degreeNo valid count

Tactical degree uses a 10.3% weekly closing-price reversal threshold.

Active swing 76.3%

24 weeks · Forming

Nearest confirmed support 0.295

Pivot from 2026-04-03

Nearest confirmed resistance 0.575

Pivot from 2025-01-03

30-week trend 0.3805

Price is 36.7% from trend

Fair Value reference 0.3803

Price is 36.7% from Fair Value

52-week range position 80%

0.285 low · 0.58 high

03 · Supporting evidence

Where the evidence agrees or disagrees

7 of 7 available readings are positive and 0 are negative. There is no leading wave direction to compare them with.

100% directional agreement

Use the other readings for context.

Trend

Price is holding above its 30-week trend.

36.7% above trend
Cycle pressure

The medium-term pressure curve is turning higher.

Rising
Cycle alignment

Several cycle lengths are improving together.

Rising Stack
Relative strength

Outperforming its benchmark

+41.3
Market activity

Participation is supportive

+88.6
Market dynamics

Price and volume behaviour is supportive

+1.7
30-week momentum

Medium-term momentum is positive

+46.5
Balance of readings Constructive

7 constructive, 0 weak and 0 neutral measures.

Agreement describes direction among the readings. It does not necessarily support the selected wave count.

Market activity

Whether participation is supporting the move.

Participation is supportive.

Relative strength

Performance against the market benchmark.

Outperforming its benchmark.

30-week momentum

The pace of the medium-term price move.

Medium-term momentum is positive.

Market dynamics

A separate scale prevents this lower-range measure being hidden by relative strength.

Price and volume behaviour is supportive.

04 · Cycle timing

What cycle timing adds

Cycle estimates help describe timing. They do not set a date for the next price turn.

Cycle pressure is rising. That supports the recent upswing, but it does not establish how long it will last.

Cycle repeat scores range from 0 to 5/100. Low scores mean the past rhythm is irregular, so the projected weeks deserve less weight.

Pressure phaseRising

Current medium-term pressure direction

Cycle agreementRising Stack

75/100 constructive · 25/100 risk

Estimated next low7 weeks

Timing estimate, not a dated forecast

Estimated next high8 weeks

Timing estimate, not a dated forecast

Cycle pressure

Above zero is positive pressure; direction matters more than the absolute number.

Shorter and longer cycles

The thick line is the blended reading; thinner lines show 20, 40 and 80-week components.

An observed cycle is the repeat found in past prices. The repeat score describes how clearly it appears. FLD is a shifted price reference used to check a turn. Low timing scores can coexist with a positive price-cross check.

Typical / observed cycle10w / 8w
Current phaseCresting
Repeat score0/100
Price-cross check (FLD)Crossed Down
Since last trough7w
Possible next low0–5w
Typical / observed cycle20w / 25w
Current phaseRising
Repeat score5/100
Price-cross check (FLD)Crossed Up
Since last trough12w
Possible next low7–19w
Typical / observed cycle40w / 30w
Current phaseRising
Repeat score4/100
Price-cross check (FLD)Crossed Up
Since last trough23w
Possible next low1–13w
Typical / observed cycle80w / 100w
Current phaseRising
Repeat score0/100
Price-cross check (FLD)Crossed Up
Since last trough12w
Possible next low69–107w
05 · Risk

Risk behind the price move

Wave structure is easier to judge when drawdown, volatility and participation are visible beside it.

Risk in context

How much room price has to move

Price is 41.9% below the highest weekly close in the stored history. It is 10.3% below the 52-week high. The two figures use different reference points.

Largest contributors to the risk score

  • Trend extension

    Price is 36.7% above the 30-week trend; large positive gaps increase snap-back vulnerability.

  • Multi-cycle risk

    Hurst risk alignment is 25/100.

  • Range position

    Price is 80% of the way through its 52-week low-to-high range.

Downside risk check

Contained

29/100
Wave maturity0/25
Trend extension20/20
Range position3/15
Cycle rollover0/15
Multi-cycle risk4/15
Count instability2/10
Event proximity0/10

This score combines the risk checks shown here. A higher score means more warning signs, not a measured probability of a fall.

