LSE · Industrials · Weekly analysis

GNIP Elliott Wave report

GenIP plc

Latest close GBP 0.0275 Week ending 18 Sep 2026 History 103 weeks
Current reading

The wave count points to a decline

The selected pattern describes a move downward. Compare it with trend, momentum and the price levels below before drawing a conclusion.

95/100 Setup score 79/100 Data quality Setup in timing window 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 countPossible bearish Wave 3 declining

Numbers 1 to 5 label the successive legs of the selected wave pattern. The last point can still move.

Other readingsThe other readings support this direction

7 of 7 available readings support the downward wave interpretation; 0 lean against it. Agreement adds context, but does not guarantee the next move.

Main uncertaintyHigh count stability

The most recent swing is still forming and can extend. A settled label needs a confirmed reversal.

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 GBP · the history displayed on the chart
Week endingClose30-week trendFair Value
2024-10-040.27Unavailable0.27
2024-10-110.23Unavailable0.25
2024-10-180.26Unavailable0.2533
2024-10-250.26Unavailable0.255
2024-11-010.22Unavailable0.248
2024-11-080.22Unavailable0.2433
2024-11-150.215Unavailable0.2393
2024-11-220.22Unavailable0.2369
2024-11-290.185Unavailable0.2311
2024-12-060.215Unavailable0.2295
2024-12-130.255Unavailable0.2318
2024-12-200.315Unavailable0.2388
2024-12-270.275Unavailable0.2415
2025-01-030.265Unavailable0.2432
2025-01-100.35Unavailable0.2503
2025-01-170.36Unavailable0.2572
2025-01-240.35Unavailable0.2626
2025-01-310.34Unavailable0.2669
2025-02-070.335Unavailable0.2705
2025-02-140.38Unavailable0.276
2025-02-210.33Unavailable0.2786
2025-02-280.315Unavailable0.2802
2025-03-070.315Unavailable0.2817
2025-03-140.295Unavailable0.2823
2025-03-210.28Unavailable0.2822
2025-03-280.29Unavailable0.2825
2025-04-040.205Unavailable0.2796
2025-04-110.25Unavailable0.2786
2025-04-180.25Unavailable0.2776
2025-04-250.2750.27750.2775
2025-05-020.3150.2790.2787
2025-05-090.270.28030.2784
2025-05-160.2450.27980.2774
2025-05-230.2450.27930.2765
2025-05-300.2550.28050.2759
2025-06-060.2250.28070.2744
2025-06-130.320.28420.2757
2025-06-200.2850.28630.2759
2025-06-270.310.29050.2768
2025-07-040.300.29330.2774
2025-07-110.300.29480.2779
2025-07-180.2850.29380.2781
2025-07-250.2750.29380.278
2025-08-010.270.2940.2778
2025-08-080.250.29070.2772
2025-08-150.240.28670.2764
2025-08-220.230.28270.2754
2025-08-290.210.27830.2741
2025-09-050.2050.2740.2727
2025-09-120.2050.26820.2713
2025-09-190.220.26450.2703
2025-09-260.1950.26050.2688
2025-10-030.220.25730.2679
2025-10-100.220.25480.267
2025-10-170.2150.25270.2661
2025-10-240.250.25130.2658
2025-10-310.250.25280.2655
2025-11-070.2350.25230.265
2025-11-140.2350.25180.2645
2025-11-210.1950.24920.2633
2025-11-280.1850.24480.262
2025-12-050.09620.2390.2594
2025-12-120.09750.23410.2568
2025-12-190.0960.22920.2543
2025-12-260.08750.22360.2517
2026-01-020.08650.2190.2492
2026-01-090.0950.21150.2469
2026-01-160.1150.20580.245
2026-01-230.10750.1990.243
2026-01-300.100.19240.2409
2026-02-060.110.1860.2391
2026-02-130.120.18050.2374
2026-02-200.1050.17490.2356
2026-02-270.100.16920.2338
2026-03-060.100.16420.232
2026-03-130.0950.15940.2302
2026-03-200.0950.15490.2285
2026-03-270.08750.15080.2267
2026-04-030.09250.1470.225
2026-04-100.0950.14340.2233
2026-04-170.10250.13950.2218
2026-04-240.10250.13640.2204
2026-05-010.06850.13130.2186
2026-05-080.06850.12630.2168
2026-05-150.06350.12120.215
2026-05-220.0580.11480.2131
2026-05-290.0550.10830.2113
2026-06-050.05250.10220.2095
2026-06-120.0460.09590.2077
2026-06-190.04650.0910.2059
2026-06-260.04650.08640.2041
2026-07-030.04650.08470.2024
2026-07-100.04550.0830.2007
2026-07-170.04350.08120.1991
2026-07-240.0410.07970.1974
2026-07-310.03950.07810.1958
2026-08-070.0390.07620.1941
2026-08-140.0360.07360.1925
2026-08-210.0360.07120.1909
2026-08-280.0280.06880.1893
2026-09-040.02650.0660.1877
2026-09-110.02650.06290.1861
2026-09-180.02750.06040.1846
4-week return -23.6%
13-week return -40.9%
26-week return -71.1%
52-week return -87.5%
From 52-week high -89.8%
26-week volatility 59.9%
02 · Wave count

