Weekly structural research ยท GER ยท Financial Services

INN1 Stage Analysis

ING Groep N.V.

Week ending 2 Oct 2026Close EUR 30.69Tenure EstablishedBenchmark ^GDAXI
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: wide and contracting.
Direction 67โˆ’100 bearish to +100 bullish
Energy 65/100directional strength
Maturity 98/100lifecycle context
Confidence 92/100evidence agreement
Trend gate Upstructural direction
Activity structure Widecontracting separation
Price acceptance +83.3%position within the Activity structure
Fair Value context +69.8%EUR 18.07 ยท improving
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
2026-10-0230.6927.2319.23223191Upward Expansion6765
2026-09-2531.7826.9423.41145015Upward Expansion6968
2026-09-1831.7326.6824.55150318Upward Expansion7270
2026-09-1132.1026.4425.57128818Upward Expansion8573
2026-09-0431.9726.1423.69207343Upward Expansion9080
2026-08-2830.4525.8916.3620764Upward Expansion7289
2026-08-2129.8325.6816.6026851Upward Expansion6888
2026-08-1430.7825.4719.6520114Upward Expansion8795
2026-08-0730.4925.2519.8216838Upward Expansion9195
2026-07-3130.0025.0321.9238831Upward Expansion9193
2026-07-2428.5524.8119.3631574Upward Expansion7888
2026-07-1727.9724.6319.0233837Upward Expansion6983
2026-07-1028.0524.4719.1116867Upward Expansion7487
2026-07-0327.9124.2816.0823247Upward Expansion7678
2026-06-2627.2324.0719.1630516Upward Expansion6967
2026-06-1927.8723.8921.3433923Upward Expansion8276
2026-06-1225.9623.6515.6142548Upward Expansion6369
2026-06-0525.9623.5015.8431788Upward Expansion6573
2026-05-2926.7123.3418.33185171Upward Expansion7779
2026-05-2226.4323.1518.94267614Upward Expansion7877
2026-05-1525.3222.9319.20155942Upward Expansion6870
2026-05-0825.5422.7519.15329370Upward Expansion7269
2026-05-0124.7622.5716.51259752Balance6346
2026-04-2423.8322.4513.54225642Balance4133
2026-04-1724.7022.3715.65304959Balance4927
2026-04-1023.8722.2416.76324638Rotation Down2117
2026-04-0322.2722.1412.67263370Rotation Down-2131
2026-03-2721.0922.0611.51489180Upward Expansion-3038
2026-03-2021.2622.0112.56259263Upward Expansion-1226
2026-03-1321.8621.9811.04290803Upward Expansion1014
2026-03-0622.0321.9411.70573053Upward Expansion2416
2026-02-2723.9021.8713.58166523Upward Expansion5743
2026-02-2024.4021.6916.75280395Upward Expansion6951
2026-02-1323.1321.5112.95303483Upward Expansion6047
2026-02-0624.6321.3622.00497739Upward Expansion7765
2026-01-3024.1321.1621.33362179Upward Expansion7366
2026-01-2323.4320.9517.00248438Upward Expansion6765
2026-01-1624.3220.7720.25323335Upward Expansion8391
2026-01-0923.7020.5218.16560645Upward Expansion7890
2026-01-0223.5420.2921.5996685Upward Expansion8190
2025-12-2623.0820.1020.9668011Upward Expansion7886
2025-12-1923.0719.9222.01127355Upward Expansion8483
2025-12-1222.3719.7319.63255446Upward Expansion7762
2025-12-0521.8319.5918.32197976Upward Expansion7163
2025-11-2821.5819.4318.63218789Upward Expansion6861
2025-11-2120.7219.2918.31185827Upward Expansion5847
2025-11-1421.5719.1319.76230845Deceleration7352
2025-11-0721.2218.9119.93384090Deceleration5936
2025-10-3120.9818.6817.25401911Deceleration5227
2025-10-2419.9118.4610.37123595Upward Expansion4227
2025-10-1719.8018.3511.97137506Upward Expansion5042
2025-10-1020.1118.2512.08301564Upward Expansion6357
2025-10-0321.1618.1417.55248539Upward Expansion6977
2025-09-2621.4218.0122.56251202Upward Expansion8172
2025-09-1920.8617.8120.28147384Upward Expansion7562
2025-09-1220.7817.6219.79146407Upward Expansion7865
2025-09-0519.8117.4214.96116125Upward Expansion6466
2025-08-2919.6217.2412.56184009Upward Expansion6679
2025-08-2220.5617.0815.83128800Upward Expansion8089
2025-08-1520.5616.8816.09233150Upward Expansion8789
2025-08-0819.7716.6712.76218679Upward Expansion8284
2025-08-0118.5816.479.41256919Upward Expansion6576
2025-07-2519.1616.309.22195401Upward Expansion7982
2025-07-1818.6016.115.63162275Upward Expansion7272
2025-07-1118.4615.944.84248008Upward Expansion7254
2025-07-0418.0015.764.21182166Upward Expansion6440
2025-06-2717.8115.611.99186579Upward Expansion5234
2025-06-2016.8215.46-0.95161029Upward Expansion4532
2025-06-1317.0415.34-0.43209414Upward Expansion5945
2025-06-0617.6115.22-0.55368606Upward Expansion6468
2025-05-3017.6915.081.08203019Upward Expansion6776
2025-05-2317.5814.961.92488497Upward Expansion6778
2025-05-1617.9414.853.32349018Upward Expansion7780
2025-05-0917.2414.730.35334884Deceleration7058
