Weekly structural research · CPH · Financial Services

DAB Stage Analysis

Danske Andelskassers Bank A/S

Week ending 2 Oct 2026Close DKK 14.20Tenure EstablishedBenchmark ^OMXC25

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: wide and expanding.

Direction -85−100 bearish to +100 bullish

Energy 92/100directional strength

Maturity 48/100lifecycle context

Confidence 82/100evidence agreement

Trend gate Downstructural direction

Activity structure Wideexpanding separation

Price acceptance -100.0%position within the Activity structure

Fair Value context +3.5%DKK 13.73 · 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.
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
2026-10-02	14.20	16.29	-16.48	58309	Downward Expansion	-85	92
2026-09-25	14.25	16.43	-17.14	181296	Downward Expansion	-90	86
2026-09-18	14.90	16.56	-15.13	50486	Downward Expansion	-83	68
2026-09-11	15.40	16.68	-12.20	63591	Downward Expansion	-71	52
2026-09-04	15.65	16.79	-13.07	34824	Downward Expansion	-64	58
2026-08-28	15.60	16.89	-13.97	13228	Downward Expansion	-68	76
2026-08-21	15.90	17.01	-11.67	3572	Downward Expansion	-64	74
2026-08-14	15.65	17.11	-12.74	15701	Downward Expansion	-67	78
2026-08-07	15.30	17.24	-12.35	3599	Downward Expansion	-80	77
2026-07-31	15.95	17.38	-8.46	9863	Downward Expansion	-64	56
2026-07-24	15.90	17.48	-8.27	31319	Downward Expansion	-66	51
2026-07-17	16.40	17.56	-8.82	7174	Downward Expansion	-54	31
2026-07-10	16.70	17.60	-5.60	4778	Downward Expansion	-36	20
2026-07-03	16.45	17.60	-8.06	663	Downward Expansion	-45	22
2026-06-26	16.85	17.58	-0.72	6370	Downward Expansion	-37	20
2026-06-19	17.10	17.52	4.33	11929	Downward Expansion	-39	24
2026-06-12	16.90	17.50	1.86	7891	Downward Expansion	-51	31
2026-06-05	16.25	17.50	-0.90	40389	Downward Expansion	-58	34
2026-05-29	16.25	17.50	-2.24	72705	Downward Expansion	-62	43
2026-05-22	16.95	17.49	2.11	86869	Deceleration	-26	23
2026-05-15	17.15	17.42	4.66	77296	Deceleration	-27	25
2026-05-08	15.85	17.34	-1.72	85041	Deceleration	-46	34
2026-05-01	16.95	17.29	4.83	57180	Deceleration	-20	18
2026-04-24	17.00	17.22	6.70	91325	Rotation Down	-18	22
2026-04-17	17.46	17.14	6.59	90318	Rotation Down	-19	38
2026-04-10	17.12	17.05	6.58	85997	Deceleration	-19	36
2026-04-03	17.07	16.97	9.30	68126	Deceleration	1	22
2026-03-27	15.69	16.89	5.23	117391	Deceleration	-18	25
2026-03-20	17.95	16.85	21.75	78688	Deceleration	29	19
2026-03-13	18.05	16.74	19.91	97945	Deceleration	32	20
2026-03-06	18.19	16.63	19.84	58530	Deceleration	36	23
2026-02-27	18.24	16.51	18.30	68341	Deceleration	40	29
2026-02-20	18.44	16.38	14.74	98738	Deceleration	44	36
2026-02-13	18.64	16.25	17.13	79124	Upward Expansion	48	41
2026-02-06	18.88	16.12	16.89	87844	Upward Expansion	61	53
2026-01-30	19.08	15.96	15.43	105217	Upward Expansion	64	61
2026-01-23	18.78	15.78	13.49	217048	Upward Expansion	66	74
2026-01-16	19.62	15.62	17.77	197089	Upward Expansion	77	87
2026-01-09	19.42	15.44	19.39	252461	Upward Expansion	81	88
2026-01-02	19.13	15.27	23.19	120559	Upward Expansion	84	86
2025-12-26	18.15	15.11	18.11	69407	Upward Expansion	82	73
2025-12-19	17.66	14.99	16.72	135086	Upward Expansion	80	51
2025-12-12	16.67	14.88	10.35	63422	Upward Expansion	70	44
