Weekly structural research ยท NYSE ยท Energy

BP Stage Analysis

BP PLC ADR

Week ending 9 Oct 2026Close USD 46.25Tenure NewBenchmark SPY
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Rotation Up ยท Value reclamation

The Activity Line structure is rotating upward.

Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair.

  • The Trend gate is mixed within the current regime.
  • Fast Activity versus Slow Activity: improving.
  • Activity structure: moderate and expanding.
Direction 38โˆ’100 bearish to +100 bullish
Energy 33/100directional strength
Maturity 13/100lifecycle context
Confidence 60/100evidence agreement
Trend gate Mixedstructural direction
Activity structure Moderateexpanding separation
Price acceptance +83.3%position within the Activity structure
Fair Value context +37.2%USD 33.72 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
2026-10-0946.2543.335.3346273434Rotation Up3833
2026-10-0244.7943.193.5339195045Rotation Up2937
2026-09-2544.1543.032.1254874478Rotation Up1934
2026-09-1844.5842.844.6052179796Rotation Up2033
2026-09-1146.1042.618.3931466621Balance4042
2026-09-0443.8142.302.5850602623Balance2621
2026-08-2842.1542.11-1.0050287679Balance1815
2026-08-2144.7641.945.7047645679Balance5235
2026-08-1442.5341.64-0.7331757589Balance921
2026-08-0741.1341.37-3.7644081138Balance620
2026-07-3144.6741.118.2846256415Balance2224
2026-07-2443.2940.796.4831286762Rotation Down1012
2026-07-1741.3940.461.5737371376Rotation Down-2451
2026-07-1038.7340.19-6.2241503556Rotation Down-2661
2026-07-0337.4040.04-8.1665685306Rotation Down-3661
2026-06-2637.1339.96-6.7652552444Deceleration-3943
2026-06-1939.1039.90-4.0238945523Deceleration-1019
2026-06-1242.7839.776.0635137569Deceleration2918
2026-06-0542.9739.537.3935044001Deceleration3319
2026-05-2941.8739.272.4366189090Deceleration3722
2026-05-2244.3639.0010.4133241868Upward Expansion4432
2026-05-1544.3538.6311.8026042035Upward Expansion4839
2026-05-0842.8638.228.7345933821Upward Expansion5041
2026-05-0145.8937.8719.5358779556Upward Expansion6758
2026-04-2445.7437.4320.9737193897Upward Expansion6862
2026-04-1744.0937.0517.8557960019Upward Expansion6765
2026-04-1045.9236.6828.8160684147Upward Expansion7188
2026-04-0346.6036.2436.44122424603Upward Expansion8393
2026-03-2746.1635.7740.73107994583Upward Expansion9095
2026-03-2044.2835.3632.74115844702Upward Expansion8993
2026-03-1342.2035.0024.6985937351Upward Expansion8785
2026-03-0639.9934.7016.7473014981Upward Expansion8072
2026-02-2738.4334.4410.2440983563Upward Expansion7272
2026-02-2037.7634.177.9034429001Upward Expansion6975
2026-02-1336.7633.936.3065432361Upward Expansion6071
2026-02-0638.0833.728.7149471857Upward Expansion8178
2026-01-3036.9733.485.5642539582Deceleration7154
2026-01-2335.6633.232.4128520637Deceleration5934
2026-01-1634.5333.00-1.0348600245Deceleration3315
2026-01-0933.4732.83-4.3963920319Deceleration2116
2026-01-0234.9732.721.4224503954Deceleration4023
2025-12-2633.4532.48-3.8823450347Deceleration3020
2025-12-1933.1332.29-3.3353072807Upward Expansion3523
2025-12-1234.4232.100.6932733909Upward Expansion5945
2025-12-0534.9731.901.8934338160Upward Expansion6463
2025-11-2835.2431.663.2818968142Upward Expansion6879
2025-11-2135.1231.367.0040318820Upward Expansion6878
2025-11-1435.6631.106.8334724331Upward Expansion8080
2025-11-0735.2230.795.9743044931Deceleration7953
2025-10-3133.8330.450.4133934032Deceleration5532
2025-10-2433.2630.20-0.4831882334Deceleration4526
2025-10-1731.9030.15-2.7230066023Deceleration4130
2025-10-1032.2530.160.0029373062Upward Expansion4539
2025-10-0332.8930.12-0.5229170706Upward Expansion5746
2025-09-2634.3730.034.9632333762Upward Expansion7657
2025-09-1932.8629.910.1132286079Upward Expansion6050
2025-09-1232.6329.870.5432576589Upward Expansion6467
2025-09-0532.6729.862.1532577337Upward Expansion6577
2025-08-2933.9229.766.2734519475Upward Expansion7887
2025-08-2233.4529.584.6429071462Upward Expansion8083
2025-08-1533.0629.433.5636787226Upward Expansion8277
2025-08-0832.4029.302.3055953715Rotation Up8067
2025-08-0130.1429.19-2.7331528833Rotation Up2344
2025-07-2530.5629.12-4.0845731014Rotation Up2849
2025-07-1830.3628.99-3.6527944307Rotation Up2745
2025-07-1130.9828.85-1.4443644758Balance3547
2025-07-0429.3628.74-7.1228004066Balance1724
2025-06-2728.8028.64-7.82118107870Balance1920
2025-06-2029.6628.58-2.2443082897Balance1819
2025-06-1330.1128.51-1.2746819311Balance2015
2025-06-0627.8028.39-9.4235736240Balance-89
2025-05-3027.6228.35-8.9723749250Balance-810
2025-05-2327.6128.32-7.9937192863Rotation Down-1212
2025-05-1628.2528.35-8.7751819889Rotation Down-1617
2025-05-0927.8128.35-6.0189098120Rotation Down-2133
