Weekly structural research ยท JPX ยท Healthcare

9340 Stage Analysis

ASO International, Inc.

Week ending 18 Sep 2026Close JPY 835.00Tenure NewBenchmark ^N225
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Upward Expansion ยท Early expansion

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: improving.
  • Activity structure: wide and expanding.
Direction 92โˆ’100 bearish to +100 bullish
Energy 96/100directional strength
Maturity 21/100lifecycle context
Confidence 73/100evidence agreement
Trend gate Upstructural direction
Activity structure Wideexpanding separation
Price acceptance +66.7%position within the Activity structure
Fair Value context +47.9%JPY 564.47 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
2026-09-18835.00699.994.6242700Upward Expansion9296
2026-09-11780.00695.86-1.14111100Upward Expansion8287
2026-09-04760.00694.83-5.69105000Upward Expansion8286
2026-08-28770.00693.73-7.1274400Rotation Up9079
2026-08-21703.00692.09-15.373100Rotation Up3451
2026-08-14707.00692.99-18.934100Rotation Up3558
2026-08-07711.00693.43-15.1615800Rotation Up2859
2026-07-31730.00694.06-11.78700Rotation Up4968
2026-07-24705.00693.09-15.532500Downward Expansion3340
2026-07-17700.00692.86-15.966900Downward Expansion925
2026-07-10689.00693.06-23.033500Downward Expansion-1321
2026-07-03697.00694.14-24.044100Downward Expansion-1416
2026-06-26671.00694.99-27.037300Downward Expansion-4330
2026-06-19675.90695.40-28.973000Downward Expansion-5642
2026-06-12663.15695.19-25.3713500Downward Expansion-6062
2026-06-05657.27695.40-27.136200Downward Expansion-6462
2026-05-29651.38695.35-27.9655200Downward Expansion-6962
2026-05-22657.27695.60-24.3598300Downward Expansion-6759
2026-05-15683.75695.81-19.3032300Deceleration-2531
2026-05-08666.10694.49-23.3515100Deceleration-3635
2026-05-01671.00694.53-19.0925100Rotation Down-3325
2026-04-24688.00695.01-17.7325300Rotation Down-1417
2026-04-17689.00695.11-16.2711900Rotation Down-1619
2026-04-10688.00695.45-14.6023600Rotation Down-1933
2026-04-03679.00695.94-10.1515500Deceleration-2636
2026-03-27692.00696.84-9.2899500Deceleration-1726
2026-03-20685.00697.53-10.6130900Upward Expansion-2329
2026-03-13684.00697.90-11.8844600Upward Expansion518
2026-03-06700.00696.14-13.1280300Upward Expansion2916
2026-02-27711.00693.88-16.9743000Upward Expansion4330
2026-02-20711.00689.94-14.3556300Upward Expansion5740
2026-02-13749.00686.30-10.2028900Upward Expansion7869
2026-02-06727.00680.71-8.7724000Upward Expansion6253
2026-01-30721.00676.57-8.2025700Upward Expansion6056
2026-01-23730.00672.69-8.2341200Upward Expansion6756
2026-01-16720.00668.09-9.8137200Upward Expansion6244
2026-01-09730.00663.25-5.3061600Upward Expansion7147
2026-01-02701.00657.17-6.3811200Upward Expansion5745
2025-12-26698.00651.93-7.6443600Upward Expansion6064
2025-12-19705.85646.70-4.3142200Upward Expansion6269
2025-12-12721.56641.20-4.9026600Upward Expansion7574
2025-12-05722.54635.02-3.9458900Deceleration7864
2025-11-28683.27629.29-8.5126100Deceleration4728
2025-11-21669.53624.74-7.3238700Deceleration2415
2025-11-14669.53620.42-10.5759600Deceleration2313
2025-11-07655.79616.48-12.2927100Deceleration2721
2025-10-31658.73612.46-15.8690800Deceleration3023
2025-10-24663.64608.76-10.3564200Deceleration3424
2025-10-17644.01606.95-10.1454200Deceleration3926
2025-10-10667.57605.80-8.2338000Upward Expansion4741
2025-10-03685.24603.31-1.5858500Upward Expansion6154
2025-09-26691.13600.11-0.0347600Upward Expansion6572
2025-09-19698.98595.681.7030800Upward Expansion6785
2025-09-12702.91591.322.4735600Upward Expansion7188
2025-09-05705.85587.786.7094800Upward Expansion7790
2025-08-29712.73584.318.3642100Upward Expansion8892
2025-08-22696.04581.315.96173500Upward Expansion8985
2025-08-15631.24578.20-5.53176500Rotation Up7469
2025-08-08632.23576.96-2.04137600Rotation Up5043
2025-08-01592.96576.46-5.6944300Rotation Up3037
2025-07-25601.79576.43-5.5841400Rotation Up3053
2025-07-18581.18575.39-4.9148100Rotation Up2349
2025-07-11602.77576.09-0.5735300Rotation Up3153
2025-07-04604.74572.70-0.5577100Downward Expansion2933
2025-06-27591.97568.82-3.18112500Downward Expansion-913
2025-06-20574.69566.14-1.56100000Downward Expansion-2513
2025-06-13547.69564.79-4.5143900Downward Expansion-4124
2025-06-06543.83564.36-4.6694400Downward Expansion-5232
2025-05-30540.94567.98-5.4434100Downward Expansion-5433
2025-05-23540.94570.95-3.1227300Downward Expansion-5536
2025-05-16536.12573.04-5.18287800Downward Expansion-5944
2025-05-09550.58577.13-1.6117400Downward Expansion-5446
2025-05-02546.73582.900.1525500Downward Expansion-5557
