Weekly structural research · CPH · Financial Services

FYNBK Stage Analysis

Fynske Bank A/S

Week ending 9 Oct 2026Close DKK 195.00Tenure NewBenchmark ^OMXC25

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Deceleration · 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: moderate and contracting.

Direction 17−100 bearish to +100 bullish

Energy 18/100directional strength

Maturity 54/100lifecycle context

Confidence 80/100evidence agreement

Trend gate Upstructural direction

Activity structure Moderatecontracting separation

Price acceptance -16.7%position within the Activity structure

Fair Value context +18.4%DKK 164.76 · 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.
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	195.00	194.67	-1.84	5551	Deceleration	17	18
2026-10-02	199.00	194.70	0.65	4290	Deceleration	39	26
2026-09-25	201.00	194.87	0.90	3887	Deceleration	42	31
2026-09-18	202.00	195.03	-0.28	5550	Rotation Up	47	38
2026-09-11	201.00	195.23	-0.36	4662	Rotation Up	59	47
2026-09-04	201.00	195.67	-2.71	160	Rotation Up	37	61
2026-08-28	205.00	196.17	-1.30	4115	Rotation Up	46	74
2026-08-21	202.00	196.67	-1.82	1388	Rotation Up	40	72
2026-08-14	206.00	197.33	0.65	431	Rotation Up	57	76
2026-08-07	202.00	198.07	1.58	809	Rotation Up	39	60
2026-07-31	202.00	198.33	2.05	727	Downward Expansion	21	32
2026-07-24	197.00	198.20	0.25	1576	Downward Expansion	3	15
2026-07-17	194.00	198.20	-4.74	1366	Downward Expansion	-24	17
2026-07-10	191.00	198.03	-4.60	532	Downward Expansion	-51	33
2026-07-03	191.50	197.73	-5.42	1012	Downward Expansion	-54	46
2026-06-26	185.00	197.38	-3.65	852	Downward Expansion	-67	50
2026-06-19	190.00	197.18	2.36	367	Downward Expansion	-52	32
2026-06-12	188.00	197.22	0.08	4397	Downward Expansion	-48	27
2026-06-05	192.00	197.18	3.42	1589	Downward Expansion	-36	20
2026-05-29	192.50	196.98	2.45	3847	Deceleration	-38	23
2026-05-22	193.50	196.57	3.26	5322	Deceleration	-15	19
2026-05-15	190.50	195.62	3.11	3055	Deceleration	-28	28
2026-05-08	190.00	194.77	4.60	825	Rotation Down	-31	32
2026-05-01	186.00	193.97	2.36	3233	Rotation Down	-32	46
2026-04-24	191.00	193.33	6.77	2667	Rotation Down	-24	46
2026-04-17	190.00	192.47	3.49	4779	Rotation Down	-26	55
2026-04-10	188.00	191.70	4.56	5348	Deceleration	-31	47
2026-04-03	190.00	191.03	8.75	8074	Deceleration	-9	28
2026-03-27	192.00	190.33	15.15	1386	Deceleration	-6	25
2026-03-20	192.00	189.63	16.78	3448	Deceleration	6	20
2026-03-13	196.00	188.90	16.77	4214	Deceleration	23	24
2026-03-06	204.00	188.20	20.57	2132	Deceleration	38	25
2026-02-27	206.00	186.90	20.02	5968	Upward Expansion	45	36
2026-02-20	208.00	185.50	16.34	7114	Upward Expansion	51	47
2026-02-13	214.00	184.20	20.97	2839	Upward Expansion	65	67
2026-02-06	216.00	182.70	20.29	5559	Upward Expansion	68	86
2026-01-30	220.00	180.83	19.79	5179	Upward Expansion	71	88
2026-01-23	222.00	178.77	20.75	8319	Upward Expansion	78	89
2026-01-16	228.00	176.70	23.33	9216	Upward Expansion	91	92
2026-01-09	210.00	174.30	16.49	12205	Upward Expansion	83	82
2026-01-02	198.00	172.57	15.24	4912	Upward Expansion	73	61
2025-12-26	197.00	171.20	15.74	2749	Upward Expansion	76	52
2025-12-19	189.00	169.90	12.80	9961	Upward Expansion	67	41
