Weekly structural research · ASX · Industrials

ANG Stage Analysis

Austin Engineering Limited

Week ending 9 Oct 2026Close AUD 0.155Tenure NewBenchmark ^AXJO

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Balance · Balance after decline

Directional pressure has compressed into balance.

Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base.

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

Direction -39−100 bearish to +100 bullish

Energy 26/100directional strength

Maturity 32/100lifecycle context

Confidence 68/100evidence agreement

Trend gate Downstructural direction

Activity structure Compressedcontracting separation

Price acceptance +0.0%position within the Activity structure

Fair Value context -54.3%AUD 0.3394 · improving

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.
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	0.155	0.1661	-19.04	1044696	Balance	-39	26
2026-10-02	0.155	0.1673	-19.97	1752751	Balance	-31	18
2026-09-25	0.17	0.1687	-13.42	1060735	Balance	22	39
2026-09-18	0.165	0.1696	-17.77	1284382	Balance	2	28
2026-09-11	0.165	0.1726	-18.80	2582825	Downward Expansion	1	27
2026-09-04	0.18	0.1757	-14.96	237729	Downward Expansion	19	34
2026-08-28	0.175	0.178	-18.89	1084472	Downward Expansion	-2	22
2026-08-21	0.16	0.1806	-26.39	82504	Downward Expansion	-39	26
2026-08-14	0.155	0.1838	-30.02	727352	Downward Expansion	-45	40
2026-08-07	0.16	0.1868	-29.91	433774	Downward Expansion	-50	48
2026-07-31	0.145	0.1899	-35.25	2103	Downward Expansion	-63	62
2026-07-24	0.14	0.1939	-37.14	656236	Downward Expansion	-75	81
2026-07-17	0.1475	0.1963	-35.18	437810	Downward Expansion	-66	83
2026-07-10	0.15	0.1979	-35.31	1009520	Downward Expansion	-68	86
2026-07-03	0.14	0.1993	-40.88	83224	Downward Expansion	-80	92
2026-06-26	0.145	0.2014	-39.19	2555496	Downward Expansion	-80	89
2026-06-19	0.14	0.2033	-42.55	2343612	Downward Expansion	-89	89
2026-06-12	0.165	0.2052	-33.07	346540	Downward Expansion	-73	76
2026-06-05	0.175	0.2067	-28.51	5480199	Downward Expansion	-60	61
2026-05-29	0.17	0.2073	-32.35	549492	Downward Expansion	-66	57
2026-05-22	0.1775	0.2103	-29.86	2152886	Downward Expansion	-46	30
2026-05-15	0.185	0.2141	-27.77	3037126	Downward Expansion	-39	24
2026-05-08	0.1875	0.2176	-28.76	985483	Downward Expansion	-40	24
2026-05-01	0.185	0.222	-30.60	1580153	Downward Expansion	-46	32
2026-04-24	0.195	0.2267	-28.54	3193445	Downward Expansion	-59	43
2026-04-17	0.195	0.2309	-31.00	3857312	Downward Expansion	-63	62
2026-04-10	0.165	0.2339	-42.80	6106383	Downward Expansion	-74	79
2026-04-03	0.165	0.2379	-41.43	12876677	Downward Expansion	-77	78
2026-03-27	0.18	0.2418	-36.81	4357932	Downward Expansion	-67	72
2026-03-20	0.19	0.2457	-33.80	4434499	Downward Expansion	-63	63
2026-03-13	0.192	0.2494	-36.19	5632890	Downward Expansion	-64	54
2026-03-06	0.1969	0.2533	-37.29	6864106	Balance	-53	36
2026-02-27	0.1969	0.2565	-40.57	25674794	Balance	-49	25
2026-02-20	0.256	0.2612	-22.95	3280944	Balance	-2	18
2026-02-13	0.256	0.2645	-22.44	2613914	Balance	-3	15
2026-02-06	0.2511	0.2679	-23.10	7995796	Balance	-7	17
2026-01-30	0.2511	0.271	-25.48	4500899	Balance	-8	19
2026-01-23	0.256	0.2736	-24.97	5438612	Downward Expansion	-15	25
2026-01-16	0.2462	0.2756	-29.17	7769293	Downward Expansion	-27	29
2026-01-09	0.2511	0.2778	-27.39	8773777	Downward Expansion	-35	26
2026-01-02	0.2658	0.2804	-24.38	11312629	Downward Expansion	-37	33
2025-12-26	0.2117	0.2832	-40.90	3654305	Downward Expansion	-64	59
2025-12-19	0.1969	0.2882	-45.01	8588373	Downward Expansion	-66	62
