Weekly structural research · STO · Industrials

TREL-B Stage Analysis

Trelleborg AB (publ)

Week ending 25 Sep 2026Close SEK 465.00Tenure EstablishedBenchmark ^OMX

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Upward Expansion · Established 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 84−100 bearish to +100 bullish

Energy 77/100directional strength

Maturity 44/100lifecycle context

Confidence 77/100evidence agreement

Trend gate Upstructural direction

Activity structure Wideexpanding separation

Price acceptance +83.3%position within the Activity structure

Fair Value context +27.2%SEK 365.63 · 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
2026-09-25	465.00	403.89	9.29	1754733	Upward Expansion	84	77
2026-09-18	448.80	401.31	6.65	2831418	Upward Expansion	68	68
2026-09-11	452.00	399.43	7.70	1700889	Upward Expansion	78	76
2026-09-04	451.40	397.23	6.60	1861504	Upward Expansion	83	85
2026-08-28	443.00	394.81	3.13	1265483	Upward Expansion	80	89
2026-08-21	429.80	391.79	1.19	388936	Upward Expansion	67	84
2026-08-14	434.40	389.84	2.81	115583	Upward Expansion	74	85
2026-08-07	441.00	388.02	3.21	228551	Upward Expansion	87	84
2026-07-31	422.60	386.04	0.91	266864	Upward Expansion	67	56
2026-07-24	419.00	384.66	1.48	258871	Upward Expansion	65	56
2026-07-17	417.00	383.36	2.60	280789	Upward Expansion	63	51
2026-07-10	411.00	382.00	0.06	144250	Upward Expansion	62	61
2026-07-03	419.60	381.15	-0.23	284776	Upward Expansion	68	68
2026-06-26	413.60	380.20	1.08	219572	Upward Expansion	64	71
2026-06-19	420.20	379.37	1.73	1214050	Upward Expansion	73	75
2026-06-12	407.20	377.59	0.55	246875	Upward Expansion	64	67
2026-06-05	416.00	376.65	2.54	316934	Rotation Up	73	66
2026-05-29	403.40	375.47	-1.31	2119942	Rotation Up	39	44
2026-05-22	399.60	375.01	-2.62	1461386	Rotation Up	29	35
2026-05-15	381.60	374.63	-3.79	1253130	Rotation Up	18	34
2026-05-08	390.60	373.75	-2.91	1353929	Rotation Up	25	33
2026-05-01	374.80	372.23	-6.58	844121	Balance	5	24
2026-04-24	392.60	371.43	-3.57	1731028	Balance	15	23
2026-04-17	389.69	369.82	-6.77	1902046	Downward Expansion	-14	9
2026-04-10	368.92	369.05	-9.76	1300748	Downward Expansion	-55	57
2026-04-03	342.47	368.98	-12.31	1650005	Downward Expansion	-62	75
2026-03-27	332.77	369.64	-12.11	2738960	Balance	-70	78
2026-03-20	324.44	370.50	-14.69	2611992	Balance	-52	66
2026-03-13	346.49	371.49	-13.94	1355154	Balance	-28	31
2026-03-06	357.65	371.43	-12.14	1954789	Balance	12	11
2026-02-27	387.73	370.96	-10.58	1402350	Deceleration	54	39
2026-02-20	392.23	369.35	-8.68	1323206	Deceleration	47	22
2026-02-13	386.16	368.12	-8.69	1553187	Deceleration	28	16
2026-02-06	378.62	366.94	-10.82	2516395	Deceleration	16	16
2026-01-30	352.66	366.48	-14.71	2660524	Deceleration	-10	16
2026-01-23	371.17	366.58	-10.27	1531213	Deceleration	28	14
2026-01-16	379.79	366.01	-9.25	1996999	Deceleration	37	20
2026-01-09	381.56	364.62	-7.14	1186258	Deceleration	39	21
2026-01-02	381.36	363.14	-4.44	502280	Upward Expansion	41	25
2025-12-26	379.99	361.94	-3.87	375249	Upward Expansion	53	35
2025-12-19	376.07	360.74	-4.77	2441708	Upward Expansion	55	38
2025-12-12	385.57	359.54	-1.86	1258326	Upward Expansion	58	40
2025-12-05	391.06	358.46	-0.80	1451974	Upward Expansion	68	45
2025-11-28	388.71	356.66	-0.14	2323707	Upward Expansion	68	44
2025-11-21	366.96	354.61	-2.61	1071585	Upward Expansion	59	61
