Weekly structural research · KLS · Basic Materials

0161 Stage Analysis

Hextar Industries Berhad

Week ending 18 Sep 2026Close MYR 0.25Tenure ExtendedBenchmark ^KLSE

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: improving.
Activity structure: moderate and contracting.

Direction -75−100 bearish to +100 bullish

Energy 47/100directional strength

Maturity 100/100lifecycle context

Confidence 94/100evidence agreement

Trend gate Downstructural direction

Activity structure Moderatecontracting separation

Price acceptance -83.3%position within the Activity structure

Fair Value context -30.6%MYR 0.3604 · 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.
Upward ExpansionUptrend is established.
DecelerationUptrend is losing energy.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-09-18	0.25	0.2825	-17.76	3686700	Downward Expansion	-75	47
2026-09-11	0.27	0.285	-12.87	2199100	Downward Expansion	-56	37
2026-09-04	0.26	0.2868	-17.60	3169900	Downward Expansion	-60	45
2026-08-28	0.26	0.289	-19.09	12222700	Downward Expansion	-63	48
2026-08-21	0.26	0.2915	-20.22	8482600	Downward Expansion	-67	50
2026-08-14	0.26	0.2938	-20.39	443100	Downward Expansion	-70	56
2026-08-07	0.265	0.2965	-19.91	10100	Downward Expansion	-63	54
2026-07-31	0.27	0.299	-18.51	80600	Downward Expansion	-59	48
2026-07-24	0.265	0.3012	-19.53	147200	Downward Expansion	-66	58
2026-07-17	0.265	0.303	-21.56	232500	Downward Expansion	-68	57
2026-07-10	0.275	0.3055	-17.35	1000	Downward Expansion	-60	48
2026-07-03	0.27	0.3075	-18.82	663500	Downward Expansion	-63	62
2026-06-26	0.265	0.3098	-20.33	735200	Downward Expansion	-73	69
2026-06-19	0.275	0.3125	-20.06	1019000	Downward Expansion	-64	63
2026-06-12	0.265	0.3147	-22.25	1584200	Downward Expansion	-79	72
2026-06-05	0.28	0.3173	-18.97	967400	Downward Expansion	-70	63
2026-05-29	0.285	0.3195	-17.65	1846700	Downward Expansion	-66	56
2026-05-22	0.285	0.3218	-19.66	3941000	Downward Expansion	-69	53
2026-05-15	0.295	0.3245	-18.72	8038500	Downward Expansion	-59	42
2026-05-08	0.295	0.3265	-19.62	26089600	Downward Expansion	-60	40
2026-05-01	0.295	0.3287	-18.97	11786200	Downward Expansion	-62	39
2026-04-24	0.30	0.331	-18.10	39653400	Downward Expansion	-59	39
2026-04-17	0.30	0.3323	-17.51	5233000	Downward Expansion	-62	43
2026-04-10	0.31	0.3337	-15.24	2230400	Downward Expansion	-57	42
2026-04-03	0.30	0.3347	-18.81	1608400	Downward Expansion	-68	61
2026-03-27	0.305	0.3367	-18.91	1659600	Downward Expansion	-65	57
2026-03-20	0.315	0.3385	-17.29	2762400	Downward Expansion	-59	53
2026-03-13	0.305	0.3398	-19.48	2642500	Downward Expansion	-70	60
2026-03-06	0.315	0.3418	-18.39	3588300	Downward Expansion	-62	52
2026-02-27	0.315	0.3432	-18.88	1126800	Downward Expansion	-64	52
2026-02-20	0.325	0.3447	-18.69	343600	Downward Expansion	-54	38
2026-02-13	0.325	0.3458	-18.58	3684800	Downward Expansion	-55	37
2026-02-06	0.325	0.347	-18.80	2436400	Downward Expansion	-56	30
2026-01-30	0.335	0.3482	-17.33	2051000	Downward Expansion	-36	19
2026-01-23	0.33	0.349	-18.22	631700	Downward Expansion	-52	26
2026-01-16	0.34	0.35	-15.96	3234200	Downward Expansion	-48	28
2026-01-09	0.34	0.3507	-15.13	3886100	Downward Expansion	-52	32
2026-01-02	0.335	0.3515	-15.92	8307300	Downward Expansion	-54	45
2025-12-26	0.32	0.3528	-20.41	22452900	Downward Expansion	-69	51
2025-12-19	0.34	0.3547	-15.28	10631900	Downward Expansion	-52	36
2025-12-12	0.335	0.3556	-15.47	4088600	Downward Expansion	-61	48
