Weekly structural research ยท HKG ยท Communication Services

1060 Stage Analysis

Damai Entertainment Holdings Limited

Week ending 25 Sep 2026Close HKD 0.445Tenure ExtendedBenchmark ^HSI
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Downward Expansion ยท 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 expanding.
Direction -81โˆ’100 bearish to +100 bullish
Energy 63/100directional strength
Maturity 76/100lifecycle context
Confidence 89/100evidence agreement
Trend gate Downstructural direction
Activity structure Moderateexpanding separation
Price acceptance -66.7%position within the Activity structure
Fair Value context -28.4%HKD 0.6219 ยท weakening
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
2026-09-250.4450.5633-34.28238597673Downward Expansion-8163
2026-09-180.490.5758-29.38419617942Downward Expansion-6143
2026-09-110.5050.5892-28.41473393689Downward Expansion-5337
2026-09-040.500.6043-32.51554490220Downward Expansion-4834
2026-08-280.500.6193-33.39495387696Downward Expansion-4532
2026-08-210.510.6357-34.3255820000Downward Expansion-4028
2026-08-140.5250.6493-31.4099053913Downward Expansion-4130
2026-08-070.5350.6628-32.78151990322Downward Expansion-4638
2026-07-310.520.6737-36.26174456391Downward Expansion-5949
2026-07-240.4850.686-39.2379391752Downward Expansion-6357
2026-07-170.4750.6995-40.41297025462Downward Expansion-6969
2026-07-100.4950.7127-38.07143947025Downward Expansion-6677
2026-07-030.490.7248-37.28100434879Downward Expansion-7381
2026-06-260.4550.7385-40.62127648288Downward Expansion-8584
2026-06-190.530.753-35.18617852427Downward Expansion-7468
2026-06-120.560.7627-34.29145930005Downward Expansion-6953
2026-06-050.600.775-31.04143682020Downward Expansion-6044
2026-05-290.580.7863-34.501368418485Downward Expansion-5743
2026-05-220.620.7977-31.582789257569Downward Expansion-4941
2026-05-150.660.8093-28.491061817317Downward Expansion-6355
2026-05-080.610.8183-34.84677941968Downward Expansion-6661
2026-05-010.580.83-36.50493156305Downward Expansion-7375
2026-04-240.580.845-37.00477817978Downward Expansion-7781
2026-04-170.610.86-34.22606414121Downward Expansion-7485
2026-04-100.630.8757-31.35359672771Downward Expansion-7285
2026-04-030.640.893-28.10296001256Downward Expansion-7486
2026-03-270.650.9083-26.44683026473Downward Expansion-7786
2026-03-200.660.9253-26.15858399082Downward Expansion-8084
2026-03-130.690.947-23.23722153886Downward Expansion-7876
2026-03-060.770.965-15.08944591528Balance-6655
2026-02-270.820.9787-12.211145547633Balance-4926
2026-02-200.890.987-3.57120638734Balance-1813
2026-02-130.960.9953.921542741961Balance-815
2026-02-060.951.013.34833087384Balance-1115
2026-01-300.991.015.25859657872Downward Expansion-710
2026-01-230.921.000.70725852847Downward Expansion-3620
2026-01-160.931.011.941204449144Downward Expansion-4025
2026-01-090.861.00-3.08835480402Downward Expansion-5736
2026-01-020.891.010.34516012337Downward Expansion-5336
2025-12-260.891.012.96203672220Downward Expansion-5639
2025-12-190.871.011.74809391439Downward Expansion-5948
2025-12-120.861.010.051528323668Downward Expansion-6462
2025-12-050.900.99354.83548038441Rotation Down-3346
2025-11-280.890.97985.37732937199Rotation Down-3345
2025-11-210.820.96720.281177721331Rotation Down-4949
2025-11-140.930.95658.681072361814Rotation Down-2328
2025-11-070.940.941811.971288874925Deceleration-2140
2025-10-310.920.927511.81444016642Deceleration-834
2025-10-240.970.915217.61908231676Deceleration221
2025-10-170.930.900817.881374104513Deceleration-521
2025-10-100.960.887817.92497512082Deceleration215
2025-10-031.030.873823.66461240000Deceleration2920
2025-09-261.030.858229.64854103168Deceleration3422
2025-09-191.080.842235.311429310252Upward Expansion4127
2025-09-121.150.825546.821252981308Upward Expansion4839
2025-09-051.100.808247.941146123382Upward Expansion5948
2025-08-291.160.78760.481907431718Upward Expansion6354
2025-08-221.310.76682.491723579011Upward Expansion7762