2025-11-14	378.91	352.94	-1.54	1147748	Upward Expansion	61	73
2025-11-07	380.67	350.33	-0.20	1514220	Upward Expansion	64	74
2025-10-31	389.39	347.57	0.84	1137324	Balance	76	73
2025-10-24	388.41	345.45	-0.02	2074008	Balance	68	34
2025-10-17	355.01	344.75	-5.67	1101114	Balance	27	18
2025-10-10	345.02	345.67	-8.58	1432768	Balance	22	14
2025-10-03	350.70	347.18	-7.91	2240282	Balance	36	18
2025-09-26	344.33	348.92	-6.84	1929417	Rotation Up	43	36
2025-09-19	366.57	350.77	-1.10	1658179	Rotation Up	32	47
2025-09-12	367.06	352.12	-0.69	1184763	Balance	32	44
2025-09-05	362.26	353.43	-1.78	1739245	Balance	25	27
2025-08-29	358.53	354.62	-2.86	2016610	Balance	2	4
2025-08-22	354.13	356.03	-6.47	1408194	Downward Expansion	-25	15
2025-08-15	344.62	357.26	-7.50	829364	Downward Expansion	-33	19
2025-08-08	343.64	358.64	-6.62	1254448	Downward Expansion	-29	16
2025-08-01	339.24	359.59	-5.49	1090402	Downward Expansion	-18	11
2025-07-25	355.60	360.39	-3.83	1297987	Downward Expansion	-4	26
2025-07-18	350.70	360.68	-3.06	2040252	Downward Expansion	-6	19
2025-07-11	364.61	361.09	0.71	976373	Downward Expansion	7	18
2025-07-04	355.69	361.46	-0.57	1295570	Downward Expansion	-12	11
2025-06-27	354.22	362.38	-0.97	1356991	Downward Expansion	-20	11
2025-06-20	337.96	362.07	-3.40	1496204	Downward Expansion	-39	22
2025-06-13	337.08	362.15	-4.34	1605183	Downward Expansion	-37	20
2025-06-06	345.51	362.38	-4.53	1252051	Downward Expansion	-33	25
2025-05-30	344.04	362.70	-4.17	1892066	Downward Expansion	-34	26
2025-05-23	340.02	362.53	-4.82	1640851	Downward Expansion	-39	25
2025-05-16	353.15	362.85	-3.85	2232522	Downward Expansion	-45	34
2025-05-09	337.08	362.78	-4.84	1907636	Downward Expansion	-63	59
2025-05-02	327.09	363.24	-8.31	1516981	Rotation Down	-66	85
2025-04-25	316.90	364.45	-10.06	1986288	Rotation Down	-40	78
2025-04-18	300.53	366.74	-12.29	1294479	Rotation Down	-58	84
2025-04-11	297.95	369.49	-10.23	3810324	Rotation Down	-54	73
2025-04-04	325.80	371.96	-2.40	2630669	Rotation Down	-46	44
2025-03-28	367.34	373.20	-1.03	1445927	Deceleration	11	17
2025-03-21	382.85	373.72	-0.23	2901367	Upward Expansion	40	26
2025-03-14	390.31	373.57	-0.33	2014710	Upward Expansion	57	42
2025-03-07	402.94	372.85	1.10	2386341	Upward Expansion	63	60
2025-02-28	399.69	371.47	0.47	2096697	Upward Expansion	64	66
2025-02-21	407.16	370.01	2.37	1697662	Upward Expansion	72	79
2025-02-14	406.39	368.99	2.52	1557915	Upward Expansion	76	81
2025-02-07	397.78	368.11	3.38	1546333	Rotation Up	70	76
2025-01-31	401.03	368.00	3.22	2167742	Rotation Up	49	64
2025-01-24	390.89	368.23	0.92	1792343	Rotation Up	42	50
2025-01-17	385.91	368.35	1.89	1632968	Balance	30	32
2025-01-10	372.32	368.72	2.22	1535057	Balance	-1	8
2025-01-03	363.13	369.18	0.37	722201	Balance	-9	14
2024-12-27	364.28	370.41	1.67	523070	Balance	-8	20
2024-12-20	362.94	371.32	2.12	2580059	Downward Expansion	-21	21
2024-12-13	375.95	372.61	2.58	1984101	Downward Expansion	-13	14
2024-12-06	383.04	373.31	2.39	2639611	Downward Expansion	-17	13
2024-11-29	345.14	373.63	-3.88	3225587	Downward Expansion	-57	40
2024-11-22	340.16	374.75	-5.28	2509563	Downward Expansion	-66	51
2024-11-15	343.99	375.81	-4.05	2231118	Downward Expansion	-64	58
2024-11-08	355.09	376.13	-2.81	1901928	Downward Expansion	-61	66
2024-11-01	339.20	376.15	-7.00	2310249	Downward Expansion	-72	75