2025-12-05	0.34	0.3571	-13.50	3364000	Downward Expansion	-56	45
2025-11-28	0.345	0.3584	-12.06	5051800	Downward Expansion	-51	44
2025-11-21	0.34	0.3598	-14.66	1565500	Balance	-58	43
2025-11-14	0.345	0.3614	-14.27	8011000	Balance	-52	26
2025-11-07	0.345	0.3632	-14.28	11142200	Balance	-42	18
2025-10-31	0.355	0.3648	-11.62	9620000	Balance	-25	15
2025-10-24	0.365	0.3663	-9.75	24729600	Balance	-15	17
2025-10-17	0.355	0.3676	-12.29	11642000	Downward Expansion	-33	16
2025-10-10	0.36	0.3692	-12.24	23390900	Downward Expansion	-38	23
2025-10-03	0.365	0.3707	-12.01	28334400	Downward Expansion	-47	37
2025-09-26	0.34	0.3721	-16.98	21321200	Downward Expansion	-69	72
2025-09-19	0.34	0.3754	-16.71	10797100	Downward Expansion	-73	67
2025-09-12	0.34	0.3778	-16.97	21183600	Downward Expansion	-77	53
2025-09-05	0.36	0.3806	-11.02	10629200	Downward Expansion	-50	31
2025-08-29	0.36	0.3835	-10.93	18764900	Downward Expansion	-52	34
2025-08-22	0.355	0.3864	-13.48	16450800	Downward Expansion	-59	39
2025-08-15	0.365	0.389	-10.01	16549400	Downward Expansion	-44	33
2025-08-08	0.355	0.3908	-11.48	20752700	Downward Expansion	-62	43
2025-08-01	0.36	0.3928	-9.06	15313400	Downward Expansion	-57	42
2025-07-25	0.36	0.3949	-9.26	17978400	Downward Expansion	-60	47
2025-07-18	0.36	0.3965	-9.04	16080700	Downward Expansion	-63	61
2025-07-11	0.36	0.3983	-9.93	16534200	Downward Expansion	-65	67
2025-07-04	0.36	0.4006	-11.15	17076100	Downward Expansion	-65	60
2025-06-27	0.36	0.4036	-10.11	12560400	Downward Expansion	-68	57
2025-06-20	0.36	0.408	-8.81	17643000	Downward Expansion	-70	55
2025-06-13	0.365	0.4106	-8.54	22008000	Downward Expansion	-70	61
2025-06-06	0.375	0.4126	-5.84	12273400	Downward Expansion	-62	58
2025-05-30	0.3746	0.4145	-5.16	16962300	Downward Expansion	-65	65
2025-05-23	0.3697	0.4168	-7.74	10352100	Downward Expansion	-70	67
2025-05-16	0.3795	0.4198	-7.29	9573100	Downward Expansion	-65	60
2025-05-09	0.3795	0.4223	-5.60	12031100	Downward Expansion	-66	55
2025-05-02	0.3843	0.4241	-3.94	6936200	Downward Expansion	-65	48
2025-04-25	0.3892	0.4257	-0.36	6493100	Downward Expansion	-63	47
2025-04-18	0.3989	0.427	3.02	19884400	Downward Expansion	-57	43
2025-04-11	0.3941	0.427	5.27	21393900	Downward Expansion	-63	52
2025-04-04	0.3989	0.4268	3.45	5621400	Downward Expansion	-60	58
2025-03-28	0.4038	0.4268	4.41	11002300	Downward Expansion	-58	58
2025-03-21	0.4038	0.4268	5.21	7343300	Balance	-59	53
2025-03-14	0.4038	0.4268	5.17	17439600	Balance	-31	37
2025-03-07	0.4086	0.4266	4.35	13084700	Balance	-27	20
2025-02-28	0.4378	0.4268	10.19	20790800	Balance	35	13
2025-02-21	0.4135	0.4262	3.40	21379200	Balance	18	10
2025-02-14	0.4232	0.427	6.05	16581500	Balance	27	18
2025-02-07	0.4476	0.4281	12.43	19847000	Balance	41	24
2025-01-31	0.4476	0.4291	15.33	11874300	Balance	20	11
2025-01-24	0.433	0.4286	10.89	14150600	Balance	-7	9
2025-01-17	0.4184	0.4284	7.96	10835200	Balance	-15	27
2025-01-10	0.4135	0.4276	4.46	19253500	Balance	-18	23
2025-01-03	0.4232	0.4258	5.20	19490900	Balance	-12	20
2024-12-27	0.4086	0.4231	1.77	20802300	Balance	8	15
2024-12-20	0.4135	0.4203	5.34	36508700	Upward Expansion	20	14
2024-12-13	0.4281	0.4179	7.90	37000000	Upward Expansion	47	31
2024-12-06	0.4524	0.4153	13.87	53883300	Upward Expansion	53	35
2024-11-29	0.4914	0.4117	25.41	46186200	Upward Expansion	78	44
2024-11-22	0.4378	0.407	12.58	18873300	Upward Expansion	39	21
2024-11-15	0.4232	0.4044	8.80	12141600	Upward Expansion	53	34
2024-11-08	0.433	0.4015	9.41	6733300	Upward Expansion	59	57
