Weekly structural research ยท LSE ยท Technology

GHH Stage Analysis

Gooch & Housego PLC

Week ending 2 Oct 2026Close GBP 1,225.00Tenure DevelopingBenchmark ^FTSE
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Upward Expansion ยท Re-accelerating

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 65โˆ’100 bearish to +100 bullish
Energy 61/100directional strength
Maturity 69/100lifecycle context
Confidence 79/100evidence agreement
Trend gate Upstructural direction
Activity structure Widecontracting separation
Price acceptance +33.3%position within the Activity structure
Fair Value context +96.4%GBP 623.60 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
2026-10-021,225.001,019.7342.25577504Upward Expansion6561
2026-09-251,225.001,004.6340.919267733Upward Expansion6561
2026-09-181,205.00991.7940.841004161Upward Expansion5056
2026-09-111,205.00976.6242.771683388Upward Expansion6161
2026-09-041,205.00961.5242.251982332Upward Expansion6368
2026-08-281,210.00946.3544.83220377Upward Expansion6580
2026-08-211,205.00929.3546.4585849Upward Expansion6686
2026-08-141,210.00911.4550.1634206Upward Expansion6587
2026-08-071,220.00891.7851.56319008Upward Expansion7189
2026-07-311,220.00871.6453.94101117Upward Expansion7989
2026-07-241,220.00851.5757.66149981Deceleration8172
2026-07-171,210.00831.1760.40173362Deceleration7541
2026-07-10848.00810.8314.8871535Deceleration1521
2026-07-03860.00802.5614.91115639Deceleration3020
2026-06-26936.00793.4927.5031510Upward Expansion4432
2026-06-19936.00779.0929.9545913Upward Expansion6049
2026-06-12987.08764.0936.5263528Upward Expansion6457
2026-06-05951.26748.8534.00104640Upward Expansion6665
2026-05-291,079.95734.9452.81500374Upward Expansion8788
2026-05-221,009.95718.0743.90274807Upward Expansion8177
2026-05-15947.95703.2040.15341936Upward Expansion7472
2026-05-08925.95689.4737.73266203Upward Expansion7375
2026-05-01899.96678.1333.70357497Upward Expansion7073
2026-04-24869.96668.2630.57562169Upward Expansion6664
2026-04-17875.96658.3929.43279704Deceleration7053
2026-04-10885.96647.5933.22409250Deceleration7550
2026-04-03761.96636.3917.621320855Deceleration4332
2026-03-27751.96628.7922.53344036Upward Expansion5540
2026-03-20763.96620.2225.96659297Upward Expansion6151
2026-03-13739.96611.3518.81317983Upward Expansion6458
2026-03-06771.96603.3524.50347907Upward Expansion6781
2026-02-27839.96597.0228.59494226Upward Expansion8994
2026-02-20749.96589.6818.19378247Upward Expansion7385
2026-02-13751.96584.8121.99486619Upward Expansion8087
2026-02-06749.96580.8123.49668447Upward Expansion8684
2026-01-30699.97576.1417.77856401Upward Expansion8175
2026-01-23667.89573.1413.93406874Rotation Up7869
2026-01-16619.90571.545.25389189Rotation Up3652
2026-01-09615.90570.345.83204401Rotation Up3553
2026-01-02617.90568.808.24122836Rotation Up3551
2025-12-26607.90566.407.40110351Balance2330
2025-12-19599.90563.735.68173656Balance1820
2025-12-12599.90561.008.35258689Balance-146
2025-12-05587.90558.205.95371644Balance-3331
2025-11-28503.92553.27-9.63130449Balance-5756
2025-11-21485.92550.17-11.31179060Balance-3842
2025-11-14529.91546.53-5.01160792Balance-1110
2025-11-07533.91541.36-4.36256289Deceleration98
2025-10-31573.90536.562.36139514Deceleration4519
2025-10-24563.91530.061.34190811Deceleration3419
2025-10-17535.91526.73-0.38222928Deceleration2820
2025-10-10585.90524.268.45829771Deceleration4231
2025-10-03603.90519.4011.45287103Deceleration4831
2025-09-26573.90514.688.88630325Deceleration3319
2025-09-19551.91510.615.95311172Deceleration910
2025-09-12549.91506.915.03115711Deceleration418
2025-09-05533.91502.842.91277771Deceleration324
2025-08-29494.92499.54-4.27146907Deceleration-424
2025-08-22497.92497.69-5.12169643Deceleration1220
2025-08-15499.92496.06-2.90244111Upward Expansion2519
2025-08-08581.90495.6513.56244402Upward Expansion5143
2025-08-01619.90491.3821.53318081Upward Expansion6655
2025-07-25603.90487.3818.13469644Upward Expansion6558
2025-07-18631.89484.1825.82160290Upward Expansion7581
2025-07-11609.90479.7922.67174363Upward Expansion7082
2025-07-04609.90476.9224.78195983Upward Expansion7383
2025-06-27619.90472.9127.69575434Upward Expansion8285
2025-06-20583.90467.5421.12144015Upward Expansion7782
2025-06-13569.86463.3617.36387185Rotation Up7780
2025-06-06545.86460.9912.56600044Rotation Up4665
2025-05-30527.87458.259.48125435Rotation Up3442
2025-05-23517.87456.587.78217300Downward Expansion3235
2025-05-16515.87452.787.35465795Downward Expansion-111
2025-05-09439.89448.68-7.30424097Downward Expansion-5133
2025-05-02410.90448.01-14.28126816Downward Expansion-5964
