Weekly structural research ยท VIE ยท Consumer Cyclical

HD Stage Analysis

The Home Depot, Inc.

Week ending 25 Sep 2026Close EUR 256.60Tenure NewBenchmark ^ATX
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Downward Expansion ยท Early contraction

The weekly architecture is expanding downward.

Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation.

  • The Trend gate is down within the current regime.
  • Fast Activity versus Slow Activity: weakening.
  • Activity structure: wide and expanding.
Direction -84โˆ’100 bearish to +100 bullish
Energy 87/100directional strength
Maturity 14/100lifecycle context
Confidence 74/100evidence agreement
Trend gate Downstructural direction
Activity structure Wideexpanding separation
Price acceptance -100.0%position within the Activity structure
Fair Value context -18.0%EUR 312.98 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.
  • Downward ExpansionDowntrend is established.
View chart values ยท 156 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-09-25256.60283.68-29.560Downward Expansion-8487
2026-09-18262.55285.66-27.38132Downward Expansion-7177
2026-09-11266.20287.58-28.2580Downward Expansion-6867
2026-09-04274.90289.66-26.606Deceleration-5840
2026-08-28281.66291.26-24.950Deceleration-1716
2026-08-21285.63292.16-22.970Deceleration-814
2026-08-14289.89293.38-23.760Deceleration511
2026-08-07302.29294.62-20.230Rotation Up1312
2026-07-31285.08295.04-23.110Rotation Up-2117
2026-07-24290.95295.32-22.200Rotation Up2243
2026-07-17303.05295.30-18.430Rotation Up2658
2026-07-10300.20295.03-21.200Rotation Up2551
2026-07-03311.35295.13-19.870Downward Expansion4348
2026-06-26305.95294.79-19.890Downward Expansion624
2026-06-19291.20294.71-25.680Downward Expansion-2822
2026-06-12283.15294.74-25.210Downward Expansion-5639
2026-06-05269.10295.56-27.450Downward Expansion-6470
2026-05-29271.85297.17-28.090Downward Expansion-6577
2026-05-22267.20298.94-27.9663Downward Expansion-6579
2026-05-15255.25300.99-30.3152Downward Expansion-8685
2026-05-08270.71303.50-27.080Downward Expansion-7554
2026-05-01277.36305.11-24.760Downward Expansion-6947
2026-04-24286.77306.87-22.3010Downward Expansion-5945
2026-04-17292.82308.83-23.950Downward Expansion-6265
2026-04-10285.68310.70-24.600Downward Expansion-6679
2026-04-03276.96312.96-22.830Downward Expansion-7783
2026-03-27282.80315.40-19.210Downward Expansion-7477
2026-03-20279.65317.29-19.4919Balance-7965
2026-03-13297.65319.46-15.9110Balance-5132
2026-03-06305.82320.61-16.220Balance-3416
2026-02-27315.99321.26-18.430Rotation Up-419
2026-02-20320.36321.23-19.5431Rotation Up1626
2026-02-13328.55320.96-15.570Balance2728
2026-02-06322.99320.04-18.419Balance121
2026-01-30308.65319.55-22.070Downward Expansion-2228
2026-01-23322.00319.52-18.421Downward Expansion-1223
2026-01-16327.21318.99-17.260Downward Expansion-1715
2026-01-09314.90317.99-20.270Downward Expansion-5041
2026-01-02293.52317.63-25.8011Downward Expansion-6865
2025-12-26290.19318.40-26.040Downward Expansion-7666
2025-12-19295.00319.21-25.490Rotation Down-7259
2025-12-12303.34319.76-22.280Rotation Down-3965
2025-12-05301.11320.66-23.411Rotation Down-4271
2025-11-28303.36321.09-22.713Rotation Down-3266
2025-11-21292.13321.33-23.090Rotation Down-5272
2025-11-14307.94321.73-20.920Deceleration-4143
2025-11-07317.35321.60-17.600Deceleration-820
2025-10-31324.98320.90-17.250Deceleration1424
2025-10-24328.77320.69-14.380Deceleration2429
2025-10-17330.30320.44-12.910Deceleration3129
2025-10-10319.07319.98-18.0117Upward Expansion2620
2025-10-03330.35319.64-17.320Upward Expansion6149
2025-09-26345.37319.63-12.230Upward Expansion6779
2025-09-19349.11320.24-11.200Upward Expansion6986
2025-09-12353.30320.63-10.860Rotation Up8191
2025-09-05350.15321.45-11.000Rotation Up5579
2025-08-29339.56322.47-14.214Rotation Up4571
2025-08-22344.89323.94-16.20101Balance4563
2025-08-15332.07325.12-20.560Balance1326
2025-08-08325.32326.89-20.435Balance29
2025-08-01315.05328.30-18.690Downward Expansion-3419
2025-07-25312.41329.89-21.721Downward Expansion-4027
2025-07-18300.67331.61-23.450Downward Expansion-6242
2025-07-11308.44333.62-21.760Downward Expansion-5545
2025-07-04307.81336.14-20.450Downward Expansion-5651
2025-06-27305.95339.02-21.700Downward Expansion-5852
2025-06-20297.34341.91-22.680Downward Expansion-7156
2025-06-13304.14344.81-21.620Downward Expansion-6644
2025-06-06316.52346.99-20.443Downward Expansion-3925