2025-05-0226.2728.40-12.1161634163Rotation Down-2654
2025-04-2527.2728.51-6.8249380459Rotation Down-2240
2025-04-1826.4528.55-6.1143463309Rotation Down-2739
2025-04-1124.8428.66-13.6984631902Rotation Down-3734
2025-04-0426.5128.79-3.4260431829Rotation Down1010
2025-03-2831.6328.874.2545696898Upward Expansion6348
2025-03-2132.2728.844.5397302220Upward Expansion7654
2025-03-1431.1928.801.2749568488Upward Expansion6550
2025-03-0729.9628.79-5.2954567806Rotation Up6268
2025-02-2830.9428.79-5.5856884115Rotation Up3869
2025-02-2131.6628.78-4.6445258003Rotation Up5374
2025-02-1432.2428.77-4.77101345887Rotation Up5469
2025-02-0729.7228.75-11.2183782278Rotation Up3449
2025-01-3128.6128.81-15.1241085005Downward Expansion1831
2025-01-2428.9728.95-15.3428130491Downward Expansion224
2025-01-1729.1929.06-13.7157670642Downward Expansion418
2025-01-1028.8229.15-12.6848974553Downward Expansion-2214
2025-01-0328.0629.23-17.0327879818Downward Expansion-4329
2024-12-2726.6729.34-22.0920255027Downward Expansion-5944
2024-12-2026.3429.57-23.1055056177Downward Expansion-6646
2024-12-1327.6129.78-21.4251602537Downward Expansion-5742
2024-12-0626.4329.98-25.7046220293Downward Expansion-6955
2024-11-2927.0030.21-24.0735882583Downward Expansion-6355
2024-11-2227.3730.45-22.7168015669Downward Expansion-6574
2024-11-1526.6930.70-23.9655606257Downward Expansion-7279
2024-11-0826.6530.94-26.2447004978Downward Expansion-7880
2024-11-0126.4831.22-23.8475705198Downward Expansion-8570
2024-10-2528.5631.47-19.6728006180Downward Expansion-6345
2024-10-1828.3931.63-21.7237682841Downward Expansion-7050
2024-10-1129.0931.79-19.9134252768Downward Expansion-6146
2024-10-0429.7931.93-17.8249854737Downward Expansion-6049
2024-09-2728.4732.01-21.8352202907Downward Expansion-7276
2024-09-2029.5732.11-19.0442243087Downward Expansion-6069
2024-09-1328.8532.16-20.5243632976Downward Expansion-7673
2024-09-0628.9032.24-17.7934260092Downward Expansion-7959
2024-08-3030.7732.34-16.6522172403Downward Expansion-5748
2024-08-2330.9032.32-16.5226622573Downward Expansion-6063
2024-08-1630.9032.32-15.7626880247Rotation Down-6267
2024-08-0930.1332.28-14.9837429242Rotation Down-4662
2024-08-0230.4432.29-14.5155899863Deceleration-4451
2024-07-2631.4832.32-13.8029737312Deceleration-3022
2024-07-1931.6032.30-14.4835238780Deceleration-2016
2024-07-1231.4332.27-16.9141767198Deceleration-2519
2024-07-0533.0932.24-11.9821654992Deceleration-1022
2024-06-2832.2432.16-12.8325052420Deceleration-2031
2024-06-2131.7132.13-14.5322903804Deceleration-2130
2024-06-1431.1632.11-15.7537109939Deceleration-3132
2024-06-0731.4932.11-13.7444242211Deceleration314
2024-05-3133.5532.08-7.2624202223Deceleration3322
2024-05-2432.8032.00-9.9235288397Deceleration3622
2024-05-1733.4832.02-8.3234299760Upward Expansion4534
2024-05-1033.4032.04-7.3149203400Upward Expansion5844
2024-05-0334.1632.07-3.7353548989Upward Expansion6361
2024-04-2634.8432.01-1.5048161203Upward Expansion7478
2024-04-1934.0031.96-1.7162014116Upward Expansion6573
2024-04-1234.8231.93-2.8276235464Rotation Up8183
2024-04-0534.1331.88-6.5449010558Rotation Up5170
2024-03-2933.2631.85-10.1326714512Rotation Up4263
2024-03-2233.3731.84-9.9029528489Rotation Up3858
2024-03-1533.0931.76-8.9734143860Balance3746
2024-03-0832.1431.70-11.9340319668Balance314
2024-03-0131.4631.69-14.5341571119Balance-914
2024-02-2331.2331.69-14.8629162461Balance-2817
2024-02-1631.2931.69-13.8244791491Downward Expansion-3118
2024-02-0931.7131.69-13.4666040661Downward Expansion-3221
2024-02-0230.2131.64-16.8751533490Downward Expansion-5949
2024-01-2631.0731.63-13.5345587947Downward Expansion-5134
2024-01-1929.5231.60-17.2641139510Downward Expansion-7152
2024-01-1230.4031.60-14.1050094226Deceleration-3324
2024-01-0531.4231.59-9.8230189187Deceleration-1518
2023-12-2930.8731.55-12.9620057212Deceleration-2625
2023-12-2230.8131.53-13.1033095013Rotation Down-1822
2023-12-1530.3631.51-13.8742353584Rotation Down-2732
2023-12-0830.7831.52-10.7839918918Rotation Down-2338
2023-12-0131.3831.51-8.9846236167Deceleration-1833
2023-11-2431.2431.51-8.7526310028Deceleration-1730
2023-11-1731.0531.60-8.5136545307Upward Expansion-1927
2023-11-1030.5931.68-7.8848082109Upward Expansion512
2023-11-0331.1831.80-4.9166639730Upward Expansion2621
2023-10-2733.2831.867.3340959551Upward Expansion5740
2023-10-2034.1131.827.5538701492Upward Expansion6847
Price vs TrendAbove+6.7%
Trend directionRising+5.4%
Price vs current Fair ValuePremium+37.2%
Fair Value directionClosing upward+19.0%
Relative Strength vs benchmarkLeading+5.3%
Relative strength directionImproving+11.5%
Price momentumPositive+0.7%
Volume balanceDemand-led1.80ร—
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

