STO · Technology · Weekly analysis

ANOT Elliott Wave report

Anoto Group AB (publ)

Latest close SEK 0.199 Week ending 11 Sep 2026 History 276 weeks
Current reading

A rebound is being tested

The wave pattern treats the recent rise as a rebound within a larger decline. A fresh fall is still something to confirm.

44/100 Setup score 100/100 Data quality Watching 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 countBearish A/B/C rebound may be completing

A, B and C label a three-part correction. The outlined last point is still forming.

Other readingsThe other readings point the other way

7 of 7 available readings lean against the downward wave interpretation; 0 support it. The pattern and current market behaviour do not yet agree.

Main uncertaintyModerate count stability

The leading count changed 3 times across the last 9 checks. Keep the alternative interpretations in view.

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 SEK · the history displayed on the chart
Week endingClose30-week trendFair Value
2023-09-220.40750.39850.6695
2023-09-290.40050.3980.6652
2023-10-060.3990.39710.6609
2023-10-130.37050.39570.6567
2023-10-200.3340.39350.6523
2023-10-270.320.39080.6483
2023-11-030.3070.38720.6437
2023-11-100.24950.38180.6389
2023-11-170.22950.3760.6344
2023-11-240.250.37080.63
2023-12-010.2720.36630.6261
2023-12-080.2970.36280.6232
2023-12-150.300.36020.6198
2023-12-220.300.35730.6165
2023-12-290.3130.35520.6127
2024-01-050.3080.35350.6091
2024-01-120.31850.35280.6057
2024-01-190.32750.35140.602
2024-01-260.3010.34880.5984
2024-02-020.31850.34680.5949
2024-02-090.29950.34340.5915
2024-02-160.300.34010.5877
2024-02-230.30950.33710.5839
2024-03-010.2680.33220.5801
2024-03-080.2610.3250.5765
2024-03-150.22150.31780.5729
2024-03-220.220.31160.5692
2024-03-290.230.30660.5657
2024-04-050.230.30130.5607
2024-04-120.230.29640.5557
2024-04-190.2110.28990.5508
2024-04-260.19950.28320.546
2024-05-030.16550.27540.5415
2024-05-100.15950.26840.5372
2024-05-170.15350.26230.5323
2024-05-240.15950.2570.5275
2024-05-310.15950.25210.5227
2024-06-070.17650.24960.5181
2024-06-140.1730.24780.5135
2024-06-210.1260.24360.5087
2024-06-280.160.23990.5041
2024-07-050.16650.23550.4993
2024-07-120.260.23420.4953
2024-07-190.3620.23630.492
2024-07-260.3090.23610.4881
2024-08-020.2790.23520.4843
2024-08-090.2760.23380.4797
2024-08-160.270.23180.4756
2024-08-230.2350.22960.4712
2024-08-300.2090.2260.4666
2024-09-060.2020.22270.4616
2024-09-130.2030.21950.4573
2024-09-200.200.21580.4532
2024-09-270.19450.21340.4491
2024-10-040.240.21270.4453
2024-10-110.240.21330.4416
2024-10-180.2690.2150.4383
2024-10-250.18950.21360.4345
2024-11-010.1770.21180.4307
2024-11-080.16650.20970.4268
2024-11-150.1550.20780.423
2024-11-220.18320.20730.4196
2024-11-290.12150.20580.4166
2024-12-060.110.20420.4136
2024-12-130.11650.2030.4108
2024-12-200.11250.20140.4076
2024-12-270.1120.19980.4043
2025-01-030.120.19790.40
2025-01-100.1250.19630.3962
2025-01-170.130.19650.3926
2025-01-240.2530.19960.3893
2025-01-310.08280.19680.385
2025-02-070.0710.19050.3806
2025-02-140.070.18070.3765
2025-02-210.07280.17290.3726
2025-02-280.07220.1660.3692
2025-03-070.05680.15870.3662
2025-03-140.040.1510.362
2025-03-210.04440.14460.3576
2025-03-280.05460.13950.353
2025-04-040.04560.13430.3475
2025-04-110.0470.12910.3419
2025-04-180.04990.12410.3369
2025-04-250.06010.11960.333
2025-05-020.0880.11450.3295
2025-05-090.08070.10920.3261
2025-05-160.08010.10290.3221
2025-05-230.07360.09910.3178
2025-05-300.07190.09560.3134
2025-06-060.0720.09240.3094
2025-06-130.06330.08940.3051
2025-06-200.05990.08520.301
2025-06-270.06140.08320.2972
2025-07-040.07480.08210.2936
2025-07-110.06850.08050.2899
2025-07-180.06670.07890.2863
2025-07-250.0640.07730.2832
2025-08-010.06350.07550.2799
2025-08-080.06040.07330.2766
2025-08-150.06010.0710.2736
2025-08-220.0620.06460.2709
2025-08-290.06580.0640.2687
2025-09-050.05940.06360.2663
2025-09-120.06020.06330.2639
2025-09-190.0580.06280.2618
2025-09-260.05670.06230.2596
2025-10-030.05170.06210.2572
2025-10-100.05120.06250.2544
2025-10-170.05940.0630.2514
2025-10-240.05050.06290.248
2025-10-310.05290.06310.2443
2025-11-070.04960.06320.2407
2025-11-140.0490.06320.2374
2025-11-210.04990.06280.2344
2025-11-280.05070.06160.2318
2025-12-050.05090.06060.2294
2025-12-120.0480.05950.227
2025-12-190.050.05870.2246
2025-12-260.0450.05780.2224
2026-01-020.04770.0570.2201
2026-01-090.04960.05660.2178
2026-01-160.04740.05620.2154
2026-01-230.04510.05560.213
2026-01-300.04490.05460.2104
2026-02-060.04190.05370.2078
2026-02-130.03790.05280.2049
2026-02-200.03630.05190.202
2026-02-270.04020.05110.1996
2026-03-060.06120.05110.1973
2026-03-130.0450.05060.1949
2026-03-200.04640.05010.1927
2026-03-270.12780.05220.1909
2026-04-030.08950.05320.1888
2026-04-100.08490.0540.1867
2026-04-170.06890.05430.1846
2026-04-240.06670.05470.1824
2026-05-010.06460.05510.1802
2026-05-080.05570.05530.178
2026-05-150.06140.05530.176
2026-05-220.1150.05750.1742
2026-05-290.15580.06090.1728
2026-06-050.12240.06330.1713
2026-06-120.1320.06610.17
2026-06-190.12480.06860.1684
2026-06-260.12020.07090.1667
2026-07-030.1190.07320.1651
2026-07-100.10320.0750.1632
2026-07-170.12560.07750.1614
2026-07-240.13420.08050.1597
2026-07-310.13320.08340.1579
2026-08-070.13480.08620.1557
2026-08-140.13020.0890.1537
2026-08-210.12980.09180.152
2026-08-280.160.09560.1506
2026-09-040.1920.10060.1493
2026-09-110.1990.1060.1482
4-week return 52.8%
13-week return 50.8%
26-week return 342.2%
52-week return 230.6%
From 52-week high -5.5%
26-week volatility 285.1%
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