2024-11-01	0.4427	0.3986	13.21	4941800	Upward Expansion	62	68
2024-10-25	0.4622	0.3952	17.43	13248400	Upward Expansion	74	75
2024-10-18	0.4524	0.3919	13.35	9524100	Upward Expansion	69	68
2024-10-11	0.433	0.3879	9.49	20778100	Deceleration	49	50
2024-10-04	0.433	0.3851	9.82	17641000	Deceleration	47	27
2024-09-27	0.4281	0.3822	6.60	11812200	Deceleration	41	18
2024-09-20	0.3989	0.3796	-1.22	6938700	Deceleration	14	12
2024-09-13	0.3892	0.3781	-2.83	14270300	Deceleration	21	15
2024-09-06	0.3989	0.3773	-0.72	2060900	Deceleration	28	19
2024-08-30	0.4038	0.3757	-1.32	4175000	Deceleration	30	21
2024-08-23	0.4038	0.3737	1.00	10926700	Deceleration	34	23
2024-08-16	0.3989	0.3721	0.19	5947200	Upward Expansion	40	23
2024-08-09	0.4135	0.3712	5.43	21240900	Upward Expansion	57	41
2024-08-02	0.4184	0.3699	5.51	13369200	Upward Expansion	64	58
2024-07-26	0.4378	0.3681	10.03	14866600	Upward Expansion	67	84
2024-07-19	0.4573	0.3658	13.09	13494800	Upward Expansion	74	89
2024-07-12	0.4768	0.363	19.04	18017500	Upward Expansion	90	93
2024-07-05	0.433	0.3593	8.62	14110100	Balance	81	84
2024-06-28	0.4281	0.357	8.56	62159100	Balance	54	63
2024-06-21	0.3941	0.3549	-0.45	13562000	Balance	32	31
2024-06-14	0.36	0.3542	-10.45	10764300	Balance	-32	18
2024-06-07	0.3405	0.3546	-16.61	2347700	Balance	-50	40
2024-05-31	0.3259	0.3554	-19.91	8126900	Balance	-62	44
2024-05-24	0.3405	0.3564	-18.34	8381100	Balance	-50	22
2024-05-17	0.3503	0.357	-16.64	4050500	Balance	-31	15
2024-05-10	0.3454	0.3575	-17.38	2723000	Balance	-37	17
2024-05-03	0.3503	0.3583	-16.06	2518200	Balance	-32	16
2024-04-26	0.36	0.3592	-13.43	4348700	Balance	-30	18
2024-04-19	0.3357	0.3596	-18.28	4929500	Balance	-57	28
2024-04-12	0.3454	0.3611	-16.68	861000	Balance	-50	27
2024-04-05	0.3405	0.3626	-18.71	3296400	Balance	-56	30
2024-03-29	0.3649	0.3647	-12.49	10147100	Balance	-44	26
2024-03-22	0.3308	0.3659	-21.36	6745500	Balance	-70	51
2024-03-15	0.3503	0.3688	-17.98	8995600	Balance	-53	31
2024-03-08	0.3454	0.3703	-19.09	4524400	Balance	-59	32
2024-03-01	0.35	0.3724	-18.61	12597400	Balance	-56	31
2024-02-23	0.3547	0.3747	-18.99	14694900	Balance	-53	42
2024-02-16	0.3642	0.3769	-17.30	6009600	Balance	-52	44
2024-02-09	0.35	0.3786	-20.68	7473900	Balance	-59	48
2024-02-02	0.3453	0.381	-23.12	7281400	Balance	-63	35
2024-01-26	0.3547	0.3832	-21.77	15032100	Balance	-56	27
2024-01-19	0.3736	0.3858	-17.80	22541700	Balance	-22	12
2024-01-12	0.3736	0.3878	-18.92	8138300	Downward Expansion	-35	17
2024-01-05	0.3642	0.3912	-22.08	7745700	Downward Expansion	-53	28
2023-12-29	0.3689	0.3946	-20.48	4267200	Downward Expansion	-40	25
2023-12-22	0.3736	0.3981	-20.47	6251700	Downward Expansion	-42	28
2023-12-15	0.3642	0.4013	-23.90	7526800	Downward Expansion	-45	30
2023-12-08	0.3642	0.4026	-23.77	26934200	Downward Expansion	-45	28
2023-12-01	0.3642	0.404	-25.19	4753800	Downward Expansion	-47	31
2023-11-24	0.3736	0.406	-23.64	6343100	Downward Expansion	-46	35
2023-11-17	0.3736	0.4079	-24.48	10764300	Downward Expansion	-60	46
2023-11-10	0.3642	0.4102	-25.92	7247000	Downward Expansion	-64	61
2023-11-03	0.3547	0.4139	-28.51	4340000	Downward Expansion	-72	70
2023-10-27	0.3595	0.4177	-27.78	4867200	Downward Expansion	-71	68
2023-10-20	0.3642	0.4201	-27.29	4381900	Downward Expansion	-70	69
2023-10-13	0.3689	0.4236	-26.87	17479100	Downward Expansion	-71	72
2023-10-06	0.3784	0.4273	-23.90	29085300	Downward Expansion	-66	67
2023-09-29	0.3736	0.4313	-25.47	22345100	Downward Expansion	-70	62

