Weekly structural research · LSE · Consumer Cyclical

MRK Stage Analysis

Marks Electrical Group PLC

Week ending 2 Oct 2026Close GBP 0.49Tenure NewBenchmark ^FTSE

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Rotation Up · Structural repair

The Activity Line structure is rotating upward.

Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair.

The Trend gate is down within the current regime.
Fast Activity versus Slow Activity: improving.
Activity structure: moderate and contracting.
A price shock beyond the complete Activity structure bypassed the ordinary persistence gate.

Direction 20−100 bearish to +100 bullish

Energy 25/100directional strength

Maturity 31/100lifecycle context

Confidence 67/100evidence agreement

Trend gate Downstructural direction

Activity structure Moderatecontracting separation

Price acceptance +0.0%position within the Activity structure

Fair Value context -16.4%GBP 0.5859 · 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
2026-10-02	0.49	0.4695	2.37	95123	Rotation Up	20	25
2026-09-25	0.455	0.4688	-7.28	125553	Downward Expansion	-58	73
2026-09-18	0.45	0.4693	-8.50	46860	Downward Expansion	-77	85
2026-09-11	0.455	0.4698	-8.31	27847	Downward Expansion	-44	45
2026-09-04	0.455	0.47	-10.67	14004	Downward Expansion	-46	54
2026-08-28	0.455	0.4703	-11.47	0	Downward Expansion	-45	47
2026-08-21	0.455	0.4707	-12.25	510	Downward Expansion	-45	43
2026-08-14	0.455	0.471	-12.51	13636	Downward Expansion	-56	46
2026-08-07	0.455	0.4713	-14.53	37385	Downward Expansion	-57	52
2026-07-31	0.455	0.4717	-15.10	7	Rotation Down	-60	61
2026-07-24	0.455	0.4718	-14.88	0	Rotation Down	-35	59
2026-07-17	0.455	0.472	-14.60	0	Rotation Down	-35	61
2026-07-10	0.455	0.4722	-14.65	24	Rotation Down	-28	55
2026-07-03	0.455	0.4718	-16.88	1529806	Balance	-29	46
2026-06-26	0.455	0.4717	-16.34	13	Balance	-28	26
2026-06-19	0.455	0.4713	-15.93	82920	Upward Expansion	5	8
2026-06-12	0.49	0.4713	-11.14	6000	Upward Expansion	46	26
2026-06-05	0.49	0.4707	-10.87	39826	Upward Expansion	49	28
2026-05-29	0.49	0.4705	-11.81	18689	Upward Expansion	51	31
2026-05-22	0.49	0.4707	-12.88	18326	Upward Expansion	54	35
2026-05-15	0.49	0.471	-11.19	10467	Upward Expansion	56	46
2026-05-08	0.49	0.4715	-12.10	5227	Rotation Up	60	55
2026-05-01	0.49	0.4722	-13.81	18041	Rotation Up	34	44
2026-04-24	0.49	0.4728	-14.53	114836	Rotation Up	35	42
2026-04-17	0.49	0.4738	-17.45	27082	Balance	38	35
2026-04-10	0.475	0.4777	-20.11	9385	Balance	-6	10
2026-04-03	0.475	0.482	-19.64	107096	Balance	-8	9
2026-03-27	0.48	0.4863	-15.73	102657	Balance	-3	6
2026-03-20	0.465	0.4905	-18.47	136541	Balance	-19	10
2026-03-13	0.47	0.4952	-20.86	18369	Balance	-20	12
2026-03-06	0.47	0.4997	-21.52	10681	Downward Expansion	-23	17
2026-02-27	0.47	0.5042	-26.44	4269	Downward Expansion	-26	21
2026-02-20	0.465	0.5087	-26.14	2688502	Downward Expansion	-29	24
2026-02-13	0.46	0.5135	-25.70	149016	Downward Expansion	-44	31
2026-02-06	0.465	0.5192	-24.77	65166	Downward Expansion	-39	30
2026-01-30	0.465	0.524	-24.12	26607	Downward Expansion	-40	31
2026-01-23	0.465	0.5286	-23.91	8492	Downward Expansion	-42	36
2026-01-16	0.465	0.5329	-25.00	197144	Downward Expansion	-45	40
2026-01-09	0.465	0.5369	-24.59	169830	Downward Expansion	-48	44
2026-01-02	0.46	0.5408	-24.52	1843	Downward Expansion	-61	56
2025-12-26	0.46	0.5448	-24.32	3500	Downward Expansion	-64	62
2025-12-19	0.46	0.5487	-24.94	94361	Downward Expansion	-65	60
