Weekly structural research · NYSE · Basic Materials

PRM Stage Analysis

Perimeter Solutions SA

Week ending 9 Oct 2026Close USD 27.75Tenure NewBenchmark SPY

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Rotation Down · Supply rotation

The Activity Line structure is rotating downward.

Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion.

The Trend gate is mixed within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: compressed and expanding.

Direction -37−100 bearish to +100 bullish

Energy 47/100directional strength

Maturity 10/100lifecycle context

Confidence 66/100evidence agreement

Trend gate Mixedstructural direction

Activity structure Compressedexpanding separation

Price acceptance -83.3%position within the Activity structure

Fair Value context +66.0%USD 16.72 · weakening

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
2026-10-09	27.75	30.88	-12.01	5589777	Rotation Down	-37	47
2026-10-02	27.45	30.72	-11.83	8654289	Deceleration	-32	38
2026-09-25	29.11	30.58	-6.62	6998109	Deceleration	-7	17
2026-09-18	32.18	30.40	4.79	6073620	Deceleration	7	11
2026-09-11	31.56	30.21	3.12	4234952	Deceleration	8	13
2026-09-04	31.76	30.03	3.33	4803240	Deceleration	9	11
2026-08-28	30.62	29.87	0.04	4138590	Deceleration	8	6
2026-08-21	31.44	29.72	3.44	6938076	Deceleration	26	14
2026-08-14	33.90	29.62	10.58	5641689	Deceleration	33	18
2026-08-07	35.26	29.44	16.01	10028537	Deceleration	42	22
2026-07-31	30.61	29.25	5.13	12893455	Deceleration	30	18
2026-07-24	33.73	29.15	18.02	5910808	Upward Expansion	42	30
2026-07-17	34.42	28.96	20.86	7025334	Upward Expansion	54	38
2026-07-10	34.32	28.76	19.78	6020819	Upward Expansion	58	49
2026-07-03	33.92	28.56	21.18	6569229	Upward Expansion	61	64
2026-06-26	34.40	28.39	26.89	15321317	Upward Expansion	61	56
2026-06-19	37.78	28.17	37.77	8343853	Upward Expansion	82	68
2026-06-12	35.47	27.79	32.49	8382418	Upward Expansion	77	51
2026-06-05	30.16	27.45	14.86	5911607	Upward Expansion	60	46
2026-05-29	32.28	27.27	21.12	4544222	Upward Expansion	67	65
2026-05-22	31.10	26.98	19.83	6261463	Upward Expansion	64	72
2026-05-15	33.23	26.68	30.69	8117186	Upward Expansion	79	83
2026-05-08	31.77	26.34	26.96	10575741	Rotation Up	68	73
2026-05-01	30.47	25.98	26.23	5143853	Rotation Up	65	60
2026-04-24	30.85	25.71	30.77	5398783	Rotation Down	39	39
2026-04-17	27.80	25.40	20.18	5404645	Rotation Down	18	18
2026-04-10	25.48	25.20	16.52	4826863	Rotation Down	-16	21
2026-04-03	25.59	25.09	22.61	5654384	Rotation Down	-31	39
2026-03-27	21.34	24.99	7.06	5263691	Rotation Down	-45	70
2026-03-20	20.69	25.02	2.42	6073233	Rotation Down	-47	70
2026-03-13	22.76	24.98	11.72	4808543	Deceleration	-36	56
2026-03-06	23.53	24.84	15.05	7512741	Deceleration	-31	34
2026-02-27	23.48	24.66	13.86	6833762	Deceleration	-13	22
2026-02-20	26.64	24.40	29.88	3095213	Deceleration	27	22
2026-02-13	26.22	24.07	31.12	4113604	Deceleration	33	22
2026-02-06	26.94	23.76	34.65	4421948	Deceleration	40	26
2026-01-30	26.15	23.41	32.08	4485961	Upward Expansion	46	37
2026-01-23	28.22	23.05	44.73	2935343	Upward Expansion	59	47
2026-01-16	28.62	22.57	48.14	5033994	Upward Expansion	61	48
2026-01-09	29.64	22.06	54.80	3689901	Upward Expansion	72	55
2026-01-02	27.51	21.51	48.10	2295984	Upward Expansion	62	53
2025-12-26	28.08	21.02	51.66	2154589	Upward Expansion	66	60
