Weekly structural research · NASDAQ · Communication Services

CNET Stage Analysis

ZW Data Action Technologies Inc

Week ending 9 Oct 2026Close USD 1.47Tenure DevelopingBenchmark QQQ

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: moderate and expanding.

Direction 53−100 bearish to +100 bullish

Energy 38/100directional strength

Maturity 38/100lifecycle context

Confidence 87/100evidence agreement

Trend gate Upstructural direction

Activity structure Moderateexpanding separation

Price acceptance +50.0%position within the Activity structure

Fair Value context -28.5%USD 2.06 · 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	1.47	1.04	10.96	106452	Upward Expansion	53	38
2026-10-02	1.60	1.01	18.58	1058066	Upward Expansion	57	40
2026-09-25	1.85	0.9845	35.01	26631830	Upward Expansion	70	40
2026-09-18	1.39	0.9501	3.36	12552	Upward Expansion	57	32
2026-09-11	1.23	0.932	-9.33	10967	Upward Expansion	53	31
2026-09-04	1.27	0.9193	-8.25	19873	Upward Expansion	55	34
2026-08-28	1.39	0.9076	-0.09	56555	Upward Expansion	57	48
2026-08-21	1.35	0.9004	-3.38	1732664	Upward Expansion	58	61
2026-08-14	1.29	0.8971	-10.67	67717	Upward Expansion	56	52
2026-08-07	1.39	0.8974	-3.11	245464	Rotation Up	63	42
2026-07-31	1.60	0.8924	16.78	4606378	Rotation Up	48	32
2026-07-24	0.793	0.8811	-41.75	5794298	Rotation Up	6	8
2026-07-17	0.9005	0.895	-35.90	21393	Rotation Up	28	24
2026-07-10	1.04	0.9063	-30.23	229601	Rotation Up	24	42
2026-07-03	1.03	0.919	-30.56	4150187	Balance	25	32
2026-06-26	0.9198	0.9352	-38.33	27980	Balance	-5	20
2026-06-19	1.00	0.9549	-36.67	96970	Balance	1	13
2026-06-12	1.04	0.9627	-33.11	11876054	Downward Expansion	-1	4
2026-06-05	0.67	0.9924	-56.25	10972	Downward Expansion	-63	45
2026-05-29	0.67	1.03	-58.75	21515	Downward Expansion	-65	45
2026-05-22	0.7202	1.08	-54.92	31716	Downward Expansion	-58	42
2026-05-15	0.7305	1.12	-54.44	60753	Downward Expansion	-47	40
2026-05-08	0.7475	1.16	-54.28	52327	Downward Expansion	-45	38
2026-05-01	0.724	1.21	-54.10	17324	Downward Expansion	-47	39
2026-04-24	0.7499	1.27	-52.59	16208	Downward Expansion	-48	42
2026-04-17	0.7483	1.32	-52.50	113544	Downward Expansion	-60	52
2026-04-10	0.7361	1.37	-51.24	24136	Downward Expansion	-64	59
2026-04-03	0.725	1.41	-50.63	44343	Downward Expansion	-66	63
2026-03-27	0.68	1.43	-52.68	43270	Downward Expansion	-72	73
2026-03-20	0.69	1.46	-54.23	33472	Downward Expansion	-75	85
2026-03-13	0.75	1.49	-51.91	58493	Downward Expansion	-71	87
2026-03-06	0.7096	1.51	-55.54	61457	Downward Expansion	-79	90
2026-02-27	0.8178	1.53	-50.07	190867	Downward Expansion	-74	88
2026-02-20	0.848	1.54	-48.98	188564	Downward Expansion	-75	86
2026-02-13	0.8454	1.57	-49.16	23300106	Downward Expansion	-78	73
2026-02-06	0.9202	1.60	-45.98	47217	Downward Expansion	-81	70
2026-01-30	1.18	1.62	-33.10	36812	Downward Expansion	-67	53
2026-01-23	1.25	1.63	-29.58	35219	Downward Expansion	-62	54
2026-01-16	1.30	1.64	-27.28	33408	Downward Expansion	-63	61
2026-01-09	1.24	1.64	-31.71	88379	Rotation Down	-65	67
2026-01-02	1.26	1.64	-29.69	94222	Rotation Down	-39	59
2025-12-26	1.21	1.64	-34.36	31751	Rotation Down	-45	59
2025-12-19	1.24	1.64	-32.68	73755	Rotation Down	-34	54
2025-12-12	1.42	1.64	-23.04	67847	Deceleration	-26	42
