Weekly structural research ยท JPX ยท Consumer Cyclical

7762 Stage Analysis

Citizen Watch Co., Ltd.

Week ending 9 Oct 2026Close JPY 2,376.00Tenure NewBenchmark ^N225
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Deceleration ยท Recompressing

The upward structure remains, but its energy is decelerating.

Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down.

  • The Trend gate is up within the current regime.
  • Fast Activity versus Slow Activity: weakening.
  • Activity structure: compressed and contracting.
Direction 26โˆ’100 bearish to +100 bullish
Energy 15/100directional strength
Maturity 44/100lifecycle context
Confidence 89/100evidence agreement
Trend gate Upstructural direction
Activity structure Compressedcontracting separation
Price acceptance -16.7%position within the Activity structure
Fair Value context +98.2%JPY 1,198.57 ยท weakening
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
2026-10-092,376.002,211.7711.815417300Deceleration2615
2026-10-022,398.002,186.3214.947003700Deceleration2623
2026-09-252,401.852,164.0119.452247500Deceleration3121
2026-09-182,318.792,146.8718.817950900Upward Expansion3823
2026-09-112,185.302,126.3914.769925600Upward Expansion4435
2026-09-042,583.802,109.5334.632073500Upward Expansion6580
2026-08-282,709.382,069.4239.691236100Upward Expansion8086
2026-08-212,529.002,023.9432.731449600Upward Expansion6763
2026-08-142,751.001,985.9240.153261900Deceleration8455
2026-08-072,393.001,939.7429.26947300Deceleration5127
2026-07-312,133.001,903.2918.651297200Deceleration3725
2026-07-242,178.001,874.1721.621797400Upward Expansion4634
2026-07-172,179.001,843.3423.672035100Upward Expansion6152
2026-07-102,331.001,812.7424.891673300Upward Expansion6564
2026-07-032,405.001,779.0927.851265400Upward Expansion6966
2026-06-262,511.001,742.1135.571001300Upward Expansion8780
2026-06-192,386.001,700.8726.831210000Upward Expansion8281
2026-06-122,179.001,662.1326.111012800Upward Expansion6880
2026-06-052,253.001,629.5930.371081800Upward Expansion7289
2026-05-292,315.001,589.2635.748107900Upward Expansion8593
2026-05-222,143.001,547.3532.877305700Upward Expansion7785
2026-05-152,256.001,512.4945.5410808100Upward Expansion9386
2026-05-081,986.001,471.8326.863333000Upward Expansion8161
2026-05-011,790.001,440.7621.442885400Upward Expansion6354
2026-04-241,815.001,415.2723.524084200Upward Expansion6557
2026-04-171,855.001,387.5229.734657500Upward Expansion7462
2026-04-101,796.001,358.2329.983830300Upward Expansion6958
2026-04-031,761.001,331.2437.524296700Upward Expansion6855
2026-03-271,754.501,306.4437.506415200Upward Expansion7061
2026-03-201,680.491,280.5732.674841900Upward Expansion6566
2026-03-131,612.401,257.1127.055562900Upward Expansion6768
2026-03-061,728.841,235.1132.508167400Upward Expansion6788
2026-02-271,887.721,207.4737.537859700Upward Expansion9799
2026-02-201,704.171,174.3929.5910276600Upward Expansion9597
2026-02-131,679.501,146.5728.3610868700Upward Expansion9792
2026-02-061,380.511,118.6111.474031800Upward Expansion7167
2026-01-301,344.991,100.1010.825399700Upward Expansion6465
2026-01-231,388.401,082.5813.555366000Upward Expansion8271
2026-01-161,365.711,063.8411.904364600Upward Expansion8469
2026-01-091,299.591,045.8210.895675300Upward Expansion7264
2026-01-021,259.141,029.6911.161647900Upward Expansion6464
2025-12-261,253.211,014.5510.023644300Upward Expansion6667
2025-12-191,261.111,000.6113.796232500Upward Expansion6886
2025-12-121,321.30986.2716.455501100Upward Expansion8394
2025-12-051,295.65970.0815.368270000Upward Expansion8594
2025-11-281,273.94953.8314.394871900Upward Expansion9094
2025-11-211,223.61937.9713.909841300Upward Expansion9080
2025-11-141,202.89923.858.3711787800Upward Expansion9375
2025-11-071,043.03909.75-5.684336600Upward Expansion6461
2025-10-311,057.83900.50-8.327446400Upward Expansion6667
2025-10-241,097.30890.980.906621700Upward Expansion8679
2025-10-171,036.12883.84-1.327124000Upward Expansion6965
2025-10-101,053.88878.88-0.7610068800Upward Expansion8270
2025-10-031,025.27872.931.3937661000Upward Expansion7967
2025-09-26982.34868.37-2.006809000Upward Expansion6464
2025-09-19976.56863.61-1.959125200Upward Expansion6667
2025-09-12986.20858.89-0.4622560000Upward Expansion6886
2025-09-051,017.05854.196.764385200Upward Expansion9197
2025-08-29978.49848.743.473768900Upward Expansion8695
2025-08-22976.56845.713.534876100Upward Expansion9497
2025-08-15952.46842.08-0.728457200Rotation Up9397
2025-08-08899.44838.51-2.834750500Rotation Up5376
2025-08-01895.58836.89-1.034127000Rotation Up4766
2025-07-25869.55836.34-5.594814100Balance3547
2025-07-18840.63836.53-5.264208100Balance-411
2025-07-11825.21836.90-6.655814400Balance-2111
2025-07-04819.42838.32-8.106268300Balance-3214
2025-06-27826.17838.83-8.444871900Balance-2212
2025-06-20825.21839.06-4.755486900Downward Expansion-3114
2025-06-13815.57839.85-4.655836300Downward Expansion-3215