2025-05-0217.3014.632.46652193Deceleration6934
2025-04-2515.9714.53-1.87589239Deceleration3530
2025-04-1814.9514.50-3.69690024Deceleration2627
2025-04-1114.3514.50-3.772144898Upward Expansion2418
2025-04-0414.4714.51-4.251555023Upward Expansion5045
2025-03-2816.6114.511.00592409Upward Expansion6888
2025-03-2116.6614.44-0.48600978Upward Expansion7490
2025-03-1416.8514.370.36708477Upward Expansion8995
2025-03-0717.1414.282.22980799Upward Expansion9898
2025-02-2815.5614.16-5.03495671Rotation Up8787
2025-02-2115.0414.10-6.91615480Rotation Up5170
2025-02-1414.8914.10-8.59581723Rotation Up4065
2025-02-0714.5014.09-7.93938268Rotation Up2753
2025-01-3114.5614.10-7.13288005Rotation Up3144
2025-01-2414.5814.10-5.36405815Downward Expansion3032
2025-01-1714.4214.08-4.09668135Downward Expansion-615
2025-01-1013.6814.06-5.85406399Downward Expansion-4024
2025-01-0313.6214.05-4.68193452Downward Expansion-4430
2024-12-2713.5014.07-5.88129528Downward Expansion-5738
2024-12-2013.2214.10-7.33303375Downward Expansion-6447
2024-12-1313.3014.14-9.19737524Downward Expansion-6360
2024-12-0613.4814.18-7.94505251Downward Expansion-6369
2024-11-2913.1914.20-6.52320207Downward Expansion-7377
2024-11-2213.2114.23-4.87225062Rotation Down-7575
2024-11-1513.4614.22-2.43237936Rotation Down-4658
2024-11-0813.4714.20-2.30243940Balance-3843
2024-11-0114.1714.172.64234589Balance614
2024-10-2514.1214.131.40137415Balance1615
2024-10-1814.3714.082.28167436Upward Expansion3315
2024-10-1114.3014.013.39235599Upward Expansion4627
2024-10-0414.4113.935.74195776Upward Expansion5542
2024-09-2714.8613.837.17281073Upward Expansion6156
2024-09-2015.0213.6912.97143182Upward Expansion7059
2024-09-1314.7413.5411.40115819Upward Expansion6142
2024-09-0614.3113.3910.80177591Deceleration4731
2024-08-3014.7113.2510.6095673Deceleration5127
2024-08-2314.3813.109.95113110Deceleration3724
2024-08-1614.1012.999.88170954Deceleration3519
2024-08-0913.6612.8810.26469030Upward Expansion4230
2024-08-0213.8012.7812.02289810Upward Expansion6352
2024-07-2614.9612.6916.75253858Upward Expansion7677
2024-07-1914.7712.5717.34196037Upward Expansion7465
2024-07-1214.7112.4513.78254828Deceleration7961
2024-07-0514.4912.3514.14232830Deceleration6446
2024-06-2814.0212.2412.33210888Deceleration5043
2024-06-2113.6412.1310.16299327Upward Expansion5249
2024-06-1413.4712.0310.21407610Upward Expansion6663
2024-06-0714.3911.9414.70509147Upward Expansion7072
2024-05-3114.3611.7915.35167473Upward Expansion7186
2024-05-2414.3711.6614.76274827Upward Expansion7791
2024-05-1714.5011.5116.20604187Upward Expansion8895
2024-05-1014.1111.3613.25473563Upward Expansion8892
2024-05-0313.9511.2417.30602253Upward Expansion9279
2024-04-2613.0911.139.73587878Upward Expansion7883
2024-04-1912.7511.059.94526663Upward Expansion7088
2024-04-1212.4910.976.97604134Upward Expansion6888
2024-04-0513.0610.9110.66437394Upward Expansion9096
2024-03-2912.7110.836.26280669Upward Expansion8994
2024-03-2212.2610.774.61431464Balance8786
2024-03-1511.7910.732.50722163Balance6852
2024-03-0811.3010.69-0.82474795Balance3321
2024-03-0110.6610.68-6.07427661Rotation Down-1521
2024-02-2310.6310.69-4.85391697Rotation Down-2939
2024-02-1610.3910.70-5.50571551Rotation Down-3143
2024-02-0910.0710.71-7.52724117Deceleration-4640
2024-02-0210.2110.72-6.401218727Deceleration-2226
2024-01-2610.9910.720.32574920Deceleration2821
2024-01-1910.6510.69-0.46380648Upward Expansion2616
2024-01-1210.7510.65-0.38614480Upward Expansion5336
2024-01-0511.0810.633.31617197Upward Expansion6269
2023-12-2911.3210.584.5683962Upward Expansion6678
2023-12-2211.4010.535.69327772Upward Expansion7480
2023-12-1511.4510.485.96447433Upward Expansion7875
2023-12-0811.2710.434.43393859Deceleration7549
2023-12-0110.7710.372.16243654Deceleration4428
2023-11-2410.6310.313.22509686Deceleration3318
2023-11-1710.6510.264.30415027Deceleration1814
2023-11-1010.1710.214.23672637Deceleration-1732
2023-11-0310.2810.195.87923581Deceleration319
2023-10-279.9210.145.82276211Deceleration-1121
2023-10-2010.0910.107.08243800Deceleration-211
2023-10-1310.4710.048.55263989Deceleration2920
Price vs TrendAbove+12.7%
Trend directionRising+9.8%
Price vs current Fair ValuePremium+69.8%
Fair Value directionClosing upward+0.1%
Relative Strength vs benchmarkLeading+19.2%
Relative strength directionImproving+3.1%
Price momentumPositive+37.8%
Volume balanceDemand-led1.44ร—
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

