Weekly structural research ยท BUE ยท Communication Services

SNAP Stage Analysis

Snap Inc.

Week ending 9 Oct 2026Close ARS 10,060.00Tenure DevelopingBenchmark ^MERV
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Upward Expansion ยท Early expansion

The weekly architecture is expanding upward.

Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing.

  • The Trend gate is up within the current regime.
  • Fast Activity versus Slow Activity: improving.
  • Activity structure: wide and expanding.
Direction 86โˆ’100 bearish to +100 bullish
Energy 68/100directional strength
Maturity 34/100lifecycle context
Confidence 75/100evidence agreement
Trend gate Upstructural direction
Activity structure Wideexpanding separation
Price acceptance +83.3%position within the Activity structure
Fair Value context -15.7%ARS 11,929.83 ยท improving
Trend Architecture map ยท Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value
Background stage key
  • BalanceDirection is contained.
  • Rotation UpStructure is turning higher.
  • Upward ExpansionUptrend is established.
  • DecelerationUptrend is losing energy.
  • Rotation DownStructure is turning lower.
  • Downward ExpansionDowntrend is established.
View chart values ยท 156 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-10-0910,060.008,082.5012.9422382Upward Expansion8668
2026-10-029,100.007,971.002.6256435Upward Expansion7054
2026-09-258,760.007,923.50-7.6728496Upward Expansion6359
2026-09-188,860.007,880.83-12.4961558Upward Expansion6774
2026-09-119,085.007,833.00-14.7556167Upward Expansion7980
2026-09-048,705.007,768.33-18.451367Upward Expansion6974
2026-08-288,680.007,737.33-17.782433Upward Expansion6861
2026-08-218,335.007,798.00-20.11809Balance4840
2026-08-148,500.007,908.50-20.1929293Balance2322
2026-08-078,440.008,011.17-24.884284Downward Expansion-1511
2026-07-317,385.008,148.83-38.862482Downward Expansion-5740
2026-07-246,935.008,322.00-43.398552Downward Expansion-6749
2026-07-177,155.008,492.17-41.15687Downward Expansion-6361
2026-07-107,280.008,642.00-42.761004Downward Expansion-5759
2026-07-037,700.008,773.67-38.94184Downward Expansion-5455
2026-06-266,780.008,911.00-45.83496Balance-6053
2026-06-197,000.009,073.33-47.6713Balance-5433
2026-06-127,795.009,227.33-43.441493Balance-3218
2026-06-058,720.009,390.50-31.903931Balance-67
2026-05-298,475.009,501.50-36.0410512Balance-1112
2026-05-228,440.009,607.00-29.6832536Balance-1018
2026-05-158,270.009,740.67-27.9532667Downward Expansion-922
2026-05-089,000.009,861.67-23.7950736Downward Expansion-1430
2026-05-019,025.009,971.00-25.7224741Downward Expansion-2629
2026-04-248,450.0010,101.17-31.0618564Downward Expansion-3929
2026-04-178,775.0010,222.83-30.1251675Downward Expansion-4943
2026-04-107,065.0010,353.33-46.0616896Downward Expansion-6362
2026-04-037,265.0010,479.17-45.1278555Downward Expansion-6665
2026-03-275,815.0010,573.67-53.3824942Downward Expansion-8372
2026-03-206,620.0010,703.17-46.2312041Downward Expansion-7776
2026-03-136,715.0010,801.83-44.3627873Downward Expansion-7989
2026-03-067,675.0010,887.33-36.5411273Downward Expansion-6888
2026-02-277,480.0010,961.17-39.1225611Downward Expansion-7390
2026-02-207,425.0011,121.83-45.0716624Downward Expansion-8494
2026-02-137,145.0011,292.67-46.6761158Downward Expansion-9295
2026-02-067,775.0011,487.83-45.7481058Downward Expansion-8881
2026-01-3010,500.0011,612.83-32.5720194Balance-2522
2026-01-2311,650.0011,655.33-23.2320269Balance2816
2026-01-1611,580.0011,616.17-19.8823645Balance3027
