Weekly structural research · ASX · Healthcare

IME Stage Analysis

ImExHS Limited

Week ending 9 Oct 2026Close AUD 0.30Tenure EstablishedBenchmark ^AXJO

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: moderate and expanding.

Direction -63−100 bearish to +100 bullish

Energy 56/100directional strength

Maturity 41/100lifecycle context

Confidence 87/100evidence agreement

Trend gate Downstructural direction

Activity structure Moderateexpanding separation

Price acceptance -33.3%position within the Activity structure

Fair Value context -27.4%AUD 0.4132 · improving

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.
Upward ExpansionUptrend is established.
DecelerationUptrend is losing energy.
Rotation DownStructure is turning lower.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-10-09	0.30	0.3478	-13.94	82007	Downward Expansion	-63	56
2026-10-02	0.325	0.3512	-6.11	0	Downward Expansion	-47	32
2026-09-25	0.325	0.3537	-5.58	26447	Downward Expansion	-46	27
2026-09-18	0.28	0.3578	-18.87	30800	Downward Expansion	-68	32
2026-09-11	0.325	0.362	-5.86	54282	Downward Expansion	-35	19
2026-09-04	0.355	0.3662	0.15	162	Downward Expansion	-25	15
2026-08-28	0.35	0.3693	-1.66	16928	Downward Expansion	-40	27
2026-08-21	0.31	0.3727	-11.97	0	Downward Expansion	-54	36
2026-08-14	0.31	0.3757	-12.19	10000	Downward Expansion	-57	39
2026-08-07	0.32	0.3787	-10.39	4687	Downward Expansion	-59	42
2026-07-31	0.35	0.3813	1.39	128742	Downward Expansion	-62	51
2026-07-24	0.305	0.383	-9.39	2062	Downward Expansion	-68	64
2026-07-17	0.31	0.3852	-7.91	0	Downward Expansion	-67	81
2026-07-10	0.285	0.3858	-15.16	1712	Downward Expansion	-88	88
2026-07-03	0.345	0.3882	2.36	20	Downward Expansion	-62	57
2026-06-26	0.305	0.3877	-8.46	1440	Rotation Down	-92	88
2026-06-19	0.35	0.3875	4.28	0	Rotation Down	-47	63
2026-06-12	0.385	0.3852	15.22	0	Rotation Down	-34	57
2026-06-05	0.35	0.3813	7.23	38046	Rotation Down	-45	71
2026-05-29	0.35	0.3787	6.01	0	Deceleration	-49	61
2026-05-22	0.36	0.376	10.04	27319	Deceleration	-14	25
2026-05-15	0.37	0.3717	13.49	10316	Deceleration	-6	9
2026-05-08	0.40	0.3675	21.19	99031	Deceleration	24	12
2026-05-01	0.41	0.3625	24.67	78778	Deceleration	19	11
2026-04-24	0.385	0.3578	16.69	6053	Deceleration	7	13
2026-04-17	0.385	0.353	14.59	15027	Deceleration	14	14
2026-04-10	0.40	0.349	18.69	12032	Deceleration	20	16
2026-04-03	0.39	0.3446	21.00	80000	Deceleration	32	24
2026-03-27	0.405	0.3399	26.19	231932	Deceleration	35	27
2026-03-20	0.395	0.3338	24.20	239850	Deceleration	42	31
2026-03-13	0.40	0.3286	23.11	0	Upward Expansion	47	40
2026-03-06	0.40	0.3226	20.03	53358	Upward Expansion	53	53
2026-02-27	0.45	0.3179	29.75	56237	Upward Expansion	77	69
2026-02-20	0.405	0.3129	18.28	5769	Upward Expansion	67	67
2026-02-13	0.45	0.3079	33.59	30657	Upward Expansion	78	84
2026-02-06	0.45	0.3014	37.06	43720	Upward Expansion	86	91
2026-01-30	0.45	0.2951	34.90	54392	Upward Expansion	92	95
2026-01-23	0.40	0.2899	20.63	29582	Upward Expansion	71	89
2026-01-16	0.40	0.2864	20.26	50500	Upward Expansion	77	91
2026-01-09	0.40	0.2834	23.04	59909	Upward Expansion	84	94
2026-01-02	0.40	0.2809	23.02	84564	Upward Expansion	91	96
2025-12-26	0.37	0.2786	13.36	50962	Rotation Up	86	92
2025-12-19	0.33	0.2772	2.69	10000	Rotation Up	41	73