2025-12-12	0.445	0.5527	-25.94	354734	Downward Expansion	-71	73
2025-12-05	0.45	0.5571	-25.63	17028	Downward Expansion	-72	81
2025-11-28	0.445	0.5614	-27.22	25556	Downward Expansion	-80	85
2025-11-21	0.455	0.5659	-24.57	6236970	Downward Expansion	-81	83
2025-11-14	0.47	0.5698	-23.65	338561	Downward Expansion	-79	82
2025-11-07	0.485	0.5733	-21.40	408366	Downward Expansion	-75	84
2025-10-31	0.495	0.5766	-20.57	38731	Downward Expansion	-73	84
2025-10-24	0.50	0.5794	-19.61	520749	Downward Expansion	-71	84
2025-10-17	0.505	0.582	-16.70	76506	Downward Expansion	-73	84
2025-10-10	0.51	0.5843	-16.89	9655	Balance	-76	80
2025-10-03	0.51	0.5858	-17.87	336567	Balance	-51	62
2025-09-26	0.52	0.5869	-14.84	4721095	Balance	-35	27
2025-09-19	0.605	0.5875	-0.62	161287	Balance	30	15
2025-09-12	0.605	0.5854	-1.47	180402	Balance	31	15
2025-09-05	0.605	0.5832	-0.94	23323	Balance	32	16
2025-08-29	0.605	0.581	-1.01	15230	Balance	33	17
2025-08-22	0.605	0.5786	-2.68	127527	Upward Expansion	36	20
2025-08-15	0.605	0.5762	-1.05	86839	Upward Expansion	48	27
2025-08-08	0.605	0.5738	-0.92	24088	Upward Expansion	54	37
2025-08-01	0.605	0.5711	-0.96	160372	Upward Expansion	59	53
2025-07-25	0.61	0.5684	-1.05	125936	Upward Expansion	62	65
2025-07-18	0.63	0.5656	3.26	25405	Upward Expansion	81	75
2025-07-11	0.61	0.562	0.15	335312	Upward Expansion	69	58
2025-07-04	0.6035	0.559	-0.03	197040	Upward Expansion	66	47
2025-06-27	0.5936	0.5562	-1.84	243558	Upward Expansion	62	38
2025-06-20	0.5837	0.5539	-3.67	13792	Upward Expansion	56	35
2025-06-13	0.5837	0.551	-4.95	5815	Upward Expansion	57	34
2025-06-06	0.5787	0.5481	-6.11	866319	Upward Expansion	53	32
2025-05-30	0.5787	0.548	-5.83	19961	Upward Expansion	54	34
2025-05-23	0.5787	0.5476	-5.62	21643	Upward Expansion	55	35
2025-05-16	0.5787	0.5471	-5.58	243738	Upward Expansion	56	35
2025-05-09	0.5787	0.547	-4.45	26033	Upward Expansion	56	35
2025-05-02	0.5787	0.5474	-5.18	31236	Upward Expansion	58	38
2025-04-25	0.5738	0.5478	-4.26	1242	Upward Expansion	58	47
2025-04-18	0.5738	0.5483	-3.06	14290	Rotation Up	61	60
2025-04-11	0.5837	0.5485	2.00	873573	Rotation Up	41	60
2025-04-04	0.5787	0.5497	-0.34	118594	Rotation Up	40	58
2025-03-28	0.5787	0.5511	-7.66	80587	Rotation Up	43	52
2025-03-21	0.5738	0.5526	-8.83	92040	Balance	32	37
2025-03-14	0.554	0.5546	-12.30	5150829	Balance	-0	9
2025-03-07	0.5441	0.5578	-14.89	132502	Balance	-10	9
2025-02-28	0.5392	0.561	-17.50	90067	Balance	-17	11
2025-02-21	0.5392	0.5645	-16.75	22347	Balance	-18	11
2025-02-14	0.5392	0.5686	-18.05	62896	Balance	-20	13
2025-02-07	0.5392	0.5736	-18.40	38721	Downward Expansion	-31	16
2025-01-31	0.5342	0.5786	-19.58	417012	Downward Expansion	-34	21
2025-01-24	0.5342	0.5838	-18.61	131180	Downward Expansion	-37	26
2025-01-17	0.5317	0.5891	-19.68	33075	Downward Expansion	-40	30
2025-01-10	0.5243	0.5943	-18.95	3043015	Downward Expansion	-42	33
2025-01-03	0.5243	0.5998	-19.21	79796	Downward Expansion	-43	37
2024-12-27	0.5243	0.6048	-19.55	23562	Downward Expansion	-55	44
2024-12-20	0.5243	0.6095	-19.87	54377	Downward Expansion	-58	49
2024-12-13	0.5194	0.614	-23.59	459116	Downward Expansion	-60	59
2024-12-06	0.5194	0.6186	-24.60	117426	Downward Expansion	-63	74
2024-11-29	0.5243	0.6232	-24.60	7020037	Downward Expansion	-64	73
2024-11-22	0.4967	0.6273	-29.20	47486	Downward Expansion	-82	85
2024-11-15	0.4967	0.6335	-28.36	330794	Downward Expansion	-87	77
2024-11-08	0.5754	0.6397	-18.14	50659	Downward Expansion	-62	53
2024-11-01	0.5655	0.6434	-21.46	120803	Downward Expansion	-69	58