2025-12-12	0.192	0.2938	-47.68	9670619	Downward Expansion	-72	77
2025-12-05	0.2018	0.2995	-45.48	10006747	Downward Expansion	-67	85
2025-11-28	0.2018	0.3049	-46.19	13117844	Downward Expansion	-72	89
2025-11-21	0.1969	0.3114	-47.13	10919084	Downward Expansion	-81	91
2025-11-14	0.2117	0.318	-45.46	14761849	Downward Expansion	-80	88
2025-11-07	0.192	0.3248	-52.06	30240543	Downward Expansion	-90	85
2025-10-31	0.2609	0.3317	-36.80	12518154	Downward Expansion	-70	45
2025-10-24	0.2905	0.336	-31.59	15965545	Downward Expansion	-45	22
2025-10-17	0.2905	0.3404	-32.33	8666315	Downward Expansion	-44	23
2025-10-10	0.32	0.3485	-25.84	4557976	Downward Expansion	-35	20
2025-10-03	0.3249	0.3512	-25.64	6401457	Downward Expansion	-42	25
2025-09-26	0.32	0.3537	-25.71	20741474	Downward Expansion	-59	41
2025-09-19	0.2855	0.3569	-34.26	16924970	Downward Expansion	-66	61
2025-09-12	0.2855	0.3614	-35.57	13594010	Downward Expansion	-68	67
2025-09-05	0.282	0.3671	-37.05	17289743	Downward Expansion	-73	69
2025-08-29	0.2964	0.3732	-35.30	25828050	Downward Expansion	-68	69
2025-08-22	0.3011	0.3791	-34.92	9768286	Downward Expansion	-68	66
2025-08-15	0.3107	0.3847	-33.55	22505651	Downward Expansion	-64	46
2025-08-08	0.2916	0.3912	-37.52	66621947	Downward Expansion	-74	43
2025-08-01	0.3394	0.3983	-27.07	3756282	Downward Expansion	-38	21
2025-07-25	0.3537	0.4039	-25.02	3587975	Downward Expansion	-40	25
2025-07-18	0.3585	0.4081	-25.71	7958293	Downward Expansion	-46	36
2025-07-11	0.3442	0.4116	-28.01	12325608	Downward Expansion	-62	65
2025-07-04	0.3298	0.416	-31.95	16734901	Downward Expansion	-65	73
2025-06-27	0.3155	0.4213	-34.94	22415818	Downward Expansion	-72	78
2025-06-20	0.3107	0.4278	-36.55	6833208	Downward Expansion	-76	71
2025-06-13	0.3298	0.4341	-33.69	24580877	Downward Expansion	-70	56
2025-06-06	0.349	0.4402	-30.28	3776156	Downward Expansion	-66	56
2025-05-30	0.3633	0.4463	-27.23	5163348	Downward Expansion	-62	56
2025-05-23	0.3633	0.4505	-27.02	17045546	Downward Expansion	-61	47
2025-05-16	0.3633	0.4563	-27.37	3159853	Downward Expansion	-64	52
2025-05-09	0.3633	0.4596	-26.77	9991424	Downward Expansion	-67	48
2025-05-02	0.3968	0.4637	-20.57	3608979	Downward Expansion	-58	45
2025-04-25	0.3968	0.4659	-18.21	4038447	Downward Expansion	-58	52
2025-04-18	0.4159	0.4696	-12.89	3652409	Downward Expansion	-54	44
2025-04-11	0.3968	0.4716	-15.19	4965763	Downward Expansion	-60	30
2025-04-04	0.392	0.4743	-16.58	3940303	Downward Expansion	-66	32
2025-03-28	0.4207	0.4773	-14.10	6630269	Downward Expansion	-50	26
2025-03-21	0.5354	0.4799	9.86	5161103	Downward Expansion	-19	19
2025-03-14	0.4006	0.4809	-15.99	4325990	Downward Expansion	-72	79
2025-03-07	0.4006	0.4861	-17.82	5625661	Downward Expansion	-77	78
2025-02-28	0.4147	0.4913	-17.31	21839234	Downward Expansion	-75	73
2025-02-21	0.4194	0.4976	-17.58	9893064	Downward Expansion	-79	73
2025-02-14	0.4571	0.5037	-12.90	9622746	Balance	-60	56
2025-02-07	0.4666	0.5077	-10.44	2737520	Balance	-53	43
2025-01-31	0.4713	0.5113	-9.53	4184673	Balance	-50	24
2025-01-24	0.4713	0.514	-7.95	3119041	Balance	-38	18
2025-01-17	0.5043	0.5162	-0.07	2100451	Balance	-24	13
2025-01-10	0.5043	0.5173	0.68	2773805	Downward Expansion	-31	16
2025-01-03	0.509	0.5182	2.87	2352526	Downward Expansion	-43	34
2024-12-27	0.4807	0.5176	-2.24	932686	Downward Expansion	-52	47
2024-12-20	0.4618	0.5173	-3.24	10767606	Balance	-60	48
2024-12-13	0.476	0.5186	-2.49	4057190	Balance	-44	31
2024-12-06	0.4901	0.5185	-0.53	5958257	Balance	-37	17
2024-11-29	0.509	0.5184	3.73	4275740	Balance	-25	14
