Weekly structural research · CPH · Industrials

FOM Stage Analysis

FOM Technologies A/S

Week ending 9 Oct 2026Close DKK 1.91Tenure ExtendedBenchmark ^OMXC25

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Downward Expansion · Established contraction

The weekly architecture is expanding downward.

Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation.

The Trend gate is down within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: wide and contracting.

Direction -68−100 bearish to +100 bullish

Energy 57/100directional strength

Maturity 100/100lifecycle context

Confidence 85/100evidence agreement

Trend gate Downstructural direction

Activity structure Widecontracting separation

Price acceptance -83.3%position within the Activity structure

Fair Value context -83.4%DKK 11.50 · weakening

Trend Architecture map · 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.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-10-09	1.91	2.44	-42.59	14183	Downward Expansion	-68	57
2026-10-02	1.98	2.49	-41.53	36395	Downward Expansion	-66	61
2026-09-25	1.90	2.55	-45.59	85005	Downward Expansion	-75	82
2026-09-18	1.97	2.58	-46.21	45045	Downward Expansion	-77	91
2026-09-11	2.01	2.62	-46.53	81301	Downward Expansion	-80	90
2026-09-04	2.02	2.65	-49.25	2961	Downward Expansion	-87	91
2026-08-28	2.10	2.73	-48.94	9299	Downward Expansion	-83	75
2026-08-21	2.41	2.81	-42.50	33915	Downward Expansion	-45	38
2026-08-14	2.44	2.88	-42.97	12836	Downward Expansion	-46	36
2026-08-07	2.36	2.95	-44.79	1202	Downward Expansion	-61	42
2026-07-31	2.49	3.04	-42.95	20206	Downward Expansion	-57	40
2026-07-24	2.38	3.09	-46.44	3340	Downward Expansion	-60	49
2026-07-17	2.35	3.14	-50.17	10128	Downward Expansion	-64	60
2026-07-10	2.40	3.21	-49.51	14005	Downward Expansion	-62	59
2026-07-03	2.35	3.27	-52.35	20140	Downward Expansion	-66	58
2026-06-26	2.50	3.34	-48.13	520	Downward Expansion	-59	51
2026-06-19	2.46	3.41	-48.14	3804	Downward Expansion	-58	35
2026-06-12	2.64	3.47	-46.06	100	Downward Expansion	-51	29
2026-06-05	2.64	3.54	-46.30	45859	Downward Expansion	-41	25
2026-05-29	2.82	3.61	-44.38	30649	Downward Expansion	-36	24
2026-05-22	2.89	3.72	-43.77	40197	Downward Expansion	-38	27
2026-05-15	2.71	3.83	-47.30	34351	Downward Expansion	-42	32
2026-05-08	2.70	3.92	-47.64	67415	Downward Expansion	-53	37
2026-05-01	2.69	4.00	-48.87	136379	Downward Expansion	-57	43
2026-04-24	2.68	4.09	-49.32	42991	Downward Expansion	-61	53
2026-04-17	2.70	4.21	-51.28	36128	Downward Expansion	-62	61
2026-04-10	2.46	4.35	-55.62	28508	Downward Expansion	-70	67
2026-04-03	2.65	4.52	-51.76	27966	Downward Expansion	-67	50
2026-03-27	2.60	4.65	-51.35	154728	Downward Expansion	-71	49
2026-03-20	3.05	4.80	-43.50	25259	Downward Expansion	-66	50
2026-03-13	3.33	4.93	-40.70	22687	Downward Expansion	-61	59
2026-03-06	3.73	5.07	-35.18	102103	Downward Expansion	-62	70
2026-02-27	2.86	5.18	-51.79	41818	Downward Expansion	-77	79
2026-02-20	3.15	5.31	-49.88	70682	Downward Expansion	-74	66
2026-02-13	3.01	5.45	-52.44	333642	Downward Expansion	-78	50
2026-02-06	4.43	5.60	-32.31	51163	Downward Expansion	-41	26
2026-01-30	4.54	5.71	-33.15	51741	Downward Expansion	-39	21
2026-01-23	4.40	5.86	-36.26	60457	Downward Expansion	-45	30
2026-01-16	4.50	5.92	-36.21	68967	Downward Expansion	-46	34
2026-01-09	5.12	5.98	-26.93	469776	Downward Expansion	-49	37
2026-01-02	3.86	6.02	-43.12	131574	Downward Expansion	-70	60