2025-05-30314.61348.47-20.650Downward Expansion-4126
2025-05-23311.31349.64-20.840Downward Expansion-4630
2025-05-16330.45351.11-17.090Downward Expansion-4635
2025-05-09313.89352.28-19.000Downward Expansion-6152
2025-05-02310.78353.85-16.274Downward Expansion-6561
2025-04-25304.17355.26-17.0121Downward Expansion-6864
2025-04-18303.98356.66-14.141Downward Expansion-7267
2025-04-11296.40357.69-11.8856Downward Expansion-8488
2025-04-04318.40358.79-6.649Rotation Down-6887
2025-03-28321.32358.55-15.160Rotation Down-4379
2025-03-21316.51358.40-18.3824Rotation Down-5583
2025-03-14309.03358.43-21.430Rotation Down-6477
2025-03-07330.12358.59-16.3430Rotation Down-4642
2025-02-28363.55357.77-5.07108Balance611
2025-02-21360.70355.75-3.722Upward Expansion2116
2025-02-14378.02354.26-0.090Upward Expansion5644
2025-02-07380.63352.235.890Upward Expansion5950
2025-01-31383.71350.067.260Upward Expansion6549
2025-01-24380.39347.097.070Deceleration6241
2025-01-17385.26344.5810.531Deceleration5632
2025-01-10367.60342.289.400Deceleration3332
2025-01-03362.78340.258.240Deceleration3929
2024-12-27363.93337.779.510Upward Expansion4942
2024-12-20360.85335.3110.150Upward Expansion6460
2024-12-13383.96332.7715.650Upward Expansion6886
2024-12-06394.23329.8621.260Upward Expansion8292
2024-11-29392.74326.8622.960Upward Expansion8788
2024-11-22384.48323.7521.330Upward Expansion8772
2024-11-15369.41320.7916.4984Upward Expansion7967
2024-11-08361.06318.3014.6328Upward Expansion7265
2024-11-01349.65316.4712.250Upward Expansion6681
2024-10-25355.40315.2212.810Upward Expansion6887
2024-10-18365.53314.5815.050Upward Expansion8493
2024-10-11360.82313.9514.410Upward Expansion8593
2024-10-04353.05312.7412.558Upward Expansion8488
2024-09-27346.24311.769.580Rotation Up8481
2024-09-20335.06311.297.240Rotation Up4959
2024-09-13329.35310.875.970Balance4447
2024-09-06311.07310.450.730Balance2121
2024-08-30316.88310.58-1.570Balance1816
2024-08-23317.55310.31-0.410Balance1912
2024-08-16313.64309.95-0.0232Balance-36
2024-08-09305.54309.83-0.86175Balance-1111
2024-08-02303.02309.78-0.7910Balance817
2024-07-26315.88309.46-0.650Balance2125
2024-07-19317.17308.78-0.260Balance2522
2024-07-12315.60308.14-1.610Downward Expansion-517
2024-07-05294.54307.73-8.170Downward Expansion-3930
2024-06-28305.02307.39-2.370Rotation Down-2824
2024-06-21316.36306.371.802Rotation Down911
2024-06-14306.59304.660.3410Rotation Down-3032
2024-06-07288.53303.18-8.650Rotation Down-4053
2024-05-31290.20301.97-8.910Rotation Down-3941
2024-05-24284.40300.87-12.170Rotation Down-4347
2024-05-17296.93299.61-8.4897Deceleration-2945
2024-05-10304.03298.10-4.650Deceleration-532
2024-05-03299.48296.63-3.450Deceleration-435
2024-04-26295.70295.20-3.340Deceleration-1336
2024-04-19294.66294.27-3.170Deceleration222
2024-04-12306.11293.410.210Upward Expansion4137
2024-04-05312.35292.662.170Upward Expansion6256
2024-03-29336.19291.8111.210Upward Expansion7067
2024-03-22346.40290.1816.280Upward Expansion9289
2024-03-15324.65287.8812.310Upward Expansion6781
2024-03-08323.70286.3213.440Upward Expansion6882
2024-03-01332.15284.8317.000Upward Expansion9092
2024-02-23322.56282.9314.105Upward Expansion8486
2024-02-16316.55281.4611.800Upward Expansion7980
2024-02-09315.04279.8313.270Upward Expansion8084
2024-02-02308.65277.998.720Upward Expansion7381
2024-01-26306.96276.307.830Upward Expansion7376
2024-01-19309.97274.8312.780Upward Expansion8688
2024-01-12304.14273.059.230Upward Expansion8190
2024-01-05293.43271.484.540Upward Expansion6888
2023-12-29295.30270.235.120Upward Expansion7189
2023-12-22297.94268.856.880Upward Expansion8393
2023-12-15303.39267.2210.030Rotation Up9084
2023-12-08284.40265.354.670Rotation Up4142
2023-12-01274.25263.991.020Rotation Down2122
2023-11-24265.15262.88-0.5710Rotation Down-1314
2023-11-17262.17262.10-2.450Rotation Down-3336
2023-11-10252.28261.78-4.170Rotation Down-3262
2023-11-03257.13261.53-1.978Rotation Down-2865
2023-10-27246.68261.04-0.840Rotation Down-4874
2023-10-20251.72260.990.490Deceleration-4250
2023-10-13259.93260.64-0.135Deceleration-933
2023-10-06256.57260.25-0.840Deceleration021
Price vs TrendBelow-9.5%
Trend directionFalling-3.9%
Price vs current Fair ValueBelow anchor-18.0%
Fair Value directionMoving away-16.1%
Relative Strength vs benchmarkLagging-29.6%
Relative strength directionWeakening-9.7%
Price momentumNegative-9.3%
Volume balanceSupply-led0.00ร—
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

