Weekly structural research · NASDAQ · Communication Services

NEXN Stage Analysis

Nexxen International Ltd

Week ending 9 Oct 2026Close USD 8.95Tenure NewBenchmark QQQ

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Deceleration · Recompressing

The upward structure remains, but its energy is decelerating.

Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down.

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

Direction 0−100 bearish to +100 bullish

Energy 22/100directional strength

Maturity 41/100lifecycle context

Confidence 92/100evidence agreement

Trend gate Upstructural direction

Activity structure Moderatecontracting separation

Price acceptance -50.0%position within the Activity structure

Fair Value context +16.6%USD 7.68 · 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
2026-10-09	8.95	8.69	0.10	1561644	Deceleration	0	22
2026-10-02	8.81	8.64	-1.53	2356562	Deceleration	-0	23
2026-09-25	8.70	8.59	-2.49	1686408	Deceleration	-2	21
2026-09-18	8.71	8.52	0.16	2669444	Deceleration	14	19
2026-09-11	9.16	8.43	5.66	1533980	Upward Expansion	38	22
2026-09-04	9.56	8.33	8.98	2497154	Upward Expansion	47	36
2026-08-28	10.23	8.21	16.32	2553379	Upward Expansion	62	53
2026-08-21	10.28	8.07	16.76	2819209	Upward Expansion	65	58
2026-08-14	10.47	7.94	15.32	2838786	Upward Expansion	68	63
2026-08-07	10.90	7.80	20.97	2350181	Upward Expansion	83	81
2026-07-31	10.28	7.64	19.57	2735254	Upward Expansion	76	77
2026-07-24	9.82	7.50	14.28	2014371	Upward Expansion	70	81
2026-07-17	10.16	7.40	15.44	3197408	Upward Expansion	84	83
2026-07-10	9.66	7.28	4.57	1898441	Upward Expansion	80	75
2026-07-03	9.55	7.18	4.62	1361461	Upward Expansion	86	79
2026-06-26	8.66	7.08	-5.04	2730663	Upward Expansion	68	70
2026-06-19	8.60	7.00	-10.84	1516956	Upward Expansion	69	77
2026-06-12	8.58	6.93	-9.59	737937	Upward Expansion	71	77
2026-06-05	8.53	6.86	-8.98	1251447	Upward Expansion	74	75
2026-05-29	8.40	6.83	-15.40	866443	Upward Expansion	74	71
2026-05-22	8.28	6.83	-15.54	1763183	Upward Expansion	75	70
2026-05-15	7.69	6.84	-21.64	1978487	Rotation Up	64	63
2026-05-08	7.69	6.88	-23.04	963086	Rotation Up	39	56
2026-05-01	7.57	6.89	-21.46	1286776	Balance	35	48
2026-04-24	7.37	6.92	-23.39	1435237	Balance	30	28
2026-04-17	7.49	6.99	-21.39	1478043	Balance	7	9
2026-04-10	6.85	7.06	-24.54	985377	Balance	-19	12
2026-04-03	6.61	7.16	-24.71	1574116	Balance	-13	10
2026-03-27	6.50	7.27	-23.71	1123273	Balance	-9	17
2026-03-20	6.58	7.38	-25.71	2872350	Balance	-7	20
2026-03-13	7.43	7.50	-18.15	2283751	Downward Expansion	5	19
2026-03-06	7.46	7.57	-18.94	2214997	Downward Expansion	-13	13
2026-02-27	6.44	7.65	-31.37	1617649	Downward Expansion	-47	38
2026-02-20	6.14	7.77	-35.17	944416	Downward Expansion	-61	50
2026-02-13	6.10	7.93	-35.42	1834311	Downward Expansion	-63	52
2026-02-06	5.90	8.06	-38.98	1808037	Downward Expansion	-71	55
2026-01-30	6.18	8.19	-37.97	1531066	Downward Expansion	-64	55
2026-01-23	6.44	8.33	-36.10	1202979	Downward Expansion	-63	58
2026-01-16	6.16	8.46	-39.27	1896459	Downward Expansion	-67	63
2026-01-09	5.94	8.58	-42.61	2360029	Downward Expansion	-77	64
2026-01-02	6.32	8.71	-38.32	1368661	Downward Expansion	-70	61
2025-12-26	6.70	8.86	-36.46	935960	Downward Expansion	-64	59