2025-06-06804.96840.84-5.8711971200Downward Expansion-3521
2025-05-30834.85842.59-3.256299300Downward Expansion-2720
2025-05-23830.99843.25-1.804215500Downward Expansion-3419
2025-05-16835.81844.25-2.905094400Downward Expansion-4024
2025-05-09807.85845.73-5.672591100Downward Expansion-5746
2025-05-02798.21848.51-5.333186500Downward Expansion-5970
2025-04-25800.14851.27-2.343794500Downward Expansion-5972
2025-04-18779.90853.99-2.353751900Downward Expansion-6673
2025-04-11765.44856.60-1.129955500Rotation Down-7266
2025-04-04772.18858.86-1.028715000Rotation Down-6639
2025-03-28883.05861.232.865708300Balance5548
2025-03-21887.55860.591.943985000Balance5743
2025-03-14875.31859.662.329579300Balance910
2025-03-07888.49859.404.4010751800Balance-1210
2025-02-28839.54857.68-1.974245700Balance-5444
2025-02-21834.84858.33-6.655546300Balance-5735
2025-02-14845.19861.15-6.666477100Balance-4016
2025-02-07853.66865.13-5.073870300Balance-2110
2025-01-31887.55869.45-3.403270300Balance66
2025-01-24867.78873.39-6.494051200Balance-105
2025-01-17845.19877.39-5.543105100Balance-3818
2025-01-10850.84880.18-6.784908500Balance-3119
2025-01-03879.07883.14-5.46938000Balance-1118
2024-12-27875.31885.97-6.903294400Downward Expansion-2514
2024-12-20851.78887.93-5.783878100Downward Expansion-5232
2024-12-13867.78890.23-5.935133700Downward Expansion-5637
2024-12-06834.84892.32-8.643944000Downward Expansion-6665
2024-11-29832.96895.76-6.863566300Downward Expansion-6964
2024-11-22848.96899.11-5.372848000Downward Expansion-5957
2024-11-15845.19902.47-6.765118300Downward Expansion-6256
2024-11-08857.43905.42-7.593768600Downward Expansion-5334
2024-11-01854.60909.97-4.623906800Downward Expansion-5225
2024-10-25861.19913.48-3.713050800Downward Expansion-3718
2024-10-18880.02915.31-4.573151100Downward Expansion-3119
2024-10-11891.31916.63-5.084393200Downward Expansion-3520
2024-10-04880.96916.40-4.044000200Downward Expansion-4025
2024-09-27881.90917.30-7.055723000Downward Expansion-4532
2024-09-20858.08918.92-4.814378400Downward Expansion-5841
2024-09-13833.27922.95-4.935595300Downward Expansion-6750
2024-09-06843.38926.49-3.427014000Downward Expansion-6553
2024-08-30863.59927.59-6.995587200Downward Expansion-6267
2024-08-23859.92927.18-6.886536700Rotation Down-6471
2024-08-16867.27926.29-5.4310401400Rotation Down-3447
2024-08-09836.95924.94-0.919148900Balance-3839
2024-08-02859.00923.97-0.966785300Balance-3226
2024-07-26919.63921.790.994153400Upward Expansion3424
2024-07-19964.65916.39-0.402617400Upward Expansion5760
2024-07-12983.02909.27-1.284503400Upward Expansion6057
2024-07-051,005.99900.951.745230800Upward Expansion7155
2024-06-28987.62892.063.295557300Deceleration6640
2024-06-21928.82885.11-0.223754100Deceleration3523
2024-06-14939.84880.300.444095400Deceleration4628
2024-06-07963.73875.453.483790300Deceleration5130
2024-05-31934.33870.050.984609800Deceleration3421
2024-05-24920.55865.24-0.963506200Deceleration3522
2024-05-17930.66861.51-0.175816800Deceleration4028
2024-05-10938.01856.942.164879000Upward Expansion5235
2024-05-03933.41852.821.762366200Upward Expansion5947
2024-04-26949.95848.554.514229900Upward Expansion6355
2024-04-19933.41844.505.275824200Upward Expansion6356
2024-04-12994.05841.535.325424700Upward Expansion8568
2024-04-05960.06835.913.269359900Upward Expansion7755
2024-03-29915.96830.78-4.865543800Upward Expansion5041
2024-03-22919.63827.15-5.837408900Upward Expansion6453
2024-03-15884.50821.37-4.499017800Upward Expansion6461
2024-03-08907.92817.00-4.5310980300Upward Expansion6787
2024-03-01930.44814.72-2.957592000Upward Expansion6888
2024-02-23979.08810.644.055248200Upward Expansion9598
2024-02-16939.45804.551.3311970100Upward Expansion9595
2024-02-09876.40799.20-1.457509000Rotation Up8585
2024-02-02851.18795.36-1.955603200Rotation Up5065
2024-01-26833.16792.86-2.565282100Rotation Up3439
2024-01-19826.86790.55-3.546132800Downward Expansion1926
2024-01-12807.94788.68-4.436252500Downward Expansion-1513
2024-01-05793.53787.060.353472600Downward Expansion-4631
2023-12-29757.50785.52-4.084483500Rotation Down-6063
2023-12-22751.20786.31-3.798033100Rotation Down-3455
2023-12-15733.18784.97-5.269123600Rotation Down-4759
2023-12-08739.49784.23-2.179588900Deceleration-3844
2023-12-01779.12782.220.026268500Deceleration19
2023-11-24784.52778.470.606578100Deceleration58
2023-11-17794.43774.352.4111418000Deceleration2412
2023-11-10801.64769.947.077018300Deceleration2715
2023-11-03789.93765.308.105277700Deceleration2915
2023-10-27808.84761.7614.586420200Deceleration3517
2023-10-20793.53757.6712.085867600Upward Expansion3923
Price vs TrendAbove+7.4%
Trend directionRising+16.2%
Price vs current Fair ValuePremium+98.2%
Fair Value directionMoving away-20.4%
Relative Strength vs benchmarkLeading+11.8%
Relative strength directionWeakening-13.1%
Price momentumPositive+32.3%
Volume balanceSupply-led0.50ร—
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