2025-12-12	0.355	0.2776	9.11	96067	Rotation Up	63	79
2025-12-05	0.33	0.2772	2.05	58933	Rotation Up	56	65
2025-11-28	0.30	0.2778	-7.17	276030	Balance	32	41
2025-11-21	0.28	0.2789	-11.46	298761	Balance	2	16
2025-11-14	0.27	0.2812	-17.39	181572	Balance	-11	9
2025-11-07	0.27	0.2842	-19.45	123435	Downward Expansion	-18	12
2025-10-31	0.27	0.2861	-21.25	211694	Downward Expansion	-44	26
2025-10-24	0.23	0.2902	-34.75	47062	Downward Expansion	-61	34
2025-10-17	0.245	0.2959	-31.18	66944	Downward Expansion	-45	27
2025-10-10	0.25	0.2998	-30.40	163584	Downward Expansion	-39	22
2025-10-03	0.27	0.3028	-25.99	461914	Downward Expansion	-36	20
2025-09-26	0.24	0.3064	-33.51	308367	Downward Expansion	-49	29
2025-09-19	0.265	0.3118	-27.52	32012	Downward Expansion	-44	31
2025-09-12	0.2675	0.3162	-28.52	220450	Downward Expansion	-59	44
2025-09-05	0.25	0.3207	-34.12	156957	Downward Expansion	-64	58
2025-08-29	0.22	0.3257	-43.46	53170	Downward Expansion	-79	67
2025-08-22	0.24	0.33	-39.28	72095	Downward Expansion	-71	59
2025-08-15	0.22	0.3337	-45.02	232231	Downward Expansion	-88	67
2025-08-08	0.26	0.3378	-35.04	94396	Downward Expansion	-73	62
2025-08-01	0.30	0.3413	-24.82	147326	Downward Expansion	-67	82
2025-07-25	0.255	0.3438	-36.88	35623	Downward Expansion	-81	93
2025-07-18	0.255	0.3473	-38.18	18925	Downward Expansion	-89	95
2025-07-11	0.26	0.351	-36.47	72207	Downward Expansion	-92	95
2025-07-04	0.295	0.3542	-28.97	157534	Downward Expansion	-74	77
2025-06-27	0.295	0.3561	-29.03	246225	Downward Expansion	-80	78
2025-06-20	0.31	0.3569	-26.17	119810	Downward Expansion	-72	67
2025-06-13	0.325	0.3599	-23.46	85899	Downward Expansion	-61	52
2025-06-06	0.33	0.363	-22.47	136411	Downward Expansion	-58	40
2025-05-30	0.33	0.366	-22.27	363868	Downward Expansion	-59	42
2025-05-23	0.34	0.37	-19.92	67129	Downward Expansion	-55	44
2025-05-16	0.345	0.3727	-19.14	134604	Downward Expansion	-52	42
2025-05-09	0.345	0.3762	-18.64	25762	Downward Expansion	-52	45
2025-05-02	0.335	0.3793	-21.73	123451	Balance	-56	48
2025-04-25	0.35	0.3832	-16.23	37142	Balance	-50	34
2025-04-18	0.36	0.3875	-13.19	141461	Balance	-44	20
2025-04-11	0.325	0.3915	-20.59	10167	Balance	-50	24
2025-04-04	0.395	0.3967	-4.73	15542	Balance	-19	12
2025-03-28	0.40	0.3992	-8.12	139077	Balance	-19	14
2025-03-21	0.36	0.4025	-17.46	193909	Balance	-35	22
2025-03-14	0.34	0.4072	-21.21	47212	Balance	-43	19
2025-03-07	0.38	0.4118	-14.54	65795	Balance	-8	14
2025-02-28	0.40	0.4152	-13.55	118946	Balance	-6	17
2025-02-21	0.40	0.4185	-15.73	121036	Downward Expansion	-11	14
2025-02-14	0.40	0.4197	-19.29	4758	Downward Expansion	-29	17
2025-02-07	0.40	0.4223	-19.88	104767	Downward Expansion	-39	27
2025-01-31	0.35	0.425	-30.96	97457	Downward Expansion	-61	46
2025-01-24	0.35	0.4297	-30.95	31813	Downward Expansion	-61	44
2025-01-17	0.345	0.4343	-32.03	93055	Downward Expansion	-66	45
2025-01-10	0.365	0.4365	-28.95	252983	Downward Expansion	-48	38
2025-01-03	0.375	0.4382	-27.58	484951	Downward Expansion	-60	49
2024-12-27	0.36	0.4407	-31.41	38916	Downward Expansion	-64	59
2024-12-20	0.365	0.4447	-29.73	35805	Downward Expansion	-67	86
2024-12-13	0.3575	0.4477	-33.79	38785	Downward Expansion	-69	87
2024-12-06	0.35	0.4518	-36.92	45275	Downward Expansion	-78	90
2024-11-29	0.32	0.4568	-43.19	221055	Downward Expansion	-94	93
