Weekly structural research ยท TOR ยท Financial Services

POW Stage Analysis

Power Corporation of Canada

Week ending 25 Sep 2026Close CAD 94.28Tenure EstablishedBenchmark ^GSPTSE
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Upward Expansion ยท 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: weakening.
  • Activity structure: moderate and contracting.
Direction 61โˆ’100 bearish to +100 bullish
Energy 53/100directional strength
Maturity 100/100lifecycle context
Confidence 72/100evidence agreement
Trend gate Upstructural direction
Activity structure Moderatecontracting separation
Price acceptance +50.0%position within the Activity structure
Fair Value context +78.0%CAD 52.98 ยท weakening
Trend Architecture map ยท 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.
View chart values ยท 156 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-09-2594.2883.2715.5615318400Upward Expansion6153
2026-09-1894.5682.3816.6012318600Upward Expansion6556
2026-09-1194.3781.4117.449205900Upward Expansion6454
2026-09-0495.2880.4016.608163700Upward Expansion7463
2026-08-2892.2779.3513.455634200Upward Expansion6362
2026-08-2191.3978.5412.70758700Upward Expansion6666
2026-08-1495.0077.8017.321673100Upward Expansion7470
2026-08-0793.4977.0217.172757300Upward Expansion6877
2026-07-3195.8076.2924.602119300Upward Expansion8691
2026-07-2492.9075.4721.103092100Upward Expansion8087
2026-07-1791.8774.7820.832290200Upward Expansion8186
2026-07-1091.0474.0920.322361200Upward Expansion8389
2026-07-0389.7473.4419.50746300Upward Expansion8490
2026-06-2685.8072.7615.812655000Upward Expansion6886
2026-06-1988.3372.2319.823732400Upward Expansion8895
2026-06-1285.9571.5817.341942900Upward Expansion8694
2026-06-0583.3271.0016.093055600Upward Expansion8091
2026-05-2982.6970.4214.587859400Upward Expansion8493
2026-05-2280.8769.8113.484798600Upward Expansion8393
2026-05-1579.1469.2013.645571700Upward Expansion8290
2026-05-0878.7968.5512.838555800Upward Expansion8991
2026-05-0175.6267.969.3011414000Upward Expansion8081
2026-04-2473.0467.415.7913340900Deceleration6264
2026-04-1773.3666.875.0610894700Deceleration6344
2026-04-1070.0766.322.4512269300Deceleration3521
2026-04-0368.4065.901.9215942600Deceleration2715
2026-03-2765.5265.501.1024364100Deceleration-1720
2026-03-2064.2365.201.2317420200Deceleration-815
2026-03-1365.5864.93-0.3813272200Deceleration-013
2026-03-0665.2964.60-2.3410690900Deceleration-320
2026-02-2767.8364.29-2.209529600Deceleration125
2026-02-2065.3363.84-4.238591300Deceleration-130
2026-02-1364.0163.46-3.939113200Deceleration-1130
2026-02-0663.8563.08-2.2415277400Deceleration920
2026-01-3067.9862.686.0512827200Upward Expansion4538
2026-01-2369.2662.134.579016500Upward Expansion5251
2026-01-1671.4661.558.739265900Upward Expansion6563
2026-01-0971.6860.8611.079796800Upward Expansion6865
2026-01-0271.2160.1513.477710300Upward Expansion6867
2025-12-2672.1159.4415.144699600Upward Expansion7770
2025-12-1971.0958.7414.9811789800Upward Expansion7470
2025-12-1271.7858.0017.549873400Upward Expansion8574
2025-12-0569.2257.2014.767287900Upward Expansion7276
2025-11-2869.8456.5216.108199900Upward Expansion8393
2025-11-2168.9855.8319.9110359900Upward Expansion8795
2025-11-1468.4055.1618.949131600Upward Expansion9397
2025-11-0765.9154.4716.8312337500Upward Expansion9296
2025-10-3164.4953.7913.528687100Upward Expansion9094
2025-10-2462.5453.2710.2111932400Upward Expansion8788
2025-10-1759.5552.806.198218100Upward Expansion6966
2025-10-1061.1552.4010.3313584300Upward Expansion9073
2025-10-0359.0451.904.7416259700Upward Expansion8369
2025-09-2656.8251.523.4821246700Upward Expansion6661
2025-09-1957.0651.184.1712227200Upward Expansion7166
2025-09-1257.4650.796.928917700Upward Expansion8075
2025-09-0556.3050.395.965262300Upward Expansion7081
2025-08-2956.4750.028.389248900Upward Expansion7688
2025-08-2256.1149.538.966871300Upward Expansion7688
2025-08-1555.7849.0310.458318100Upward Expansion7889
2025-08-0855.9548.5311.917328000Upward Expansion8691
2025-08-0154.3648.0212.287720700Upward Expansion8185
2025-07-2553.9547.5910.049096400Upward Expansion8280
2025-07-1852.7547.228.6910191400Upward Expansion7674
2025-07-1151.8846.878.4621080500Upward Expansion7065
2025-07-0451.2946.597.458505100Upward Expansion6660
2025-06-2751.9046.3610.5421483100Upward Expansion7464
2025-06-2050.8346.119.4714951800Upward Expansion6761
2025-06-1350.2245.878.5110327000Upward Expansion6454
2025-06-0650.0345.628.7510302900Upward Expansion6447
2025-05-3051.0045.4112.239025000Upward Expansion7651
2025-05-2348.8745.099.165486000Upward Expansion6244
2025-05-1648.0144.847.157374800Upward Expansion5945