2024-11-22	0.4995	0.5169	3.02	12412969	Balance	-28	14
2024-11-15	0.5137	0.5152	8.20	9949773	Balance	3	10
2024-11-08	0.5325	0.513	13.08	4981146	Balance	5	8
2024-11-01	0.4901	0.5101	7.50	4460816	Balance	-8	7
2024-10-25	0.5372	0.508	17.64	6305880	Deceleration	-3	9
2024-10-18	0.4618	0.5052	1.32	3792675	Deceleration	-33	26
2024-10-11	0.4854	0.5042	8.22	8537586	Rotation Down	-18	21
2024-10-04	0.4618	0.5027	4.76	7176733	Rotation Down	-29	40
2024-09-27	0.509	0.5011	15.55	12194629	Deceleration	-19	28
2024-09-20	0.476	0.4969	9.17	4374115	Deceleration	-26	34
2024-09-13	0.476	0.4939	11.57	8736920	Upward Expansion	-8	23
2024-09-06	0.482	0.4898	15.25	12330575	Upward Expansion	6	16
2024-08-30	0.5006	0.4857	19.67	21714565	Upward Expansion	23	18
2024-08-23	0.5655	0.4809	37.79	7603571	Upward Expansion	46	34
2024-08-16	0.5562	0.474	38.21	7137187	Upward Expansion	60	46
2024-08-09	0.5562	0.4662	43.49	7405607	Upward Expansion	64	53
2024-08-02	0.6025	0.4575	54.30	4477960	Upward Expansion	73	69
2024-07-26	0.6025	0.4469	57.31	10675641	Upward Expansion	79	71
2024-07-19	0.5794	0.4369	52.86	7529694	Upward Expansion	76	73
2024-07-12	0.5747	0.4277	54.21	5596662	Upward Expansion	79	79
2024-07-05	0.5516	0.4185	52.90	7063998	Upward Expansion	73	76
2024-06-28	0.5377	0.4098	52.34	14879895	Upward Expansion	72	74
2024-06-21	0.5377	0.4012	54.01	5705005	Upward Expansion	77	63
2024-06-14	0.5284	0.3915	55.02	15814987	Upward Expansion	78	58
2024-06-07	0.4913	0.382	43.84	32019043	Upward Expansion	65	51
2024-05-31	0.4728	0.3732	43.05	3850234	Upward Expansion	63	52
2024-05-24	0.5006	0.3649	52.78	4422559	Upward Expansion	76	60
2024-05-17	0.4728	0.3562	44.49	3597991	Upward Expansion	67	56
2024-05-10	0.4867	0.3481	51.75	15592347	Upward Expansion	77	62
2024-05-03	0.4635	0.3395	48.60	1789123	Upward Expansion	71	59
2024-04-26	0.4496	0.3318	46.57	1442222	Upward Expansion	66	57
2024-04-19	0.4496	0.3249	47.46	2612840	Upward Expansion	69	60
2024-04-12	0.445	0.3182	42.69	4457300	Upward Expansion	69	64
2024-04-05	0.4264	0.3116	37.56	1878476	Upward Expansion	67	66
2024-03-29	0.4542	0.3055	44.65	3968333	Upward Expansion	81	72
2024-03-22	0.431	0.2985	39.93	3374871	Upward Expansion	75	69
2024-03-15	0.4403	0.2927	45.17	9864575	Upward Expansion	87	74
2024-03-08	0.4136	0.2866	33.74	5905742	Upward Expansion	86	73
2024-03-01	0.3814	0.2817	25.10	3929498	Upward Expansion	76	76
2024-02-23	0.386	0.2773	28.50	2270318	Upward Expansion	84	89
2024-02-16	0.3539	0.2728	17.83	1008601	Upward Expansion	67	86
2024-02-09	0.3584	0.2696	19.57	2572738	Upward Expansion	75	90
2024-02-02	0.3584	0.2662	18.82	2760791	Upward Expansion	85	91
2024-01-26	0.3584	0.2626	21.25	5746219	Upward Expansion	90	74
2024-01-19	0.3217	0.259	11.23	634679	Upward Expansion	82	63
2024-01-12	0.2941	0.2566	0.88	1721991	Upward Expansion	63	58
2024-01-05	0.2849	0.2549	-2.17	344877	Upward Expansion	66	80
2023-12-29	0.3033	0.2535	2.58	764547	Upward Expansion	74	87
2023-12-22	0.3033	0.2517	3.94	1571539	Upward Expansion	79	87
2023-12-15	0.2987	0.2505	3.32	5067715	Balance	80	83
2023-12-08	0.2895	0.2491	3.74	3440270	Balance	41	47
2023-12-01	0.2803	0.2483	2.02	3429615	Balance	33	27
2023-11-24	0.2482	0.2486	-9.50	530950	Downward Expansion	-29	17
2023-11-17	0.2436	0.2523	-11.68	3542239	Downward Expansion	-52	30
2023-11-10	0.2252	0.2555	-17.84	643619	Downward Expansion	-64	43
2023-11-03	0.2252	0.26	-18.36	776000	Downward Expansion	-66	45
2023-10-27	0.239	0.2642	-12.06	1474475	Downward Expansion	-58	44
2023-10-20	0.2298	0.2685	-16.87	761716	Downward Expansion	-63	52