52-week low0.285
52-week high0.58
Annualised volatility61.8%

Based on the latest 26 weekly returns

Average weekly range6.7%

Average high-to-low range over 13 weeks

Current drawdown-41.9%

From the highest close in the stored record

Latest volume121%

Of its trailing 20-week average

Drawdown history

Distance below the highest prior weekly close.

Realised volatility

Annualised variability of the latest 26 weekly returns.

Relative volume

Weekly volume as a percentage of its 20-week average.

06 · Market context

Sector trends and upcoming events

Compare the pattern with other stocks in the sector, then check whether an event could change the price picture.

Sector breadth

Upward wave counts are not a majority among the analysed peers. That alone does not establish a downward sector trend.

50% constructive

11 of 22 analysed peers have a leading upward wave pattern.

27% have improving cycles Breadth shows whether peers share the structure. Cohort outcomes use non-overlapping, point-in-time trend and momentum states from the same sector and report benchmark excess return when matching benchmark bars exist; they are context, not a backtest of the Elliott count.
Earnings and options

Event information is limited

No additional warning is recorded. Missing event data does not rule out a surprise.

These are the latest stored event readings. Missing earnings or options data does not mean that event risk is absent.
Peer-state horizonNon-overlapping samplesPositiveMedianMedian excess vs ^KLSEMiddle 80% of returns
4 weeks49450%0.0%0.1%-11.4% to 15.9%
13 weeks19151%0.2%-0.9%-20.3% to 29.8%
26 weeks11145%-1.9%-1.5%-26.9% to 35.4%
07 · History

What happened after similar readings

After similar readings, the middle 4-week return was -2.2% across 77 completed outcomes. The range below shows how far individual outcomes differed. Overlapping weeks are not independent tests of this wave count.

78 similar weekly states

Typical return after a match

Median outcome after each matching historical week.

4w
-2.2%
13w
2.9%
26w
25.3%
HorizonMatchesPositiveMedianRange
4 weeks 77 43% -2.2% -31.1% to 138.7%
13 weeks 70 57% 2.9% -48.1% to 225.0%
26 weeks 70 63% 25.3% -45.8% to 326.2%

Overlapping historical matches are descriptive context, not independent observations or a forecast.

Data quality, rules and limitations
Evidence quality100/100

This measures usable history, indicator coverage and confirmed swing points. It does not measure the chance of the scenario succeeding.

Weekly history
100/100
Indicator coverage
100/100
Confirmed structure
100/100
Model ewc-2.1.0 · as of 2026-09-18 · only the final active pivot is provisional; confirmed pivots are retained.
How the count is built

Rules and data notes

  • Swing points use weekly closes and a 14.7% adaptive reversal threshold.
  • The final swing is provisional until the reversal threshold is met.
  • Candidate counts must pass the Wave 2 origin, Wave 3 progression/length and Wave 4 overlap rules when those waves are present.
  • Fibonacci proportions and alternation rank valid candidates but never rescue a hard-rule failure.
  • Primary and alternate evidence weights compare admissible counts; they are not probabilities.
  • Nominal Hurst periods adapt to observed weekly rhythm. Future windows include measured timing uncertainty and require FLD or price confirmation.
Audit trail

Recent swing points

Dates and prices for the recent swings. The final point can still move.

DateStatusTypePriceMoveDuration
2024-06-21 Confirmed High 0.845 - 0 weeks
2024-11-22 Confirmed Low 0.365 -56.8% 22 weeks
2025-01-03 Confirmed High 0.575 57.5% 6 weeks
2025-04-11 Confirmed Low 0.34 -40.9% 14 weeks
2025-05-16 Confirmed High 0.39 14.7% 5 weeks
2025-08-22 Confirmed Low 0.28 -28.2% 14 weeks
2025-10-31 Confirmed High 0.425 51.8% 10 weeks
2025-12-05 Confirmed Low 0.31 -27.1% 5 weeks
2026-01-16 Confirmed High 0.395 27.4% 6 weeks
2026-04-03 Confirmed Low 0.295 -25.3% 11 weeks
2026-09-18 Forming High 0.52 76.3% 24 weeks

Chart guide

Evidence context