Weekly structural research · IST · Basic Materials

KLKIM Stage Analysis

Kalekim Kimyevi Maddeler Sanayi Ve Ticaret Anonim Sirketi

Week ending 25 Sep 2026Close TRY 22.94Tenure EstablishedBenchmark XU100.IS

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Downward Expansion · 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: weakening.
Activity structure: wide and stable.

Direction -83−100 bearish to +100 bullish

Energy 70/100directional strength

Maturity 50/100lifecycle context

Confidence 81/100evidence agreement

Trend gate Downstructural direction

Activity structure Widestable separation

Price acceptance -66.7%position within the Activity structure

Fair Value context -21.8%TRY 29.35 · 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
2026-09-25	22.94	30.78	-29.43	6404411	Downward Expansion	-83	70
2026-09-18	23.12	31.33	-31.65	10084717	Downward Expansion	-86	65
2026-09-11	26.52	31.90	-28.81	6943710	Downward Expansion	-51	41
2026-09-04	26.26	32.40	-27.96	6636231	Downward Expansion	-57	48
2026-08-28	27.36	32.89	-28.93	9954190	Downward Expansion	-52	54
2026-08-21	28.54	33.28	-25.95	4180622	Downward Expansion	-66	65
2026-08-14	26.24	33.68	-30.70	1611143	Downward Expansion	-68	88
2026-08-07	25.56	34.02	-31.15	1052270	Downward Expansion	-78	91
2026-07-31	25.16	34.36	-31.05	1321271	Downward Expansion	-88	94
2026-07-24	26.94	34.67	-29.12	1336141	Downward Expansion	-77	90
2026-07-17	26.78	34.91	-30.10	2790582	Downward Expansion	-84	88
2026-07-10	28.48	35.09	-27.80	4724109	Downward Expansion	-77	73
2026-07-03	28.84	35.21	-27.71	1633606	Downward Expansion	-80	84
2026-06-26	30.12	35.24	-24.08	1679580	Downward Expansion	-73	79
2026-06-19	31.48	35.23	-23.45	2656798	Downward Expansion	-65	77
2026-06-12	30.38	35.20	-22.29	2457337	Rotation Down	-75	85
2026-06-05	31.10	35.21	-19.43	1196725	Rotation Down	-43	67
2026-05-29	31.34	35.23	-19.03	2025869	Rotation Down	-43	63
2026-05-22	30.84	35.32	-21.57	9125652	Rotation Down	-47	63
2026-05-15	32.60	35.40	-20.77	15691620	Rotation Down	-31	51
2026-05-08	34.20	35.34	-21.14	21760729	Deceleration	-22	39
2026-05-01	33.47	35.29	-19.99	16144552	Deceleration	-8	23
2026-04-24	34.55	35.29	-17.71	15095235	Deceleration	-2	11
2026-04-17	37.91	35.30	-11.35	12725278	Deceleration	19	14
2026-04-10	37.28	35.25	-10.08	16329079	Deceleration	25	16
2026-04-03	35.77	35.13	-6.63	12084410	Deceleration	23	14
2026-03-27	36.44	35.12	-3.45	10294463	Deceleration	31	22
2026-03-20	38.93	35.12	0.02	5864764	Deceleration	37	21
2026-03-13	39.44	34.89	0.73	18678645	Upward Expansion	45	27
2026-03-06	34.87	34.67	-8.93	11501154	Upward Expansion	39	33
2026-02-27	39.29	34.51	-4.50	10235527	Upward Expansion	65	59
2026-02-20	40.23	34.14	-3.71	14823201	Upward Expansion	67	79
2026-02-13	41.74	33.75	-1.80	15530391	Upward Expansion	82	93
2026-02-06	40.76	33.28	0.62	12529861	Upward Expansion	83	93
2026-01-30	39.07	32.83	-5.76	17546419	Upward Expansion	78	88
2026-01-23	40.52	32.43	3.92	20922544	Upward Expansion	93	91
2026-01-16	36.63	31.93	-3.74	12383892	Upward Expansion	78	78
2026-01-09	35.59	31.59	-3.14	11569340	Upward Expansion	70	62
2026-01-02	34.63	31.30	-0.21	7396559	Balance	53	39
2025-12-26	33.88	31.10	-0.69	10216852	Balance	44	24
2025-12-19	32.45	30.89	-5.33	11217713	Rotation Down	19	14
2025-12-12	32.06	30.77	-6.35	16040865	Rotation Down	-18	31