2025-12-19	28.31	20.49	57.18	6260325	Upward Expansion	69	76
2025-12-12	28.41	19.94	60.19	6067627	Upward Expansion	73	83
2025-12-05	28.65	19.39	63.05	3690540	Upward Expansion	81	87
2025-11-28	27.88	18.82	61.70	3516365	Upward Expansion	81	85
2025-11-21	26.35	18.24	60.84	5461256	Upward Expansion	76	64
2025-11-14	25.33	17.70	53.75	4252865	Upward Expansion	72	57
2025-11-07	24.86	17.18	53.12	7092316	Upward Expansion	75	57
2025-10-31	23.51	16.69	43.98	9227978	Upward Expansion	67	50
2025-10-24	22.05	16.22	37.16	7890737	Upward Expansion	59	50
2025-10-17	22.92	15.82	46.44	5220824	Upward Expansion	74	63
2025-10-10	21.20	15.36	39.07	4013424	Upward Expansion	63	61
2025-10-03	22.32	14.96	44.05	4446988	Upward Expansion	71	67
2025-09-26	21.48	14.53	41.38	4881075	Upward Expansion	67	67
2025-09-19	21.89	14.17	44.76	5994328	Upward Expansion	68	70
2025-09-12	22.26	13.77	50.39	5744954	Upward Expansion	79	86
2025-09-05	22.37	13.42	55.14	6581846	Upward Expansion	88	90
2025-08-29	22.39	13.08	57.67	9534155	Upward Expansion	96	89
2025-08-22	19.48	12.75	38.78	4843905	Upward Expansion	89	75
2025-08-15	18.56	12.55	33.82	6769383	Upward Expansion	88	75
2025-08-08	18.00	12.39	32.13	6054797	Upward Expansion	89	78
2025-08-01	15.64	12.21	18.60	4731624	Upward Expansion	68	87
2025-07-25	16.86	12.11	25.53	4699428	Upward Expansion	82	93
2025-07-18	17.06	11.98	30.11	6218001	Upward Expansion	94	98
2025-07-11	16.22	11.84	25.83	6585513	Upward Expansion	95	98
2025-07-04	15.39	11.72	20.36	5588405	Rotation Up	94	97
2025-06-27	13.98	11.64	12.27	5521593	Rotation Up	58	82
2025-06-20	13.28	11.60	11.22	5268593	Rotation Up	42	70
2025-06-13	13.15	11.59	10.79	4606234	Rotation Up	45	70
2025-06-06	12.80	11.56	8.29	4594570	Rotation Up	43	67
2025-05-30	12.07	11.60	4.61	4700841	Balance	31	40
2025-05-23	11.73	11.65	4.07	4464298	Balance	6	27
2025-05-16	11.89	11.70	3.40	5465679	Downward Expansion	6	19
2025-05-09	11.62	11.75	6.90	5416269	Downward Expansion	-17	18
2025-05-02	10.51	11.80	-3.16	3708104	Downward Expansion	-40	26
2025-04-25	10.20	11.88	-2.83	4929876	Downward Expansion	-46	36
2025-04-18	9.81	11.98	-1.80	3008691	Downward Expansion	-49	40
2025-04-11	9.97	12.07	-1.18	7379295	Downward Expansion	-61	50
2025-04-04	9.35	12.14	-1.64	6409541	Downward Expansion	-69	60
2025-03-28	10.30	12.20	-1.13	8355951	Downward Expansion	-67	79
2025-03-21	9.04	12.24	-14.14	7539578	Downward Expansion	-78	91
2025-03-14	9.22	12.31	-11.63	5115042	Downward Expansion	-82	92
2025-03-07	9.38	12.37	-11.77	5532511	Rotation Down	-87	89
2025-02-28	10.58	12.39	-3.17	6480564	Rotation Down	-47	70
2025-02-21	10.00	12.36	-8.83	5304296	Balance	-56	66
2025-02-14	11.87	12.33	7.06	3514953	Balance	-5	15
2025-02-07	12.09	12.22	11.59	4312791	Balance	5	6
2025-01-31	12.50	12.08	16.39	4068263	Deceleration	29	19
2025-01-24	13.41	11.92	25.02	4395965	Deceleration	52	29
2025-01-17	13.86	11.74	33.30	9857323	Deceleration	52	27
2025-01-10	12.63	11.54	27.10	6853664	Deceleration	21	12
2025-01-03	12.40	11.37	24.17	2528736	Deceleration	23	15
2024-12-27	12.97	11.19	30.98	3128937	Deceleration	36	22
2024-12-20	12.93	11.01	33.27	11046412	Deceleration	35	22
2024-12-13	12.82	10.83	31.57	3637971	Deceleration	38	25
2024-12-06	12.74	10.67	31.83	3070949	Deceleration	39	24
2024-11-29	12.80	10.50	35.53	3457313	Upward Expansion	45	35
2024-11-22	13.13	10.31	42.68	5956657	Upward Expansion	50	43
