Weekly structural research · ASX · Industrials

GNP Stage Analysis

GenusPlus Group Ltd

Week ending 9 Oct 2026Close AUD 9.21Tenure NewBenchmark ^AXJO

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Balance · Balance after decline

Directional pressure has compressed into balance.

Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base.

The Trend gate is mixed within the current regime.
Fast Activity versus Slow Activity: improving.
Activity structure: compressed and contracting.

Direction 6−100 bearish to +100 bullish

Energy 18/100directional strength

Maturity 31/100lifecycle context

Confidence 42/100evidence agreement

Trend gate Mixedstructural direction

Activity structure Compressedcontracting separation

Price acceptance +16.7%position within the Activity structure

Fair Value context +108.4%AUD 4.42 · 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.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-10-09	9.21	9.11	14.51	2698896	Balance	6	18
2026-10-02	9.44	9.06	18.76	2829058	Balance	10	14
2026-09-25	9.24	9.00	17.58	4735374	Rotation Down	-8	9
2026-09-18	9.42	8.95	19.85	14956395	Rotation Down	-17	22
2026-09-11	8.37	8.89	7.17	2760151	Rotation Down	-31	53
2026-09-04	8.41	8.84	5.35	685435	Deceleration	-33	49
2026-08-28	8.42	8.78	5.28	778178	Deceleration	-14	31
2026-08-21	8.91	8.75	12.70	2051731	Deceleration	1	15
2026-08-14	9.15	8.71	16.25	253675	Deceleration	9	18
2026-08-07	9.24	8.64	16.73	495792	Deceleration	9	21
2026-07-31	8.75	8.55	15.33	649225	Deceleration	9	23
2026-07-24	9.11	8.46	24.16	382067	Deceleration	32	26
2026-07-17	9.07	8.36	24.84	440338	Upward Expansion	42	29
2026-07-10	9.39	8.26	30.78	417028	Upward Expansion	59	44
2026-07-03	10.06	8.17	41.41	781996	Upward Expansion	63	55
2026-06-26	10.83	8.04	56.06	460280	Upward Expansion	80	69
2026-06-19	10.00	7.89	45.84	688988	Upward Expansion	65	57
2026-06-12	10.26	7.76	52.75	944130	Upward Expansion	74	62
2026-06-05	10.08	7.64	56.25	2826895	Upward Expansion	74	61
2026-05-29	9.50	7.52	48.39	3389870	Upward Expansion	65	67
2026-05-22	9.60	7.44	54.04	3416405	Upward Expansion	69	81
2026-05-15	9.74	7.33	59.82	2060945	Upward Expansion	77	87
2026-05-08	9.45	7.20	56.23	2184784	Upward Expansion	75	85
2026-05-01	9.50	7.09	60.53	1716396	Upward Expansion	80	81
2026-04-24	9.20	6.97	57.74	1677940	Upward Expansion	80	67
2026-04-17	8.02	6.87	37.88	2149786	Upward Expansion	59	36
2026-04-10	8.19	6.81	42.99	1390220	Upward Expansion	65	38
2026-04-03	7.53	6.71	39.74	1778945	Upward Expansion	53	32
2026-03-27	7.37	6.63	40.07	1234373	Upward Expansion	57	39
2026-03-20	7.78	6.56	51.79	1379211	Upward Expansion	62	55
2026-03-13	7.77	6.45	50.94	1515183	Upward Expansion	63	55
2026-03-06	7.71	6.35	48.58	2267346	Upward Expansion	65	44
2026-02-27	7.78	6.24	46.78	1818835	Upward Expansion	69	43
2026-02-20	7.43	6.13	44.37	1152662	Upward Expansion	64	41
2026-02-13	6.83	6.03	37.38	1610558	Upward Expansion	58	50
2026-02-06	6.80	5.94	42.19	2164171	Upward Expansion	60	66
2026-01-30	7.45	5.86	55.43	852217	Upward Expansion	71	76
2026-01-23	7.74	5.75	64.73	1787087	Upward Expansion	81	69
2026-01-16	7.05	5.62	52.38	1114461	Deceleration	69	39
2026-01-09	6.37	5.50	43.20	987640	Deceleration	38	19
2026-01-02	6.18	5.40	40.97	532209	Deceleration	36	20