2026-01-0912,570.0011,542.17-17.8225663Deceleration5543
2026-01-0212,580.0011,437.17-19.157856Deceleration4521
2025-12-2612,040.0011,347.17-22.612707Deceleration2211
2025-12-1911,650.0011,276.17-26.1016062Deceleration1611
2025-12-1211,230.0011,207.83-25.407376Deceleration2013
2025-12-0511,820.0011,173.50-23.646154Deceleration3215
2025-11-2811,650.0011,097.83-24.856603Deceleration3517
2025-11-2111,620.0011,025.50-18.4714045Deceleration3720
2025-11-1412,690.0010,980.67-18.3139666Deceleration4929
2025-11-0712,050.0010,861.00-19.43162335Upward Expansion4024
2025-10-3111,640.0010,814.33-26.5218168Upward Expansion5131
2025-10-2412,450.0010,783.0011.9926561Upward Expansion6051
2025-10-1711,900.0010,752.1711.5625575Upward Expansion5861
2025-10-1012,280.0010,758.0018.5928578Upward Expansion6067
2025-10-0312,930.0010,704.5032.8726880Upward Expansion7165
2025-09-2612,100.0010,670.1725.1435130Balance5941
2025-09-1912,690.0010,681.0039.1250422Balance2920
2025-09-1210,840.0010,677.1714.0323814Downward Expansion-3528
2025-09-0510,100.0010,749.17-6.5414773Downward Expansion-4842
2025-08-299,700.0010,848.33-10.0720407Rotation Up-4945
2025-08-229,580.0010,975.83-16.9318967Rotation Up-5141
2025-08-159,280.0011,077.33-23.3818537Rotation Up-3120
2025-08-089,890.0011,201.33-23.1257919Rotation Up225
2025-08-0112,300.0011,379.17-4.508611Rotation Up2865
2025-07-2512,550.0011,438.33-0.058966Rotation Up3465
2025-07-1813,000.0011,452.507.546752Balance4148
2025-07-1111,525.0011,461.67-3.322264Balance216
2025-07-0411,775.0011,490.83-6.959350Downward Expansion-1210
2025-06-2710,475.0011,539.17-17.879970Downward Expansion-4127
2025-06-209,360.0011,631.67-29.322524Downward Expansion-5939
2025-06-139,420.0011,741.33-32.516080Downward Expansion-6039
2025-06-069,880.0011,828.17-31.783266Downward Expansion-4532
2025-05-309,910.0011,961.33-36.821643Downward Expansion-5639
2025-05-239,600.0012,125.17-41.683819Downward Expansion-6246
2025-05-1610,200.0012,208.50-38.676132Downward Expansion-6046
2025-05-099,550.0012,287.67-38.3027755Downward Expansion-6668
2025-05-029,480.0012,386.00-39.5835564Downward Expansion-7070
2025-04-2510,275.0012,511.67-39.423453Downward Expansion-6269
2025-04-189,100.0012,612.50-46.24765Downward Expansion-8479
2025-04-1110,650.0012,720.00-39.934571Downward Expansion-6756
2025-04-0410,700.0012,762.50-36.305116Downward Expansion-7167
2025-03-2811,525.0012,769.17-39.843397Rotation Down-6162
2025-03-2112,075.0012,788.33-39.173290Rotation Down-3252
2025-03-1410,675.0012,791.67-44.652140Balance-5158
2025-03-0711,900.0012,832.50-37.261612Balance-2534
2025-02-2812,425.0012,829.17-33.982544Balance-1720
2025-02-2112,575.0012,830.83-38.484966Balance38
2025-02-1413,000.0012,998.33-37.775383Balance2015
2025-02-0713,075.0013,201.67-39.0016903Balance-28
2025-01-3113,525.0013,538.33-41.407796Balance-25
2025-01-2412,625.0013,849.75-46.627748Balance-1211
2025-01-1713,000.0014,170.73-45.1543729Balance-512
2025-01-1015,225.0014,374.27-43.997794Balance1219
2025-01-0314,075.0014,519.60-48.093419Balance-44
2024-12-2712,975.0014,725.77-50.556503Downward Expansion-3318
2024-12-2013,275.0014,916.60-48.396472Downward Expansion-3519
2024-12-1312,400.0015,095.92-50.8719528Downward Expansion-4629
2024-12-0613,225.0015,271.25-44.8714115Downward Expansion-3729
2024-11-2913,250.0015,403.92-47.026661Downward Expansion-2924
2024-11-2212,650.0015,569.05-49.148172Downward Expansion-3120
2024-11-1512,025.0015,674.83-48.868050Downward Expansion-4427
2024-11-0813,875.0015,670.28-38.993952Downward Expansion-3423
