Weekly structural research · JPX · Technology

9960 Stage Analysis

Totech Corporation

Week ending 25 Sep 2026Close JPY 4,400.00Tenure NewBenchmark ^N225

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Upward Expansion · Early 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: wide and expanding.

Direction 77−100 bearish to +100 bullish

Energy 77/100directional strength

Maturity 11/100lifecycle context

Confidence 71/100evidence agreement

Trend gate Upstructural direction

Activity structure Wideexpanding separation

Price acceptance +50.0%position within the Activity structure

Fair Value context +56.1%JPY 2,819.06 · 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
2026-09-25	4,400.00	3,944.44	0.84	229100	Upward Expansion	77	77
2026-09-18	4,395.00	3,946.47	2.72	529300	Balance	75	56
2026-09-11	4,110.00	3,940.85	-2.49	459500	Balance	-2	2
2026-09-04	3,950.00	3,943.92	-7.88	455100	Downward Expansion	-36	29
2026-08-28	3,855.00	3,946.95	-12.27	271400	Downward Expansion	-52	46
2026-08-21	3,695.00	3,949.25	-15.77	56000	Balance	-67	44
2026-08-14	3,805.00	3,964.53	-17.05	76400	Balance	-26	19
2026-08-07	3,925.00	3,971.42	-10.74	155300	Balance	-10	10
2026-07-31	3,870.00	3,965.20	-10.66	70500	Rotation Up	-10	7
2026-07-24	4,090.00	3,955.44	-6.20	148700	Rotation Up	21	37
2026-07-17	3,950.00	3,938.52	-8.82	73800	Upward Expansion	27	46
2026-07-10	4,065.00	3,927.73	-12.35	84200	Upward Expansion	46	52
2026-07-03	4,265.00	3,909.19	-9.79	203300	Balance	60	52
2026-06-26	4,075.00	3,882.04	-13.47	82100	Balance	34	20
2026-06-19	4,035.00	3,864.64	-16.83	83900	Balance	8	6
2026-06-12	3,810.00	3,841.42	-15.56	94500	Balance	-23	32
2026-06-05	3,715.00	3,823.74	-18.63	63100	Balance	-25	26
2026-05-29	3,745.00	3,805.00	-18.01	404600	Deceleration	5	7
2026-05-22	3,630.00	3,783.96	-17.19	485000	Deceleration	-3	4
2026-05-15	4,025.00	3,765.94	-5.70	444900	Deceleration	32	14
2026-05-08	3,945.00	3,731.98	-9.60	178700	Deceleration	20	13
2026-05-01	3,900.00	3,699.72	-6.01	334200	Deceleration	10	9
2026-04-24	3,690.00	3,670.25	-11.40	220200	Deceleration	-1	11
2026-04-17	3,800.00	3,652.02	-7.03	285200	Deceleration	8	13
2026-04-10	4,040.00	3,630.28	1.39	236800	Deceleration	28	22
2026-04-03	3,760.00	3,599.26	1.20	310500	Deceleration	18	23
2026-03-27	3,797.00	3,577.89	1.98	369900	Deceleration	33	25
2026-03-20	3,884.85	3,554.64	4.46	240200	Upward Expansion	46	37
2026-03-13	3,943.41	3,527.34	5.38	349300	Upward Expansion	62	52
2026-03-06	4,163.03	3,496.15	7.92	502400	Upward Expansion	65	64
2026-02-27	4,460.74	3,460.70	9.58	338600	Upward Expansion	87	84
2026-02-20	4,226.48	3,406.80	7.99	465200	Upward Expansion	77	69
2026-02-13	4,202.08	3,357.04	7.61	432300	Upward Expansion	80	82
2026-02-06	4,041.02	3,306.16	9.05	411100	Upward Expansion	71	84
2026-01-30	3,923.89	3,259.55	8.30	366300	Upward Expansion	67	84
2026-01-23	4,153.27	3,217.36	14.08	550700	Upward Expansion	91	93
2026-01-16	4,011.74	3,170.81	10.67	247700	Upward Expansion	91	84
2026-01-09	3,738.43	3,126.57	7.53	242500	Upward Expansion	80	68
2026-01-02	3,577.38	3,088.95	6.53	81800	Upward Expansion	68	63
2025-12-26	3,582.26	3,059.57	6.09	189500	Upward Expansion	70	66
2025-12-19	3,626.18	3,034.63	10.38	258000	Upward Expansion	79	83
2025-12-12	3,509.05	3,003.72	4.31	301000	Upward Expansion	74	82
2025-12-05	3,450.49	2,974.40	3.53	343600	Upward Expansion	72	82
2025-11-28	3,552.98	2,946.80	7.39	307000	Upward Expansion	89	87