Bearish A/B/C rebound may be completingPrimary swing size · Leading35%
Possible Wave 3 advancingPrimary swing size30%
Bearish A/B/C rebound may be completingStrategic swing size35%
Weights compare the displayed patterns; they are not probabilities. The same pattern can appear at different swing sizes.
Leading wave count

Bearish A/B/C rebound may be completing

35% 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 0.1032 Fails above 0.199 Count stability Moderate · 52/100
Wave rules and proportions
PassWave B protects the correction originOrigin 0.0557; Wave B 0.1032.
PassWave C progresses beyond Wave AA length 0.10; C length 0.10.
GuidelineWave C is proportionate to Wave AWave C is 0.96× Wave A.
Strategic degreeBearish A/B/C rebound may be completing

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

Primary degreeBearish A/B/C rebound may be completing

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

Tactical degreeBearish A/B/C rebound may be completing

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

Active swing 92.8%

9 weeks · Forming

Nearest confirmed support 0.1032

Pivot from 2026-07-10

Nearest confirmed resistance 0.253

Pivot from 2025-01-24

30-week trend 0.106

Price is 87.7% from trend

Fair Value reference 0.1482

Price is 34.3% from Fair Value

52-week range position 94%

0.032 low · 0.2105 high

03 · Supporting evidence

Where the evidence agrees or disagrees

7 of 7 available readings lean against the downward wave interpretation; 0 support it. The pattern and current market behaviour do not yet agree.