2025-12-12	182.00	168.70	8.65	3052	Upward Expansion	57	43
2025-12-05	181.00	167.70	10.92	6895	Upward Expansion	62	58
2025-11-28	179.00	166.60	11.77	7125	Upward Expansion	64	78
2025-11-21	191.00	165.33	23.56	2072	Upward Expansion	82	91
2025-11-14	187.00	163.57	20.33	4512	Upward Expansion	80	83
2025-11-07	186.00	161.97	23.24	10135	Deceleration	81	69
2025-10-31	180.00	160.52	19.92	27923	Deceleration	73	41
2025-10-24	165.00	159.12	9.54	2370	Deceleration	19	12
2025-10-17	165.00	158.69	10.35	9773	Deceleration	30	18
2025-10-10	166.00	158.17	11.49	4172	Deceleration	33	20
2025-10-03	167.00	157.44	13.25	7696	Deceleration	37	22
2025-09-26	165.00	156.73	16.88	4174	Upward Expansion	41	29
2025-09-19	167.00	156.31	16.41	2855	Upward Expansion	48	40
2025-09-12	168.00	155.63	18.44	7284	Upward Expansion	60	51
2025-09-05	169.00	154.92	19.43	2134	Upward Expansion	63	59
2025-08-29	171.00	154.21	21.58	5748	Upward Expansion	68	70
2025-08-22	170.00	153.50	18.26	6160	Upward Expansion	66	66
2025-08-15	175.00	152.72	26.92	9109	Upward Expansion	86	88
2025-08-08	165.00	151.84	19.36	5634	Upward Expansion	64	78
2025-08-01	164.00	151.20	21.83	5128	Upward Expansion	65	79
2025-07-25	169.00	150.69	15.42	4445	Upward Expansion	79	84
2025-07-18	169.00	149.82	19.64	7396	Upward Expansion	83	79
2025-07-11	160.00	149.11	14.00	10815	Upward Expansion	65	62
2025-07-04	158.00	148.86	13.53	3978	Upward Expansion	59	54
2025-06-27	160.00	148.10	15.60	5743	Upward Expansion	66	61
2025-06-20	156.00	147.30	11.76	7019	Upward Expansion	60	62
2025-06-13	158.00	146.70	8.91	8156	Upward Expansion	65	67
2025-06-06	157.00	146.03	8.89	7762	Upward Expansion	63	63
2025-05-30	158.00	145.43	13.06	4403	Balance	65	50
2025-05-23	153.00	144.86	10.37	6857	Balance	54	32
2025-05-16	152.00	144.53	9.84	7853	Balance	22	12
2025-05-09	148.00	144.12	11.38	18340	Rotation Down	-11	11
2025-05-02	141.00	143.89	4.74	1921	Rotation Down	-24	34
2025-04-25	138.00	143.88	9.53	4360	Balance	-20	29
2025-04-18	139.02	143.98	11.93	2502	Balance	-19	22
2025-04-11	142.62	144.17	19.58	11478	Balance	9	8
2025-04-04	138.00	144.28	15.58	18988	Balance	-1	5
2025-03-28	152.00	144.54	13.66	7874	Balance	53	24
2025-03-21	149.60	144.36	9.05	8627	Balance	39	19
2025-03-14	143.81	144.39	4.02	11770	Balance	26	12
2025-03-07	145.74	144.39	3.12	4465	Upward Expansion	45	21
2025-02-28	152.50	144.33	5.81	10599	Upward Expansion	57	29
2025-02-21	146.71	144.07	3.24	4557	Upward Expansion	36	20
2025-02-14	146.71	144.07	5.72	5188	Upward Expansion	47	25
2025-02-07	147.67	144.01	6.41	6683	Upward Expansion	50	28
2025-01-31	149.60	143.94	9.01	6788	Rotation Up	55	31
2025-01-24	146.71	144.01	7.36	3649	Rotation Up	23	24
2025-01-17	148.64	144.17	10.51	4130	Rotation Up	20	25
2025-01-10	145.74	144.49	6.20	4655	Rotation Up	13	25
2025-01-03	148.64	144.49	6.75	2634	Balance	21	28
2024-12-27	142.85	144.46	3.29	3524	Balance	6	16
2024-12-20	147.67	144.78	10.33	11713	Downward Expansion	-5	11
2024-12-13	152.50	145.20	8.33	18136	Downward Expansion	-10	7
2024-12-06	135.13	145.45	-4.96	3598	Downward Expansion	-69	54
2024-11-29	136.09	146.32	-4.23	1794	Downward Expansion	-68	55
2024-11-22	138.02	147.22	-2.51	2322	Downward Expansion	-64	45
2024-11-15	138.02	147.93	-1.31	1127	Downward Expansion	-65	42