2025-12-05	29.64	30.69	-11.10	5512835	Deceleration	-25	43
2025-11-28	29.92	30.69	-9.56	6077842	Deceleration	-5	20
2025-11-21	30.53	30.68	-8.02	6597823	Deceleration	1	10
2025-11-14	30.68	30.71	-4.66	11308313	Deceleration	5	8
2025-11-07	31.72	30.72	-5.05	19145926	Deceleration	27	17
2025-10-31	33.92	30.74	0.74	7942222	Deceleration	35	21
2025-10-24	33.26	30.65	-1.00	11933785	Deceleration	31	23
2025-10-17	30.94	30.65	-1.31	10666440	Deceleration	31	21
2025-10-10	32.49	30.64	-1.33	9216052	Upward Expansion	46	36
2025-10-03	33.49	30.68	0.62	10037013	Upward Expansion	60	48
2025-09-26	34.96	30.63	2.51	13038320	Upward Expansion	64	61
2025-09-19	36.48	30.38	5.84	14214437	Upward Expansion	80	86
2025-09-12	33.41	30.08	5.89	18733542	Upward Expansion	67	82
2025-09-05	35.67	29.90	9.67	25797694	Rotation Up	81	90
2025-08-29	36.26	29.71	6.43	28552221	Rotation Up	54	75
2025-08-22	32.10	29.54	-6.09	28983123	Rotation Up	34	55
2025-08-15	32.76	29.57	0.55	31316572	Downward Expansion	40	38
2025-08-08	30.21	29.57	-7.79	21242196	Downward Expansion	-7	15
2025-08-01	28.27	29.64	-11.81	16702685	Downward Expansion	-34	20
2025-07-25	28.50	29.76	-10.17	13792179	Downward Expansion	-39	22
2025-07-18	27.46	29.83	-10.99	8849966	Downward Expansion	-56	39
2025-07-11	27.50	29.91	-10.67	11193276	Downward Expansion	-58	59
2025-07-04	27.09	30.00	-11.20	16606515	Downward Expansion	-61	66
2025-06-27	25.46	30.11	-8.75	22109535	Downward Expansion	-74	72
2025-06-20	26.22	30.20	-3.83	5836123	Downward Expansion	-70	66
2025-06-13	27.17	30.34	-1.26	7218914	Downward Expansion	-63	56
2025-06-06	28.60	30.54	2.33	8226091	Downward Expansion	-55	49
2025-05-30	27.56	30.65	4.23	6832848	Balance	-63	51
2025-05-23	28.74	30.66	5.31	8646982	Balance	-56	39
2025-05-16	29.58	30.62	5.46	14504382	Balance	-20	16
2025-05-09	29.90	30.53	10.34	20830862	Balance	1	7
2025-05-02	29.60	30.34	12.56	8050501	Upward Expansion	19	9
2025-04-25	31.17	30.18	15.80	9793812	Upward Expansion	43	19
2025-04-18	31.22	30.04	18.06	15552861	Upward Expansion	47	26
2025-04-11	32.33	29.91	21.94	20638369	Upward Expansion	52	36
2025-04-04	31.18	29.69	18.31	10472950	Upward Expansion	49	36
2025-03-28	33.32	29.51	23.38	22179265	Upward Expansion	59	41
2025-03-21	30.53	29.23	21.24	38296477	Upward Expansion	32	22
2025-03-14	33.80	28.99	12.38	30727195	Upward Expansion	52	23
2025-03-07	31.86	28.66	9.30	24280401	Upward Expansion	20	23
2025-02-28	27.50	28.44	2.57	14369170	Upward Expansion	-25	34
2025-02-21	27.33	28.43	2.20	18168170	Upward Expansion	-7	21
2025-02-14	28.12	28.39	2.07	14026118	Upward Expansion	17	13
2025-02-07	30.06	28.35	7.91	12949865	Upward Expansion	44	29
2025-01-31	31.05	28.27	10.99	11084546	Upward Expansion	58	45
2025-01-24	33.02	28.15	17.03	12200425	Upward Expansion	66	63
2025-01-17	32.83	27.94	18.13	17229358	Upward Expansion	67	59
2025-01-10	32.13	27.71	16.73	21672840	Upward Expansion	64	47
2025-01-03	31.82	27.51	14.05	17024162	Upward Expansion	64	40
2024-12-27	30.80	27.20	11.40	15688935	Upward Expansion	48	31
2024-12-20	29.89	26.97	11.69	21615357	Upward Expansion	42	25
2024-12-13	30.22	26.79	8.86	35642753	Upward Expansion	56	33
2024-12-06	30.24	26.57	9.74	26875118	Upward Expansion	59	47
2024-11-29	28.09	26.34	6.60	33818514	Upward Expansion	62	69
2024-11-22	30.49	26.25	17.01	22986460	Upward Expansion	65	77