2025-04-25376.91447.28-20.24130540Downward Expansion-6474
2025-04-18374.91448.24-19.95120086Downward Expansion-6969
2025-04-11389.90450.47-14.18381122Balance-6455
2025-04-04378.91452.97-18.05262410Balance-4233
2025-03-28463.88455.18-7.38104543Balance36
2025-03-21461.88455.11-8.01329931Balance67
2025-03-14439.89455.11-12.67282255Balance-57
2025-03-07462.38455.61-9.13136940Rotation Down-39
2025-02-28451.89456.32-12.79265133Rotation Down-1728
2025-02-21440.89457.15-13.73185142Rotation Down-1939
2025-02-14427.89457.81-17.32142263Balance-2636
2025-02-07434.89459.21-16.53171410Balance-2021
2025-01-31439.39460.51-16.31253793Balance-816
2025-01-24448.89461.59-13.72124435Balance2015
2025-01-17487.79462.48-7.13203306Balance3618
2025-01-10453.80463.35-11.51176044Rotation Up3521
2025-01-03499.78465.88-3.0147289Rotation Up3043
2024-12-27507.78467.48-1.0522895Rotation Up3345
2024-12-20500.28469.34-2.16123113Rotation Up3035
2024-12-13523.77472.32-0.67155530Balance3335
2024-12-06489.79473.45-7.63213386Balance2323
2024-11-29458.80475.92-13.68205320Balance-517
2024-11-22458.30479.28-13.83103071Balance-521
2024-11-15498.79482.33-4.27252575Downward Expansion-117
2024-11-08463.80483.83-11.21254157Downward Expansion-2716
2024-11-01477.79486.36-9.99292281Downward Expansion-3024
2024-10-25403.83488.89-24.73737913Downward Expansion-6260
2024-10-18392.83492.75-28.16115250Downward Expansion-7076
2024-10-11419.82497.65-22.75250941Downward Expansion-6372
2024-10-04388.83500.44-29.05208040Downward Expansion-8178
2024-09-27405.83503.64-26.79171196Downward Expansion-7868
2024-09-20441.81505.90-19.79149922Downward Expansion-6544
2024-09-13464.80507.57-16.34130774Downward Expansion-5638
2024-09-06445.31512.93-19.16110590Downward Expansion-6546
2024-08-30461.80519.21-18.46143203Downward Expansion-5838
2024-08-23461.80525.34-18.30633029Downward Expansion-5939
2024-08-16454.80530.87-19.731029833Downward Expansion-6643
2024-08-09483.79535.43-13.60125028Downward Expansion-5942
2024-08-02476.79539.62-15.27265652Downward Expansion-6254
2024-07-26460.80543.45-19.55722796Downward Expansion-7074
2024-07-19469.80547.91-17.12104833Downward Expansion-6875
2024-07-12473.80551.90-17.84226271Downward Expansion-7075
2024-07-05471.80555.83-18.22189958Downward Expansion-7474
2024-06-28475.80559.09-17.6996173Balance-7362
2024-06-21513.78560.22-12.48267029Balance-4830
2024-06-14529.72560.15-9.26747348Balance-3514
2024-06-07547.71559.15-7.741048692Balance815
2024-05-31563.70557.61-5.7068175Balance1426
2024-05-24589.69554.88-2.01234989Balance3429
2024-05-17557.71551.95-8.48112693Balance1713
2024-05-10563.70550.38-7.83174173Balance89
2024-05-03559.71548.91-6.19166154Balance47
2024-04-26549.71547.64-7.17621412Balance-27
2024-04-19543.71545.81-5.30211841Balance-47
2024-04-12539.72544.40-7.07122228Balance36
2024-04-05553.71543.27-3.58188281Upward Expansion-17
2024-03-29519.73541.93-9.72217370Upward Expansion-1728
2024-03-22539.72541.80-5.82205855Upward Expansion-2143
2024-03-15503.74541.16-9.57201242Upward Expansion-2238
2024-03-08484.75542.36-12.16552812Upward Expansion-2938
2024-03-01473.75544.82-14.39236125Upward Expansion-2024
2024-02-23491.74547.55-11.501002812Upward Expansion1311
2024-02-16625.67550.3812.56470331Upward Expansion6257
2024-02-09633.67549.1816.39407917Upward Expansion6657
2024-02-02645.66548.0418.29178801Upward Expansion7663
2024-01-26627.67546.4715.03165257Rotation Up7456
2024-01-19591.69546.2711.24189092Rotation Up3546
2024-01-12609.59547.1012.37175132Rotation Up4666
2024-01-05591.60547.908.381618898Rotation Up3866
2023-12-29594.60548.038.5133940Rotation Up3462
2023-12-22589.61546.968.23221318Rotation Up3351
2023-12-15591.60545.6310.51199118Downward Expansion3533
2023-12-08569.62545.036.98305629Downward Expansion712
2023-12-01509.66544.96-3.66125987Downward Expansion-3722
2023-11-24511.66547.09-2.58280677Downward Expansion-5132
2023-11-17499.67547.22-4.89308070Downward Expansion-5437
2023-11-10501.67547.69-2.51274430Downward Expansion-5438
2023-11-03481.68548.09-7.02156549Downward Expansion-6741
2023-10-27501.67547.35-1.48112155Downward Expansion-4929
2023-10-20510.66545.57-1.18154257Rotation Down-4631
2023-10-13519.65543.10-2.07187821Rotation Down-2928
Price vs TrendAbove+20.1%
Trend directionRising+19.7%
Price vs current Fair ValuePremium+96.4%
Fair Value directionClosing upward+45.5%
Relative Strength vs benchmarkLeading+42.3%
Relative strength directionImproving+27.3%
Price momentumPositive+60.8%
Volume balanceDemand-led4.51ร—
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