2025-12-05	1.52	1.65	-19.65	12140	Deceleration	-17	24
2025-11-28	1.51	1.65	-19.91	27660	Deceleration	-17	22
2025-11-21	1.23	1.65	-31.60	40664	Deceleration	-1	13
2025-11-14	1.93	1.66	2.86	7023	Deceleration	32	19
2025-11-07	1.91	1.65	1.55	31331	Deceleration	34	20
2025-10-31	1.96	1.63	0.74	44260	Upward Expansion	41	25
2025-10-24	1.98	1.62	3.36	33651	Upward Expansion	56	41
2025-10-17	1.94	1.60	3.14	72906	Upward Expansion	61	61
2025-10-10	2.27	1.59	22.73	69815	Upward Expansion	65	77
2025-10-03	2.55	1.56	34.46	142739	Upward Expansion	84	84
2025-09-26	2.26	1.52	19.99	191526	Upward Expansion	78	76
2025-09-19	2.09	1.50	8.58	643434	Upward Expansion	73	66
2025-09-12	1.95	1.48	3.01	8677042	Balance	68	47
2025-09-05	1.52	1.47	-19.24	30826	Balance	5	7
2025-08-29	1.59	1.48	-15.32	62938	Balance	-19	9
2025-08-22	1.52	1.48	-20.45	34167	Balance	-29	22
2025-08-15	1.28	1.49	-34.77	29298	Balance	-42	28
2025-08-08	1.32	1.50	-33.76	34527	Balance	-36	16
2025-08-01	1.23	1.51	-37.49	153779	Rotation Up	-27	17
2025-07-25	1.56	1.54	-24.39	135787	Rotation Up	16	24
2025-07-18	1.72	1.55	-17.67	308795	Balance	24	27
2025-07-11	1.71	1.54	-18.66	186097	Balance	-5	13
2025-07-04	1.50	1.54	-30.15	75192	Downward Expansion	-33	19
2025-06-27	1.38	1.56	-35.99	149675	Downward Expansion	-55	37
2025-06-20	1.35	1.56	-36.00	452355	Downward Expansion	-59	63
2025-06-13	1.21	1.57	-44.00	13294385	Downward Expansion	-67	70
2025-06-06	1.26	1.59	-43.26	176826	Downward Expansion	-67	67
2025-05-30	1.19	1.61	-46.51	69542	Balance	-75	56
2025-05-23	1.44	1.63	-35.46	32580	Balance	-53	24
2025-05-16	1.54	1.64	-34.12	165148	Balance	-30	16
2025-05-09	1.55	1.66	-30.04	16325	Downward Expansion	-33	17
2025-05-02	1.60	1.68	-29.18	13724	Downward Expansion	-36	19
2025-04-25	1.58	1.71	-29.01	38019	Downward Expansion	-41	26
2025-04-18	1.49	1.76	-30.44	8462	Downward Expansion	-54	34
2025-04-11	1.48	1.78	-34.11	33749	Downward Expansion	-57	37
2025-04-04	1.48	1.81	-30.76	117436	Downward Expansion	-58	39
2025-03-28	1.51	1.82	-37.77	240716	Downward Expansion	-58	45
2025-03-21	1.49	1.86	-41.34	36993	Downward Expansion	-60	46
2025-03-14	1.45	1.90	-43.78	16323	Downward Expansion	-65	49
2025-03-07	1.48	1.94	-45.02	35350	Downward Expansion	-65	48
2025-02-28	1.55	1.99	-45.48	78974	Downward Expansion	-61	46
2025-02-21	1.62	2.04	-46.06	27607	Downward Expansion	-57	43
2025-02-14	1.63	2.09	-47.90	16803	Downward Expansion	-57	38
2025-02-07	1.60	2.15	-48.60	20498	Downward Expansion	-59	37
2025-01-31	1.70	2.20	-46.23	110340	Downward Expansion	-52	33
2025-01-24	1.79	2.25	-45.15	1555257	Downward Expansion	-40	25
2025-01-17	1.63	2.29	-50.29	120940	Downward Expansion	-48	27
2025-01-10	1.66	2.36	-48.65	41917	Downward Expansion	-46	26
2025-01-03	1.92	2.41	-42.69	56560	Downward Expansion	-40	25
2024-12-27	1.93	2.46	-43.64	328921	Downward Expansion	-42	25
2024-12-20	1.63	2.51	-52.58	74375	Downward Expansion	-56	33
2024-12-13	1.69	2.56	-52.88	43331	Downward Expansion	-56	35
2024-12-06	1.83	2.61	-49.51	110023	Downward Expansion	-56	36
2024-11-29	1.60	2.66	-55.20	94799	Downward Expansion	-60	41
2024-11-22	1.66	2.72	-53.79	120991	Downward Expansion	-60	47
2024-11-15	1.64	2.79	-54.20	426905	Downward Expansion	-63	53