2024-10-25	0.5655	0.6474	-22.96	24019	Downward Expansion	-70	51
2024-10-18	0.5754	0.652	-23.49	48929	Downward Expansion	-68	55
2024-10-11	0.5901	0.6557	-21.36	13019	Downward Expansion	-65	64
2024-10-04	0.5901	0.6589	-22.37	132982	Downward Expansion	-67	67
2024-09-27	0.5901	0.6623	-23.82	47897	Downward Expansion	-71	70
2024-09-20	0.5803	0.6663	-25.26	79834	Downward Expansion	-77	65
2024-09-13	0.6196	0.6704	-21.58	35164	Downward Expansion	-64	57
2024-09-06	0.6196	0.6736	-21.49	37103	Downward Expansion	-66	57
2024-08-30	0.6245	0.677	-23.51	52127	Downward Expansion	-67	62
2024-08-23	0.6344	0.68	-22.66	25759	Downward Expansion	-63	62
2024-08-16	0.6491	0.6832	-21.55	236607	Downward Expansion	-55	52
2024-08-09	0.6393	0.6848	-22.20	249181	Balance	-60	48
2024-08-02	0.6442	0.6861	-22.40	73592	Balance	-47	28
2024-07-26	0.6639	0.6949	-21.74	293884	Balance	-35	14
2024-07-19	0.6885	0.7024	-18.20	111588	Balance	-11	10
2024-07-12	0.6885	0.7088	-19.67	211122	Balance	-11	11
2024-07-05	0.6917	0.7151	-19.38	48826	Balance	-10	12
2024-06-28	0.6917	0.7209	-19.63	503854	Balance	-25	16
2024-06-21	0.6868	0.7268	-21.47	93042	Downward Expansion	-33	18
2024-06-14	0.6917	0.7327	-20.64	3886405	Downward Expansion	-39	23
2024-06-07	0.6722	0.7392	-24.26	776832	Downward Expansion	-56	38
2024-05-31	0.6673	0.7469	-25.53	332544	Downward Expansion	-60	45
2024-05-24	0.6576	0.7537	-27.38	87918	Downward Expansion	-64	53
2024-05-17	0.6576	0.7609	-28.65	145542	Downward Expansion	-65	51
2024-05-10	0.6576	0.7682	-29.14	129637	Downward Expansion	-68	52
2024-05-03	0.6479	0.776	-28.69	318347	Downward Expansion	-75	65
2024-04-26	0.682	0.789	-24.60	209927	Downward Expansion	-62	51
2024-04-19	0.682	0.8006	-22.58	335049	Downward Expansion	-64	49
2024-04-12	0.6868	0.8115	-23.25	132342	Downward Expansion	-63	49
2024-04-05	0.6868	0.8207	-22.74	184979	Downward Expansion	-60	43
2024-03-29	0.7014	0.8297	-21.76	51486	Downward Expansion	-59	45
2024-03-22	0.6868	0.8382	-23.40	99799	Downward Expansion	-64	50
2024-03-15	0.6868	0.8473	-21.67	229099	Downward Expansion	-65	52
2024-03-08	0.6917	0.8565	-20.79	400421	Downward Expansion	-66	52
2024-03-01	0.7112	0.8655	-19.07	108191	Downward Expansion	-62	53
2024-02-23	0.7014	0.8725	-20.71	78430	Downward Expansion	-70	60
2024-02-16	0.7161	0.8807	-19.31	169588	Downward Expansion	-67	75
2024-02-09	0.7209	0.8869	-17.38	38147	Downward Expansion	-66	84
2024-02-02	0.7161	0.8931	-18.49	104578	Downward Expansion	-69	87
2024-01-26	0.7307	0.9001	-17.11	1657537	Downward Expansion	-70	85
2024-01-19	0.6966	0.9069	-19.31	207048	Downward Expansion	-84	85
2024-01-12	0.6771	0.9149	-23.47	973254	Downward Expansion	-85	69
2024-01-05	0.9109	0.9227	1.55	166209	Downward Expansion	-35	17
2023-12-29	0.8866	0.9214	-1.59	20837	Downward Expansion	-41	24
2023-12-22	0.8817	0.9198	-1.59	66829	Downward Expansion	-52	32
2023-12-15	0.8768	0.9184	-0.47	132067	Downward Expansion	-54	35
2023-12-08	0.8671	0.9171	-1.10	55039	Deceleration	-30	27
2023-12-01	0.8671	0.9162	-0.56	36315	Rotation Down	-31	26
2023-11-24	0.8641	0.9144	-0.06	1103221	Rotation Down	-34	34
2023-11-17	0.8884	0.9136	2.86	226129	Rotation Down	-20	40
2023-11-10	0.903	0.9119	7.01	148935	Rotation Down	-21	42
2023-11-03	0.8714	0.9104	2.94	306605	Upward Expansion	-26	37
2023-10-27	0.8739	0.9085	5.45	234487	Upward Expansion	-6	21
2023-10-20	0.8739	0.9062	4.50	1060310	Upward Expansion	11	9
2023-10-13	0.8933	0.9038	4.66	1447664	Upward Expansion	37	31