2025-12-19	6.51	9.02	-38.09	3006364	Downward Expansion	-68	65
2025-12-12	6.68	9.16	-36.72	1749741	Downward Expansion	-67	84
2025-12-05	6.47	9.31	-40.45	1438416	Downward Expansion	-72	89
2025-11-28	6.47	9.48	-40.42	1027078	Downward Expansion	-78	91
2025-11-21	6.56	9.61	-37.21	2347657	Downward Expansion	-82	91
2025-11-14	6.43	9.71	-40.91	3639656	Downward Expansion	-89	87
2025-11-07	7.67	9.80	-29.97	1938939	Downward Expansion	-77	70
2025-10-31	8.22	9.83	-27.47	1453945	Downward Expansion	-70	72
2025-10-24	8.58	9.81	-23.13	2142030	Downward Expansion	-63	70
2025-10-17	8.84	9.78	-19.26	3081454	Rotation Down	-61	67
2025-10-10	8.08	9.73	-24.56	2384644	Rotation Down	-53	65
2025-10-03	8.59	9.70	-21.80	2563274	Deceleration	-46	50
2025-09-26	9.47	9.71	-12.94	1696413	Deceleration	-27	26
2025-09-19	9.49	9.66	-13.24	2536245	Deceleration	-0	8
2025-09-12	9.75	9.65	-9.08	1654396	Deceleration	6	5
2025-09-05	9.88	9.66	-6.11	1396958	Deceleration	9	8
2025-08-29	10.03	9.64	-3.71	1452935	Deceleration	12	11
2025-08-22	10.17	9.63	-2.52	1550239	Deceleration	13	12
2025-08-15	9.55	9.60	-9.21	2474383	Deceleration	5	5
2025-08-08	9.65	9.62	-7.69	1993290	Deceleration	12	9
2025-08-01	10.02	9.63	-0.43	1935973	Deceleration	31	16
2025-07-25	11.01	9.64	7.33	2155209	Deceleration	56	27
2025-07-18	10.16	9.61	0.50	2826766	Deceleration	29	15
2025-07-11	9.74	9.60	-1.89	2690909	Deceleration	27	19
2025-07-04	10.27	9.62	3.65	2791676	Deceleration	33	22
2025-06-27	10.38	9.60	7.01	7177794	Deceleration	35	22
2025-06-20	9.70	9.59	4.96	1407260	Upward Expansion	41	25
2025-06-13	9.94	9.59	8.20	1352232	Upward Expansion	56	39
2025-06-06	10.72	9.51	16.83	1761869	Upward Expansion	62	61
2025-05-30	11.62	9.42	30.17	1960040	Upward Expansion	72	75
2025-05-23	10.62	9.30	22.32	2167013	Upward Expansion	64	72
2025-05-16	11.21	9.21	27.12	2502810	Rotation Up	62	69
2025-05-09	11.54	9.11	41.26	2211708	Rotation Up	52	55
2025-05-02	10.34	8.99	27.90	1972156	Balance	29	30
2025-04-25	9.59	8.91	23.92	1713625	Balance	14	16
2025-04-18	9.05	8.86	25.52	1285023	Rotation Down	-6	8
2025-04-11	8.65	8.84	18.21	2450016	Rotation Down	-29	28
2025-04-04	7.73	8.80	14.40	2472495	Rotation Down	-35	55
2025-03-28	7.62	8.79	2.43	1573402	Rotation Down	-38	58
2025-03-21	7.22	8.80	-4.70	1661628	Rotation Down	-38	60
2025-03-14	7.33	8.82	-2.54	2583237	Deceleration	-39	46
2025-03-07	8.78	8.82	14.43	2929449	Deceleration	4	15
2025-02-28	8.15	8.76	3.61	3950627	Deceleration	-11	18
2025-02-21	8.94	8.71	10.34	1370055	Deceleration	22	14
2025-02-14	10.13	8.63	23.05	304911	Deceleration	44	22
2025-02-07	9.40	8.50	18.58	615458	Deceleration	37	20
2025-01-31	9.58	8.39	22.05	596824	Upward Expansion	43	28
2025-01-24	9.37	8.27	18.71	443063	Upward Expansion	47	37
2025-01-17	10.26	8.15	32.86	549395	Upward Expansion	66	52
2025-01-10	9.89	8.01	32.98	716083	Upward Expansion	62	51
2025-01-03	10.39	7.88	37.89	571150	Upward Expansion	74	65
2024-12-27	9.98	7.75	32.84	268242	Upward Expansion	66	74
2024-12-20	9.81	7.64	32.95	744585	Upward Expansion	66	84
2024-12-13	10.30	7.52	37.79	1181278	Upward Expansion	78	90
2024-12-06	9.90	7.37	34.89	1545819	Upward Expansion	78	85
2024-11-29	9.80	7.23	39.42	740415	Upward Expansion	82	78
2024-11-22	9.97	7.08	44.92	2674677	Upward Expansion	85	55