2025-12-26	4.10	6.11	-40.15	50321	Downward Expansion	-67	52
2025-12-19	4.19	6.18	-38.97	121171	Downward Expansion	-66	55
2025-12-12	4.29	6.23	-38.56	128852	Downward Expansion	-67	69
2025-12-05	4.49	6.31	-35.14	117771	Downward Expansion	-64	73
2025-11-28	4.68	6.39	-32.45	60477	Downward Expansion	-62	73
2025-11-21	4.25	6.47	-37.58	164376	Downward Expansion	-75	72
2025-11-14	4.53	6.55	-35.21	241498	Downward Expansion	-72	49
2025-11-07	4.96	6.63	-28.40	181385	Downward Expansion	-67	40
2025-10-31	5.98	6.68	-15.04	31571	Downward Expansion	-55	45
2025-10-24	6.18	6.69	-14.29	67633	Downward Expansion	-59	62
2025-10-17	5.36	6.76	-26.81	145673	Downward Expansion	-64	68
2025-10-10	5.18	6.81	-30.70	94914	Balance	-71	66
2025-10-03	5.37	6.86	-29.35	130148	Balance	-31	37
2025-09-26	6.50	6.90	-12.89	53408	Balance	-11	9
2025-09-19	6.72	6.89	-13.49	48620	Balance	12	7
2025-09-12	7.50	6.90	-4.60	102312	Balance	35	14
2025-09-05	6.64	6.87	-17.13	104156	Balance	21	10
2025-08-29	7.02	6.88	-13.86	57685	Balance	30	13
2025-08-22	7.06	6.88	-16.94	112082	Balance	31	14
2025-08-15	7.50	6.89	-9.88	353498	Balance	37	16
2025-08-08	6.92	6.91	-18.96	46970	Balance	34	15
2025-08-01	7.00	6.95	-18.45	52392	Rotation Up	19	20
2025-07-25	7.24	7.00	-24.70	49885	Rotation Up	25	36
2025-07-18	7.58	7.04	-20.59	91119	Rotation Up	23	34
2025-07-11	7.76	7.07	-20.49	131497	Rotation Up	19	25
2025-07-04	8.88	7.13	-10.79	829071	Rotation Up	30	21
2025-06-27	6.30	7.16	-38.01	13737	Downward Expansion	-50	27
2025-06-20	6.36	7.27	-39.87	46017	Downward Expansion	-49	29
2025-06-13	6.06	7.38	-46.30	11458	Downward Expansion	-58	45
2025-06-06	6.64	7.50	-42.50	10715	Downward Expansion	-51	33
2025-05-30	6.20	7.65	-46.07	25059	Downward Expansion	-56	36
2025-05-23	5.66	7.86	-51.73	32051	Downward Expansion	-67	37
2025-05-16	6.92	8.16	-42.45	23990	Downward Expansion	-37	22
2025-05-09	6.76	8.41	-42.80	2999	Downward Expansion	-51	29
2025-05-02	7.02	8.68	-42.53	20212	Downward Expansion	-51	33
2025-04-25	6.70	8.96	-42.34	15266	Downward Expansion	-55	39
2025-04-18	6.90	9.27	-40.80	16490	Downward Expansion	-43	30
2025-04-11	6.44	9.58	-43.54	33811	Downward Expansion	-52	34
2025-04-04	6.32	9.92	-45.93	49981	Downward Expansion	-58	39
2025-03-28	8.18	10.25	-38.85	83325	Downward Expansion	-46	38
2025-03-21	7.08	10.49	-49.37	31298	Downward Expansion	-64	62
2025-03-14	6.50	10.79	-54.79	31049	Downward Expansion	-68	65
2025-03-07	6.66	11.14	-55.69	28205	Downward Expansion	-67	66
2025-02-28	6.30	11.64	-59.72	21141	Downward Expansion	-78	71
2025-02-21	6.76	12.12	-57.10	13828	Downward Expansion	-72	81
2025-02-14	6.74	12.61	-57.06	15808	Downward Expansion	-77	87
2025-02-07	6.80	13.10	-57.51	22367	Downward Expansion	-80	84
2025-01-31	7.20	13.64	-55.39	31227	Downward Expansion	-78	72
2025-01-24	7.28	14.19	-55.64	25685	Downward Expansion	-81	71
2025-01-17	8.00	14.75	-51.53	40535	Downward Expansion	-74	73
2025-01-10	8.26	15.23	-52.00	9613	Downward Expansion	-72	78
2025-01-03	8.56	15.73	-52.00	82482	Downward Expansion	-70	78
2024-12-27	8.30	16.22	-54.20	40990	Downward Expansion	-78	88
2024-12-20	8.54	16.74	-52.31	137995	Downward Expansion	-78	87
2024-12-13	9.52	17.25	-50.56	13398	Downward Expansion	-69	85
2024-12-06	9.80	17.72	-50.71	45896	Downward Expansion	-68	87
2024-11-29	9.50	18.10	-53.06	23615	Downward Expansion	-76	90
2024-11-22	9.74	18.45	-52.68	46288	Downward Expansion	-79	90
2024-11-15	9.82	18.79	-52.67	95211	Downward Expansion	-84	90
