Weekly structural research · NASDAQ · Financial Services

ATLO Stage Analysis

Ames National Corporation

Week ending 9 Oct 2026Close USD 31.46Tenure DevelopingBenchmark QQQ

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Upward Expansion · Re-accelerating

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: weakening.
Activity structure: moderate and contracting.

Direction 44−100 bearish to +100 bullish

Energy 31/100directional strength

Maturity 48/100lifecycle context

Confidence 57/100evidence agreement

Trend gate Upstructural direction

Activity structure Moderatecontracting separation

Price acceptance +50.0%position within the Activity structure

Fair Value context +52.2%USD 20.68 · 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	31.46	29.85	2.15	85605	Upward Expansion	44	31
2026-10-02	32.36	29.68	5.77	87212	Upward Expansion	62	45
2026-09-25	31.82	29.48	5.24	97646	Upward Expansion	60	50
2026-09-18	31.91	29.32	9.51	169373	Upward Expansion	62	56
2026-09-11	32.49	29.16	13.09	172779	Upward Expansion	70	63
2026-09-04	32.44	28.99	12.88	160097	Upward Expansion	74	66
2026-08-28	31.36	28.83	10.08	178449	Upward Expansion	63	59
2026-08-21	31.52	28.64	11.62	237940	Upward Expansion	67	62
2026-08-14	31.36	28.38	8.83	124897	Upward Expansion	67	54
2026-08-07	31.01	28.11	9.41	187299	Upward Expansion	65	42
2026-07-31	30.36	27.83	13.20	126327	Deceleration	59	36
2026-07-24	30.05	27.57	13.38	226387	Deceleration	55	32
2026-07-17	29.62	27.32	10.66	174471	Upward Expansion	53	36
2026-07-10	29.29	27.09	5.48	228438	Upward Expansion	56	41
2026-07-03	29.53	26.90	8.75	319767	Upward Expansion	61	49
2026-06-26	30.62	26.64	14.26	821200	Upward Expansion	74	72
2026-06-19	29.46	26.33	5.65	434227	Upward Expansion	62	61
2026-06-12	30.39	26.04	12.37	425098	Upward Expansion	80	69
2026-06-05	29.81	25.72	13.32	496899	Upward Expansion	76	51
2026-05-29	28.50	25.42	3.97	168628	Upward Expansion	60	41
2026-05-22	28.55	25.14	7.51	329284	Upward Expansion	55	42
2026-05-15	27.28	24.87	4.37	277663	Upward Expansion	48	41
2026-05-08	28.37	24.59	8.52	299504	Upward Expansion	63	57
2026-05-01	28.67	24.29	16.03	429910	Upward Expansion	71	65
2026-04-24	27.82	23.98	14.80	295729	Upward Expansion	65	67
2026-04-17	28.42	23.72	20.38	350166	Upward Expansion	68	71
2026-04-10	29.06	23.44	31.20	347779	Upward Expansion	81	68
2026-04-03	28.12	23.14	33.55	219879	Upward Expansion	75	61
2026-03-27	27.38	22.86	35.86	273364	Upward Expansion	70	57
2026-03-20	26.48	22.59	28.00	247917	Upward Expansion	60	55
2026-03-13	26.43	22.35	25.97	188204	Upward Expansion	64	63
2026-03-06	26.41	22.08	25.22	198227	Upward Expansion	66	66
2026-02-27	26.78	21.80	25.95	246461	Upward Expansion	68	87
2026-02-20	27.37	21.48	29.02	112471	Upward Expansion	79	92
2026-02-13	27.30	21.16	30.96	197333	Upward Expansion	87	95
2026-02-06	27.47	20.83	31.06	268196	Upward Expansion	95	95
2026-01-30	25.65	20.50	20.77	171478	Upward Expansion	92	74
2026-01-23	23.86	20.24	12.66	98563	Upward Expansion	80	64
2026-01-16	23.15	20.01	9.98	124387	Upward Expansion	73	60
2026-01-09	22.76	19.79	7.57	135494	Upward Expansion	67	62
2026-01-02	22.35	19.60	8.34	85349	Upward Expansion	67	71
2025-12-26	22.69	19.43	8.44	67891	Upward Expansion	70	81