2025-11-21	3,338.24	2,910.44	4.61	299800	Upward Expansion	77	73
2025-11-14	3,279.67	2,882.24	-0.62	562300	Upward Expansion	76	60
2025-11-07	3,152.78	2,854.09	-4.33	278800	Deceleration	64	42
2025-10-31	3,113.74	2,824.90	-9.47	474300	Deceleration	48	28
2025-10-24	3,089.33	2,790.50	-4.63	231900	Deceleration	44	23
2025-10-17	3,006.36	2,770.18	-3.82	135100	Upward Expansion	42	26
2025-10-10	2,977.08	2,751.65	-5.76	220100	Upward Expansion	48	37
2025-10-03	3,016.13	2,731.76	0.31	215900	Upward Expansion	63	51
2025-09-26	3,143.02	2,711.51	5.50	134200	Upward Expansion	69	61
2025-09-19	3,147.85	2,681.56	6.61	159900	Upward Expansion	72	72
2025-09-12	3,109.22	2,652.85	6.26	142900	Upward Expansion	70	79
2025-09-05	3,118.88	2,626.79	11.25	206900	Upward Expansion	73	86
2025-08-29	3,099.57	2,595.16	11.78	188400	Upward Expansion	75	88
2025-08-22	3,065.77	2,565.78	11.22	258700	Upward Expansion	75	85
2025-08-15	3,007.83	2,538.50	7.69	457100	Upward Expansion	73	80
2025-08-08	3,099.57	2,515.63	15.51	417100	Upward Expansion	84	76
2025-08-01	2,843.68	2,490.89	9.07	290300	Deceleration	69	46
2025-07-25	2,733.60	2,478.28	3.53	217700	Deceleration	57	33
2025-07-18	2,675.67	2,469.62	5.74	258500	Deceleration	41	29
2025-07-11	2,642.84	2,462.86	5.44	296900	Deceleration	42	31
2025-07-04	2,658.29	2,453.87	5.81	287300	Upward Expansion	43	31
2025-06-27	2,756.78	2,442.75	9.21	297700	Upward Expansion	61	40
2025-06-20	2,684.36	2,427.01	11.49	431100	Upward Expansion	57	42
2025-06-13	2,610.01	2,417.54	10.30	316100	Upward Expansion	60	55
2025-06-06	2,695.95	2,416.82	14.47	350000	Upward Expansion	63	70
2025-05-30	2,834.03	2,414.91	20.12	739700	Upward Expansion	80	79
2025-05-23	2,698.84	2,401.16	17.37	501500	Upward Expansion	73	72
2025-05-16	2,629.32	2,389.62	12.86	659100	Balance	67	67
2025-05-09	2,622.56	2,383.76	13.45	315100	Balance	40	48
2025-05-02	2,462.27	2,378.52	8.32	210900	Balance	17	23
2025-04-25	2,492.21	2,380.52	12.90	277600	Balance	-0	5
2025-04-18	2,435.24	2,379.81	13.25	242800	Balance	-15	9
2025-04-11	2,276.88	2,374.44	9.26	475900	Balance	-40	19
2025-04-04	2,081.83	2,370.96	-0.86	478700	Balance	-51	21
2025-03-28	2,479.65	2,373.24	7.16	408000	Balance	26	29
2025-03-21	2,450.49	2,366.94	4.12	301200	Balance	11	17
2025-03-14	2,380.58	2,359.62	2.84	258900	Balance	-23	15
2025-03-07	2,408.55	2,353.36	4.52	473200	Rotation Down	3	7
2025-02-28	2,244.50	2,343.83	-3.18	335800	Rotation Down	-30	29
2025-02-21	2,286.44	2,339.39	-5.37	454900	Rotation Down	-28	39
2025-02-14	2,327.45	2,336.30	-4.44	932100	Rotation Down	-30	47
2025-02-07	2,169.93	2,334.53	-9.84	492900	Rotation Down	-32	52
2025-01-31	2,218.40	2,336.86	-9.55	451700	Balance	-25	37
2025-01-24	2,247.29	2,337.33	-9.09	367600	Balance	-19	23
2025-01-17	2,321.86	2,340.78	-2.09	318800	Balance	10	5
2025-01-10	2,357.28	2,343.44	-1.93	692900	Balance	29	17
2025-01-03	2,465.40	2,344.39	1.31	76100	Balance	46	26
2024-12-27	2,473.79	2,336.93	1.23	487500	Balance	36	15
2024-12-20	2,472.86	2,332.59	5.93	1002200	Balance	32	20
2024-12-13	2,373.13	2,332.36	0.32	1014300	Balance	23	20
2024-12-06	2,324.66	2,338.79	-0.24	3372000	Balance	24	15
2024-11-29	2,284.58	2,355.52	0.82	2641400	Rotation Up	28	19
2024-11-22	2,400.16	2,371.49	6.28	1621400	Rotation Up	25	27
2024-11-15	2,588.44	2,385.70	14.28	411500	Rotation Up	37	38
2024-11-08	2,638.77	2,394.56	14.83	193900	Rotation Up	47	35
2024-11-01	2,421.59	2,403.74	10.16	225400	Rotation Up	15	18
2024-10-25	2,352.62	2,414.98	8.01	137300	Rotation Up	17	31