2024-11-08	11.00	19.18	-49.23	54751	Downward Expansion	-81	74
2024-11-01	12.40	19.62	-45.50	35120	Downward Expansion	-77	62
2024-10-25	14.65	19.98	-37.10	13309	Downward Expansion	-64	49
2024-10-18	14.55	20.26	-39.24	20622	Downward Expansion	-66	50
2024-10-11	14.95	20.53	-39.06	54068	Downward Expansion	-65	49
2024-10-04	15.20	20.83	-38.37	28751	Downward Expansion	-66	48
2024-09-27	16.10	21.08	-37.41	39386	Downward Expansion	-62	48
2024-09-20	16.40	21.33	-38.27	49713	Downward Expansion	-63	54
2024-09-13	16.60	21.55	-40.21	14564	Downward Expansion	-65	77
2024-09-06	16.15	21.76	-40.37	34241	Downward Expansion	-69	83
2024-08-30	15.35	22.00	-45.28	137244	Downward Expansion	-82	86
2024-08-23	16.00	22.32	-43.53	72698	Downward Expansion	-86	84
2024-08-16	17.00	22.66	-41.11	85531	Downward Expansion	-84	75
2024-08-09	21.70	23.00	-24.95	23716	Downward Expansion	-53	50
2024-08-02	20.80	23.21	-29.09	23584	Balance	-59	50
2024-07-26	21.30	23.48	-29.07	17167	Balance	-46	31
2024-07-19	21.50	23.70	-28.49	29800	Balance	-42	18
2024-07-12	22.90	23.92	-27.04	13048	Balance	-24	11
2024-07-05	23.80	24.13	-24.41	16348	Balance	-8	7
2024-06-28	24.00	24.29	-23.58	24745	Balance	-6	5
2024-06-21	22.40	24.50	-30.07	9793	Balance	-19	12
2024-06-14	23.30	24.78	-27.95	9107	Balance	-11	15
2024-06-07	23.30	25.05	-30.35	11161	Downward Expansion	-22	20
2024-05-31	23.90	25.30	-28.17	13109	Downward Expansion	-25	17
2024-05-24	23.90	25.51	-28.59	16961	Downward Expansion	-36	22
2024-05-17	23.50	25.76	-30.86	27699	Downward Expansion	-56	41
2024-05-10	21.20	26.10	-36.58	29252	Downward Expansion	-60	61
2024-05-03	20.00	26.55	-39.41	32560	Downward Expansion	-71	58
2024-04-26	20.10	27.05	-40.29	45885	Downward Expansion	-75	50
2024-04-19	21.40	27.59	-36.62	44339	Downward Expansion	-69	43
2024-04-12	24.30	28.06	-29.58	12132	Downward Expansion	-46	35
2024-04-05	23.30	28.44	-33.64	21006	Downward Expansion	-57	43
2024-03-29	22.90	28.89	-36.20	21938	Downward Expansion	-62	49
2024-03-22	22.60	29.38	-37.98	27460	Downward Expansion	-67	54
2024-03-15	23.90	29.89	-34.41	45495	Downward Expansion	-63	56
2024-03-08	22.90	30.34	-38.96	74120	Downward Expansion	-68	65
2024-03-01	23.40	30.85	-37.29	31129	Downward Expansion	-67	84
2024-02-23	23.00	31.36	-38.16	46797	Downward Expansion	-75	88
2024-02-16	23.00	31.92	-39.17	34562	Downward Expansion	-79	86
2024-02-09	23.40	32.50	-38.24	59045	Downward Expansion	-82	83
2024-02-02	25.00	33.04	-33.77	39762	Downward Expansion	-77	69
2024-01-26	26.10	33.43	-30.85	26671	Downward Expansion	-74	56
2024-01-19	27.10	33.84	-28.12	26853	Downward Expansion	-69	52
2024-01-12	28.10	34.20	-28.45	29538	Downward Expansion	-64	50
2024-01-05	28.90	34.51	-25.98	31863	Downward Expansion	-63	52
2023-12-29	27.80	34.84	-28.33	45374	Downward Expansion	-72	67
2023-12-22	28.20	35.21	-27.22	88546	Downward Expansion	-71	59
2023-12-15	29.10	35.54	-23.76	111248	Downward Expansion	-68	54
2023-12-08	28.60	35.85	-24.53	41229	Downward Expansion	-76	58
2023-12-01	30.50	36.17	-19.75	39576	Downward Expansion	-65	52
2023-11-24	30.70	36.44	-18.79	36398	Downward Expansion	-66	66
2023-11-17	31.30	36.73	-17.59	26273	Downward Expansion	-66	77
2023-11-10	30.80	37.01	-16.16	12489	Downward Expansion	-72	79
2023-11-03	30.40	37.28	-17.23	22820	Downward Expansion	-80	80
2023-10-27	31.40	37.60	-12.92	51507	Downward Expansion	-79	73
2023-10-20	33.70	37.89	-7.90	16119	Downward Expansion	-69	58