2025-12-05	15.99	14.81	8.74	71473	Upward Expansion	59	44
2025-11-28	15.01	14.74	4.00	157620	Upward Expansion	60	64
2025-11-21	16.63	14.70	19.22	56347	Upward Expansion	75	87
2025-11-14	16.87	14.60	20.27	69531	Upward Expansion	87	88
2025-11-07	16.18	14.49	18.85	82398	Upward Expansion	83	79
2025-10-31	16.04	14.40	18.33	358766	Upward Expansion	81	61
2025-10-24	14.61	14.30	7.47	37506	Upward Expansion	47	24
2025-10-17	14.71	14.28	9.05	83854	Upward Expansion	49	26
2025-10-10	14.61	14.26	8.78	67168	Upward Expansion	47	26
2025-10-03	14.86	14.24	11.69	45972	Upward Expansion	58	32
2025-09-26	14.57	14.22	14.41	59316	Upward Expansion	49	27
2025-09-19	14.71	14.19	13.67	51617	Upward Expansion	55	33
2025-09-12	14.61	14.15	14.37	38047	Upward Expansion	53	32
2025-09-05	14.61	14.08	14.76	46169	Upward Expansion	54	35
2025-08-29	14.71	14.03	16.33	104893	Upward Expansion	61	46
2025-08-22	14.61	13.98	13.20	113731	Upward Expansion	58	50
2025-08-15	14.61	13.92	18.22	37062	Upward Expansion	58	58
2025-08-08	14.61	13.89	17.95	75120	Upward Expansion	57	56
2025-08-01	14.42	13.89	19.68	98176	Upward Expansion	48	47
2025-07-25	14.61	13.87	11.71	41321	Upward Expansion	57	39
2025-07-18	14.61	13.83	15.97	48220	Upward Expansion	43	19
2025-07-11	14.03	13.78	12.16	77037	Upward Expansion	25	17
2025-07-04	13.83	13.75	11.73	38319	Upward Expansion	26	14
2025-06-27	13.78	13.69	12.21	51055	Upward Expansion	32	17
2025-06-20	14.22	13.63	15.08	21600	Upward Expansion	51	30
2025-06-13	14.32	13.56	11.91	43034	Upward Expansion	56	46
2025-06-06	14.47	13.49	14.09	69903	Upward Expansion	58	56
2025-05-30	14.42	13.42	17.66	49428	Upward Expansion	57	55
2025-05-23	14.47	13.35	19.41	58463	Balance	56	44
2025-05-16	14.52	13.28	20.62	131179	Balance	57	35
2025-05-09	14.03	13.21	22.04	56383	Balance	46	21
2025-05-02	13.64	13.15	17.78	56930	Balance	29	12
2025-04-25	13.64	13.09	26.58	34766	Upward Expansion	29	16
2025-04-18	13.61	13.06	28.88	29072	Upward Expansion	32	15
2025-04-11	13.48	12.99	33.77	102211	Upward Expansion	35	17
2025-04-04	12.95	12.93	29.39	84320	Upward Expansion	41	24
2025-03-28	14.15	12.89	27.08	45535	Upward Expansion	61	57
2025-03-21	14.15	12.80	24.70	75788	Upward Expansion	60	54
2025-03-14	13.96	12.71	22.82	42011	Upward Expansion	56	42
2025-03-07	14.10	12.63	22.04	175462	Deceleration	58	32
2025-02-28	13.77	12.54	17.54	415094	Deceleration	43	21
2025-02-21	13.43	12.46	16.86	88615	Deceleration	34	19
2025-02-14	12.72	12.40	13.88	68016	Deceleration	27	22
2025-02-07	13.10	12.36	17.78	75185	Upward Expansion	37	21
2025-01-31	13.00	12.30	18.81	64368	Upward Expansion	55	38
2025-01-24	12.86	12.25	18.58	101870	Upward Expansion	61	50
2025-01-17	13.72	12.20	29.22	224728	Upward Expansion	67	82
2025-01-10	14.72	12.14	36.86	142880	Upward Expansion	89	94
2025-01-03	13.67	12.02	26.36	105482	Upward Expansion	77	85
2024-12-27	13.43	11.95	25.69	61227	Upward Expansion	74	75
2024-12-20	13.29	11.89	29.30	146400	Upward Expansion	71	51
2024-12-13	13.10	11.83	21.78	384765	Deceleration	71	36
2024-12-06	11.85	11.78	9.54	34144	Deceleration	26	17
2024-11-29	12.05	11.77	11.82	32646	Upward Expansion	39	24
2024-11-22	12.19	11.76	14.04	59342	Upward Expansion	44	31
2024-11-15	12.19	11.76	15.97	37955	Upward Expansion	57	39