2024-11-15	7.48	6.94	12.35	637691	Upward Expansion	39	24
2024-11-08	7.90	6.87	15.56	285545	Upward Expansion	54	37
2024-11-01	8.13	6.80	26.50	314089	Upward Expansion	60	41
2024-10-25	7.94	6.70	22.75	346620	Upward Expansion	57	42
2024-10-18	8.17	6.61	27.78	550313	Upward Expansion	64	49
2024-10-11	7.80	6.50	23.54	431650	Upward Expansion	60	54
2024-10-04	7.97	6.40	29.05	212979	Upward Expansion	63	58
2024-09-27	8.15	6.31	33.52	211363	Upward Expansion	72	63
2024-09-20	8.34	6.21	39.50	493253	Upward Expansion	81	67
2024-09-13	7.54	6.10	29.53	343923	Upward Expansion	65	77
2024-09-06	7.53	6.01	38.22	170901	Upward Expansion	67	84
2024-08-30	7.81	5.93	36.54	349183	Upward Expansion	80	90
2024-08-23	7.99	5.83	39.97	494894	Upward Expansion	92	93
2024-08-16	7.20	5.74	28.62	158927	Upward Expansion	81	82
2024-08-09	6.92	5.68	31.16	307706	Upward Expansion	78	75
2024-08-02	6.75	5.62	28.01	218435	Upward Expansion	76	66
2024-07-26	6.57	5.55	19.81	133788	Deceleration	74	47
2024-07-19	6.12	5.50	7.77	285199	Deceleration	42	24
2024-07-12	6.10	5.46	1.98	265848	Deceleration	42	25
2024-07-05	6.13	5.41	0.96	358133	Upward Expansion	45	26
2024-06-28	5.62	5.35	-5.23	236143	Upward Expansion	46	34
2024-06-21	6.13	5.28	2.05	349921	Upward Expansion	64	63
2024-06-14	6.06	5.20	0.13	261033	Upward Expansion	66	78
2024-06-07	6.45	5.12	9.18	263466	Upward Expansion	76	86
2024-05-31	6.60	5.02	13.60	597872	Upward Expansion	88	86
2024-05-24	6.18	4.92	3.90	929596	Upward Expansion	81	64
2024-05-17	5.73	4.83	-2.91	236542	Upward Expansion	66	50
2024-05-10	5.75	4.75	-1.14	225786	Upward Expansion	70	57
2024-05-03	5.52	4.67	-4.18	251669	Upward Expansion	63	65
2024-04-26	5.53	4.60	-3.59	164255	Upward Expansion	64	67
2024-04-19	5.60	4.53	0.75	182858	Upward Expansion	71	69
2024-04-12	5.61	4.46	-5.04	251064	Upward Expansion	75	54
2024-04-05	5.22	4.40	-12.76	320389	Deceleration	60	36
2024-03-29	5.22	4.35	-14.11	132974	Deceleration	61	34
2024-03-22	4.92	4.31	-20.00	131732	Upward Expansion	41	29
2024-03-15	4.86	4.27	-19.28	210207	Upward Expansion	44	33
2024-03-08	5.01	4.25	-18.47	388744	Upward Expansion	55	39
2024-03-01	5.29	4.29	-16.19	254993	Rotation Up	66	43
2024-02-23	5.05	4.36	-19.89	235674	Rotation Up	47	35
2024-02-16	4.97	4.44	-21.54	185670	Rotation Up	21	29
2024-02-09	4.85	4.53	-26.01	181455	Rotation Up	33	40
2024-02-02	5.05	4.62	-22.95	440752	Rotation Up	37	52
2024-01-26	5.23	4.69	-20.72	964378	Rotation Up	44	57
2024-01-19	5.22	4.75	-21.86	319575	Rotation Up	38	61
2024-01-12	5.12	4.81	-22.56	146104	Rotation Up	37	62
2024-01-05	4.77	4.87	-26.72	134075	Rotation Up	8	44
2023-12-29	5.06	4.96	-25.79	241583	Rotation Up	23	43
2023-12-22	4.80	5.02	-30.33	451012	Downward Expansion	16	33
2023-12-15	4.69	5.06	-32.23	494247	Downward Expansion	5	22
2023-12-08	4.27	5.10	-37.17	1150127	Downward Expansion	-37	27
2023-12-01	3.66	5.14	-46.86	425974	Downward Expansion	-46	45
2023-11-24	3.73	5.19	-46.85	266256	Downward Expansion	-48	47
2023-11-17	3.56	5.26	-49.63	242599	Downward Expansion	-52	55
2023-11-10	3.60	5.32	-48.82	237376	Downward Expansion	-53	52
2023-11-03	3.68	5.40	-47.33	294886	Downward Expansion	-64	58
2023-10-27	3.22	5.46	-51.86	174523	Downward Expansion	-72	65
2023-10-20	3.37	5.52	-51.81	186853	Downward Expansion	-70	66

