SES · Technology · Weekly analysis

532 Elliott Wave report

DISA Limited

Latest close SGD 0.001 Week ending 25 Sep 2026 History 276 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.

34/100 Setup score 100/100 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 2 crest

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

Other readingsThe other readings point the other way

4 of 7 available readings lean against the downward wave interpretation; 2 support it. The pattern and current market behaviour do not yet agree.

Main uncertaintyModerate count stability

The leading count changed 2 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 SGD · the history displayed on the chart
Week endingClose30-week trendFair Value
2023-10-060.0020.00260.00275
2023-10-130.0030.00260.002756
2023-10-200.0020.0025670.002763
2023-10-270.0020.00250.002769
2023-11-030.0020.00250.002776
2023-11-100.0020.0024670.002782
2023-11-170.0020.0024330.002782
2023-11-240.0020.0024330.002788
2023-12-010.0020.00240.002788
2023-12-080.0020.00240.002788
2023-12-150.0020.0023670.002795
2023-12-220.0020.0023670.002795
2023-12-290.0030.0023670.002808
2024-01-050.0020.0023330.002808
2024-01-120.0020.00230.002808
2024-01-190.0020.0022670.002801
2024-01-260.0020.0022670.002795
2024-02-020.0010.00220.002788
2024-02-090.0020.0021670.002782
2024-02-160.0020.0021670.002776
2024-02-230.0010.00210.002763
2024-03-010.0020.00210.002756
2024-03-080.0020.00210.002756
2024-03-150.0010.0020670.002744
2024-03-220.0010.0020.002744
2024-03-290.0010.0019330.002744
2024-04-050.0010.00190.002737
2024-04-120.0020.0018670.002737
2024-04-190.0020.0018670.002737
2024-04-260.0020.0018670.002731
2024-05-030.0020.0018670.002724
2024-05-100.0010.00180.002718
2024-05-170.0010.0017670.002705
2024-05-240.0010.0017330.002699
2024-05-310.0010.00170.002699
2024-06-070.0020.00170.002699
2024-06-140.0020.00170.002699
2024-06-210.0020.00170.002699
2024-06-280.0020.00170.002705
2024-07-050.0010.0016670.002705
2024-07-120.0020.0016670.002712
2024-07-190.0020.0016670.002712
2024-07-260.0010.00160.002712
2024-08-020.0010.0015670.002705
2024-08-090.0020.0015670.002705
2024-08-160.0020.0015670.002712
2024-08-230.0010.0015330.002705
2024-08-300.0020.0015670.002705
2024-09-060.0020.0015670.002705
2024-09-130.0020.0015670.002712
2024-09-200.0010.0015670.002705
2024-09-270.0010.0015330.002705
2024-10-040.0010.00150.002705
2024-10-110.0020.0015330.002705
2024-10-180.0010.0015330.002705
2024-10-250.0010.0015330.002699
2024-11-010.0010.0015330.002692
2024-11-080.0010.00150.002686
2024-11-150.0010.0014670.002686
2024-11-220.0010.0014330.002679
2024-11-290.0020.0014330.002686
2024-12-060.0020.0014670.00266
2024-12-130.0010.0014670.002641
2024-12-200.0020.00150.002622
2024-12-270.0010.00150.002583
2025-01-030.0020.00150.002538
2025-01-100.0020.00150.002494
2025-01-170.0010.0014670.002442
2025-01-240.0010.0014330.00241
2025-01-310.0020.0014670.002385
2025-02-070.0010.0014330.002353
2025-02-140.0010.00140.002333
2025-02-210.0020.0014330.002321
2025-02-280.0020.0014670.002301
2025-03-070.0020.0014670.002295
2025-03-140.0010.0014330.002276
2025-03-210.0010.0014330.002263
2025-03-280.0020.0014330.00225
2025-04-040.0010.00140.002231
2025-04-110.0010.0013670.002212
2025-04-180.0010.0013670.002199
2025-04-250.0010.0013670.002186
2025-05-020.0020.00140.002179
2025-05-090.0010.0013670.002167
2025-05-160.0010.0013670.002154
2025-05-230.0010.0013670.002135
2025-05-300.0017140.001390.002126
2025-06-060.0010.001390.002114
2025-06-130.0010.001390.002101
2025-06-200.0010.001390.002088
2025-06-270.0010.0013570.002069
2025-07-040.0020.0013570.002062
2025-07-110.0010.0013570.002049
2025-07-180.0020.0013570.002043
2025-07-250.0020.001390.002037
2025-08-010.0010.0013570.002017
2025-08-080.0010.0013240.001998
2025-08-150.0010.0013240.001985
2025-08-220.0010.0013240.001973
2025-08-290.0020.0013240.001966
2025-09-050.0020.0013570.00196
2025-09-120.0010.0013570.001947
2025-09-190.0010.0013240.001934
2025-09-260.0010.001290.001921
2025-10-030.0010.0012570.001908
2025-10-100.0010.0012570.001896
2025-10-170.0010.0012570.001883
2025-10-240.0020.0012570.001876
2025-10-310.0020.001290.00187
2025-11-070.0010.001290.001857
2025-11-140.0010.001290.001844
2025-11-210.0020.0013240.001838
2025-11-280.0010.001290.001825
2025-12-050.0010.001290.001812
2025-12-120.0010.001290.001799
2025-12-190.0020.0013240.001799
2025-12-260.0010.00130.001787
2026-01-020.0010.00130.001774
2026-01-090.0010.00130.001761
2026-01-160.0010.00130.001748
2026-01-230.0010.00130.001742
2026-01-300.0010.0012670.001735
2026-02-060.0010.0012670.001723
2026-02-130.0010.0012330.00171
2026-02-200.0010.00120.001697
2026-02-270.0010.00120.00169
2026-03-060.0010.00120.001684
2026-03-130.0010.00120.001671
2026-03-200.0010.00120.001658
2026-03-270.0010.0011670.001639
2026-04-030.0010.0011330.001633
2026-04-100.0010.0011330.00162
2026-04-170.0010.0011330.001607
2026-04-240.0010.0011330.001601
2026-05-010.0010.0011330.001588
2026-05-080.0010.0011330.001582
2026-05-150.0010.0011330.001569
2026-05-220.0010.00110.001562
2026-05-290.0010.0010670.001549
2026-06-050.0010.0010670.001537
2026-06-120.0010.0010670.001524
2026-06-190.0010.0010330.001511
2026-06-260.0010.0010330.001505
2026-07-030.0010.0010330.001492
2026-07-100.0010.0010330.001479
2026-07-170.0010.0010.001473
2026-07-240.0010.0010.00146
2026-07-310.0010.0010.001453
2026-08-070.0010.0010.001447
2026-08-140.0010.0010.00144
2026-08-210.0010.0010.001428
2026-08-280.0010.0010.001415
2026-09-040.0020.0010330.001415
2026-09-110.0020.0010670.001408
2026-09-180.0010.0010670.001402
2026-09-250.0010.0010670.001396
4-week return 0.0%
13-week return 0.0%
26-week return 0.0%
52-week return 0.0%
From 52-week high -50.0%
26-week volatility 157.5%
02 · Wave count

