Weekly structural research ยท VIE ยท Consumer Cyclical

WOL Stage Analysis

Wolford Aktiengesellschaft

Week ending 25 Sep 2026Close EUR 2.36Tenure ExtendedBenchmark ^ATX
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Downward Expansion ยท Established 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: improving.
  • Activity structure: moderate and contracting.
Direction -23โˆ’100 bearish to +100 bullish
Energy 15/100directional strength
Maturity 100/100lifecycle context
Confidence 65/100evidence agreement
Trend gate Downstructural direction
Activity structure Moderatecontracting separation
Price acceptance -16.7%position within the Activity structure
Fair Value context -32.4%EUR 3.49 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
2026-09-252.362.58-35.040Downward Expansion-2315
2026-09-182.362.60-34.80100Downward Expansion-3420
2026-09-112.322.63-37.7620046Downward Expansion-3927
2026-09-042.382.65-36.952930Downward Expansion-4029
2026-08-282.342.68-38.381485Downward Expansion-4229
2026-08-212.182.70-42.161500Downward Expansion-5644
2026-08-142.302.73-40.75500Downward Expansion-5150
2026-08-072.502.75-35.68113Downward Expansion-6564
2026-07-312.182.78-42.9316Downward Expansion-6888
2026-07-242.002.81-48.394Downward Expansion-8694
2026-07-172.022.86-47.903716Downward Expansion-9096
2026-07-102.222.90-44.650Downward Expansion-8090
2026-07-032.342.95-43.260Downward Expansion-7481
2026-06-262.302.99-43.621183Downward Expansion-8278
2026-06-192.503.03-40.781400Downward Expansion-7261
2026-06-122.623.06-36.093Downward Expansion-6551
2026-06-052.783.10-31.0350Downward Expansion-5445
2026-05-292.743.13-33.46463Downward Expansion-5736
2026-05-222.763.16-31.962600Downward Expansion-5632
2026-05-152.703.18-32.56825Downward Expansion-6437
2026-05-082.983.21-26.55245Downward Expansion-4024
2026-05-012.983.23-25.911321Downward Expansion-5333
2026-04-242.703.26-32.935320Downward Expansion-6944
2026-04-172.983.29-29.183725Downward Expansion-5740
2026-04-102.903.32-29.937844Downward Expansion-6152
2026-04-032.903.35-26.14573Downward Expansion-6452
2026-03-272.803.38-26.697683Downward Expansion-7146
2026-03-203.063.41-19.43628Downward Expansion-5435
2026-03-133.063.42-21.132709Downward Expansion-5332
2026-03-063.043.44-24.214148Downward Expansion-5634
2026-02-273.043.46-28.72117Downward Expansion-4931
2026-02-203.183.48-27.531305Downward Expansion-4229
2026-02-133.143.49-26.901965Downward Expansion-5741
2026-02-063.183.50-27.232892Downward Expansion-6160
2026-01-303.063.52-30.031159Downward Expansion-6473
2026-01-232.983.54-31.612192Downward Expansion-7477
2026-01-162.943.57-32.648354Downward Expansion-7976
2026-01-093.203.59-26.607708Downward Expansion-6765
2026-01-023.303.60-24.477145Downward Expansion-6254
2025-12-263.283.61-24.212693Balance-6750
2025-12-193.423.63-21.663619Balance-5743
2025-12-123.603.63-16.37500Balance-4435
2025-12-053.603.62-17.012088Balance-1721
2025-11-283.403.61-20.824579Balance-3222
2025-11-213.543.61-13.821442Balance43
2025-11-143.683.60-11.53252Balance2710
2025-11-073.703.58-9.08100Balance1611
2025-10-313.583.57-13.101899Balance714
2025-10-243.603.55-10.173804Upward Expansion2117
2025-10-173.583.55-8.971172Upward Expansion2313
2025-10-103.503.56-12.721537Upward Expansion2312
2025-10-033.743.56-8.611105Upward Expansion5339
2025-09-263.803.56-5.151366Upward Expansion5850
2025-09-193.763.56-5.631150Balance5546
2025-09-123.763.57-6.03600Balance5543
2025-09-053.783.57-4.6210Balance5538
2025-08-293.703.58-7.01300Balance2011
2025-08-223.603.59-12.825960Balance13
2025-08-153.603.59-14.01540Balance-05
2025-08-083.563.60-12.932173Balance-109
2025-08-013.543.61-8.53400Balance-75
2025-07-253.523.62-11.571339Balance-65
2025-07-183.603.64-7.83724Balance1115
2025-07-113.783.66-3.151066Balance1920
2025-07-043.543.68-7.202550Balance-810
2025-06-273.883.670.913287Balance2423
2025-06-203.523.62-6.86364Balance-918
2025-06-133.523.59-7.57273Balance614
2025-06-063.703.56-5.471414Balance1218
2025-05-303.903.53-0.4012219Deceleration1715
2025-05-233.203.50-17.807021Deceleration-2320
2025-05-163.503.49-11.844120Rotation Down-1617
2025-05-093.203.47-17.512310Rotation Down-3534
2025-05-023.323.46-11.17358Rotation Down-3343
2025-04-253.303.44-11.028388Rotation Down-2455