Price vs TrendBelow-6.7%

Trend directionFalling-12.5%

Price vs current Fair ValueBelow anchor-54.3%

Fair Value directionClosing upward+2.4%

Relative Strength vs benchmarkLagging-19.0%

Relative strength directionImproving+16.3%

Price momentumNegative-6.1%

Volume balanceSupply-led0.47×

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

-39 / ±100

-39.8 points since 2026-09-11

Energy

26 /100

-0.9 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.

ANG Directional State ↗ ANG Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance43

Rotation Up15

Upward Expansion22

Deceleration60

Rotation Down52

Downward Expansion56

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 17%Upward Expansion 25%Deceleration 3%Rotation Down 1%Downward Expansion 55%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Balance	2026-09-18	2026-10-09	New	-6.1%
Downward Expansion	2026-03-13	2026-09-11	Extended	-14.1%
Balance	2026-01-30	2026-03-06	Developing	-21.6%
Downward Expansion	2025-02-21	2026-01-23	Extended	-39.0%
Balance	2025-01-17	2025-02-14	Developing	-9.3%
Downward Expansion	2024-12-27	2025-01-10	New	+4.9%
Balance	2024-11-01	2024-12-20	Developing	-5.8%
Deceleration	2024-10-18	2024-10-25	New	+16.3%
Rotation Down	2024-10-04	2024-10-11	New	+5.1%
Deceleration	2024-09-20	2024-09-27	New	+6.9%
Upward Expansion	2023-12-22	2024-09-13	Extended	+56.9%
Balance	2023-12-01	2023-12-15	New	+6.6%
Downward Expansion	2023-06-16	2023-11-24	Established	+1.9%
Rotation Down	2023-05-26	2023-06-09	New	-8.6%

Classic Stage Analysis comparison

Stage 1 · Basing69

Stage 2 · Advancing0

Stage 3 · Distribution6

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 ^AXJO

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: 96/100
Current Relative Strength: -19.04
Relative Strength direction: Improving
Price momentum: -6.1%
Excess performance vs benchmark: -3.3%
Industrials regime cohort: 71th percentile17 in cohort

Test ANG trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.88×

Latest completed volume relative to typical participation.

Up/down volume0.47×

Participation balance between advancing and declining observations.

Accumulation / distribution0 / 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 ANG Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity AUD 0.16falling

Slow Activity AUD 0.1616falling

Trend Reference AUD 0.1661-6.7% close margin

Current Fair Value AUD 0.3394-54.3% close margin

Structural low AUD 0.14shock / repair context

What changes the read?

Persistent fast/slow separation and fan expansion would end Balance; direction determines whether it becomes Rotation Up or Rotation Down.

Range context +6.5%

Annualized volatility +47.9%

From structural high -51.6%

From structural low +10.7%

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 ^AXJO	Regime survived	Read
Near term	10	-0.9%-21.6% to +17.9%	+50.0%	+50.0%	-0.6%	+30.0%	Usable descriptive sample
Intermediate	6	+9.0%-26.3% to +56.5%	+50.0%	+50.0%	+7.7%	+16.7%	Usable descriptive sample
Extended	5	-14.1%-42.2% to +68.6%	+40.0%	+40.0%	-12.9%	+0.0%	Usable descriptive sample
Full cycle	3	+16.2%-60.3% to +81.6%	+66.7%	+66.7%	+4.2%	+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.

ANG Stage Analysis

What the Activity Line geometry says now

Directional pressure has compressed into balance.

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

Directional pressure has compressed into balance.

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