How the wave count fits

The chart uses a 5.0% 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 2 crestPrimary swing size · Leading33%
Possible bearish Wave 2 crestStrategic swing size33%
Possible bearish Wave 2 crestTactical swing size33%
Weights compare the displayed patterns; they are not probabilities. The same pattern can appear at different swing sizes.
Leading wave count

Possible bearish Wave 2 crest

33% 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 0.001 Fails above 0.002 Count stability Moderate · 68/100
Wave rules and proportions
PassWave 2 protects the Wave 1 originOrigin 0.002; Wave 2 0.001.
GuidelineWave 2 retracement is proportionateRetraced 0% of Wave 1.
Strategic degreePossible bearish Wave 2 crest

Strategic degree uses a 8.0% weekly closing-price reversal threshold.

Primary degreePossible bearish Wave 2 crest

Primary degree uses a 5.0% weekly closing-price reversal threshold.

Tactical degreePossible bearish Wave 2 crest

Tactical degree uses a 3.5% weekly closing-price reversal threshold.

Active swing 0.0%

1 weeks · Forming

Nearest confirmed support -

No lower pivot in the current window

Nearest confirmed resistance 0.002

Pivot from 2026-09-11

30-week trend 0.001067

Price is -6.3% from trend

Fair Value reference 0.001396

Price is -28.4% from Fair Value

52-week range position 0%

0.001 low · 0.002 high

03 · Supporting evidence

Where the evidence agrees or disagrees

4 of 7 available readings lean against the downward wave interpretation; 2 support it. The pattern and current market behaviour do not yet agree.