2024-10-18	2,453.29	2,435.55	10.05	91900	Balance	19	34
2024-10-11	2,465.40	2,443.21	9.41	176100	Balance	2	23
2024-10-04	2,522.26	2,443.79	15.32	306500	Balance	9	21
2024-09-27	2,471.00	2,440.45	10.16	269600	Downward Expansion	-2	7
2024-09-20	2,274.09	2,432.66	7.50	161700	Downward Expansion	-38	23
2024-09-13	2,172.49	2,427.19	6.30	185600	Downward Expansion	-45	29
2024-09-06	2,150.32	2,420.46	6.18	243100	Downward Expansion	-50	31
2024-08-30	2,290.72	2,412.65	6.93	180000	Downward Expansion	-44	31
2024-08-23	2,230.68	2,399.24	5.28	143400	Rotation Down	-59	48
2024-08-16	2,192.81	2,377.54	4.68	430600	Rotation Down	-34	45
2024-08-09	2,122.61	2,355.88	10.53	338200	Rotation Down	-41	47
2024-08-02	2,111.53	2,335.65	7.77	327300	Rotation Down	-47	53
2024-07-26	2,193.73	2,314.88	7.17	287100	Rotation Down	-41	49
2024-07-19	2,274.09	2,289.96	4.84	198800	Deceleration	-23	41
2024-07-12	2,239.92	2,262.61	0.74	223900	Deceleration	-11	34
2024-07-05	2,232.53	2,235.90	1.35	306800	Deceleration	-11	32
2024-06-28	2,350.76	2,208.42	10.53	302400	Deceleration	1	19
2024-06-21	2,401.56	2,178.26	16.48	444500	Deceleration	3	23
2024-06-14	2,385.86	2,146.61	16.01	377200	Deceleration	6	25
2024-06-07	2,241.76	2,116.45	10.32	487900	Deceleration	-3	22
2024-05-31	2,343.37	2,091.44	16.70	1209900	Deceleration	27	24
2024-05-24	2,466.22	2,063.25	23.28	438400	Deceleration	40	28
2024-05-17	2,565.97	2,031.06	28.92	572600	Upward Expansion	47	42
2024-05-10	2,826.45	1,995.45	45.51	233400	Upward Expansion	63	59
2024-05-03	2,763.64	1,952.26	44.03	194500	Upward Expansion	64	63
2024-04-26	2,826.45	1,911.78	50.12	315900	Upward Expansion	66	65
2024-04-19	2,854.16	1,870.21	56.97	372300	Upward Expansion	68	68
2024-04-12	2,914.20	1,828.33	52.21	359300	Upward Expansion	79	72
2024-04-05	2,759.02	1,785.04	47.77	541300	Upward Expansion	72	70
2024-03-29	2,969.62	1,745.03	55.25	716900	Upward Expansion	96	85
2024-03-22	2,682.93	1,698.99	40.00	466200	Upward Expansion	93	86
2024-03-15	2,482.84	1,660.22	38.08	620100	Upward Expansion	90	94
2024-03-08	2,422.21	1,626.76	32.54	502200	Upward Expansion	96	98
2024-03-01	2,237.29	1,596.58	22.44	339900	Upward Expansion	94	98
2024-02-23	2,109.96	1,572.86	18.28	233100	Upward Expansion	95	98
2024-02-16	1,970.51	1,554.78	12.62	135900	Upward Expansion	93	97
2024-02-09	1,915.94	1,540.95	14.59	317100	Rotation Up	94	97
2024-02-02	1,888.66	1,528.14	15.76	736500	Rotation Up	67	80
2024-01-26	1,579.44	1,517.94	-1.59	171300	Balance	31	32
2024-01-19	1,543.06	1,513.15	-4.16	91800	Balance	-8	15
2024-01-12	1,515.78	1,504.88	-4.64	123600	Rotation Down	-23	16
2024-01-05	1,488.49	1,496.81	0.01	75000	Rotation Down	-38	21
2023-12-29	1,446.05	1,489.56	-2.77	141900	Rotation Down	-26	29
2023-12-22	1,453.63	1,483.17	-1.13	114600	Rotation Down	-29	36
2023-12-15	1,438.47	1,476.28	-1.22	179400	Rotation Down	-32	44
2023-12-08	1,408.16	1,469.34	-0.85	181200	Deceleration	-34	44
2023-12-01	1,446.05	1,462.92	-1.14	132600	Deceleration	-7	24
2023-11-24	1,452.12	1,457.03	-0.87	179100	Deceleration	-5	15
2023-11-17	1,480.91	1,451.34	1.59	133200	Deceleration	4	13
2023-11-10	1,491.53	1,445.04	5.95	270600	Deceleration	7	15
2023-11-03	1,497.59	1,437.88	8.91	309000	Deceleration	13	16
2023-10-27	1,500.62	1,428.93	13.04	211200	Deceleration	29	21
2023-10-20	1,497.59	1,422.62	12.42	162600	Deceleration	36	20
2023-10-13	1,530.94	1,412.90	11.74	128400	Upward Expansion	45	33
2023-10-06	1,549.12	1,401.11	18.47	229200	Upward Expansion	59	46