Price vs TrendBelow-21.8%

Trend directionFalling-19.7%

Price vs current Fair ValueBelow anchor-83.4%

Fair Value directionMoving away-0.0%

Relative Strength vs benchmarkLagging-42.6%

Relative strength directionImproving+6.9%

Price momentumNegative-22.4%

Volume balanceSupply-led0.26×

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

-68 / ±100

+12.4 points since 2026-09-11

Energy

57 /100

-33.0 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.

FOM Directional State ↗ FOM Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance11

Rotation Up17

Upward Expansion9

Deceleration60

Rotation Down68

Downward Expansion84

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 today’s regime

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

Balance 12%Rotation Up 3%Downward Expansion 85%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2025-10-17	2026-10-09	Extended	-64.4%
Balance	2025-08-08	2025-10-10	Developing	-25.1%
Rotation Up	2025-07-04	2025-08-01	Developing	-21.2%
Downward Expansion	2024-08-09	2025-06-27	Extended	-71.0%
Balance	2024-06-14	2024-08-02	Developing	-10.7%
Downward Expansion	2023-09-22	2024-06-07	Extended	-34.0%
Balance	2023-07-28	2023-09-15	Developing	-10.1%
Downward Expansion	2023-05-19	2023-07-21	Developing	+4.7%
Rotation Down	2023-04-21	2023-05-12	New	-4.8%
Deceleration	2023-03-03	2023-04-14	Developing	-9.3%
Upward Expansion	2022-12-02	2023-02-24	Established	+0.7%
Rotation Up	2022-11-18	2022-11-25	New	+1.4%
Balance	2022-05-20	2022-11-11	Established	+8.2%
Rotation Up	2022-04-29	2022-05-13	New	-23.5%

Classic Stage Analysis comparison

Stage 1 · Basing67

Stage 2 · Advancing0

Stage 3 · Distribution3

Stage 4 · Declining100

Legacy result: Stage 4 · Stage 4B · Declining. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^OMXC25

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

Lagging benchmark

Architecture confirmation: 99/100
Current Relative Strength: -42.59
Relative Strength direction: Improving
Price momentum: -22.4%
Excess performance vs benchmark: -26.3%
Industrials regime cohort: 33th percentile12 in cohort

Test FOM trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.60×

Latest completed volume relative to typical participation.

Up/down volume0.26×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 4

Recent participation evidence classified by demand and supply.

Activity alignment+0.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

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.

Explore FOM Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity DKK 1.94falling

Slow Activity DKK 2.29falling

Trend Reference DKK 2.44-21.8% close margin

Current Fair Value DKK 11.50-83.4% close margin

Structural low DKK 1.30shock / repair context

What changes the read?

Fan contraction and a persistent upward fast/slow rotation are required before the declining structure is considered repaired.

Range context +11.8%

Annualized volatility +33.7%

From structural high -71.1%

From structural low +46.9%

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 move	Positive periods	Directional follow-through	Median excess vs ^OMXC25	Regime survived	Read
Near term	39	-4.8%-29.0% to +28.1%	+33.3%	+66.7%	-7.4%	+89.7%	Usable descriptive sample
Intermediate	12	-14.5%-49.3% to +6.1%	+16.7%	+83.3%	-22.4%	+66.7%	Usable descriptive sample
Extended	7	-29.5%-58.2% to +2.1%	+14.3%	+85.7%	-32.6%	+85.7%	Usable descriptive sample
Full cycle	4	-50.0%-70.6% to +18.2%	+25.0%	+75.0%	-52.5%	+75.0%	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.

FOM Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding downward.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength

Lagging benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Send a message

Evidence context

What the Activity Line geometry says now

The weekly architecture is expanding downward.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength ?

Lagging benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

Test the structure from another angle

Trend Persistence ↗

Directional State ↗

Momentum Intelligence ↗

Volume & Price ↗

Similar Charts ↗

RMI Reversal Map ↗

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Relative Strength

Trend Persistence

Directional State

Momentum Intelligence

Volume & Price

Similar Charts

RMI Reversal Map