2024-11-0114,825.0015,588.35-32.7727334Downward Expansion-3529
2024-10-2512,100.0015,479.60-45.525795Downward Expansion-5140
2024-10-1812,575.0015,488.68-42.411909Downward Expansion-4132
2024-10-1112,500.0015,484.83-41.922972Downward Expansion-4333
2024-10-0413,250.0015,466.23-37.946228Downward Expansion-4538
2024-09-2713,300.0015,458.32-37.098345Rotation Down-5047
2024-09-2012,325.0015,418.55-45.2024206Rotation Down-3546
2024-09-1311,925.0015,405.13-47.2513518Rotation Down-3852
2024-09-0610,900.0015,423.30-49.504921Rotation Down-4978
2024-08-3012,100.0015,516.68-44.395087Rotation Down-3275
2024-08-2312,175.0015,838.18-40.705241Rotation Down-3576
2024-08-1611,900.0016,121.97-43.846394Rotation Down-4265
2024-08-0911,800.0016,438.87-42.4011766Rotation Down-4652
2024-08-0212,475.0016,674.93-33.2230781Rotation Down-522
2024-07-2617,600.0016,886.13-13.1036098Upward Expansion4740
2024-07-1919,100.0016,848.63-7.49455Upward Expansion6458
2024-07-1223,175.0016,749.002.3210556Upward Expansion7982
2024-07-0522,867.5016,529.785.95568Upward Expansion8481
2024-06-2822,254.5016,252.754.211406Upward Expansion8778
2024-06-2119,106.0015,940.03-8.62256Upward Expansion6767
2024-06-1419,585.0015,685.57-6.84611Upward Expansion7282
2024-06-0720,260.0015,381.680.24649Upward Expansion8690
2024-05-3118,700.0015,038.88-14.89916Upward Expansion6682
2024-05-2418,654.5014,726.05-8.24718Upward Expansion7085
2024-05-1717,660.0014,375.90-10.581243Rotation Up6477
2024-05-1017,205.0014,103.87-9.082590Rotation Up6254
2024-05-0318,204.0013,819.12-6.774574Deceleration3129
2024-04-2615,823.5013,459.77-8.0613545Deceleration610
2024-04-1911,888.5013,175.25-25.7711407Deceleration-3234
2024-04-1211,417.0012,997.97-32.432006Deceleration-2933
2024-04-0511,562.5012,841.40-30.502592Deceleration-2932
2024-03-2912,372.5012,689.13-26.332214Rotation Down-2230
2024-03-2212,459.5012,544.42-27.495701Rotation Down-2342
2024-03-1511,942.0012,366.10-21.302655Deceleration-2839
2024-03-0813,012.5012,197.03-9.588956Deceleration-332
2024-03-0112,107.0011,964.35-20.533161Deceleration-733
2024-02-2311,922.5011,770.82-25.794878Deceleration724
2024-02-1612,470.0011,568.13-19.823947Upward Expansion2822
2024-02-0913,701.5011,379.12-17.2122143Upward Expansion6154
2024-02-0221,745.0011,158.3712.13263Upward Expansion8076
2024-01-2620,688.5010,634.9211.96362Upward Expansion7772
2024-01-1921,407.0010,148.1023.72723Upward Expansion9076
2024-01-1218,882.009,621.5024.74443Upward Expansion8172
2024-01-0518,811.009,173.7522.33502Upward Expansion8886
2023-12-2916,475.008,717.4822.09333Upward Expansion7890
2023-12-2216,111.008,339.5317.511179Upward Expansion8393
2023-12-1516,598.507,963.4324.33775Upward Expansion9598
2023-12-0814,556.507,569.427.29916Upward Expansion9496
2023-12-0112,873.007,217.152.291681Upward Expansion9093
2023-11-2411,472.006,914.12-14.162706Upward Expansion8686
2023-11-1710,468.506,663.2510.361160Upward Expansion8278
2023-11-109,976.006,465.631.92975Upward Expansion8285
2023-11-039,315.006,276.60-2.51770Upward Expansion7885
2023-10-278,150.006,107.78-17.473181Upward Expansion6578
2023-10-209,499.005,987.77-22.091717Upward Expansion8989
Price vs TrendAbove+24.5%
Trend directionFalling-0.8%
Price vs current Fair ValueBelow anchor-15.7%
Fair Value directionClosing upward+22.7%
Relative Strength vs benchmarkLeading+12.9%
Relative strength directionImproving+55.7%
Price momentumPositive+42.4%
Volume balanceDemand-led1.75ร—
Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