100% directional agreement

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

Trend

Price is holding above its 30-week trend.

87.7% 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

+128.7
Market activity

Participation is supportive

+88.1
Market dynamics

Price and volume behaviour is supportive

+0.6
30-week momentum

Medium-term momentum is positive

+425.1
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. This challenges the downward wave view.

Relative strength

Performance against the market benchmark.

Outperforming its benchmark. This challenges the downward wave view.

30-week momentum

The pace of the medium-term price move.

Medium-term momentum is positive. This challenges the downward wave view.

Market dynamics

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

Price and volume behaviour is supportive. This challenges 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 rising. That supports the recent upswing, but it does not establish how long it will last.

Cycle repeat scores range from 4 to 11/100. 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

100/100 constructive · 0/100 risk

Estimated next low12 weeks

Timing estimate, not a dated forecast

Estimated next high9 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 phaseRising
Repeat score11/100
Price-cross check (FLD)Crossed Up
Since last trough3w
Possible next low7–11w
Typical / observed cycle20w / 15w
Current phaseRising
Repeat score8/100
Price-cross check (FLD)Crossed Up
Since last trough3w
Possible next low8–16w
Typical / observed cycle40w / 44w
Current phaseRising
Repeat score10/100
Price-cross check (FLD)Crossed Up
Since last trough2w
Possible next low31–53w
Typical / observed cycle80w / 97w
Current phaseRising
Repeat score4/100
Price-cross check (FLD)Crossed Up
Since last trough65w
Possible next low14–50w
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 80.1% below the highest weekly close in the stored history. It is 5.5% below the 52-week high. The two figures use different reference points.

Largest contributors to the risk score

  • Trend extension

    Price is 87.7% above the 30-week trend; large positive gaps increase snap-back vulnerability.

  • Range position

    Price is 94% of the way through its 52-week low-to-high range.

  • Count instability

    The primary interpretation has moderate recent stability.

Downside risk check

Watch

36/100
Wave maturity0/25
Trend extension20/20
Range position11/15
Cycle rollover0/15
Multi-cycle risk0/15
Count instability5/10
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 low0.032
52-week high0.2105
Annualised volatility285.1%

Based on the latest 26 weekly returns

Average weekly range12.3%

Average high-to-low range over 13 weeks

Current drawdown-80.1%

From the highest close in the stored record

Latest volume56%

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.

33% constructive

8 of 24 analysed peers have a leading upward wave pattern.

46% 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 ^OMXMiddle 80% of returns
4 weeks53145%-0.3%-0.6%-14.7% to 13.7%
13 weeks20641%-2.8%-4.1%-26.0% to 27.6%
26 weeks12342%-5.7%-3.5%-32.4% to 38.1%
07 · History

What happened after similar readings

After similar readings, the middle 4-week return was -13.4% across 27 completed outcomes. The range below shows how far individual outcomes differed. Overlapping weeks are not independent tests of this wave count.

28 similar weekly states

Typical return after a match

Median outcome after each matching historical week.

4w
-13.4%
13w
-25.8%
26w
-50.8%
HorizonMatchesPositiveMedianRange
4 weeks 27 33% -13.4% -47.8% to 72.4%
13 weeks 18 39% -25.8% -51.7% to 101.2%
26 weeks 10 0% -50.8% -81.5% to -18.1%

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 2026-09-11 · 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
2025-06-20 Confirmed Low 0.0599 -31.9% 7 weeks
2025-07-04 Confirmed High 0.0748 24.9% 2 weeks
2025-10-10 Confirmed Low 0.0512 -31.6% 14 weeks
2025-10-17 Confirmed High 0.0594 16.0% 1 weeks
2026-02-20 Confirmed Low 0.0363 -38.9% 18 weeks
2026-03-06 Confirmed High 0.0612 68.6% 2 weeks
2026-03-13 Confirmed Low 0.045 -26.5% 1 weeks
2026-03-27 Confirmed High 0.1278 184.0% 2 weeks
2026-05-08 Confirmed Low 0.0557 -56.4% 6 weeks
2026-05-29 Confirmed High 0.1558 179.7% 3 weeks
2026-07-10 Confirmed Low 0.1032 -33.8% 6 weeks
2026-09-11 Forming High 0.199 92.8% 9 weeks

Chart guide

Evidence context