2025-04-25539.98586.042.7074500Balance-5753
2025-04-18551.55589.288.6637100Balance-4141
2025-04-11535.15594.699.96145600Balance-5534
2025-04-04547.69599.4812.94106700Balance-5119
2025-03-28609.40602.3315.4927200Balance-610
2025-03-21609.40604.2914.9766100Balance-85
2025-03-14593.01604.6015.0245500Balance-3018
2025-03-07589.15605.1415.9844700Balance-3220
2025-02-28558.30601.8510.3550300Balance-3922
2025-02-21567.94598.348.66116000Balance-3014
2025-02-14596.87596.0414.18156600Balance1012
2025-02-07601.69593.6217.3967700Balance2116
2025-01-31622.90591.1520.36132700Balance2722
2025-01-24602.65587.8516.5269500Balance1216
2025-01-17593.97585.3820.36108900Balance615
2025-01-10617.11582.0223.93189400Balance1320
2025-01-03592.04577.1218.0018400Balance-59
2024-12-27570.83572.8613.65155200Rotation Down-714
2024-12-20602.10569.3125.59377200Rotation Down-1732
2024-12-13501.12564.673.3966800Rotation Down-2859
2024-12-06488.32562.622.43126800Rotation Down-3455
2024-11-29511.55558.5610.45101000Deceleration-2933
2024-11-22534.30553.9916.03487200Deceleration-417
2024-11-15534.78548.0116.09479200Deceleration815
2024-11-08652.35541.8139.7958000Deceleration3719
2024-11-01630.07531.8341.8556000Deceleration3926
2024-10-25603.52522.4138.0183800Upward Expansion4330
2024-10-18658.99514.0748.06153400Upward Expansion5742
2024-10-11723.46503.3261.94294400Upward Expansion7556
2024-10-04640.97490.1849.3478600Upward Expansion6354
2024-09-27637.18479.3745.70161000Upward Expansion6664
2024-09-20713.98468.5674.32162200Upward Expansion8189
2024-09-13678.90455.2873.86135600Upward Expansion7788
2024-09-06632.91442.9865.73202600Upward Expansion6885
2024-08-30668.47432.2767.40239200Upward Expansion8283
2024-08-23618.69421.0558.52238200Upward Expansion7956
2024-08-16609.21411.1359.42758200Upward Expansion8047
2024-08-09490.21401.3541.38310200Upward Expansion4227
2024-08-02453.23395.6728.79220800Upward Expansion4838
2024-07-26498.75390.8836.06152400Upward Expansion6456
2024-07-19524.35385.3335.6659800Upward Expansion6865
2024-07-12527.66378.8533.87148000Upward Expansion7368
2024-07-05523.87370.4134.85107200Upward Expansion7769
2024-06-28528.61362.2441.68293600Upward Expansion8672
2024-06-21493.15โ€”โ€”122600Not yet classifiedโ€”โ€”
2024-06-14470.17โ€”โ€”126000Not yet classifiedโ€”โ€”
2024-06-07464.20โ€”โ€”863000Not yet classifiedโ€”โ€”
2024-05-31464.20โ€”โ€”163400Not yet classifiedโ€”โ€”
2024-05-24462.82โ€”โ€”272200Not yet classifiedโ€”โ€”
2024-05-17439.84โ€”โ€”615200Not yet classifiedโ€”โ€”
2024-05-10366.30โ€”โ€”37800Not yet classifiedโ€”โ€”
2024-05-03374.57โ€”โ€”125200Not yet classifiedโ€”โ€”
2024-04-26354.81โ€”โ€”23000Not yet classifiedโ€”โ€”
2024-04-19348.84โ€”โ€”66400Not yet classifiedโ€”โ€”
2024-04-12352.97โ€”โ€”38000Not yet classifiedโ€”โ€”
2024-04-05347.46โ€”โ€”76600Not yet classifiedโ€”โ€”
2024-03-29353.43โ€”โ€”94200Not yet classifiedโ€”โ€”
2024-03-22336.43โ€”โ€”52000Not yet classifiedโ€”โ€”
2024-03-15329.07โ€”โ€”124200Not yet classifiedโ€”โ€”
2024-03-08316.66โ€”โ€”124400Not yet classifiedโ€”โ€”
2024-03-01312.99โ€”โ€”38600Not yet classifiedโ€”โ€”
2024-02-23315.75โ€”โ€”35200Not yet classifiedโ€”โ€”
2024-02-16309.77โ€”โ€”70600Not yet classifiedโ€”โ€”
2024-02-09311.61โ€”โ€”122000Not yet classifiedโ€”โ€”
2024-02-02331.83โ€”โ€”96200Not yet classifiedโ€”โ€”
2024-01-26321.26โ€”โ€”83400Not yet classifiedโ€”โ€”
2024-01-19315.75โ€”โ€”62000Not yet classifiedโ€”โ€”
2024-01-12319.88โ€”โ€”80200Not yet classifiedโ€”โ€”
2024-01-05309.31โ€”โ€”83000Not yet classifiedโ€”โ€”
2023-12-29332.29โ€”โ€”336800Not yet classifiedโ€”โ€”
2023-12-22329.99โ€”โ€”573400Not yet classifiedโ€”โ€”
2023-12-15274.38โ€”โ€”99400Not yet classifiedโ€”โ€”
2023-12-08278.98โ€”โ€”81800Not yet classifiedโ€”โ€”
2023-12-01285.41โ€”โ€”50000Not yet classifiedโ€”โ€”
2023-11-24281.74โ€”โ€”95000Not yet classifiedโ€”โ€”
2023-11-17278.06โ€”โ€”193000Not yet classifiedโ€”โ€”
2023-11-10297.82โ€”โ€”136200Not yet classifiedโ€”โ€”
2023-11-03299.66โ€”โ€”30200Not yet classifiedโ€”โ€”
2023-10-27305.63โ€”โ€”25600Not yet classifiedโ€”โ€”
2023-10-20303.80โ€”โ€”36000Not yet classifiedโ€”โ€”
2023-10-13303.34โ€”โ€”40200Not yet classifiedโ€”โ€”
2023-10-06306.55โ€”โ€”109800Not yet classifiedโ€”โ€”
2023-09-29307.01โ€”โ€”54400Not yet classifiedโ€”โ€”
Price vs TrendAbove+19.3%
Trend directionRising+1.0%
Price vs current Fair ValuePremium+47.9%
Fair Value directionClosing upward+20.0%
Relative Strength vs benchmarkLeading+4.6%
Relative strength directionImproving+33.6%
Price momentumPositive+21.9%
Volume balanceDemand-led1.75ร—
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