2025-04-183.103.43-13.878973Rotation Down-3762
2025-04-113.323.43-3.442348Deceleration-2547
2025-04-043.023.42-13.70790Deceleration-2138
2025-03-283.623.42-7.513633Deceleration1815
2025-03-213.843.40-4.321310Deceleration3519
2025-03-143.643.37-10.55610Deceleration3518
2025-03-073.703.36-9.541193Upward Expansion3821
2025-02-283.843.34-3.622063Upward Expansion5029
2025-02-213.983.311.491264Upward Expansion5432
2025-02-143.843.28-3.53600Deceleration4228
2025-02-073.983.254.53999Deceleration4530
2025-01-313.983.214.432877Deceleration4630
2025-01-243.743.18-1.93268Upward Expansion5232
2025-01-173.803.170.672277Upward Expansion5538
2025-01-103.983.168.401073Upward Expansion6062
2025-01-033.843.163.994171Rotation Up6171
2024-12-274.003.168.241600Rotation Up3552
2024-12-204.143.1612.705522Rotation Up4343
2024-12-134.483.1519.3124495Rotation Up3730
2024-12-063.203.14-13.5712742Downward Expansion-3626
2024-11-292.503.17-32.4210580Downward Expansion-6649
2024-11-222.503.22-33.232096Downward Expansion-7350
2024-11-152.503.27-34.65405Downward Expansion-7849
2024-11-082.903.31-25.193070Downward Expansion-5535
2024-11-013.003.35-23.183979Downward Expansion-5741
2024-10-252.803.39-30.275262Downward Expansion-7254
2024-10-182.903.43-29.5013358Downward Expansion-6664
2024-10-112.903.47-30.135170Downward Expansion-7066
2024-10-042.923.51-30.24331Downward Expansion-6959
2024-09-272.983.55-30.372988Downward Expansion-6348
2024-09-202.963.60-30.93305Downward Expansion-6649
2024-09-133.123.65-27.685910Downward Expansion-4841
2024-09-063.003.69-30.70213Downward Expansion-5347
2024-08-303.083.73-32.39184Downward Expansion-5048
2024-08-233.003.78-34.11292Downward Expansion-6758
2024-08-163.103.84-31.45850Downward Expansion-6259
2024-08-093.103.88-30.841612Downward Expansion-6665
2024-08-023.103.94-30.828178Downward Expansion-6872
2024-07-262.984.00-36.70810Downward Expansion-7390
2024-07-192.924.05-38.661051Downward Expansion-8594
2024-07-123.024.12-37.771505Downward Expansion-8996
2024-07-053.004.18-38.807618Downward Expansion-9698
2024-06-283.504.25-27.405447Downward Expansion-8390
2024-06-213.404.30-29.677663Downward Expansion-9491
2024-06-143.844.35-20.025185Downward Expansion-7356
2024-06-073.944.39-21.22105Downward Expansion-6649
2024-05-313.944.43-22.39544Downward Expansion-6644
2024-05-244.004.46-23.005854Downward Expansion-6040
2024-05-174.004.48-23.65439Downward Expansion-6346
2024-05-104.124.50-20.616508Downward Expansion-6047
2024-05-034.004.51-21.40460Downward Expansion-6454
2024-04-263.984.54-21.271229Downward Expansion-6549
2024-04-193.944.56-22.211160Downward Expansion-7256
2024-04-124.064.58-20.693088Downward Expansion-6567
2024-04-054.204.60-18.723706Downward Expansion-6477
2024-03-293.984.61-22.7937199Downward Expansion-7585
2024-03-224.004.64-22.071492Downward Expansion-7775
2024-03-154.024.66-20.328047Downward Expansion-7964
2024-03-084.204.67-16.7711383Downward Expansion-7247
2024-03-014.544.69-10.542914Downward Expansion-5948
2024-02-234.404.70-13.760Downward Expansion-6362
2024-02-164.404.72-14.833832Downward Expansion-6565
2024-02-094.284.73-16.702129Rotation Down-7971
2024-02-024.544.74-14.2914848Rotation Down-2741
2024-01-264.564.75-14.721881Balance-2534
2024-01-194.584.75-11.90986Balance-2321
2024-01-124.764.76-10.305058Balance2214
2024-01-054.764.77-11.484513Balance2615
2023-12-294.764.77-12.096092Balance3216
2023-12-225.004.78-7.416093Rotation Up4725
2023-12-154.804.78-10.431040Rotation Up5230
2023-12-085.054.79-4.851807Rotation Up3949
2023-12-014.864.79-8.58329Rotation Up3155
2023-11-245.004.79-4.481483Rotation Up2450
2023-11-175.054.79-4.39100Rotation Up2845
2023-11-105.104.79-1.69859Downward Expansion3229
2023-11-035.004.79-3.489080Downward Expansion-86
2023-10-274.464.80-9.582271Downward Expansion-6236
2023-10-204.664.82-6.714795Downward Expansion-5232
2023-10-134.424.85-15.384597Downward Expansion-7045
2023-10-064.704.90-10.271094Downward Expansion-5131
Price vs TrendBelow-8.4%
Trend directionFalling-9.8%
Price vs current Fair ValueBelow anchor-32.4%
Fair Value directionClosing upward+5.3%
Relative Strength vs benchmarkLagging-35.0%
Relative strength directionImproving+8.6%
Price momentumNegative-15.7%
Volume balanceSupply-led0.18ร—
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