How the wave count fits

The chart uses a 16.0% closing-price reversal threshold. Filled markers are confirmed pivots; the outlined final marker is still forming.

Scenario comparison

Compare the possible patterns

Possible bearish Wave 3 decliningPrimary swing size · Leading14%
A/B/C reset may be completingPrimary swing size4%
Five-wave decline matureStrategic swing size82%
Weights compare the displayed patterns; they are not probabilities. The same pattern can appear at different swing sizes.
Leading wave count

Possible bearish Wave 3 declining

14% evidence weight

The count below meets the required wave rules. The details show which swings and proportions support it. A valid pattern is still an interpretation of past price moves.

Confirm below 0.0275 Fails above 0.1025 Count stability High · 100/100
Wave rules and proportions
PassWave 2 protects the Wave 1 originOrigin 0.12; Wave 2 0.1025.
PassWave 3 exceeds Wave 1Wave 1 0.0875; Wave 3 0.0275.
GuidelineWave 2 retracement is proportionateRetraced 46% of Wave 1.
GuidelineWave 3 extension is plausibleWave 3 is 2.31× Wave 1.
Strategic degreeFive-wave decline mature

Strategic degree uses a 24.0% weekly closing-price reversal threshold.

Primary degreePossible bearish Wave 3 declining

Primary degree uses a 16.0% weekly closing-price reversal threshold.

Tactical degreePossible bearish Wave 3 declining

Tactical degree uses a 11.2% weekly closing-price reversal threshold.

Active swing -73.2%

21 weeks · Forming

Nearest confirmed support -

No lower pivot in the current window

Nearest confirmed resistance 0.1025

Pivot from 2026-04-24

30-week trend 0.0604

Price is -54.4% from trend

Fair Value reference 0.1846

Price is -85.1% from Fair Value

52-week range position 1%

0.025 low · 0.27 high

03 · Supporting evidence

Where the evidence agrees or disagrees

7 of 7 available readings support the downward wave interpretation; 0 lean against it. Agreement adds context, but does not guarantee the next move.

100% directional agreement

The other readings support this direction. 7 readings support the selected direction; 0 lean against it.

Trend

Price remains below its 30-week trend.

54.4% below trend
Cycle pressure

The medium-term pressure curve is not rising.

Falling
Cycle alignment

Several cycle lengths are weakening together.

Falling Stack
Relative strength

Underperforming its benchmark

-74.4
Market activity

Participation is weak

-99.8
Market dynamics

Price and volume behaviour is weak

-0.4
30-week momentum

Medium-term momentum is negative

-73.8
Balance of readings Defensive

0 constructive, 7 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 weak. This supports the downward wave view.

Relative strength

Performance against the market benchmark.

Underperforming its benchmark. This supports the downward wave view.

30-week momentum

The pace of the medium-term price move.