Price vs TrendAbove+4.4%

Trend directionFalling-0.5%

Price vs current Fair ValueBelow anchor-16.4%

Fair Value directionClosing upward+11.2%

Relative Strength vs benchmarkLeading+2.4%

Relative strength directionImproving+19.3%

Price momentumPositive+3.2%

Volume balanceDemand-led4.71×

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

20 / ±100

+65.4 points since 2026-09-04

Energy

25 /100

-28.3 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.

MRK Directional State ↗ MRK Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance58

Rotation Up43

Upward Expansion27

Deceleration50

Rotation Down17

Downward Expansion49

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 18%Rotation Up 5%Upward Expansion 18%Deceleration 1%Rotation Down 5%Downward Expansion 53%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Rotation Up	2026-10-02	2026-10-02	New	+0.0%
Downward Expansion	2026-08-07	2026-09-25	Developing	+0.0%
Rotation Down	2026-07-10	2026-07-31	New	+0.0%
Balance	2026-06-26	2026-07-03	New	+0.0%
Upward Expansion	2026-05-15	2026-06-19	Developing	-7.1%
Rotation Up	2026-04-24	2026-05-08	New	+0.0%
Balance	2026-03-13	2026-04-17	Developing	+4.3%
Downward Expansion	2025-10-17	2026-03-06	Established	-6.9%
Balance	2025-08-29	2025-10-10	Developing	-15.7%
Upward Expansion	2025-04-25	2025-08-22	Established	+5.4%
Rotation Up	2025-03-28	2025-04-18	New	-0.9%
Balance	2025-02-14	2025-03-21	Developing	+6.4%
Downward Expansion	2024-08-16	2025-02-07	Established	-16.9%
Balance	2024-06-28	2024-08-09	Developing	-7.6%

Classic Stage Analysis comparison

Stage 1 · Basing73

Stage 2 · Advancing44

Stage 3 · Distribution42

Stage 4 · Declining28

Legacy result: Stage 1 · Stage 1C · Breakout watch. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^FTSE

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: 75/100
Current Relative Strength: 2.37
Relative Strength direction: Improving
Price momentum: +3.2%
Excess performance vs benchmark: +2.9%
Consumer Cyclical regime cohort: 100th percentile1 in cohort

Test MRK trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.93×

Latest completed volume relative to typical participation.

Up/down volume4.71×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 0

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+50.0%

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 MRK Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity GBP 0.4657rising

Slow Activity GBP 0.4644falling

Trend Reference GBP 0.4695+4.4% close margin

Current Fair Value GBP 0.5859-16.4% close margin

Structural low GBP 0.45shock / repair context

What changes the read?

Full positive ordering with expanding width confirms Upward Expansion. Loss of the fast/slow repair and renewed downside acceptance cancels it.

Range context +1.6%

Annualized volatility +15.6%

From structural high -3.9%

From structural low +16.7%

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 ^FTSE	Regime survived	Read
Near term	2	-0.4%-0.9% to +0.0%	+0.0%	+0.0%	+0.6%	+0.0%	Too little matched history
Intermediate	2	-2.3%-7.1% to +2.6%	+50.0%	+50.0%	-4.8%	+0.0%	Too little matched history
Extended	1	-10.1%-10.1% to -10.1%	+0.0%	+0.0%	-17.4%	+0.0%	Too little matched history
Full cycle	1	-17.1%-17.1% to -17.1%	+0.0%	+0.0%	-32.2%	+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.

MRK Stage Analysis

What the Activity Line geometry says now

The Activity Line structure is rotating 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 Activity Line structure is rotating 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 ↗

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

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