2024-11-08	1.82	2.87	-51.73	289343	Downward Expansion	-60	48
2024-11-01	1.80	2.94	-50.47	578454	Downward Expansion	-60	49
2024-10-25	1.84	3.02	-51.18	206563	Downward Expansion	-63	38
2024-10-18	2.21	3.10	-42.22	232615	Downward Expansion	-54	27
2024-10-11	2.02	3.14	-47.69	283503	Downward Expansion	-63	32
2024-10-04	2.46	3.20	-36.46	3256368	Downward Expansion	-44	25
2024-09-27	3.22	3.24	-17.71	35310403	Downward Expansion	-47	35
2024-09-20	2.05	3.26	-47.59	68803	Downward Expansion	-74	76
2024-09-13	2.30	3.32	-41.02	2520003	Downward Expansion	-65	69
2024-09-06	2.00	3.39	-46.45	1256031	Downward Expansion	-82	80
2024-08-30	2.52	3.45	-37.41	94341	Downward Expansion	-70	67
2024-08-23	2.72	3.49	-33.96	29767	Downward Expansion	-65	59
2024-08-16	2.54	3.54	-38.47	142768	Downward Expansion	-74	56
2024-08-09	3.19	3.56	-19.92	48322	Downward Expansion	-51	29
2024-08-02	3.10	3.56	-23.03	11414	Downward Expansion	-57	36
2024-07-26	3.16	3.57	-25.02	21721	Downward Expansion	-52	32
2024-07-19	3.20	3.57	-27.22	28996	Downward Expansion	-53	36
2024-07-12	3.24	3.60	-30.35	43179	Downward Expansion	-49	27
2024-07-05	3.20	3.62	-32.41	23065	Downward Expansion	-51	27
2024-06-28	3.04	3.65	-34.49	71397	Downward Expansion	-48	25
2024-06-21	3.63	3.65	-22.97	72235	Downward Expansion	-34	18
2024-06-14	3.30	3.64	-30.89	43220	Downward Expansion	-52	31
2024-06-07	3.40	3.66	-27.23	83150	Downward Expansion	-54	50
2024-05-31	3.26	3.67	-29.40	21975	Downward Expansion	-57	62
2024-05-24	3.32	3.70	-30.24	63774	Balance	-57	60
2024-05-17	3.02	3.71	-36.67	182994	Balance	-32	45
2024-05-10	3.25	3.72	-31.67	35808	Balance	-21	19
2024-05-03	3.40	3.73	-28.81	200964	Balance	14	8
2024-04-26	3.97	3.74	-17.80	189420	Balance	44	31
2024-04-19	3.95	3.73	-16.48	50267	Balance	46	34
2024-04-12	4.00	3.71	-21.48	83285	Balance	44	30
2024-04-05	4.20	3.71	-19.73	84266	Balance	53	31
2024-03-29	4.08	3.71	-23.97	163685	Balance	38	15
2024-03-22	3.56	3.72	-35.27	72971	Balance	-6	6
2024-03-15	3.88	3.74	-29.33	45619	Balance	14	6
2024-03-08	3.64	3.76	-35.83	71412	Balance	12	15
2024-03-01	3.80	3.81	-34.90	97104	Balance	18	18
2024-02-23	3.88	3.86	-33.22	93310	Balance	8	15
2024-02-16	4.40	3.91	-24.60	469650	Balance	21	21
2024-02-09	3.60	3.95	-40.41	79069	Downward Expansion	-29	14
2024-02-02	3.80	4.01	-37.08	46841	Downward Expansion	-28	12
2024-01-26	4.12	4.04	-32.63	352402	Downward Expansion	-32	19
2024-01-19	3.24	4.08	-47.80	40970	Downward Expansion	-55	49
2024-01-12	3.16	4.15	-48.98	103141	Downward Expansion	-56	35
2024-01-05	3.36	4.21	-46.26	25308	Downward Expansion	-51	23
2023-12-29	3.32	4.28	-50.49	155752	Downward Expansion	-43	18
2023-12-22	4.06	4.34	-41.10	228729	Downward Expansion	-30	15
2023-12-15	3.88	4.39	-44.91	152911	Downward Expansion	-47	26
2023-12-08	3.83	4.45	-45.48	4356142	Downward Expansion	-50	31
2023-12-01	3.16	4.52	-56.72	67929	Downward Expansion	-65	42
2023-11-24	3.44	4.63	-54.43	15370	Downward Expansion	-49	28
2023-11-17	3.70	4.73	-52.34	44928	Deceleration	-40	25
2023-11-10	3.72	4.82	-53.12	71030	Deceleration	-43	30
2023-11-03	4.28	4.93	-46.52	89245	Downward Expansion	-46	35
2023-10-27	3.52	5.01	-54.97	41605	Downward Expansion	-62	52
2023-10-20	3.24	5.12	-61.26	431098	Downward Expansion	-75	60