Medium-term momentum is negative. This supports the downward wave view.

Market dynamics

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

Price and volume behaviour is weak. This supports the downward wave view.

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 falling. A recovery in price needs support from the other readings.

Cycle repeat scores range from 0 to 68/100. Low scores mean the past rhythm is irregular, so the projected weeks deserve less weight.

Pressure phaseFalling

Current medium-term pressure direction

Cycle agreementFalling Stack

0/100 constructive · 100/100 risk

Estimated next low4 weeks

Timing estimate, not a dated forecast

Estimated next high18 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 / 12w
Current phaseFalling
Repeat score0/100
Price-cross check (FLD)Crossed Down
Since last trough2w
Possible next low7–13w
Typical / observed cycle20w / 22w
Current phaseFalling
Repeat score30/100
Price-cross check (FLD)Crossed Down
Since last trough1w
Possible next low16–26w
Typical / observed cycle40w / 38w
Current phaseFalling
Repeat score68/100
Price-cross check (FLD)Crossed Down
Since last trough34w
Possible next low0–10w
Typical / observed cycle80w / 80w
Current phaseFalling
Repeat score0/100
Price-cross check (FLD)Crossed Down
Since last trough5w
Possible next low56–94w
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 92.8% below the highest weekly close in the stored history. It is 89.8% below the 52-week high. The two figures use different reference points.

Largest contributors to the risk score

  • Multi-cycle risk

    Hurst risk alignment is 100/100.

  • Cycle rollover

    Medium-term cycle pressure is falling.

Downside risk check

Contained

26/100
Wave maturity0/25
Trend extension0/20
Range position0/15
Cycle rollover11/15
Multi-cycle risk15/15
Count instability0/10
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 low0.025
52-week high0.27
Annualised volatility59.9%

Based on the latest 26 weekly returns

Average weekly range6.1%

Average high-to-low range over 13 weeks

Current drawdown-92.8%

From the highest close in the stored record

Latest volume52%

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

Most analysed peers have an upward wave count. That contrasts with this report’s downward interpretation.

57% constructive

13 of 23 analysed peers have a leading upward wave pattern.

13% 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 ^FTSEMiddle 80% of returns
4 weeks45258%1.3%0.3%-8.6% to 14.4%
13 weeks18864%4.8%0.9%-12.8% to 26.3%
26 weeks11268%6.9%2.0%-17.1% to 37.8%
07 · History

What happened after similar readings

After similar readings, the middle 4-week return was -11.4% across 31 completed outcomes. The range below shows how far individual outcomes differed. Overlapping weeks are not independent tests of this wave count.

32 similar weekly states

Typical return after a match

Median outcome after each matching historical week.

4w
-11.4%
13w
-40.2%
26w
-62.0%
HorizonMatchesPositiveMedianRange
4 weeks 31 16% -11.4% -52.7% to 22.9%
13 weeks 22 9% -40.2% -51.6% to 6.9%
26 weeks 16 0% -62.0% -73.5% to -45.5%

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

Data quality, rules and limitations
Evidence quality79/100

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

Weekly history
40/100
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 16.0% 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
2025-03-28 Confirmed High 0.29 - 0 weeks
2025-04-04 Confirmed Low 0.205 -29.3% 1 weeks
2025-05-02 Confirmed High 0.315 53.7% 4 weeks
2025-06-06 Confirmed Low 0.225 -28.6% 5 weeks
2025-06-13 Confirmed High 0.32 42.2% 1 weeks
2025-09-26 Confirmed Low 0.195 -39.1% 15 weeks
2025-10-31 Confirmed High 0.25 28.2% 5 weeks
2026-01-02 Confirmed Low 0.0865 -65.4% 9 weeks
2026-02-13 Confirmed High 0.12 38.7% 6 weeks
2026-03-27 Confirmed Low 0.0875 -27.1% 6 weeks
2026-04-24 Confirmed High 0.1025 17.1% 4 weeks
2026-09-18 Forming Low 0.0275 -73.2% 21 weeks

Chart guide

Evidence context