2025-12-19	22.87	19.23	11.10	227475	Upward Expansion	80	88
2025-12-12	23.47	19.03	15.12	159834	Upward Expansion	95	94
2025-12-05	21.70	18.81	4.93	79623	Upward Expansion	83	88
2025-11-28	21.25	18.64	4.01	67719	Upward Expansion	79	86
2025-11-21	20.90	18.49	7.52	85127	Upward Expansion	73	82
2025-11-14	20.87	18.33	4.20	56682	Upward Expansion	77	80
2025-11-07	20.54	18.17	2.38	90226	Upward Expansion	73	57
2025-10-31	20.32	18.01	-1.83	139048	Deceleration	71	50
2025-10-24	20.29	17.88	-0.09	205771	Deceleration	63	43
2025-10-17	19.10	17.77	-3.82	45721	Upward Expansion	46	38
2025-10-10	19.20	17.69	-1.12	82601	Upward Expansion	61	54
2025-10-03	19.52	17.62	-1.81	74373	Upward Expansion	65	69
2025-09-26	19.88	17.56	1.12	66454	Upward Expansion	68	85
2025-09-19	20.17	17.49	2.01	153839	Upward Expansion	80	91
2025-09-12	19.97	17.40	2.98	56437	Upward Expansion	81	92
2025-09-05	19.63	17.32	2.99	56711	Upward Expansion	80	90
2025-08-29	19.46	17.24	2.86	38966	Upward Expansion	84	87
2025-08-22	19.19	17.17	0.96	42083	Upward Expansion	83	78
2025-08-15	18.38	17.09	-4.30	47581	Upward Expansion	73	62
2025-08-08	17.85	17.02	-6.94	51392	Upward Expansion	63	47
2025-08-01	17.37	16.93	-6.46	85632	Upward Expansion	53	43
2025-07-25	17.75	16.87	-6.92	65795	Upward Expansion	61	59
2025-07-18	17.36	16.80	-8.78	73677	Upward Expansion	51	48
2025-07-11	17.44	16.74	-7.68	65718	Balance	55	41
2025-07-04	17.92	16.68	-5.89	60359	Balance	67	43
2025-06-27	16.89	16.63	-10.16	120927	Balance	34	18
2025-06-20	16.56	16.60	-8.74	86430	Balance	40	21
2025-06-13	17.19	16.60	-5.63	61640	Balance	53	31
2025-06-06	17.25	16.60	-6.13	41631	Balance	47	26
2025-05-30	16.78	16.59	-7.20	32126	Balance	14	12
2025-05-23	16.60	16.56	-6.92	47752	Balance	11	13
2025-05-16	16.96	16.52	-7.56	48761	Balance	14	11
2025-05-09	16.64	16.52	-3.59	62905	Balance	-10	10
2025-05-02	16.86	16.52	-3.01	92395	Rotation Down	-10	19
2025-04-25	16.02	16.50	-5.10	47845	Rotation Down	-23	30
2025-04-18	16.02	16.54	0.50	49200	Balance	-24	30
2025-04-11	15.78	16.60	-3.53	99829	Balance	-18	25
2025-04-04	16.38	16.65	7.32	91344	Upward Expansion	16	19
2025-03-28	16.88	16.66	-0.40	39839	Upward Expansion	37	20
2025-03-21	16.68	16.69	-4.16	81677	Upward Expansion	43	29
2025-03-14	17.14	16.70	-1.61	68940	Rotation Up	60	47
2025-03-07	17.71	16.72	-1.23	57537	Rotation Up	39	57
2025-02-28	17.89	16.70	-3.57	64854	Rotation Up	47	65
2025-02-21	17.44	16.69	-9.38	47272	Rotation Up	28	53
2025-02-14	17.53	16.77	-11.20	57855	Rotation Up	29	48
2025-02-07	17.32	16.83	-9.99	72797	Downward Expansion	24	31
2025-01-31	17.28	16.89	-10.30	115588	Downward Expansion	-8	14
2025-01-24	16.75	16.91	-14.69	70460	Downward Expansion	-28	15
2025-01-17	16.43	16.98	-15.63	108019	Downward Expansion	-53	32
2025-01-10	15.19	17.04	-20.18	93017	Downward Expansion	-66	54
2025-01-03	15.60	17.15	-20.41	119002	Downward Expansion	-61	55
2024-12-27	15.56	17.24	-21.88	119833	Downward Expansion	-61	54
2024-12-20	15.50	17.35	-22.12	190492	Downward Expansion	-64	55
2024-12-13	15.74	17.46	-23.44	96417	Downward Expansion	-62	46
2024-12-06	16.21	17.58	-21.32	88048	Downward Expansion	-45	26
2024-11-29	16.02	17.68	-20.26	92301	Downward Expansion	-48	23
2024-11-22	16.61	17.77	-17.17	67241	Downward Expansion	-38	21