-23 / ยฑ100

+18.9 points since 2026-08-28

Energy

15 /100

-14.0 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
Balance51
Rotation Up26
Upward Expansion25
Deceleration53
Rotation Down23
Downward Expansion49

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 19%Rotation Up 6%Upward Expansion 7%Deceleration 6%Rotation Down 5%Downward Expansion 56%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Downward Expansion2026-01-022026-09-25Extended-28.5%
Balance2025-10-312025-12-26Developing-8.4%
Upward Expansion2025-09-262025-10-24Developing-5.3%
Balance2025-06-062025-09-19Established+1.6%
Deceleration2025-05-232025-05-30New+21.9%
Rotation Down2025-04-182025-05-16Developing+12.9%
Deceleration2025-03-142025-04-11Developing-8.8%
Upward Expansion2025-02-212025-03-07New-7.0%
Deceleration2025-01-312025-02-14New-3.5%
Upward Expansion2025-01-102025-01-24New-6.0%
Rotation Up2024-12-132025-01-03New-14.3%
Downward Expansion2024-02-162024-12-06Extended-27.3%
Rotation Down2024-02-022024-02-09New-5.7%
Balance2023-12-292024-01-26Developing-4.2%
Classic Stage Analysis comparison
Stage 1 ยท Basing67
Stage 2 ยท Advancing0
Stage 3 ยท Distribution7
Stage 4 ยท Declining100

Legacy result: Stage 4 ยท Stage 4B ยท Declining. 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
100/100
Current Relative Strength
-35.04
Relative Strength direction
Improving
Price momentum
-15.7%
Excess performance vs benchmark
-47.5%
Consumer Cyclical regime cohort
4th 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 volume0.18ร—

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+50.0%

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 EUR 2.35rising
Slow Activity EUR 2.42falling
Trend Reference EUR 2.58-8.4% close margin
Current Fair Value EUR 3.49-32.4% close margin
Structural low EUR 2.00shock / 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 +6.1%
Annualized volatility +44.2%
From structural high -37.6%
From structural low +18.0%
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 term41-0.9%-23.9% to +65.6%+43.9%+56.1%-2.4%+90.2%Usable descriptive sample
Intermediate14-9.2%-22.5% to +53.6%+21.4%+78.6%-10.8%+78.6%Usable descriptive sample
Extended8-12.4%-30.5% to +4.6%+25.0%+75.0%-13.7%+75.0%Usable descriptive sample
Full cycle4-24.1%-35.1% to +20.1%+25.0%+75.0%-18.7%+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