2024-11-15	33.37	26.07	30.32	25747423	Upward Expansion	85	84
2024-11-08	31.77	25.83	26.98	28591929	Balance	79	73
2024-11-01	27.89	25.63	15.43	8878421	Balance	57	38
2024-10-25	27.47	25.52	13.29	17124975	Balance	53	21
2024-10-18	26.90	25.47	12.23	12579127	Balance	41	15
2024-10-11	24.11	25.45	-0.93	9208511	Balance	-2	4
2024-10-04	24.95	25.56	-0.74	11414583	Balance	29	19
2024-09-27	26.87	25.69	-1.04	12075670	Balance	16	19
2024-09-20	27.35	25.79	-1.01	19284473	Balance	19	15
2024-09-13	25.82	25.84	-5.01	14126445	Balance	-30	18
2024-09-06	25.70	26.02	-6.56	11170610	Balance	-45	31
2024-08-30	25.03	26.02	-9.87	5078581	Balance	-50	36
2024-08-23	23.28	26.03	-15.14	6630424	Balance	-54	36
2024-08-16	23.75	26.06	-14.92	6795475	Balance	-30	21
2024-08-09	25.39	26.04	-9.97	13224181	Balance	-6	7
2024-08-02	27.06	25.94	-9.15	12471398	Upward Expansion	28	25
2024-07-26	26.26	25.69	-15.10	6156294	Upward Expansion	46	46
2024-07-19	27.04	25.50	-14.81	7383936	Upward Expansion	49	55
2024-07-12	27.47	25.23	-12.91	12376408	Balance	52	53
2024-07-05	27.39	25.00	-11.48	10445911	Balance	52	39
2024-06-28	26.83	24.83	-11.53	12242318	Balance	36	23
2024-06-21	26.03	24.70	-15.01	4229916	Balance	4	5
2024-06-14	25.94	24.67	-12.82	12711562	Rotation Down	-5	9
2024-06-07	22.78	24.68	-20.92	6886195	Rotation Down	-30	41
2024-05-31	23.87	24.76	-19.23	8493015	Rotation Down	-21	39
2024-05-24	24.26	24.80	-20.18	14131211	Rotation Down	-18	38
2024-05-17	23.72	24.84	-21.83	10241572	Balance	-23	34
2024-05-10	23.39	25.03	-19.84	11033464	Balance	-24	19
2024-05-03	25.18	25.22	-14.25	7902358	Balance	9	10
2024-04-26	25.13	25.41	-11.43	10174359	Balance	9	12
2024-04-19	26.19	25.54	-5.75	16394455	Balance	24	20
2024-04-12	25.72	25.62	-8.52	1974475	Balance	-3	15
2024-04-05	24.70	25.60	-10.43	7315801	Upward Expansion	-5	14
2024-03-29	25.95	25.62	-1.07	9020403	Upward Expansion	11	11
2024-03-22	26.36	25.64	0.85	10150202	Upward Expansion	19	23
2024-03-15	27.46	25.43	8.52	14134681	Upward Expansion	61	48
2024-03-08	28.73	25.19	9.74	14493328	Upward Expansion	65	75
2024-03-01	29.92	24.85	15.34	27526966	Upward Expansion	66	78
2024-02-23	29.00	24.45	8.97	23305029	Rotation Up	64	74
2024-02-16	31.00	24.11	18.34	47237355	Rotation Up	59	67
2024-02-09	25.92	23.67	1.80	21820325	Balance	25	32
2024-02-02	25.28	23.35	4.23	18906737	Balance	19	26
2024-01-26	24.14	22.99	4.02	12151455	Rotation Down	-3	10
2024-01-19	23.01	22.63	4.16	19896442	Rotation Down	-17	18
2024-01-12	22.55	22.29	2.82	14798038	Rotation Down	-32	43
2024-01-05	19.35	21.99	-7.14	17988371	Rotation Down	-34	61
2023-12-29	20.70	21.78	1.77	7712953	Rotation Down	-25	55
2023-12-22	19.08	21.52	-6.85	8022628	Deceleration	-37	54
2023-12-15	20.49	21.27	-5.18	8197086	Deceleration	-10	22
2023-12-08	22.33	20.95	4.90	11420989	Deceleration	1	12
2023-12-01	22.80	20.59	6.17	10414957	Deceleration	11	13
2023-11-24	25.03	20.22	18.30	13694751	Deceleration	31	20
2023-11-17	26.38	19.81	27.36	17200872	Deceleration	33	22
2023-11-10	25.20	19.38	24.13	15943664	Deceleration	38	23
2023-11-03	24.93	19.00	25.08	16721522	Upward Expansion	44	34
2023-10-27	25.65	18.61	29.83	31019335	Upward Expansion	60	50
2023-10-20	29.36	18.20	54.00	28360898	Upward Expansion	65	62
2023-10-13	29.07	17.68	43.13	19864366	Upward Expansion	67	66
2023-10-06	30.90	17.19	47.06	48946188	Upward Expansion	82	71