2024-11-08	12.43	11.74	16.08	28530	Upward Expansion	66	49
2024-11-01	12.38	11.68	12.73	41419	Upward Expansion	67	49
2024-10-25	12.14	11.62	10.32	26782	Upward Expansion	61	50
2024-10-18	12.43	11.57	12.08	66386	Upward Expansion	75	81
2024-10-11	12.24	11.50	10.14	25766	Upward Expansion	71	78
2024-10-04	12.09	11.44	10.63	88848	Upward Expansion	66	74
2024-09-27	12.72	11.38	13.95	235322	Upward Expansion	91	84
2024-09-20	11.47	11.29	1.78	23209	Upward Expansion	48	30
2024-09-13	11.62	11.24	0.46	12467	Upward Expansion	52	32
2024-09-06	11.76	11.20	6.19	33553	Deceleration	62	33
2024-08-30	11.47	11.14	2.06	54193	Deceleration	32	19
2024-08-23	11.47	11.09	3.07	49069	Deceleration	23	16
2024-08-16	11.38	11.03	2.29	14789	Deceleration	23	16
2024-08-09	11.57	10.98	5.74	62000	Deceleration	40	24
2024-08-02	11.42	10.92	4.54	24441	Deceleration	24	17
2024-07-26	11.42	10.86	3.76	40915	Deceleration	35	21
2024-07-19	11.47	10.81	5.77	38667	Deceleration	35	20
2024-07-12	11.42	10.75	2.55	21065	Deceleration	37	24
2024-07-05	11.47	10.69	4.17	33726	Deceleration	37	23
2024-06-28	11.38	10.64	4.84	48878	Deceleration	41	27
2024-06-21	11.81	10.58	8.05	81736	Deceleration	53	36
2024-06-14	11.19	10.51	2.85	42016	Deceleration	43	34
2024-06-07	11.57	10.46	4.09	38579	Upward Expansion	57	46
2024-05-31	11.62	10.40	6.48	79609	Upward Expansion	60	51
2024-05-24	11.71	10.34	8.15	69198	Upward Expansion	66	58
2024-05-17	11.57	10.26	6.54	109943	Upward Expansion	66	64
2024-05-10	11.57	10.19	9.72	44689	Upward Expansion	67	79
2024-05-03	11.71	10.12	14.05	43320	Upward Expansion	76	87
2024-04-26	12.09	10.05	17.31	135733	Upward Expansion	95	94
2024-04-19	11.51	9.96	13.18	5064779	Upward Expansion	95	93
2024-04-12	10.73	9.89	4.72	79310	Upward Expansion	78	75
2024-04-05	10.59	9.85	2.72	80377	Upward Expansion	74	74
2024-03-29	10.59	9.80	1.70	14464	Upward Expansion	80	77
2024-03-22	10.35	9.76	-0.86	96005	Upward Expansion	68	64
2024-03-15	10.49	9.73	1.74	69497	Upward Expansion	84	69
2024-03-08	10.21	9.70	-2.65	158985	Upward Expansion	72	64
2024-03-01	10.17	9.67	-1.28	128764	Upward Expansion	74	72
2024-02-23	9.98	9.65	-1.64	113388	Upward Expansion	63	68
2024-02-16	10.17	9.63	-0.35	50103	Upward Expansion	84	79
2024-02-09	9.98	9.60	-1.21	97362	Upward Expansion	73	66
2024-02-02	9.94	9.58	-0.12	194677	Upward Expansion	70	56
2024-01-26	9.84	9.56	-0.01	82579	Upward Expansion	62	43
2024-01-19	9.80	9.54	0.75	42149	Upward Expansion	58	36
2024-01-12	9.80	9.52	-2.35	97470	Upward Expansion	59	37
2024-01-05	9.80	9.51	-0.94	119670	Upward Expansion	62	38
2023-12-29	9.70	9.49	-0.47	57141	Upward Expansion	55	35
2023-12-22	9.75	9.48	0.95	58356	Upward Expansion	59	41
2023-12-15	9.75	9.47	3.31	66836	Upward Expansion	61	48
2023-12-08	9.75	9.45	4.96	152870	Upward Expansion	63	56
2023-12-01	9.75	9.44	5.48	53160	Upward Expansion	64	63
2023-11-24	9.66	9.42	5.78	122313	Upward Expansion	59	61
2023-11-17	9.75	9.41	7.08	107286	Upward Expansion	68	63
2023-11-10	9.70	9.40	10.94	173250	Upward Expansion	67	58
2023-11-03	9.66	9.38	11.20	78636	Upward Expansion	66	50
2023-10-27	9.47	9.36	11.88	40691	Upward Expansion	51	36
2023-10-20	9.56	9.36	11.88	78340	Upward Expansion	61	44
2023-10-13	9.47	9.34	5.08	56876	Upward Expansion	50	34