26 / ยฑ100

-17.9 points since 2026-09-11

Energy

15 /100

-19.8 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
Balance55
Rotation Up21
Upward Expansion51
Deceleration93
Rotation Down30
Downward Expansion19

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 13%Rotation Up 4%Upward Expansion 46%Deceleration 13%Rotation Down 5%Downward Expansion 20%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Deceleration2026-09-252026-10-09New-1.1%
Upward Expansion2026-08-212026-09-18Developing-8.3%
Deceleration2026-07-312026-08-14New+29.0%
Upward Expansion2025-08-222026-07-24Extended+123.0%
Rotation Up2025-08-012025-08-15New+6.4%
Balance2025-06-272025-07-25Developing+5.3%
Downward Expansion2025-04-182025-06-20Developing+5.8%
Rotation Down2025-04-042025-04-11New-0.9%
Balance2025-01-032025-03-28Established+0.5%
Downward Expansion2024-08-302024-12-27Established+1.4%
Rotation Down2024-08-162024-08-23New-0.8%
Balance2024-08-022024-08-09New-2.6%
Upward Expansion2024-07-052024-07-26New-8.6%
Deceleration2024-05-172024-06-28Developing+6.1%
Classic Stage Analysis comparison
Stage 1 ยท Basing1
Stage 2 ยท Advancing100
Stage 3 ยท Distribution73
Stage 4 ยท Declining0

Legacy result: Stage 2 ยท Stage 2B ยท Advancing. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^N225

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
70/100
Current Relative Strength
11.81
Relative Strength direction
Weakening
Price momentum
+32.3%
Excess performance vs benchmark
+11.0%
Consumer Cyclical regime cohort
56th percentile161 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume1.75ร—

Latest completed volume relative to typical participation.

Up/down volume0.50ร—

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 3

Recent participation evidence classified by demand and supply.

Activity alignment+75.0%

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.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity JPY 2,366.70falling
Slow Activity JPY 2,338.28rising
Trend Reference JPY 2,211.77+7.4% close margin
Current Fair Value JPY 1,198.57+98.2% close margin
Structural low JPY 1,766.00shock / repair context
What changes the read?

Renewed positive order and expanding width produce re-acceleration; fast/slow failure with downside acceptance produces Rotation Down.

Range context +9.1%
Annualized volatility +51.9%
From structural high -14.2%
From structural low +133.3%
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 ^N225 Regime survived Read
Near term15+4.6%-4.2% to +35.1%+73.3%+73.3%+3.6%+40.0%Usable descriptive sample
Intermediate8+18.1%-8.3% to +38.2%+62.5%+62.5%+4.5%+12.5%Usable descriptive sample
Extended5+12.6%-9.2% to +53.3%+80.0%+80.0%+12.5%+20.0%Usable descriptive sample
Full cycle3+33.6%+4.6% to +68.6%+100.0%+100.0%+38.7%+0.0%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