2025-05-0948.5944.6311.398822800Upward Expansion6350
2025-05-0249.3144.3914.878634400Upward Expansion7046
2025-04-2548.7944.1015.6412678200Upward Expansion7046
2025-04-1847.7343.8016.1612150100Upward Expansion6346
2025-04-1145.6043.5214.3820632600Upward Expansion6149
2025-04-0448.7743.3025.0021502900Upward Expansion7563
2025-03-2848.4942.9517.2023040700Upward Expansion7972
2025-03-2147.3842.6014.0814615100Upward Expansion7379
2025-03-1446.4242.2514.0914422800Upward Expansion6680
2025-03-0747.6641.9016.5815005900Upward Expansion8390
2025-02-2846.5941.4411.508892600Upward Expansion8087
2025-02-2145.3741.059.914668200Upward Expansion7278
2025-02-1445.1840.778.187647700Deceleration7265
2025-02-0745.4040.479.079021600Deceleration5831
2025-01-3141.8040.190.226327800Deceleration619
2025-01-2441.1139.97-1.2011528900Deceleration523
2025-01-1740.6139.77-0.9413858100Deceleration-119
2025-01-1040.6839.560.4017418400Deceleration1925
2025-01-0341.6339.371.569715100Upward Expansion4127
2024-12-2742.8239.205.6515325800Upward Expansion5045
2024-12-2042.2638.985.2318771100Upward Expansion6358
2024-12-1343.4538.795.4611472500Upward Expansion6766
2024-12-0644.4238.546.1716147000Upward Expansion7870
2024-11-2944.1938.285.889144900Upward Expansion8177
2024-11-2243.6637.955.556055600Upward Expansion8074
2024-11-1542.7537.605.737689400Upward Expansion7375
2024-11-0843.6437.308.657812900Upward Expansion9192
2024-11-0141.5836.955.959378100Upward Expansion7286
2024-10-2541.3736.714.729787100Upward Expansion7186
2024-10-1841.5936.483.9614254400Upward Expansion8090
2024-10-1141.4136.235.1615861600Upward Expansion8492
2024-10-0440.6936.014.8223069400Upward Expansion8289
2024-09-2739.7635.833.3920371800Upward Expansion7785
2024-09-2039.4235.683.0025391000Upward Expansion7985
2024-09-1338.9435.563.0812167100Upward Expansion7780
2024-09-0638.1035.414.3815328900Upward Expansion6969
2024-08-3038.2635.292.369838400Balance7146
2024-08-2336.6035.19-1.764644100Balance4321
2024-08-1635.9835.15-2.496750900Balance3516
2024-08-0933.9535.10-5.006697400Balance96
2024-08-0235.0135.09-1.816800900Balance4333
2024-07-2636.9135.060.7711402000Balance6152
2024-07-1936.1334.97-0.7712625700Balance5133
2024-07-1236.8734.871.3219912700Balance5122
2024-07-0535.3334.77-0.1920393600Balance2719
2024-06-2835.1634.710.1729677100Upward Expansion3017
2024-06-2134.3134.66-0.7236317700Upward Expansion2514
2024-06-1435.0434.611.0919634100Upward Expansion5541
2024-06-0736.4534.533.5014542500Upward Expansion6469
2024-05-3136.0634.321.3910943500Upward Expansion5967
2024-05-2436.6934.153.056271100Upward Expansion7064
2024-05-1735.8433.880.164509800Deceleration5741
2024-05-1036.5633.663.0010538400Deceleration5427
2024-05-0334.4933.47-1.0919226900Deceleration917
2024-04-2633.1733.34-4.8916789900Deceleration-520
2024-04-1933.5733.26-3.0313444600Deceleration315
2024-04-1233.2333.21-4.3814713700Deceleration-113
2024-04-0534.3033.22-2.8417432600Deceleration3219
2024-03-2934.6133.15-1.4518989300Deceleration3822
2024-03-2234.1033.09-2.0035992200Upward Expansion4227
2024-03-1534.7733.000.5917909400Upward Expansion5845
2024-03-0835.3632.922.989298200Upward Expansion6450
2024-03-0135.1832.863.4210434500Upward Expansion6250
2024-02-2335.8332.806.157930900Upward Expansion7863
2024-02-1634.4132.692.926408000Upward Expansion6267
2024-02-0934.5632.634.754736700Upward Expansion6473
2024-02-0235.0632.566.137228000Upward Expansion7075
2024-01-2635.6432.467.9110107600Upward Expansion8272
2024-01-1934.3532.315.3818330500Upward Expansion6959
2024-01-1233.6932.143.1715544900Upward Expansion6149
2024-01-0534.2332.035.2612991500Upward Expansion7168
2023-12-2934.0231.894.7812976900Upward Expansion7172
2023-12-2233.2931.773.1920883000Upward Expansion6471
2023-12-1533.6431.676.3419586300Rotation Up6774
2023-12-0833.8031.588.2012614600Rotation Up6455
2023-12-0133.4131.486.7010265200Rotation Up5042
2023-11-2433.0831.407.836744400Rotation Down2627
2023-11-1732.4431.335.7011858900Rotation Down69
2023-11-1030.1931.281.277591900Rotation Down-3346
2023-11-0330.9331.283.079047600Rotation Down-3557
2023-10-2728.7531.241.5616825300Rotation Down-4670
2023-10-2029.2131.271.2616207500Rotation Down-4461
2023-10-1330.7431.284.799310700Deceleration-2532
2023-10-0630.7431.206.2120437300Deceleration-414
Price vs TrendAbove+13.2%
Trend directionRising+11.4%
Price vs current Fair ValuePremium+78.0%
Fair Value directionMoving away-1.1%
Relative Strength vs benchmarkLeading+15.6%
Relative strength directionWeakening-0.2%
Price momentumPositive+43.9%
Volume balanceDemand-led1.37ร—
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