92 / ยฑ100

+58.2 points since 2026-08-21

Energy

96 /100

+44.9 points since 2026-08-21

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
Balance14
Rotation Up84
Upward Expansion95
Deceleration45
Rotation Down8
Downward Expansion22

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

2023-09-29 to 2026-09-18 ยท 117 classified observations out of 156 shown.

Balance 15%Rotation Up 9%Upward Expansion 38%Deceleration 15%Rotation Down 7%Downward Expansion 17%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Upward Expansion2026-09-042026-09-18New+9.9%
Rotation Up2026-07-312026-08-28Developing+5.5%
Downward Expansion2026-05-222026-07-24Developing+7.3%
Deceleration2026-05-082026-05-15New+2.7%
Rotation Down2026-04-102026-05-01New-2.5%
Deceleration2026-03-272026-04-03New-1.9%
Upward Expansion2025-12-122026-03-20Established-5.1%
Deceleration2025-10-172025-12-05Developing+12.2%
Upward Expansion2025-08-222025-10-10Developing-4.1%
Rotation Up2025-07-112025-08-15Developing+4.7%
Downward Expansion2025-05-022025-07-04Developing+10.6%
Balance2025-01-032025-04-25Established-8.8%
Rotation Down2024-12-062024-12-27New+16.9%
Deceleration2024-11-012024-11-29Developing-18.8%
Classic Stage Analysis comparison
Stage 1 ยท Basing34
Stage 2 ยท Advancing96
Stage 3 ยท Distribution66
Stage 4 ยท Declining4

Legacy result: Stage 2 ยท Stage 2A ยท Early advance. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^N225

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
78/100
Current Relative Strength
4.62
Relative Strength direction
Improving
Price momentum
+21.9%
Excess performance vs benchmark
+0.1%
Healthcare regime cohort
86th percentile44 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume1.41ร—

Latest completed volume relative to typical participation.

Up/down volume1.75ร—

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

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 JPY 787.87rising
Slow Activity JPY 713.29rising
Trend Reference JPY 699.99+19.3% close margin
Current Fair Value JPY 564.47+47.9% close margin
Structural low JPY 643.53shock / 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 +3.8%
Annualized volatility +20.2%
From structural high -1.4%
From structural low +31.9%
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 ^N225 Regime survived Read
Near term11-3.0%-18.8% to +24.0%+36.4%+36.4%-4.9%+72.7%Usable descriptive sample
Intermediate5-3.8%-10.4% to +20.5%+20.0%+20.0%-11.5%+40.0%Usable descriptive sample
Extended3+2.1%-1.1% to +8.0%+66.7%+66.7%-17.3%+33.3%Too little matched history
Full cycle2+6.5%+1.0% to +12.0%+100.0%+100.0%-21.6%+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.

Evidence context