67 / ยฑ100

-23.8 points since 2026-09-04

Energy

65 /100

-15.2 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.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance6
Rotation Up59
Upward Expansion88
Deceleration66
Rotation Down27
Downward Expansion12

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

2023-10-13 to 2026-10-02 ยท 156 classified observations out of 156 shown.

Balance 6%Rotation Up 3%Upward Expansion 64%Deceleration 17%Rotation Down 5%Downward Expansion 6%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Upward Expansion2026-05-082026-10-02Established+20.1%
Balance2026-04-172026-05-01New+0.3%
Rotation Down2026-04-032026-04-10New+7.2%
Upward Expansion2025-11-212026-03-27Established+1.8%
Deceleration2025-10-312025-11-14New+2.8%
Upward Expansion2025-05-162025-10-24Established+11.0%
Deceleration2025-04-182025-05-09New+15.3%
Upward Expansion2025-03-072025-04-11Developing-16.3%
Rotation Up2025-01-312025-02-28Developing+6.9%
Downward Expansion2024-11-292025-01-24Developing+10.6%
Rotation Down2024-11-152024-11-22New-1.9%
Balance2024-10-252024-11-08New-4.6%
Upward Expansion2024-09-132024-10-18Developing-2.5%
Deceleration2024-08-162024-09-06New+1.5%
Classic Stage Analysis comparison
Stage 1 ยท Basing11
Stage 2 ยท Advancing100
Stage 3 ยท Distribution60
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 ^GDAXI

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
92/100
Current Relative Strength
19.23
Relative Strength direction
Improving
Price momentum
+37.8%
Excess performance vs benchmark
+28.9%
Financial Services regime cohort
93th percentile27 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume2.66ร—

Latest completed volume relative to typical participation.

Up/down volume1.44ร—

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 EUR 31.46rising
Slow Activity EUR 29.02rising
Trend Reference EUR 27.23+12.7% close margin
Current Fair Value EUR 18.07+69.8% close margin
Structural low EUR 22.12shock / 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 +3.3%
Annualized volatility +21.5%
From structural high -5.2%
From structural low +57.5%
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 movePositive periodsDirectional follow-through Median excess vs ^GDAXI Regime survived Read
Near term42+1.1%-24.6% to +19.6%+57.1%+57.1%+0.8%+76.2%Usable descriptive sample
Intermediate17+8.2%-19.4% to +23.1%+76.5%+76.5%+3.3%+70.6%Usable descriptive sample
Extended9+15.0%-20.8% to +45.1%+77.8%+77.8%+11.2%+66.7%Usable descriptive sample
Full cycle4+18.4%-8.9% to +28.5%+75.0%+75.0%+6.5%+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