2024-11-15	12.16	10.11	36.49	8017212	Upward Expansion	63	53
2024-11-08	13.97	9.94	55.82	5047647	Upward Expansion	79	77
2024-11-01	13.48	9.71	60.71	2241521	Upward Expansion	71	66
2024-10-25	13.32	9.52	60.00	1993855	Upward Expansion	69	65
2024-10-18	13.50	9.32	63.98	2717424	Upward Expansion	76	69
2024-10-11	12.92	9.08	61.71	2971358	Upward Expansion	68	70
2024-10-04	13.07	8.86	68.94	4193253	Upward Expansion	75	73
2024-09-27	13.24	8.64	75.05	4009170	Upward Expansion	84	73
2024-09-20	12.50	8.40	69.25	3565769	Upward Expansion	81	77
2024-09-13	11.97	8.18	66.85	2709583	Upward Expansion	78	82
2024-09-06	11.12	7.97	63.16	1780686	Upward Expansion	68	85
2024-08-30	11.71	7.77	66.84	3366376	Upward Expansion	84	93
2024-08-23	11.10	7.55	60.45	4824388	Upward Expansion	83	91
2024-08-16	10.80	7.33	60.08	2896966	Upward Expansion	86	91
2024-08-09	10.25	7.10	59.63	4260343	Upward Expansion	86	84
2024-08-02	9.69	6.90	52.33	7625600	Upward Expansion	87	80
2024-07-26	8.96	6.72	38.90	3255031	Upward Expansion	84	75
2024-07-19	8.47	6.57	31.12	3622274	Upward Expansion	77	62
2024-07-12	7.97	6.44	21.56	2982851	Upward Expansion	66	50
2024-07-05	7.85	6.32	21.29	1677574	Upward Expansion	64	48
2024-06-28	7.83	6.20	23.48	3967098	Upward Expansion	64	44
2024-06-21	7.79	6.09	22.85	2769584	Upward Expansion	64	42
2024-06-14	7.50	5.97	19.19	2120787	Upward Expansion	57	41
2024-06-07	7.12	5.86	14.95	2137333	Upward Expansion	59	50
2024-05-31	7.60	5.73	23.82	2573455	Upward Expansion	61	59
2024-05-24	7.58	5.58	23.03	3883069	Upward Expansion	61	58
2024-05-17	7.97	5.44	29.51	4484926	Upward Expansion	78	64
2024-05-10	7.60	5.28	25.55	2763731	Upward Expansion	73	58
2024-05-03	7.09	5.13	18.79	2821081	Upward Expansion	62	56
2024-04-26	7.06	5.02	18.20	4924405	Upward Expansion	64	64
2024-04-19	7.02	4.94	19.78	2678117	Upward Expansion	66	70
2024-04-12	7.25	4.87	19.13	2546108	Upward Expansion	69	75
2024-04-05	7.79	4.82	25.34	3101273	Upward Expansion	91	92
2024-03-29	7.42	4.74	17.80	6804060	Upward Expansion	91	88
2024-03-22	6.22	4.69	-1.81	3279304	Upward Expansion	68	85
2024-03-15	6.25	4.67	-0.33	3864522	Upward Expansion	73	89
2024-03-08	6.35	4.65	0.08	2757380	Rotation Up	82	93
2024-03-01	6.24	4.63	-3.08	4092790	Rotation Up	60	84
2024-02-23	5.80	4.63	-10.34	3892255	Rotation Up	54	78
2024-02-16	5.72	4.62	-11.54	4926728	Rotation Up	59	75
2024-02-09	5.12	4.61	-22.29	2637524	Balance	35	46
2024-02-02	4.99	4.62	-24.51	4799982	Balance	13	16
2024-01-26	4.53	4.64	-31.77	3440332	Balance	-14	13
2024-01-19	4.07	4.70	-39.25	2747809	Balance	-28	18
2024-01-12	4.16	4.75	-38.44	4099496	Balance	-11	12
2024-01-05	4.22	4.82	-37.59	4033211	Balance	-9	16
2023-12-29	4.60	4.90	-34.33	3081472	Balance	-3	17
2023-12-22	4.59	4.94	-35.47	5854349	Downward Expansion	-17	23
2023-12-15	4.39	4.98	-38.81	9464239	Downward Expansion	-28	27
2023-12-08	4.20	5.04	-41.07	6950289	Downward Expansion	-33	32
2023-12-01	4.41	5.13	-39.17	8463249	Downward Expansion	-40	29
2023-11-24	4.21	5.23	-42.67	2879790	Downward Expansion	-49	42
2023-11-17	4.11	5.34	-44.63	7269656	Downward Expansion	-64	59
2023-11-10	3.38	5.45	-54.23	12978565	Downward Expansion	-68	83
2023-11-03	3.19	5.58	-57.08	8502451	Downward Expansion	-71	89
2023-10-27	3.11	5.71	-56.52	5258329	Downward Expansion	-79	92
2023-10-20	3.16	5.88	-57.54	6820874	Downward Expansion	-85	94