2025-12-26	6.17	5.30	42.38	349653	Deceleration	38	24
2025-12-19	6.03	5.21	43.59	949227	Deceleration	42	29
2025-12-12	6.53	5.12	56.53	1255380	Deceleration	50	35
2025-12-05	6.28	5.01	54.47	704090	Upward Expansion	47	38
2025-11-28	6.50	4.90	63.15	1106664	Upward Expansion	64	51
2025-11-21	6.10	4.78	59.78	1342040	Upward Expansion	62	56
2025-11-14	6.53	4.66	69.66	1003138	Upward Expansion	65	63
2025-11-07	6.54	4.53	70.56	1812297	Upward Expansion	69	65
2025-10-31	6.93	4.40	81.97	1897065	Upward Expansion	87	72
2025-10-24	6.37	4.25	68.49	1046699	Upward Expansion	78	68
2025-10-17	5.78	4.14	56.40	1029843	Upward Expansion	67	66
2025-10-10	6.13	4.04	69.13	1319946	Upward Expansion	74	85
2025-10-03	5.93	3.92	66.04	870600	Upward Expansion	71	86
2025-09-26	6.25	3.82	81.92	1295789	Upward Expansion	88	92
2025-09-19	6.16	3.70	83.40	2454437	Upward Expansion	93	80
2025-09-12	5.22	3.59	57.42	1024221	Upward Expansion	76	69
2025-09-05	5.14	3.51	57.16	1796899	Upward Expansion	79	70
2025-08-29	5.21	3.43	60.31	1676480	Upward Expansion	89	74
2025-08-22	4.53	3.35	41.60	1379420	Upward Expansion	67	66
2025-08-15	4.78	3.29	51.68	1943644	Upward Expansion	86	75
2025-08-08	4.51	3.22	47.29	1108005	Upward Expansion	78	75
2025-08-01	4.49	3.15	50.94	1417876	Upward Expansion	83	91
2025-07-25	4.26	3.09	45.12	1473509	Upward Expansion	74	90
2025-07-18	4.22	3.03	44.12	1370790	Upward Expansion	77	91
2025-07-11	4.24	2.98	49.64	1405759	Upward Expansion	87	95
2025-07-04	4.18	2.92	49.15	1955668	Upward Expansion	92	94
2025-06-27	3.82	2.86	39.49	1207830	Upward Expansion	86	87
2025-06-20	3.56	2.81	31.74	715043	Upward Expansion	80	85
2025-06-13	3.30	2.78	22.97	605779	Upward Expansion	65	77
2025-06-06	3.41	2.76	28.68	349079	Upward Expansion	76	82
2025-05-30	3.34	2.73	28.59	1032701	Upward Expansion	75	79
2025-05-23	3.28	2.70	28.66	867418	Upward Expansion	72	72
2025-05-16	3.17	2.66	25.92	1646031	Balance	67	61
2025-05-09	2.97	2.64	20.76	1968212	Balance	54	37
2025-05-02	2.93	2.63	20.08	1192610	Balance	42	17
2025-04-25	2.68	2.61	14.07	1287670	Balance	11	14
2025-04-18	2.58	2.60	12.61	814923	Balance	7	10
2025-04-11	2.55	2.59	14.44	1575795	Upward Expansion	17	8
2025-04-04	2.63	2.58	18.41	1178301	Upward Expansion	28	14
2025-03-28	2.84	2.57	23.78	765352	Upward Expansion	43	22
2025-03-21	2.90	2.55	28.87	1257078	Upward Expansion	51	27
2025-03-14	2.52	2.53	14.95	1637064	Upward Expansion	30	21
2025-03-07	2.77	2.52	24.79	722732	Upward Expansion	59	48
2025-02-28	2.89	2.50	28.40	2397971	Upward Expansion	68	61
2025-02-21	2.88	2.48	27.17	793884	Upward Expansion	72	64
2025-02-14	2.84	2.46	23.05	466545	Upward Expansion	72	61
2025-02-07	2.73	2.43	20.25	1064938	Upward Expansion	62	50
2025-01-31	2.66	2.41	18.12	529474	Upward Expansion	57	48
2025-01-24	2.73	2.39	24.20	1774824	Upward Expansion	64	51
2025-01-17	2.61	2.36	21.55	666476	Upward Expansion	53	40
2025-01-10	2.64	2.34	24.43	1633226	Upward Expansion	57	34
2025-01-03	2.52	2.31	20.74	158446	Upward Expansion	45	25
2024-12-27	2.64	2.29	27.49	973355	Upward Expansion	59	29
2024-12-20	2.48	2.26	24.03	980030	Upward Expansion	36	18
2024-12-13	2.44	2.24	20.05	539404	Upward Expansion	50	30
2024-12-06	2.46	2.22	20.48	890461	Upward Expansion	55	39
2024-11-29	2.50	2.20	23.45	1504945	Upward Expansion	57	46