Price vs TrendBelow-12.9%

Trend directionFalling-6.8%

Price vs current Fair ValuePremium+3.5%

Fair Value directionMoving away-21.0%

Relative Strength vs benchmarkLagging-16.5%

Relative strength directionWeakening-8.4%

Price momentumNegative-16.8%

Volume balanceSupply-led0.17×

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

-85 / ±100

-21.6 points since 2026-09-04

Energy

92 /100

+34.1 points since 2026-09-04

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

DAB Directional State ↗ DAB Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance0

Rotation Up9

Upward Expansion22

Deceleration37

Rotation Down86

Downward Expansion100

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

2023-10-13 to 2026-10-02 · 156 classified observations out of 156 shown.

Balance 3%Upward Expansion 64%Deceleration 20%Rotation Down 1%Downward Expansion 12%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-05-29	2026-10-02	Established	-12.6%
Deceleration	2026-05-01	2026-05-22	New	+0.0%
Rotation Down	2026-04-17	2026-04-24	New	-2.6%
Deceleration	2026-02-20	2026-04-10	Developing	-7.2%
Upward Expansion	2025-05-30	2026-02-13	Extended	+29.3%
Balance	2025-05-02	2025-05-23	New	+6.1%
Upward Expansion	2025-03-14	2025-04-25	Developing	-2.3%
Deceleration	2025-02-14	2025-03-07	New	+10.9%
Upward Expansion	2024-12-20	2025-02-07	Developing	-1.4%
Deceleration	2024-12-06	2024-12-13	New	+10.5%
Upward Expansion	2024-09-13	2024-11-29	Developing	+3.7%
Deceleration	2024-06-14	2024-09-06	Established	+5.1%
Upward Expansion	2023-08-11	2024-06-07	Extended	+23.3%
Deceleration	2023-04-07	2023-08-04	Established	+3.4%

Classic Stage Analysis comparison

Stage 1 · Basing36

Stage 2 · Advancing0

Stage 3 · Distribution37

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 ^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: 99/100
Current Relative Strength: -16.48
Relative Strength direction: Weakening
Price momentum: -16.8%
Excess performance vs benchmark: -23.2%
Financial Services regime cohort: 100th percentile2 in cohort

Test DAB trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.66×

Latest completed volume relative to typical participation.

Up/down volume0.17×

Participation balance between advancing and declining observations.

Accumulation / distribution0 / 4

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+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 DAB Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity DKK 14.61falling

Slow Activity DKK 15.86falling

Trend Reference DKK 16.29-12.9% close margin

Current Fair Value DKK 13.73+3.5% close margin

Structural low DKK 13.70shock / 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 +3.9%

Annualized volatility +21.3%

From structural high -30.4%

From structural low +3.6%

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	8	+0.5%-6.3% to +6.2%	+50.0%	+37.5%	-3.3%	+87.5%	Usable descriptive sample
Intermediate	2	+2.7%-4.0% to +9.3%	+50.0%	+50.0%	-10.5%	+50.0%	Too little matched history
Extended	1	+9.1%+9.1% to +9.1%	+100.0%	+0.0%	-12.0%	+0.0%	Too little matched history
Full cycle	1	+12.2%+12.2% to +12.2%	+100.0%	+0.0%	-3.0%	+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.

DAB 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 ↗

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