2024-11-08	138.99	148.61	-2.85	1128	Downward Expansion	-66	43
2024-11-01	140.92	149.48	-4.43	3644	Downward Expansion	-60	41
2024-10-25	142.85	150.15	-3.70	3996	Downward Expansion	-60	51
2024-10-18	139.95	150.67	-6.70	2504	Downward Expansion	-68	69
2024-10-11	140.92	150.99	-6.66	1693	Downward Expansion	-66	66
2024-10-04	140.92	151.04	-5.51	11926	Downward Expansion	-67	61
2024-09-27	140.92	151.12	-7.79	7461	Downward Expansion	-69	56
2024-09-20	144.78	151.23	-6.68	3173	Downward Expansion	-48	32
2024-09-13	145.74	151.18	-8.63	4447	Downward Expansion	-41	21
2024-09-06	145.74	151.19	-4.85	1146	Downward Expansion	-43	23
2024-08-30	146.71	151.14	-5.95	669	Downward Expansion	-42	25
2024-08-23	150.57	151.15	-2.72	4412	Downward Expansion	-54	31
2024-08-16	143.81	151.03	-7.19	4522	Rotation Down	-62	50
2024-08-09	143.81	151.19	-5.90	2333	Rotation Down	-37	46
2024-08-02	144.78	151.27	-5.42	2375	Rotation Down	-37	48
2024-07-26	146.71	151.07	-5.11	2311	Rotation Down	-21	37
2024-07-19	144.78	150.86	-5.15	6183	Deceleration	-29	39
2024-07-12	145.74	150.60	-7.27	9600	Deceleration	-26	18
2024-07-05	151.53	150.24	-2.69	5506	Deceleration	5	11
2024-06-28	151.53	149.75	-1.44	3559	Deceleration	5	16
2024-06-21	158.29	149.23	2.11	5423	Deceleration	17	21
2024-06-14	145.74	148.51	-5.67	8946	Deceleration	-7	19
2024-06-07	147.67	148.21	-6.66	3948	Deceleration	13	15
2024-05-31	152.50	147.85	-2.08	1954	Deceleration	38	25
2024-05-24	160.22	147.21	3.43	599	Upward Expansion	55	43
2024-05-17	160.22	146.33	3.00	2715	Upward Expansion	58	46
2024-05-10	161.19	145.49	6.67	457	Upward Expansion	61	51
2024-05-03	163.12	144.59	10.81	10623	Upward Expansion	71	72
2024-04-26	159.26	143.62	7.67	3385	Upward Expansion	65	80
2024-04-19	158.29	142.81	8.21	6132	Upward Expansion	65	83
2024-04-12	165.05	142.00	11.90	1377	Upward Expansion	84	90
2024-04-05	161.19	141.03	8.74	5519	Upward Expansion	80	78
2024-03-29	158.29	140.22	5.85	10050	Upward Expansion	77	54
2024-03-22	149.60	139.41	-0.23	9686	Deceleration	63	32
2024-03-15	142.37	138.99	-3.82	3552	Deceleration	34	18
2024-03-08	143.30	138.80	-4.89	3209	Deceleration	39	23
2024-03-01	144.22	138.49	-2.48	4617	Upward Expansion	42	26
2024-02-23	143.30	138.25	-1.66	1653	Upward Expansion	46	32
2024-02-16	146.07	137.97	-0.22	3219	Upward Expansion	61	46
2024-02-09	144.22	137.60	-0.46	3311	Upward Expansion	64	69
2024-02-02	147.00	137.26	3.21	1791	Upward Expansion	68	78
2024-01-26	147.00	136.92	4.48	2731	Upward Expansion	71	77
2024-01-19	148.85	136.49	7.40	3390	Upward Expansion	80	78
2024-01-12	146.07	135.96	2.45	2886	Upward Expansion	77	67
2024-01-05	138.68	135.60	-1.05	7331	Balance	52	37
2023-12-29	140.53	135.63	1.91	3978	Balance	65	42
2023-12-22	136.83	135.44	0.37	3671	Balance	47	20
2023-12-15	134.98	135.50	1.47	4257	Balance	14	11
2023-12-08	136.83	135.38	4.60	3251	Balance	48	34
2023-12-01	135.90	135.19	4.49	8152	Balance	44	26
2023-11-24	136.83	135.16	6.65	2955	Balance	47	26
2023-11-17	136.83	135.16	7.06	7183	Balance	8	6
2023-11-10	136.83	135.13	11.64	7912	Balance	-22	9
2023-11-03	133.13	135.01	9.49	8673	Balance	-53	30
2023-10-27	134.05	134.98	13.20	4188	Balance	-22	18
2023-10-20	134.98	135.06	13.07	4355	Balance	-18	16