2024-11-22	2.63	2.17	31.88	1873543	Upward Expansion	71	48
2024-11-15	2.59	2.15	33.24	606805	Upward Expansion	69	41
2024-11-08	2.51	2.13	30.71	1453591	Upward Expansion	66	42
2024-11-01	2.33	2.10	25.59	768815	Upward Expansion	58	43
2024-10-25	2.30	2.08	23.91	3128096	Upward Expansion	63	54
2024-10-18	2.59	2.06	39.59	1262729	Upward Expansion	77	84
2024-10-11	2.57	2.03	41.48	1453553	Upward Expansion	81	78
2024-10-04	2.46	2.00	38.30	914465	Upward Expansion	77	56
2024-09-27	2.38	1.96	34.75	1217480	Upward Expansion	71	48
2024-09-20	2.25	1.93	28.55	2760803	Upward Expansion	48	37
2024-09-13	2.23	1.90	30.49	585182	Upward Expansion	58	44
2024-09-06	2.22	1.87	32.79	1085745	Upward Expansion	62	53
2024-08-30	2.30	1.84	37.63	1134016	Upward Expansion	69	62
2024-08-23	2.24	1.81	36.87	438703	Upward Expansion	66	63
2024-08-16	2.31	1.78	43.75	824648	Upward Expansion	78	81
2024-08-09	2.27	1.75	46.62	851156	Upward Expansion	79	86
2024-08-02	2.24	1.72	43.60	1200765	Upward Expansion	84	92
2024-07-26	2.12	1.69	38.15	553735	Upward Expansion	74	83
2024-07-19	2.13	1.66	39.46	2317080	Upward Expansion	81	85
2024-07-12	2.10	1.63	39.27	2851610	Upward Expansion	83	70
2024-07-05	1.90	1.60	29.94	325842	Upward Expansion	61	45
2024-06-28	1.97	1.58	36.78	760179	Upward Expansion	73	50
2024-06-21	1.83	1.55	27.49	250134	Upward Expansion	57	44
2024-06-14	1.84	1.53	30.52	606566	Upward Expansion	58	44
2024-06-07	1.84	1.50	29.66	751189	Upward Expansion	52	45
2024-05-31	1.86	1.48	35.81	531308	Upward Expansion	66	49
2024-05-24	1.79	1.45	31.17	1010137	Upward Expansion	61	51
2024-05-17	1.86	1.43	36.56	390006	Upward Expansion	70	61
2024-05-10	1.76	1.41	32.07	612993	Upward Expansion	67	65
2024-05-03	1.86	1.39	43.62	1072482	Upward Expansion	72	69
2024-04-26	1.85	1.36	45.44	151852	Upward Expansion	74	78
2024-04-19	1.87	1.34	49.62	698286	Upward Expansion	85	93
2024-04-12	1.87	1.31	47.24	498047	Upward Expansion	93	96
2024-04-05	1.70	1.29	36.37	242423	Upward Expansion	84	93
2024-03-29	1.66	1.27	32.30	505884	Upward Expansion	86	94
2024-03-22	1.64	1.25	34.71	1041768	Upward Expansion	90	93
2024-03-15	1.54	1.23	29.19	1217544	Upward Expansion	85	80
2024-03-08	1.51	1.22	25.00	731860	Upward Expansion	88	77
2024-03-01	1.39	1.21	17.28	263955	Upward Expansion	69	60
2024-02-23	1.38	1.20	19.13	1031746	Upward Expansion	69	57
2024-02-16	1.36	1.19	18.12	70946	Upward Expansion	68	56
2024-02-09	1.35	1.18	18.32	301493	Upward Expansion	67	54
2024-02-02	1.37	1.18	19.61	146571	Upward Expansion	75	59
2024-01-26	1.30	1.17	16.17	88974	Upward Expansion	64	70
2024-01-19	1.32	1.16	21.74	1222260	Upward Expansion	67	85
2024-01-12	1.31	1.15	20.48	142941	Upward Expansion	69	86
2024-01-05	1.35	1.14	24.58	29573	Upward Expansion	84	89
2023-12-29	1.37	1.13	25.83	295063	Upward Expansion	93	87
2023-12-22	1.20	1.11	12.10	200857	Upward Expansion	64	65
2023-12-15	1.21	1.11	13.75	296312	Balance	67	56
2023-12-08	1.18	1.10	15.81	267748	Balance	58	31
2023-12-01	1.15	1.09	15.45	234402	Balance	38	16
2023-11-24	1.13	1.08	14.08	73825	Balance	15	13
2023-11-17	1.08	1.07	9.44	219410	Balance	4	13
2023-11-10	1.08	1.06	10.88	23012	Balance	6	10
2023-11-03	1.12	1.06	15.20	103490	Upward Expansion	36	21
2023-10-27	1.10	1.05	16.48	606124	Upward Expansion	49	29
2023-10-20	1.13	1.04	18.63	334044	Upward Expansion	52	35