Price vs TrendBelow-11.5%

Trend directionFalling-7.5%

Price vs current Fair ValueBelow anchor-30.6%

Fair Value directionMoving away-4.5%

Relative Strength vs benchmarkLagging-17.8%

Relative strength directionImproving+2.3%

Price momentumNegative-20.6%

Volume balanceSupply-led0.58×

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

-75 / ±100

-7.8 points since 2026-08-21

Energy

47 /100

-3.4 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.

0161 Directional State ↗ 0161 Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance12

Rotation Up24

Upward Expansion5

Deceleration58

Rotation Down56

Downward Expansion81

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

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

Balance 28%Upward Expansion 10%Deceleration 5%Downward Expansion 57%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2025-11-28	2026-09-18	Extended	-27.5%
Balance	2025-10-24	2025-11-21	Developing	-6.8%
Downward Expansion	2025-03-28	2025-10-17	Extended	-12.1%
Balance	2024-12-27	2025-03-21	Established	-1.2%
Upward Expansion	2024-10-18	2024-12-20	Developing	-8.6%
Deceleration	2024-08-23	2024-10-11	Developing	+7.2%
Upward Expansion	2024-07-12	2024-08-16	Developing	-16.3%
Balance	2024-01-19	2024-07-05	Established	+15.9%
Downward Expansion	2023-05-05	2024-01-12	Extended	-12.1%
Rotation Down	2023-03-24	2023-04-28	Developing	-7.9%
Deceleration	2023-03-03	2023-03-17	New	-14.7%
Upward Expansion	2022-08-26	2023-02-24	Extended	+97.3%
Deceleration	2022-06-10	2022-08-19	Developing	+7.1%
Upward Expansion	2022-04-08	2022-06-03	Developing	+4.3%

Classic Stage Analysis comparison

Stage 1 · Basing63

Stage 2 · Advancing0

Stage 3 · Distribution9

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 ^KLSE

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: 94/100
Current Relative Strength: -17.76
Relative Strength direction: Improving
Price momentum: -20.6%
Excess performance vs benchmark: -17.4%
Basic Materials regime cohort: 73th percentile44 in cohort

Test 0161 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.98×

Latest completed volume relative to typical participation.

Up/down volume0.58×

Participation balance between advancing and declining observations.

Accumulation / distribution0 / 0

Recent participation evidence classified by demand and supply.

Activity alignment+0.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

Current relationship between Fast Activity and Slow Activity.

Structure stability+0.0%

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 0161 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity MYR 0.2593falling

Slow Activity MYR 0.2721falling

Trend Reference MYR 0.2825-11.5% close margin

Current Fair Value MYR 0.3604-30.6% close margin

Structural low MYR 0.245shock / 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 +5.1%

Annualized volatility +19.7%

From structural high -32.4%

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 ^KLSE	Regime survived	Read
Near term	29	-2.6%-10.2% to +30.2%	+27.6%	+69.0%	-3.1%	+89.7%	Usable descriptive sample
Intermediate	9	-5.6%-15.6% to -1.1%	+0.0%	+100.0%	-10.1%	+77.8%	Usable descriptive sample
Extended	5	-10.3%-16.5% to +14.8%	+20.0%	+80.0%	-16.7%	+60.0%	Usable descriptive sample
Full cycle	3	-17.6%-24.5% to +122.8%	+33.3%	+66.7%	-28.7%	+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.

0161 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