Price vs TrendAbove+41.6%

Trend directionRising+16.3%

Price vs current Fair ValueBelow anchor-28.5%

Fair Value directionClosing upward+26.5%

Relative Strength vs benchmarkLeading+11.0%

Relative strength directionImproving+41.2%

Price momentumPositive+99.7%

Volume balanceDemand-led4.51×

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

53 / ±100

+0.4 points since 2026-09-11

Energy

38 /100

+6.4 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.

CNET Directional State ↗ CNET Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance27

Rotation Up53

Upward Expansion76

Deceleration58

Rotation Down17

Downward Expansion5

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 19%Rotation Up 5%Upward Expansion 10%Deceleration 5%Rotation Down 3%Downward Expansion 59%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2026-08-14	2026-10-09	Developing	+14.0%
Rotation Up	2026-07-10	2026-08-07	Developing	+33.7%
Balance	2026-06-19	2026-07-03	New	+3.3%
Downward Expansion	2026-01-16	2026-06-12	Established	-20.0%
Rotation Down	2025-12-19	2026-01-09	New	+0.0%
Deceleration	2025-11-07	2025-12-12	Developing	-25.6%
Upward Expansion	2025-09-19	2025-10-31	Developing	-6.2%
Balance	2025-08-08	2025-09-12	Developing	+48.1%
Rotation Up	2025-07-25	2025-08-01	New	-21.2%
Balance	2025-07-11	2025-07-18	New	+0.6%
Downward Expansion	2025-06-06	2025-07-04	Developing	+19.1%
Balance	2025-05-16	2025-05-30	New	-22.5%
Downward Expansion	2024-05-31	2025-05-09	Extended	-52.4%
Balance	2024-02-16	2024-05-24	Established	-24.5%

Classic Stage Analysis comparison

Stage 1 · Basing53

Stage 2 · Advancing44

Stage 3 · Distribution17

Stage 4 · Declining0

Legacy result: Stage 1 · Stage 1C · Breakout watch. 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: 95/100
Current Relative Strength: 10.96
Relative Strength direction: Improving
Price momentum: +99.7%
Excess performance vs benchmark: +76.8%
Communication Services regime cohort: 81th percentile21 in cohort

Test CNET trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.04×

Latest completed volume relative to typical participation.

Up/down volume4.51×

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 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 CNET Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity USD 1.55rising

Slow Activity USD 1.20rising

Trend Reference USD 1.04+41.6% close margin

Current Fair Value USD 2.06-28.5% close margin

Structural low USD 0.60shock / 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 +35.3%

Annualized volatility +134.0%

From structural high -48.8%

From structural low +157.9%

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	6	-6.0%-20.5% to +19.7%	+16.7%	+16.7%	-5.3%	+66.7%	Usable descriptive sample
Intermediate	2	-45.4%-50.1% to -40.7%	+0.0%	+0.0%	-46.9%	+0.0%	Too little matched history
Extended	2	-65.1%-67.0% to -63.1%	+0.0%	+0.0%	-74.0%	+0.0%	Too little matched history
Full cycle	2	-56.9%-80.3% to -33.5%	+0.0%	+0.0%	-84.7%	+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.

CNET 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