Price vs TrendAbove+1.1%

Trend directionRising+6.6%

Price vs current Fair ValuePremium+108.4%

Fair Value directionMoving away-41.0%

Relative Strength vs benchmarkLeading+14.5%

Relative strength directionWeakening-16.3%

Price momentumPositive+12.5%

Volume balanceDemand-led1.24×

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

6 / ±100

+37.3 points since 2026-09-11

Energy

18 /100

-35.7 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.

GNP Directional State ↗ GNP Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance55

Rotation Up55

Upward Expansion34

Deceleration44

Rotation Down20

Downward Expansion23

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 8%Upward Expansion 81%Deceleration 8%Rotation Down 2%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Balance	2026-10-02	2026-10-09	New	-2.4%
Rotation Down	2026-09-11	2026-09-25	New	+10.5%
Deceleration	2026-07-24	2026-09-04	Developing	-7.7%
Upward Expansion	2026-01-23	2026-07-17	Established	+17.2%
Deceleration	2025-12-12	2026-01-16	Developing	+7.9%
Upward Expansion	2025-05-23	2025-12-05	Extended	+91.4%
Balance	2025-04-18	2025-05-16	Developing	+23.1%
Upward Expansion	2023-12-22	2025-04-11	Extended	+112.0%
Balance	2023-11-10	2023-12-15	Developing	+11.8%
Upward Expansion	2023-06-30	2023-11-03	Established	+3.5%
Rotation Up	2023-06-09	2023-06-23	New	+6.8%
Balance	2023-05-26	2023-06-02	New	+3.1%
Downward Expansion	2023-04-14	2023-05-19	Developing	+8.6%
Balance	2023-03-24	2023-04-07	New	-3.7%

Classic Stage Analysis comparison

Stage 1 · Basing13

Stage 2 · Advancing93

Stage 3 · Distribution78

Stage 4 · Declining7

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

Leadership versus ^AXJO

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: 25/100
Current Relative Strength: 14.51
Relative Strength direction: Weakening
Price momentum: +12.5%
Excess performance vs benchmark: +15.2%
Industrials regime cohort: 6th percentile17 in cohort

Test GNP trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.25×

Latest completed volume relative to typical participation.

Up/down volume1.24×

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 3

Recent participation evidence classified by demand and supply.

Activity alignment+50.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

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 GNP Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity AUD 9.25rising

Slow Activity AUD 9.22rising

Trend Reference AUD 9.11+1.1% close margin

Current Fair Value AUD 4.42+108.4% close margin

Structural low AUD 7.67shock / repair context

What changes the read?

Persistent fast/slow separation and fan expansion would end Balance; direction determines whether it becomes Rotation Up or Rotation Down.

Range context +6.9%

Annualized volatility +36.7%

From structural high -16.8%

From structural low +62.6%

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 ^AXJO	Regime survived	Read
Near term	8	+6.8%-6.3% to +23.1%	+62.5%	+62.5%	+4.0%	+37.5%	Usable descriptive sample
Intermediate	4	+24.9%-8.6% to +63.8%	+75.0%	+75.0%	+20.0%	+25.0%	Too little matched history
Extended	3	+63.2%+13.7% to +124.4%	+100.0%	+100.0%	+52.1%	+0.0%	Too little matched history
Full cycle	2	+127.9%+44.6% to +211.1%	+100.0%	+100.0%	+116.7%	+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.

GNP Stage Analysis

What the Activity Line geometry says now

Directional pressure has compressed into balance.

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

Directional pressure has compressed into balance.

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