Price vs TrendAbove+0.2%

Trend directionFalling-1.8%

Price vs current Fair ValuePremium+18.4%

Fair Value directionMoving away-1.5%

Relative Strength vs benchmarkLagging-1.8%

Relative strength directionImproving+2.8%

Price momentumPositive+3.7%

Volume balanceSupply-led0.90×

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

17 / ±100

-41.8 points since 2026-09-11

Energy

18 /100

-29.1 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.

FYNBK Directional State ↗ FYNBK Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance56

Rotation Up17

Upward Expansion53

Deceleration93

Rotation Down34

Downward Expansion21

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 15%Rotation Up 7%Upward Expansion 35%Deceleration 19%Rotation Down 6%Downward Expansion 17%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Deceleration	2026-09-25	2026-10-09	New	-3.0%
Rotation Up	2026-08-07	2026-09-18	Developing	+0.0%
Downward Expansion	2026-06-05	2026-07-31	Developing	+5.2%
Deceleration	2026-05-15	2026-05-29	New	+1.0%
Rotation Down	2026-04-17	2026-05-08	New	+0.0%
Deceleration	2026-03-06	2026-04-10	Developing	-7.8%
Upward Expansion	2025-11-14	2026-02-27	Established	+10.2%
Deceleration	2025-10-03	2025-11-07	Developing	+11.4%
Upward Expansion	2025-06-06	2025-09-26	Established	+5.1%
Balance	2025-05-16	2025-05-30	New	+3.9%
Rotation Down	2025-05-02	2025-05-09	New	+5.0%
Balance	2025-03-14	2025-04-25	Developing	-4.0%
Upward Expansion	2025-02-07	2025-03-07	Developing	-1.3%
Rotation Up	2025-01-10	2025-01-31	New	+2.6%

Classic Stage Analysis comparison

Stage 1 · Basing49

Stage 2 · Advancing39

Stage 3 · Distribution66

Stage 4 · Declining61

Legacy result: Stage 3 · Stage 3A · Churning. 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: 40/100
Current Relative Strength: -1.84
Relative Strength direction: Improving
Price momentum: +3.7%
Excess performance vs benchmark: -0.2%
Financial Services regime cohort: 75th percentile4 in cohort

Test FYNBK trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume2.36×

Latest completed volume relative to typical participation.

Up/down volume0.90×

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+25.0%

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 FYNBK Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity DKK 198.60falling

Slow Activity DKK 197.09rising

Trend Reference DKK 194.67+0.2% close margin

Current Fair Value DKK 164.76+18.4% close margin

Structural low DKK 183.00shock / 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 +2.2%

Annualized volatility +11.9%

From structural high -15.9%

From structural low +19.6%

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 ^OMXC25	Regime survived	Read
Near term	11	-0.6%-6.9% to +16.8%	+36.4%	+36.4%	-1.5%	+27.3%	Usable descriptive sample
Intermediate	6	+2.3%-5.9% to +18.6%	+66.7%	+66.7%	+5.0%	+16.7%	Usable descriptive sample
Extended	5	+4.7%+0.0% to +13.8%	+80.0%	+80.0%	+1.9%	+40.0%	Usable descriptive sample
Full cycle	3	+15.0%+1.7% to +19.2%	+100.0%	+100.0%	+11.8%	+33.3%	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.

FYNBK Stage Analysis

What the Activity Line geometry says now

The upward structure remains, but its energy is decelerating.

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 upward structure remains, but its energy is decelerating.

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