Price vs TrendBelow-10.1%

Trend directionRising+5.6%

Price vs current Fair ValuePremium+66.0%

Fair Value directionMoving away-70.3%

Relative Strength vs benchmarkLagging-12.0%

Relative strength directionWeakening-31.8%

Price momentumPositive+8.9%

Volume balanceSupply-led0.60×

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

-37 / ±100

-45.0 points since 2026-09-11

Energy

47 /100

+33.6 points since 2026-09-11

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

PRM Directional State ↗ PRM Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance35

Rotation Up19

Upward Expansion17

Deceleration45

Rotation Down64

Downward Expansion59

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

2023-10-20 to 2026-10-09 · 156 classified observations out of 156 shown.

Balance 8%Rotation Up 7%Upward Expansion 51%Deceleration 16%Rotation Down 6%Downward Expansion 13%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Rotation Down	2026-10-09	2026-10-09	New	+0.0%
Deceleration	2026-07-31	2026-10-02	Developing	-10.3%
Upward Expansion	2026-05-15	2026-07-24	Developing	+1.5%
Rotation Up	2026-05-01	2026-05-08	New	+4.3%
Rotation Down	2026-03-20	2026-04-24	Developing	+49.1%
Deceleration	2026-02-06	2026-03-13	Developing	-15.5%
Upward Expansion	2025-07-11	2026-01-30	Extended	+61.2%
Rotation Up	2025-06-06	2025-07-04	Developing	+20.2%
Balance	2025-05-23	2025-05-30	New	+2.9%
Downward Expansion	2025-03-14	2025-05-16	Developing	+29.0%
Rotation Down	2025-02-28	2025-03-07	New	-11.3%
Balance	2025-02-07	2025-02-21	New	-17.3%
Deceleration	2024-12-06	2025-01-31	Developing	-1.9%
Upward Expansion	2024-03-15	2024-11-29	Extended	+104.8%

Classic Stage Analysis comparison

Stage 1 · Basing12

Stage 2 · Advancing40

Stage 3 · Distribution63

Stage 4 · Declining60

Legacy result: Stage 3 · Stage 3C · Breakdown watch. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus SPY

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: 91/100
Current Relative Strength: -12.01
Relative Strength direction: Weakening
Price momentum: +8.9%
Excess performance vs benchmark: -6.0%
Basic Materials regime cohort: 57th percentile7 in cohort

Test PRM trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.78×

Latest completed volume relative to typical participation.

Up/down volume0.60×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+25.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+25.0%

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 PRM Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity USD 28.79falling

Slow Activity USD 31.69falling

Trend Reference USD 30.88-10.1% close margin

Current Fair Value USD 16.72+66.0% close margin

Structural low USD 25.00shock / repair context

What changes the read?

Complete bearish ordering below the Trend Line confirms Downward Expansion; a repaired fast/slow cross and upside acceptance cancel the failure.

Range context +13.7%

Annualized volatility +50.0%

From structural high -27.3%

From structural low +40.9%

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 SPY	Regime survived	Read
Near term	3	+19.5%-2.6% to +34.4%	+66.7%	+33.3%	+15.4%	+33.3%	Too little matched history
Intermediate	2	+48.3%+14.1% to +82.6%	+100.0%	+0.0%	+40.9%	+0.0%	Too little matched history
Extended	2	+83.6%+55.5% to +111.6%	+100.0%	+0.0%	+70.1%	+0.0%	Too little matched history
Full cycle	1	+121.9%+121.9% to +121.9%	+100.0%	+0.0%	+105.1%	+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.

PRM Stage Analysis

What the Activity Line geometry says now

The Activity Line structure is rotating downward.

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

Lagging 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 downward.

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 ?

Lagging 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