57% directional agreement

The other readings point the other way. 2 readings support the selected direction; 4 lean against it.

Trend

Price remains below its 30-week trend.

6.3% below trend
Cycle pressure

The medium-term pressure curve is turning higher.

Rising
Cycle alignment

Several cycle lengths are improving together.

Rising Stack
Relative strength

Underperforming its benchmark

-22.2
Market activity

Participation is supportive

+86.5
Market dynamics

Price and volume behaviour is supportive

+0.7
30-week momentum

The reading is neutral or unavailable.

+0.0
Balance of readings Constructive

4 constructive, 2 weak and 1 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.

Underperforming its benchmark. This supports the downward wave view.

30-week momentum

The pace of the medium-term price move.

The reading is neutral or unavailable.

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 14 to 23/100. 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 low3 weeks

Timing estimate, not a dated forecast

Estimated next high24 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 phaseFalling
Repeat score18/100
Price-cross check (FLD)Crossed Down
Since last trough37w
Possible next low2–4w
Typical / observed cycle20w / 25w
Current phaseRising
Repeat score23/100
Price-cross check (FLD)Crossed Up
Since last trough32w
Possible next low12–24w
Typical / observed cycle40w / 33w
Current phaseRising
Repeat score14/100
Price-cross check (FLD)Crossed Up
Since last trough30w
Possible next low0–13w
Typical / observed cycle80w / 99w
Current phaseTroughing
Repeat score15/100
Price-cross check (FLD)Crossed Down
Since last trough11w
Possible next low63–113w
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 88.9% below the highest weekly close in the stored history. It is 50.0% 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 25/100.

  • Count instability

    The primary interpretation has moderate recent stability.

Downside risk check

Contained

7/100
Wave maturity0/25
Trend extension0/20
Range position0/15
Cycle rollover0/15
Multi-cycle risk4/15
Count instability3/10
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 low0.001
52-week high0.002
Annualised volatility157.5%

Based on the latest 26 weekly returns

Average weekly range30.8%

Average high-to-low range over 13 weeks

Current drawdown-88.9%

From the highest close in the stored record

Latest volume359%

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.

53% constructive

10 of 19 analysed peers have a leading upward wave pattern.

16% 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 ^STIMiddle 80% of returns
4 weeks3444%-0.3%-1.1%-10.4% to 11.1%
13 weeks2941%-2.5%-4.3%-16.2% to 39.0%
26 weeks2250%-0.4%-1.8%-24.3% to 38.1%
07 · History

What happened after similar readings

After similar readings, the middle 4-week return was +0.0% across 49 completed outcomes. The range below shows how far individual outcomes differed. Overlapping weeks are not independent tests of this wave count.

49 similar weekly states

Typical return after a match

Median outcome after each matching historical week.

4w
0.0%
13w
0.0%
26w
0.0%
HorizonMatchesPositiveMedianRange
4 weeks 49 12% 0.0% -50.0% to 100.0%
13 weeks 46 17% 0.0% -50.0% to 100.0%
26 weeks 37 5% 0.0% -50.0% to 100.0%

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 2026-09-25 · 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 5.0% 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
2025-08-22 Confirmed Low 0.001 -50.0% 4 weeks
2025-09-05 Confirmed High 0.002 100.0% 2 weeks
2025-10-17 Confirmed Low 0.001 -50.0% 6 weeks
2025-10-31 Confirmed High 0.002 100.0% 2 weeks
2025-11-14 Confirmed Low 0.001 -50.0% 2 weeks
2025-11-21 Confirmed High 0.002 100.0% 1 weeks
2025-12-12 Confirmed Low 0.001 -50.0% 3 weeks
2025-12-19 Confirmed High 0.002 100.0% 1 weeks
2026-08-28 Confirmed Low 0.001 -50.0% 36 weeks
2026-09-11 Confirmed High 0.002 100.0% 2 weeks
2026-09-18 Confirmed Low 0.001 -50.0% 1 weeks
2026-09-25 Forming High 0.001 0.0% 1 weeks

Chart guide

Evidence context