-84 / ยฑ100

-66.5 points since 2026-08-28

Energy

87 /100

+71.2 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
Balance16
Rotation Up8
Upward Expansion19
Deceleration37
Rotation Down86
Downward Expansion97

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 12%Rotation Up 9%Upward Expansion 24%Deceleration 14%Rotation Down 14%Downward Expansion 28%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Downward Expansion2026-09-112026-09-25New-3.6%
Deceleration2026-08-142026-09-04New-5.2%
Rotation Up2026-07-102026-08-07Developing+0.7%
Downward Expansion2026-03-272026-07-03Established+10.1%
Balance2026-03-062026-03-20New-8.6%
Rotation Up2026-02-202026-02-27New-1.4%
Balance2026-02-062026-02-13New+1.7%
Downward Expansion2025-12-262026-01-30Developing+6.4%
Rotation Down2025-11-212025-12-19Developing+1.0%
Deceleration2025-10-172025-11-14Developing-6.8%
Upward Expansion2025-09-192025-10-10New-8.6%
Rotation Up2025-08-292025-09-12New+4.0%
Balance2025-08-082025-08-22New+6.0%
Downward Expansion2025-04-112025-08-01Established+6.3%
Classic Stage Analysis comparison
Stage 1 ยท Basing51
Stage 2 ยท Advancing0
Stage 3 ยท Distribution29
Stage 4 ยท Declining100

Legacy result: Stage 4 ยท Stage 4A ยท Breakdown. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^ATX

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

Lagging benchmark

Architecture confirmation
85/100
Current Relative Strength
-29.56
Relative Strength direction
Weakening
Price momentum
-9.3%
Excess performance vs benchmark
-41.0%
Consumer Cyclical regime cohort
43th percentile46 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume0.00ร—

Latest completed volume relative to typical participation.

Up/down volume0.00ร—

Participation balance between advancing and declining observations.

Accumulation / distribution0 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+0.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+37.5%

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.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity EUR 264.22falling
Slow Activity EUR 282.27falling
Trend Reference EUR 283.68-9.5% close margin
Current Fair Value EUR 312.98-18.0% close margin
Structural low EUR 249.05shock / repair context
What changes the read?

Fan contraction and a persistent upward fast/slow rotation are required before the declining structure is considered repaired.

Range context +4.2%
Annualized volatility +23.4%
From structural high -25.8%
From structural low +3.0%
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 ^ATX Regime survived Read
Near term20+1.9%-6.8% to +11.0%+65.0%+35.0%+0.7%+70.0%Usable descriptive sample
Intermediate10+3.8%-16.1% to +19.9%+70.0%+30.0%+0.5%+60.0%Usable descriptive sample
Extended5+7.6%+3.2% to +23.2%+100.0%+0.0%+12.5%+20.0%Usable descriptive sample
Full cycle4+2.8%-5.3% to +28.9%+75.0%+25.0%-9.0%+75.0%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