Price vs TrendBelow-25.5%

Trend directionFalling-11.8%

Price vs current Fair ValueBelow anchor-21.8%

Fair Value directionMoving away-25.9%

Relative Strength vs benchmarkLagging-29.4%

Relative strength directionWeakening-5.3%

Price momentumNegative-37.0%

Volume balanceSupply-led0.35×

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

-83 / ±100

-30.1 points since 2026-08-28

Energy

70 /100

+16.5 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.

KLKIM Directional State ↗ KLKIM Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance16

Rotation Up16

Upward Expansion12

Deceleration48

Rotation Down72

Downward Expansion85

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

2023-10-06 to 2026-09-25 · 156 classified observations out of 156 shown.

Balance 21%Rotation Up 3%Upward Expansion 35%Deceleration 15%Rotation Down 10%Downward Expansion 17%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-06-19	2026-09-25	Established	-27.1%
Rotation Down	2026-05-15	2026-06-12	Developing	-6.8%
Deceleration	2026-03-20	2026-05-08	Developing	-12.2%
Upward Expansion	2026-01-09	2026-03-13	Developing	+10.8%
Balance	2025-12-26	2026-01-02	New	+2.2%
Rotation Down	2025-12-12	2025-12-19	New	+1.2%
Deceleration	2025-10-17	2025-12-05	Developing	-4.2%
Upward Expansion	2025-09-12	2025-10-10	Developing	-2.8%
Rotation Up	2025-08-22	2025-09-05	New	+11.1%
Downward Expansion	2025-06-06	2025-08-15	Developing	+14.6%
Balance	2025-05-09	2025-05-30	New	-7.8%
Upward Expansion	2024-11-15	2025-05-02	Established	-11.3%
Balance	2024-08-09	2024-11-08	Established	+25.1%
Upward Expansion	2024-07-19	2024-08-02	New	+0.1%

Classic Stage Analysis comparison

Stage 1 · Basing52

Stage 2 · Advancing0

Stage 3 · Distribution18

Stage 4 · Declining100

Legacy result: Stage 4 · Stage 4B · Declining. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus XU100.IS

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: 99/100
Current Relative Strength: -29.43
Relative Strength direction: Weakening
Price momentum: -37.0%
Excess performance vs benchmark: -38.6%
Basic Materials regime cohort: 24th percentile42 in cohort

Test KLKIM trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.37×

Latest completed volume relative to typical participation.

Up/down volume0.35×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 5

Recent participation evidence classified by demand and supply.

Activity alignment+0.0%

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 KLKIM Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity TRY 24.44falling

Slow Activity TRY 28.33falling

Trend Reference TRY 30.78-25.5% close margin

Current Fair Value TRY 29.35-21.8% close margin

Structural low TRY 22.50shock / 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 +8.2%

Annualized volatility +33.1%

From structural high -47.2%

From structural low +2.0%

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 move	Positive periods	Directional follow-through	Median excess vs XU100.IS	Regime survived	Read
Near term	6	-0.5%-14.9% to +28.3%	+50.0%	+50.0%	-2.2%	+83.3%	Usable descriptive sample
Intermediate	2	-0.9%-26.6% to +24.7%	+50.0%	+50.0%	-2.5%	+50.0%	Too little matched history
Extended	1	+3.6%+3.6% to +3.6%	+100.0%	+0.0%	-12.4%	+0.0%	Too little matched history
Full cycle	1	+8.7%+8.7% to +8.7%	+100.0%	+0.0%	-35.6%	+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.

KLKIM Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding 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 weekly architecture is expanding 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