65 / ยฑ100

+2.5 points since 2026-09-04

Energy

61 /100

-7.2 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
Balance22
Rotation Up46
Upward Expansion81
Deceleration69
Rotation Down30
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 21%Rotation Up 11%Upward Expansion 31%Deceleration 12%Rotation Down 3%Downward Expansion 22%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Upward Expansion2026-07-312026-10-02Developing+0.4%
Deceleration2026-07-032026-07-24New+41.9%
Upward Expansion2026-04-242026-06-26Developing+7.6%
Deceleration2026-04-032026-04-17New+15.0%
Upward Expansion2026-01-302026-03-27Developing+7.4%
Rotation Up2026-01-022026-01-23New+8.1%
Balance2025-11-142025-12-26Developing+14.7%
Deceleration2025-08-222025-11-07Developing+7.2%
Upward Expansion2025-06-202025-08-15Developing-14.4%
Rotation Up2025-05-302025-06-13New+8.0%
Downward Expansion2025-04-182025-05-23Developing+38.1%
Balance2025-03-142025-04-11Developing-11.4%
Rotation Down2025-02-212025-03-07New+4.9%
Balance2025-01-172025-02-14Developing-12.3%
Classic Stage Analysis comparison
Stage 1 ยท Basing18
Stage 2 ยท Advancing100
Stage 3 ยท Distribution52
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 ^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
100/100
Current Relative Strength
42.25
Relative Strength direction
Improving
Price momentum
+60.8%
Excess performance vs benchmark
+60.5%
Technology regime cohort
33th percentile33 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume0.69ร—

Latest completed volume relative to typical participation.

Up/down volume4.51ร—

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 1

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+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.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity GBP 1,217.00rising
Slow Activity GBP 1,105.90rising
Trend Reference GBP 1,019.73+20.1% close margin
Current Fair Value GBP 623.60+96.4% close margin
Structural low GBP 739.96shock / 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 +3.9%
Annualized volatility +60.0%
From structural high -2.0%
From structural low +164.6%
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 ^FTSE Regime survived Read
Near term21+1.2%-26.6% to +29.3%+52.4%+52.4%+2.4%+71.4%Usable descriptive sample
Intermediate7-5.3%-18.0% to +35.6%+28.6%+28.6%-8.2%+42.9%Usable descriptive sample
Extended5-6.9%-26.2% to +74.3%+40.0%+40.0%-10.1%+20.0%Usable descriptive sample
Full cycle3+7.3%-39.2% to +60.3%+66.7%+66.7%-1.8%+33.3%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