2024-11-15	17.14	17.81	-13.39	88796	Downward Expansion	-42	28
2024-11-08	17.05	17.82	-17.24	141766	Downward Expansion	-55	40
2024-11-01	15.82	17.83	-19.32	69363	Downward Expansion	-66	64
2024-10-25	15.56	17.90	-22.33	85641	Downward Expansion	-71	60
2024-10-18	16.91	17.99	-15.85	57420	Downward Expansion	-53	43
2024-10-11	16.49	18.04	-17.92	60913	Downward Expansion	-61	42
2024-10-04	16.48	18.11	-17.15	77171	Downward Expansion	-61	35
2024-09-27	17.24	18.12	-13.46	79244	Rotation Down	-52	30
2024-09-20	17.62	18.11	-10.86	114922	Rotation Down	-51	30
2024-09-13	17.24	18.09	-11.76	63377	Rotation Down	-28	37
2024-09-06	16.86	18.07	-8.88	58507	Rotation Down	-36	44
2024-08-30	17.69	18.05	-10.14	69403	Rotation Down	-17	37
2024-08-23	16.92	18.06	-14.92	92005	Balance	-27	31
2024-08-16	17.92	18.12	-9.33	60423	Balance	-9	14
2024-08-09	17.09	18.11	-9.10	70042	Balance	-4	6
2024-08-02	17.61	18.14	-6.30	115182	Balance	30	19
2024-07-26	19.88	18.17	2.21	74130	Balance	66	49
2024-07-19	19.29	18.14	-3.45	117312	Balance	58	32
2024-07-12	18.88	18.16	-9.39	64912	Balance	41	19
2024-07-05	18.02	18.20	-13.92	61470	Balance	23	14
2024-06-28	18.84	18.19	-7.09	132388	Upward Expansion	38	18
2024-06-21	18.39	18.13	-9.49	63080	Upward Expansion	33	16
2024-06-14	18.19	18.08	-10.45	48140	Upward Expansion	37	19
2024-06-07	18.49	18.05	-6.05	36702	Upward Expansion	53	35
2024-05-31	18.85	17.96	-1.90	39522	Upward Expansion	58	61
2024-05-24	18.72	17.86	-4.25	37594	Upward Expansion	58	64
2024-05-17	19.31	17.71	-0.07	58627	Upward Expansion	67	67
2024-05-10	19.30	17.52	1.94	95899	Deceleration	68	51
2024-05-03	18.64	17.34	-0.23	55726	Deceleration	57	24
2024-04-26	17.90	17.19	-3.46	43948	Deceleration	32	13
2024-04-19	17.36	17.08	-3.08	42786	Deceleration	16	8
2024-04-12	17.50	17.01	-8.07	49354	Deceleration	34	22
2024-04-05	17.94	16.96	-6.78	54332	Deceleration	41	33
2024-03-29	18.30	16.89	-6.26	55180	Deceleration	43	31
2024-03-22	18.13	16.81	-8.15	48055	Deceleration	39	24
2024-03-15	18.67	16.74	-3.27	114282	Deceleration	41	18
2024-03-08	16.93	16.65	-13.89	40851	Deceleration	5	16
2024-03-01	16.92	16.63	-16.23	57502	Deceleration	5	20
2024-02-23	16.89	16.63	-15.77	69921	Deceleration	6	18
2024-02-16	16.57	16.63	-17.27	104434	Deceleration	15	15
2024-02-09	16.44	16.64	-20.17	80642	Deceleration	19	17
2024-02-02	17.84	16.61	-12.83	83313	Deceleration	38	22
2024-01-26	18.89	16.54	-7.56	57290	Deceleration	49	30
2024-01-19	17.67	16.43	-13.81	27557	Upward Expansion	44	33
2024-01-12	17.77	16.36	-11.91	44355	Upward Expansion	61	51
2024-01-05	18.51	16.30	-6.34	76104	Upward Expansion	66	79
2023-12-29	19.10	16.22	-7.37	95515	Upward Expansion	67	85
2023-12-22	19.85	16.11	-4.46	110502	Upward Expansion	85	91
2023-12-15	19.98	15.97	-3.80	178203	Upward Expansion	93	90
2023-12-08	17.80	15.81	-12.10	81154	Rotation Up	80	79
2023-12-01	17.10	15.73	-15.82	94683	Rotation Up	35	51
2023-11-24	16.71	15.68	-18.33	49337	Rotation Up	30	41
2023-11-17	17.38	15.67	-15.07	150336	Rotation Up	30	37
2023-11-10	15.79	15.66	-21.88	74734	Downward Expansion	-26	16
2023-11-03	15.94	15.70	-19.54	142414	Downward Expansion	-44	40
2023-10-27	14.25	15.74	-24.23	131073	Downward Expansion	-67	84
2023-10-20	13.52	15.85	-30.62	124813	Downward Expansion	-84	93