2024-10-25	349.35	376.86	-5.46	3096832	Downward Expansion	-63	67
2024-10-18	351.07	377.22	-4.94	1826552	Balance	-62	56
2024-10-11	350.88	378.05	-4.59	1459675	Balance	-62	35
2024-10-04	363.51	378.85	-1.52	2517227	Balance	-13	7
2024-09-27	385.72	378.80	3.34	1592694	Balance	7	5
2024-09-20	383.04	377.94	5.41	1355765	Balance	1	4
2024-09-13	371.93	376.88	5.00	1009950	Balance	-8	7
2024-09-06	362.94	375.94	4.68	1390963	Deceleration	-20	12
2024-08-30	383.04	374.51	5.98	1604638	Deceleration	-9	11
2024-08-23	378.25	371.94	6.58	960021	Deceleration	-17	25
2024-08-16	368.87	369.36	5.44	1394737	Deceleration	-19	30
2024-08-09	361.60	366.85	6.90	1721362	Deceleration	-7	26
2024-08-02	355.85	365.34	5.28	1769280	Deceleration	-11	21
2024-07-26	376.34	363.99	6.92	1874045	Deceleration	30	16
2024-07-19	379.97	362.03	8.75	2881047	Upward Expansion	42	28
2024-07-12	394.71	359.96	10.93	2893301	Upward Expansion	59	44
2024-07-05	407.73	357.39	18.63	1764358	Upward Expansion	72	51
2024-06-28	394.71	354.07	15.14	3033587	Upward Expansion	61	48
2024-06-21	396.82	351.20	16.35	2121055	Upward Expansion	65	53
2024-06-14	386.29	348.03	14.49	2879637	Upward Expansion	63	57
2024-06-07	399.88	345.03	16.29	2587865	Upward Expansion	71	78
2024-05-31	391.46	340.89	15.27	13530521	Upward Expansion	67	85
2024-05-24	401.80	336.94	18.01	2917504	Upward Expansion	81	92
2024-05-17	397.01	332.07	18.30	1984608	Upward Expansion	83	90
2024-05-10	392.42	327.13	16.58	1459515	Upward Expansion	82	67
2024-05-03	379.02	322.84	17.19	1488175	Deceleration	73	53
2024-04-26	371.74	318.92	14.86	3809523	Deceleration	59	43
2024-04-19	353.81	315.06	12.41	1943383	Upward Expansion	47	41
2024-04-12	355.50	311.70	13.15	2334855	Upward Expansion	62	56
2024-04-05	360.58	308.63	15.31	2081736	Upward Expansion	65	65
2024-03-29	360.11	305.22	14.96	2496727	Upward Expansion	68	67
2024-03-22	376.09	301.87	19.70	2353162	Upward Expansion	80	92
2024-03-15	374.68	297.83	19.95	2590997	Upward Expansion	86	95
2024-03-08	362.08	293.81	18.78	1940944	Upward Expansion	81	93
2024-03-01	359.82	290.35	19.97	2222706	Upward Expansion	87	94
2024-02-23	351.45	286.98	19.08	1804341	Upward Expansion	87	91
2024-02-16	343.65	284.02	18.30	2857800	Deceleration	85	61
2024-02-09	320.04	280.98	13.44	2622720	Deceleration	56	32
2024-02-02	305.94	278.36	8.24	2849448	Deceleration	39	26
2024-01-26	300.76	276.15	6.74	2373261	Upward Expansion	44	34
2024-01-19	293.71	274.32	7.78	2472338	Upward Expansion	51	47
2024-01-12	316.09	272.91	13.48	3067872	Upward Expansion	65	64
2024-01-05	315.62	271.45	14.71	1512946	Upward Expansion	68	74
2023-12-29	317.50	269.98	13.02	1016078	Upward Expansion	73	84
2023-12-22	317.69	268.21	14.54	2518371	Upward Expansion	77	90
2023-12-15	317.60	266.20	14.49	3444381	Upward Expansion	82	93
2023-12-08	308.10	263.79	15.01	3572064	Upward Expansion	78	91
2023-12-01	308.85	261.67	18.93	3162338	Upward Expansion	85	94
2023-11-24	301.70	259.48	17.76	2582253	Upward Expansion	84	89
2023-11-17	296.15	257.49	17.67	3348413	Upward Expansion	85	81
2023-11-10	275.84	256.38	14.43	2085706	Balance	68	52
2023-11-03	272.92	255.90	13.00	1822988	Balance	65	37
2023-10-27	255.71	255.58	10.17	2204696	Balance	26	10
2023-10-20	248.85	256.09	5.97	1738331	Balance	-13	6
2023-10-13	263.71	255.62	6.72	2268182	Balance	54	24
2023-10-06	261.36	254.40	7.74	2207282	Balance	52	24