61 / ยฑ100

-2.6 points since 2026-08-28

Energy

53 /100

-8.8 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.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance22
Rotation Up48
Upward Expansion80
Deceleration71
Rotation Down28
Downward Expansion9

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 todayโ€™s regime

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

Balance 6%Rotation Up 2%Upward Expansion 71%Deceleration 18%Rotation Down 4%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Upward Expansion2026-05-012026-09-25Established+24.7%
Deceleration2026-02-062026-04-24Developing+14.4%
Upward Expansion2025-02-212026-01-30Extended+49.8%
Deceleration2025-01-102025-02-14Developing+11.1%
Upward Expansion2024-09-062025-01-03Established+9.3%
Balance2024-07-052024-08-30Developing+8.3%
Upward Expansion2024-05-242024-06-28Developing-4.2%
Deceleration2024-03-292024-05-17Developing+3.6%
Upward Expansion2023-12-222024-03-22Established+2.5%
Rotation Up2023-12-012023-12-15New+0.7%
Rotation Down2023-10-202023-11-24Developing+13.2%
Deceleration2023-09-152023-10-13Developing-8.0%
Upward Expansion2023-07-212023-09-08Developing-1.7%
Balance2023-06-162023-07-14Developing+6.8%
Classic Stage Analysis comparison
Stage 1 ยท Basing6
Stage 2 ยท Advancing100
Stage 3 ยท Distribution65
Stage 4 ยท Declining0

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

Leadership versus ^GSPTSE

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
90/100
Current Relative Strength
15.56
Relative Strength direction
Weakening
Price momentum
+43.9%
Excess performance vs benchmark
+31.9%
Financial Services regime cohort
42th percentile24 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume3.19ร—

Latest completed volume relative to typical participation.

Up/down volume1.37ร—

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

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.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity CAD 94.37rising
Slow Activity CAD 88.96rising
Trend Reference CAD 83.27+13.2% close margin
Current Fair Value CAD 52.98+78.0% close margin
Structural low CAD 65.42shock / 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 +3.5%
Annualized volatility +16.1%
From structural high -3.5%
From structural low +66.3%
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 movePositive periodsDirectional follow-through Median excess vs ^GSPTSE Regime survived Read
Near term44+2.2%-6.6% to +9.3%+68.2%+68.2%+1.3%+81.8%Usable descriptive sample
Intermediate16+7.2%-9.7% to +26.7%+81.2%+81.2%+2.5%+75.0%Usable descriptive sample
Extended8+10.6%-17.9% to +25.1%+87.5%+87.5%+2.4%+62.5%Usable descriptive sample
Full cycle4+16.6%-8.8% to +44.0%+75.0%+75.0%+3.9%+25.0%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.

Evidence context