2024-11-22	0.40	0.4628	-29.74	48633	Downward Expansion	-76	71
2024-11-15	0.4175	0.4684	-26.54	9360	Downward Expansion	-68	65
2024-11-08	0.42	0.4725	-27.00	17800	Downward Expansion	-69	62
2024-11-01	0.45	0.477	-20.95	9671	Downward Expansion	-57	57
2024-10-25	0.42	0.4817	-27.80	24461	Downward Expansion	-69	64
2024-10-18	0.45	0.487	-24.34	65446	Balance	-53	47
2024-10-11	0.44	0.4892	-26.23	74062	Balance	-61	45
2024-10-04	0.45	0.493	-24.59	29476	Balance	-45	24
2024-09-27	0.48	0.4997	-20.82	52187	Balance	-27	16
2024-09-20	0.48	0.5043	-21.34	16560	Balance	-26	13
2024-09-13	0.48	0.51	-20.81	8478	Balance	-15	9
2024-09-06	0.47	0.5157	-22.09	48326	Balance	-18	11
2024-08-30	0.50	0.522	-18.58	95705	Balance	-8	11
2024-08-23	0.50	0.5273	-18.41	61883	Balance	-12	13
2024-08-16	0.48	0.5317	-21.61	45884	Downward Expansion	-25	17
2024-08-09	0.48	0.537	-20.19	65342	Downward Expansion	-36	22
2024-08-02	0.50	0.5427	-19.00	214644	Downward Expansion	-37	24
2024-07-26	0.435	0.5473	-29.66	38000	Downward Expansion	-57	34
2024-07-19	0.48	0.5552	-23.37	0	Downward Expansion	-38	29
2024-07-12	0.48	0.5595	-23.66	10000	Downward Expansion	-46	36
2024-07-05	0.49	0.5647	-21.12	0	Downward Expansion	-52	49
2024-06-28	0.49	0.5692	-21.00	144358	Downward Expansion	-64	60
2024-06-21	0.41	0.5748	-34.46	65948	Downward Expansion	-79	86
2024-06-14	0.415	0.5817	-33.54	57561	Downward Expansion	-83	87
2024-06-07	0.45	0.589	-29.66	131939	Downward Expansion	-74	74
2024-05-31	0.48	0.595	-23.67	61150	Downward Expansion	-65	74
2024-05-24	0.455	0.6007	-28.16	6726	Downward Expansion	-80	85
2024-05-17	0.48	0.6085	-25.40	70382	Downward Expansion	-78	75
2024-05-10	0.50	0.6147	-21.90	73543	Downward Expansion	-75	66
2024-05-03	0.50	0.618	-20.87	100027	Downward Expansion	-81	59
2024-04-26	0.57	0.6213	-9.45	2771	Downward Expansion	-58	44
2024-04-19	0.54	0.6223	-14.47	95325	Downward Expansion	-72	53
2024-04-12	0.555	0.6243	-14.86	11025	Downward Expansion	-67	75
2024-04-05	0.59	0.6258	-9.50	26110	Downward Expansion	-62	77
2024-03-29	0.58	0.6277	-12.50	28907	Downward Expansion	-62	78
2024-03-22	0.515	0.6295	-21.15	259817	Rotation Down	-89	87
2024-03-15	0.555	0.6325	-14.00	89992	Rotation Down	-51	52
2024-03-08	0.65	0.6347	-1.53	22182	Balance	35	16
2024-03-01	0.62	0.633	-4.33	132820	Balance	14	7
2024-02-23	0.65	0.6323	2.19	23376	Balance	46	37
2024-02-16	0.65	0.6307	2.67	25640	Balance	46	31
2024-02-09	0.66	0.629	5.11	13193	Balance	54	35
2024-02-02	0.66	0.627	5.08	103273	Balance	55	30
2024-01-26	0.63	0.625	2.93	46725	Balance	37	17
2024-01-19	0.64	0.624	7.08	34852	Balance	44	29
2024-01-12	0.65	0.6225	8.33	141759	Balance	45	22
2024-01-05	0.64	0.6208	7.37	71678	Balance	41	19
2023-12-29	0.67	0.6162	11.31	90263	Balance	55	23
2023-12-22	0.61	0.6125	3.12	38889	Balance	19	9
2023-12-15	0.635	0.611	8.63	76296	Upward Expansion	31	14
2023-12-08	0.625	0.6082	11.21	60611	Upward Expansion	31	14
2023-12-01	0.66	0.6057	20.16	60897	Upward Expansion	45	21
2023-11-24	0.615	0.6027	13.28	51234	Upward Expansion	32	16
2023-11-17	0.635	0.6048	17.54	1670	Upward Expansion	52	48
2023-11-10	0.63	0.6045	18.60	86416	Upward Expansion	54	58
2023-11-03	0.65	0.6032	23.15	303135	Upward Expansion	55	60
2023-10-27	0.69	0.6007	34.40	128024	Balance	76	65
2023-10-20	0.665	0.5967	29.15	64491	Balance	66	32