Price vs TrendAbove+15.1%

Trend directionRising+5.4%

Price vs current Fair ValuePremium+27.2%

Fair Value directionClosing upward+9.2%

Relative Strength vs benchmarkLeading+9.3%

Relative strength directionImproving+8.2%

Price momentumPositive+39.7%

Volume balanceDemand-led2.27×

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

84 / ±100

+4.0 points since 2026-08-28

Energy

77 /100

-12.0 points since 2026-08-28

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

TREL-B Directional State ↗ TREL-B Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance3

Rotation Up78

Upward Expansion90

Deceleration50

Rotation Down13

Downward Expansion14

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

2023-10-06 to 2026-09-25 · 156 classified observations out of 156 shown.

Balance 19%Rotation Up 6%Upward Expansion 40%Deceleration 14%Rotation Down 3%Downward Expansion 18%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2026-06-12	2026-09-25	Established	+14.2%
Rotation Up	2026-05-08	2026-06-05	Developing	+6.5%
Balance	2026-04-24	2026-05-01	New	-4.5%
Downward Expansion	2026-04-03	2026-04-17	New	+13.8%
Balance	2026-03-06	2026-03-27	New	-7.0%
Deceleration	2026-01-09	2026-02-27	Developing	+1.6%
Upward Expansion	2025-11-07	2026-01-02	Developing	+0.2%
Balance	2025-10-03	2025-10-31	Developing	+11.0%
Rotation Up	2025-09-19	2025-09-26	New	-6.1%
Balance	2025-08-29	2025-09-12	New	+2.4%
Downward Expansion	2025-05-09	2025-08-22	Established	+5.1%
Rotation Down	2025-04-04	2025-05-02	Developing	+0.4%
Deceleration	2025-03-28	2025-03-28	New	+0.0%
Upward Expansion	2025-02-14	2025-03-21	Developing	-5.8%

Classic Stage Analysis comparison

Stage 1 · Basing18

Stage 2 · Advancing100

Stage 3 · Distribution56

Stage 4 · Declining0

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

Leadership versus ^OMX

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: 91/100
Current Relative Strength: 9.29
Relative Strength direction: Improving
Price momentum: +39.7%
Excess performance vs benchmark: +24.7%
Industrials regime cohort: 73th percentile48 in cohort

Test TREL-B trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.93×

Latest completed volume relative to typical participation.

Up/down volume2.27×

Participation balance between advancing and declining observations.

Accumulation / distribution4 / 1

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+0.0%

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 TREL-B Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity SEK 454.80rising

Slow Activity SEK 423.21rising

Trend Reference SEK 403.89+15.1% close margin

Current Fair Value SEK 365.63+27.2% close margin

Structural low SEK 329.64shock / 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 +2.9%

Annualized volatility +20.0%

From structural high -0.3%

From structural low +48.6%

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 ^OMX	Regime survived	Read
Near term	31	-0.5%-23.7% to +12.2%	+48.4%	+48.4%	-0.7%	+71.0%	Usable descriptive sample
Intermediate	11	+0.8%-13.1% to +16.0%	+54.5%	+54.5%	+2.4%	+36.4%	Usable descriptive sample
Extended	8	+6.8%-15.2% to +29.2%	+62.5%	+62.5%	+1.8%	+62.5%	Usable descriptive sample
Full cycle	4	+9.3%-5.0% to +43.4%	+75.0%	+75.0%	+15.2%	+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.

TREL-B 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