86 / ยฑ100

+7.1 points since 2026-09-11

Energy

68 /100

-11.8 points since 2026-09-11

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance9
Rotation Up77
Upward Expansion87
Deceleration49
Rotation Down12
Downward Expansion11

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind todayโ€™s regime

2023-10-20 to 2026-10-09 ยท 156 classified observations out of 156 shown.

Balance 17%Rotation Up 5%Upward Expansion 26%Deceleration 12%Rotation Down 8%Downward Expansion 32%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Upward Expansion2026-08-282026-10-09Developing+15.9%
Balance2026-08-142026-08-21New-1.9%
Downward Expansion2026-07-032026-08-07Developing+9.6%
Balance2026-05-222026-06-26Developing-19.7%
Downward Expansion2026-02-062026-05-15Established+6.4%
Balance2026-01-162026-01-30New-9.3%
Deceleration2025-11-142026-01-09Developing-0.9%
Upward Expansion2025-10-032025-11-07Developing-6.8%
Balance2025-09-192025-09-26New-4.6%
Downward Expansion2025-09-052025-09-12New+7.3%
Rotation Up2025-07-252025-08-29Developing-22.7%
Balance2025-07-112025-07-18New+12.8%
Downward Expansion2025-04-042025-07-04Established+10.0%
Rotation Down2025-03-212025-03-28New-4.6%
Classic Stage Analysis comparison
Stage 1 ยท Basing64
Stage 2 ยท Advancing44
Stage 3 ยท Distribution38
Stage 4 ยท Declining12

Legacy result: Stage 1 ยท Stage 1C ยท Breakout watch. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^MERV

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Leading benchmark

Architecture confirmation
92/100
Current Relative Strength
12.94
Relative Strength direction
Improving
Price momentum
+42.4%
Excess performance vs benchmark
+48.1%
Communication Services regime cohort
100th percentile3 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume1.53ร—

Latest completed volume relative to typical participation.

Up/down volume1.75ร—

Participation balance between advancing and declining observations.

Accumulation / distribution4 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

Current relationship between Fast Activity and Slow Activity.

Structure stability+12.5%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity ARS 9,319.00rising
Slow Activity ARS 8,342.58rising
Trend Reference ARS 8,082.50+24.5% close margin
Current Fair Value ARS 11,929.83-15.7% close margin
Structural low ARS 6,675.00shock / repair context
What changes the read?

Sustained fan recompression, a fast-line rollover or repeated closes inside/below the fan move the read toward Deceleration or Rotation Down.

Range context +6.5%
Annualized volatility +52.9%
From structural high -27.7%
From structural low +81.3%
Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon Samples Median movePositive periodsDirectional follow-through Median excess vs ^MERV Regime survived Read
Near term23+0.9%-37.7% to +58.6%+56.5%+56.5%-1.2%+78.3%Usable descriptive sample
Intermediate7-2.7%-34.7% to +60.3%+42.9%+42.9%-27.2%+28.6%Usable descriptive sample
Extended5-13.9%-43.8% to +127.1%+40.0%+40.0%-54.2%+40.0%Usable descriptive sample
Full cycle4-17.1%-74.5% to +250.0%+25.0%+25.0%-110.2%+50.0%Too little matched history
Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

Evidence context