Price vs TrendAbove+5.4%

Trend directionRising+7.3%

Price vs current Fair ValuePremium+52.2%

Fair Value directionClosing upward+1.0%

Relative Strength vs benchmarkLeading+2.1%

Relative strength directionWeakening-3.3%

Price momentumPositive+8.3%

Volume balanceDemand-led2.82×

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

44 / ±100

-25.9 points since 2026-09-11

Energy

31 /100

-31.8 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.

ATLO Directional State ↗ ATLO Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance34

Rotation Up41

Upward Expansion65

Deceleration63

Rotation Down24

Downward Expansion15

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 13%Rotation Up 6%Upward Expansion 49%Deceleration 13%Rotation Down 5%Downward Expansion 15%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2026-08-07	2026-10-09	Developing	+1.4%
Deceleration	2026-07-24	2026-07-31	New	+1.0%
Upward Expansion	2025-11-07	2026-07-17	Extended	+44.2%
Deceleration	2025-10-24	2025-10-31	New	+0.1%
Upward Expansion	2025-07-18	2025-10-17	Established	+10.0%
Balance	2025-05-09	2025-07-11	Developing	+4.8%
Rotation Down	2025-04-25	2025-05-02	New	+5.2%
Balance	2025-04-11	2025-04-18	New	+1.5%
Upward Expansion	2025-03-21	2025-04-04	New	-1.8%
Rotation Up	2025-02-14	2025-03-14	Developing	-2.2%
Downward Expansion	2024-10-04	2025-02-07	Established	+5.1%
Rotation Down	2024-08-30	2024-09-27	Developing	-2.5%
Balance	2024-07-05	2024-08-23	Developing	-6.1%
Upward Expansion	2024-05-17	2024-06-28	Developing	-2.4%

Classic Stage Analysis comparison

Stage 1 · Basing13

Stage 2 · Advancing97

Stage 3 · Distribution65

Stage 4 · Declining3

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

Leadership versus QQQ

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: 73/100
Current Relative Strength: 2.15
Relative Strength direction: Weakening
Price momentum: +8.3%
Excess performance vs benchmark: -14.7%
Financial Services regime cohort: 6th percentile107 in cohort

Test ATLO trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.35×

Latest completed volume relative to typical participation.

Up/down volume2.82×

Participation balance between advancing and declining observations.

Accumulation / distribution0 / 0

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.

Explore ATLO Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity USD 31.90falling

Slow Activity USD 30.71rising

Trend Reference USD 29.85+5.4% close margin

Current Fair Value USD 20.68+52.2% close margin

Structural low USD 27.15shock / 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 +4.6%

Annualized volatility +17.4%

From structural high -4.3%

From structural low +65.1%

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 QQQ	Regime survived	Read
Near term	27	+2.2%-14.7% to +14.8%	+66.7%	+66.7%	+3.0%	+81.5%	Usable descriptive sample
Intermediate	10	+1.7%-22.2% to +22.8%	+50.0%	+50.0%	-0.7%	+50.0%	Usable descriptive sample
Extended	7	-8.9%-18.8% to +31.3%	+42.9%	+42.9%	-4.1%	+57.1%	Usable descriptive sample
Full cycle	4	-5.6%-14.5% to +58.7%	+50.0%	+50.0%	-6.1%	+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.

ATLO Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding upward.

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

Leading 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 upward.

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 ?

Leading 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