Price vs TrendBelow-13.8%

Trend directionFalling-8.8%

Price vs current Fair ValueBelow anchor-27.4%

Fair Value directionClosing upward+7.4%

Relative Strength vs benchmarkLagging-13.9%

Relative strength directionImproving+1.2%

Price momentumNegative-25.0%

Volume balanceSupply-led0.94×

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

-63 / ±100

-28.0 points since 2026-09-11

Energy

56 /100

+37.0 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.

IME Directional State ↗ IME Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance25

Rotation Up16

Upward Expansion12

Deceleration38

Rotation Down61

Downward Expansion81

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 23%Rotation Up 3%Upward Expansion 12%Deceleration 7%Rotation Down 4%Downward Expansion 52%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-07-03	2026-10-09	Established	-13.0%
Rotation Down	2026-06-05	2026-06-26	New	-12.9%
Deceleration	2026-03-20	2026-05-29	Developing	-11.4%
Upward Expansion	2026-01-02	2026-03-13	Developing	+0.0%
Rotation Up	2025-12-05	2025-12-26	New	+12.1%
Balance	2025-11-14	2025-11-28	New	+11.1%
Downward Expansion	2025-05-09	2025-11-07	Extended	-21.7%
Balance	2025-02-28	2025-05-02	Developing	-16.2%
Downward Expansion	2024-10-25	2025-02-21	Established	-4.8%
Balance	2024-08-23	2024-10-18	Developing	-10.0%
Downward Expansion	2024-03-29	2024-08-16	Established	-17.2%
Rotation Down	2024-03-15	2024-03-22	New	-7.2%
Balance	2023-12-22	2024-03-08	Developing	+6.6%
Upward Expansion	2023-11-03	2023-12-15	Developing	-2.3%

Classic Stage Analysis comparison

Stage 1 · Basing60

Stage 2 · Advancing0

Stage 3 · Distribution11

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 ^AXJO

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: 84/100
Current Relative Strength: -13.94
Relative Strength direction: Improving
Price momentum: -25.0%
Excess performance vs benchmark: -22.3%
Healthcare regime cohort: 42th percentile67 in cohort

Test IME trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume4.13×

Latest completed volume relative to typical participation.

Up/down volume0.94×

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 3

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 IME Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity AUD 0.3107falling

Slow Activity AUD 0.3311falling

Trend Reference AUD 0.3478-13.8% close margin

Current Fair Value AUD 0.4132-27.4% close margin

Structural low AUD 0.275shock / 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 +9.0%

Annualized volatility +64.5%

From structural high -36.2%

From structural low +30.4%

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 ^AXJO	Regime survived	Read
Near term	43	-4.3%-35.3% to +39.0%	+30.2%	+62.8%	-5.9%	+90.7%	Usable descriptive sample
Intermediate	15	-15.2%-26.2% to +66.7%	+20.0%	+73.3%	-17.1%	+73.3%	Usable descriptive sample
Extended	8	-19.5%-37.9% to +48.1%	+25.0%	+75.0%	-24.8%	+50.0%	Usable descriptive sample
Full cycle	4	-16.9%-61.1% to +15.9%	+25.0%	+75.0%	-21.2%	+25.0%	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.

IME 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 ↗

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

Similar Charts

RMI Reversal Map