Price vs TrendAbove+11.5%

Trend directionRising+0.2%

Price vs current Fair ValuePremium+56.1%

Fair Value directionClosing upward+0.1%

Relative Strength vs benchmarkLeading+0.8%

Relative strength directionImproving+14.3%

Price momentumPositive+15.9%

Volume balanceDemand-led6.79×

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

77 / ±100

+128.7 points since 2026-08-28

Energy

77 /100

+30.0 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.

9960 Directional State ↗ 9960 Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance28

Rotation Up77

Upward Expansion89

Deceleration45

Rotation Down11

Downward Expansion18

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

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

Balance 22%Rotation Up 6%Upward Expansion 36%Deceleration 22%Rotation Down 10%Downward Expansion 5%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2026-09-25	2026-09-25	New	+0.0%
Balance	2026-09-11	2026-09-18	New	+6.9%
Downward Expansion	2026-08-28	2026-09-04	New	+2.5%
Balance	2026-08-07	2026-08-21	New	-5.9%
Rotation Up	2026-07-24	2026-07-31	New	-5.4%
Upward Expansion	2026-07-10	2026-07-17	New	-2.8%
Balance	2026-06-05	2026-07-03	Developing	+14.8%
Deceleration	2026-03-27	2026-05-29	Developing	-1.4%
Upward Expansion	2025-11-14	2026-03-20	Established	+18.5%
Deceleration	2025-10-24	2025-11-07	New	+2.1%
Upward Expansion	2025-08-08	2025-10-17	Developing	-3.0%
Deceleration	2025-07-11	2025-08-01	New	+7.6%
Upward Expansion	2025-05-23	2025-07-04	Developing	-1.5%
Balance	2025-03-14	2025-05-16	Developing	+10.4%

Classic Stage Analysis comparison

Stage 1 · Basing33

Stage 2 · Advancing86

Stage 3 · Distribution78

Stage 4 · Declining14

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

Leadership versus ^N225

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: 69/100
Current Relative Strength: 0.84
Relative Strength direction: Improving
Price momentum: +15.9%
Excess performance vs benchmark: -8.5%
Technology regime cohort: 65th percentile242 in cohort

Test 9960 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.02×

Latest completed volume relative to typical participation.

Up/down volume6.79×

Participation balance between advancing and declining observations.

Accumulation / distribution5 / 0

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+62.5%

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 9960 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity JPY 4,244.33rising

Slow Activity JPY 3,981.80rising

Trend Reference JPY 3,944.44+11.5% close margin

Current Fair Value JPY 2,819.06+56.1% close margin

Structural low JPY 3,600.00shock / 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 +4.9%

Annualized volatility +31.1%

From structural high -1.8%

From structural low +50.5%

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 ^N225	Regime survived	Read
Near term	29	+0.6%-20.7% to +26.0%	+51.7%	+51.7%	+0.3%	+72.4%	Usable descriptive sample
Intermediate	11	+8.9%-14.5% to +30.2%	+63.6%	+63.6%	-1.1%	+63.6%	Usable descriptive sample
Extended	6	+17.5%+8.7% to +31.1%	+100.0%	+100.0%	+9.2%	+33.3%	Usable descriptive sample
Full cycle	4	+37.2%+2.5% to +108.5%	+100.0%	+100.0%	+14.9%	+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.

9960 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