38 / ยฑ100

-2.1 points since 2026-09-11

Energy

33 /100

-9.2 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.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance35
Rotation Up55
Upward Expansion53
Deceleration30
Rotation Down25
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

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

Balance 12%Rotation Up 11%Upward Expansion 28%Deceleration 20%Rotation Down 11%Downward Expansion 19%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Rotation Up2026-09-182026-10-09New+3.7%
Balance2026-07-312026-09-11Developing+3.2%
Rotation Down2026-07-032026-07-24New+15.8%
Deceleration2026-05-292026-06-26Developing-11.3%
Upward Expansion2026-02-062026-05-22Established+16.5%
Deceleration2025-12-262026-01-30Developing+10.5%
Upward Expansion2025-11-142025-12-19Developing-7.1%
Deceleration2025-10-172025-11-07New+10.4%
Upward Expansion2025-08-152025-10-10Developing-2.4%
Rotation Up2025-07-182025-08-08New+6.7%
Balance2025-05-302025-07-11Developing+12.2%
Rotation Down2025-04-042025-05-23Developing+4.2%
Upward Expansion2025-03-142025-03-28New+1.4%
Rotation Up2025-02-072025-03-07Developing+0.8%
Classic Stage Analysis comparison
Stage 1 ยท Basing29
Stage 2 ยท Advancing97
Stage 3 ยท Distribution49
Stage 4 ยท Declining3

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 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

Leading benchmark

Architecture confirmation
81/100
Current Relative Strength
5.33
Relative Strength direction
Improving
Price momentum
+0.7%
Excess performance vs benchmark
-14.2%
Energy regime cohort
45th percentile11 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume1.03ร—

Latest completed volume relative to typical participation.

Up/down volume1.80ร—

Participation balance between advancing and declining observations.

Accumulation / distribution4 / 3

Recent participation evidence classified by demand and supply.

Activity alignment+75.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

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 USD 45.21rising
Slow Activity USD 43.18rising
Trend Reference USD 43.33+6.7% close margin
Current Fair Value USD 33.72+37.2% close margin
Structural low USD 36.04shock / repair context
What changes the read?

Full positive ordering with expanding width confirms Upward Expansion. Loss of the fast/slow repair and renewed downside acceptance cancels it.

Range context +6.0%
Annualized volatility +32.6%
From structural high -3.1%
From structural low +46.8%
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 SPY Regime survived Read
Near term6-1.4%-13.1% to +8.9%+50.0%+50.0%+2.7%+16.7%Usable descriptive sample
Intermediate5-5.0%-7.6% to +10.3%+40.0%+40.0%-1.1%+0.0%Usable descriptive sample
Extended5+9.0%-11.4% to +25.4%+60.0%+60.0%+2.3%+20.0%Usable descriptive sample
Full cycle3+16.8%-13.2% to +28.1%+66.7%+66.7%+6.4%+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.

Evidence context