Price vs TrendAbove+3.0%

Trend directionRising+13.8%

Price vs current Fair ValuePremium+16.6%

Fair Value directionMoving away-16.3%

Relative Strength vs benchmarkLeading+0.1%

Relative strength directionWeakening-4.5%

Price momentumPositive+30.7%

Volume balanceSupply-led0.66×

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

0 / ±100

-37.5 points since 2026-09-11

Energy

22 /100

-0.1 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.

NEXN Directional State ↗ NEXN Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance55

Rotation Up14

Upward Expansion43

Deceleration81

Rotation Down45

Downward Expansion37

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 6%Rotation Up 9%Upward Expansion 42%Deceleration 19%Rotation Down 5%Downward Expansion 20%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Deceleration	2026-09-18	2026-10-09	New	+2.8%
Upward Expansion	2026-05-22	2026-09-11	Established	+10.6%
Rotation Up	2026-05-08	2026-05-15	New	+0.0%
Balance	2026-03-20	2026-05-01	Developing	+15.0%
Downward Expansion	2025-10-24	2026-03-13	Established	-13.4%
Rotation Down	2025-10-10	2025-10-17	New	+9.4%
Deceleration	2025-06-27	2025-10-03	Established	-17.2%
Upward Expansion	2025-05-23	2025-06-20	Developing	-8.7%
Rotation Up	2025-05-09	2025-05-16	New	-2.9%
Balance	2025-04-25	2025-05-02	New	+7.8%
Rotation Down	2025-03-21	2025-04-18	Developing	+25.3%
Deceleration	2025-02-07	2025-03-14	Developing	-22.0%
Upward Expansion	2024-08-02	2025-01-31	Extended	+41.9%
Deceleration	2024-07-12	2024-07-26	New	+7.7%

Classic Stage Analysis comparison

Stage 1 · Basing19

Stage 2 · Advancing83

Stage 3 · Distribution64

Stage 4 · Declining17

Legacy result: Stage 2 · Stage 2B · Advancing. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus QQQ

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: 83/100
Current Relative Strength: 0.10
Relative Strength direction: Weakening
Price momentum: +30.7%
Excess performance vs benchmark: +7.7%
Communication Services regime cohort: 77th percentile22 in cohort

Test NEXN trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.76×

Latest completed volume relative to typical participation.

Up/down volume0.66×

Participation balance between advancing and declining observations.

Accumulation / distribution4 / 5

Recent participation evidence classified by demand and supply.

Activity alignment+50.0%

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 NEXN Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity USD 8.84falling

Slow Activity USD 9.21rising

Trend Reference USD 8.69+3.0% close margin

Current Fair Value USD 7.68+16.6% close margin

Structural low USD 6.78shock / repair context

What changes the read?

Renewed positive order and expanding width produce re-acceleration; fast/slow failure with downside acceptance produces Rotation Down.

Range context +9.2%

Annualized volatility +29.2%

From structural high -20.8%

From structural low +59.8%

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 QQQ	Regime survived	Read
Near term	8	-6.6%-12.0% to +13.4%	+37.5%	+37.5%	+0.7%	+50.0%	Usable descriptive sample
Intermediate	5	+7.7%-29.3% to +27.9%	+60.0%	+60.0%	-0.4%	+20.0%	Usable descriptive sample
Extended	3	+2.7%-38.9% to +56.1%	+66.7%	+66.7%	-7.5%	+33.3%	Too little matched history
Full cycle	2	+14.7%-16.6% to +46.0%	+50.0%	+50.0%	-3.1%	+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.

NEXN Stage Analysis

What the Activity Line geometry says now

The upward structure remains, but its energy is decelerating.

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

Leading 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 upward structure remains, but its energy is decelerating.

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 ?

Leading 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