2025-08-151.230.739375.501705550443Upward Expansion7157
2025-08-081.180.715774.401350105469Upward Expansion7060
2025-08-011.070.692263.321661223560Upward Expansion6458
2025-07-251.130.67269.052016598944Upward Expansion6962
2025-07-181.270.650797.322953980141Upward Expansion8970
2025-07-110.990.62461.501787558907Upward Expansion7061
2025-07-040.920.606853.551020425366Upward Expansion6563
2025-06-270.970.590561.351865941718Upward Expansion7389
2025-06-200.890.572354.772340506536Upward Expansion6587
2025-06-131.010.556274.833624048551Upward Expansion8795
2025-06-060.950.53867.272781290270Upward Expansion9096
2025-05-300.810.522847.603823324517Upward Expansion8485
2025-05-230.770.511839.585786544610Deceleration7665
2025-05-160.4950.5017-8.77423765981Deceleration-1727
2025-05-090.490.5005-8.00306833601Deceleration-1618
2025-05-020.510.4998-2.97185660670Deceleration914
2025-04-250.500.5005-2.91154270687Deceleration811
2025-04-180.490.4988-2.49375600021Deceleration1611
2025-04-110.510.4953.59907186148Deceleration2814
2025-04-040.550.49032.02205706134Deceleration3620
2025-03-280.540.4842-2.51286527389Deceleration3722
2025-03-210.540.4785-3.94510369398Upward Expansion4126
2025-03-140.540.4727-5.46631557116Upward Expansion5439
2025-03-070.560.4673-3.35766000006Upward Expansion5959
2025-02-280.550.46130.081335949127Upward Expansion6049
2025-02-210.580.45582.842711938486Upward Expansion7165
2025-02-140.630.449815.633087542894Upward Expansion8870
2025-02-070.4650.4425-8.67545580882Upward Expansion5643
2025-01-310.530.44128.3476870000Upward Expansion7168
2025-01-240.510.43725.09306893742Upward Expansion6560
2025-01-170.520.4349.73718432072Upward Expansion7465
2025-01-100.4750.43132.85676183200Upward Expansion5250
2025-01-030.4650.4312-3.15317363540Balance4842
2024-12-270.490.43030.06509739034Balance5333
2024-12-200.470.429-2.51570328574Balance3616
2024-12-130.4750.4293-2.99818169758Balance3521
2024-12-060.430.429-12.07214281600Balance2319
2024-11-290.4250.4303-11.73284310000Rotation Up2716
2024-11-220.4050.4325-15.70535410000Rotation Up-28
2024-11-150.4650.4342-4.95329542400Rotation Up2828
2024-11-080.4950.4325-5.63490780141Rotation Up4035
2024-11-010.480.4312-8.03405020626Rotation Up3536
2024-10-250.4650.43-11.67405302192Rotation Up2548
2024-10-180.460.4297-13.91637149818Rotation Up2541
2024-10-110.470.43-14.381159728570Rotation Up2640
2024-10-040.530.429-10.38881546641Rotation Up4645
2024-09-270.450.4252-16.68737307132Downward Expansion-1113
2024-09-200.3750.4253-22.2873220896Downward Expansion-6254
2024-09-130.370.4285-20.03112730400Downward Expansion-6571
2024-09-060.3650.4315-21.96101380000Downward Expansion-7074
2024-08-300.370.4335-23.64172657795Downward Expansion-6975
2024-08-230.3650.4347-23.4988655000Downward Expansion-7679
2024-08-160.380.4363-19.9993543847Downward Expansion-6872
2024-08-090.380.438-18.70199050000Downward Expansion-7273
2024-08-020.3850.4408-17.22167480002Downward Expansion-7267
2024-07-260.400.4432-14.51121208237Downward Expansion-6662
2024-07-190.410.4458-14.38129131300Downward Expansion-6060
2024-07-120.4250.4472-15.50175424403Downward Expansion-5351
2024-07-050.410.4492-16.28132016920Balance-5449
2024-06-280.4150.4522-14.83266639720Balance-5134
2024-06-210.440.4563-11.14204779139Balance-1111
2024-06-140.470.46-4.37300634983Balance85
2024-06-070.440.462-12.29291693892Balance-2410
2024-05-310.450.4653-8.71371063480Balance510
2024-05-240.480.4677-5.19622906670Balance1727
2024-05-170.4650.4683-12.33392605439Balance-815
2024-05-100.470.4698-8.51295356159Balance-109
2024-05-030.490.4728-2.04200973244Balance-03
2024-04-260.4550.4752-4.62199003154Balance-3320
2024-04-190.4150.4807-5.30184256526Balance-4926
2024-04-120.4550.48580.81136675937Balance-2012
2024-04-050.4450.489-1.3371610000Downward Expansion-3315
2024-03-290.4550.49082.11125010000Downward Expansion-3320
2024-03-220.470.4935.93315110000Downward Expansion-3421
2024-03-150.440.495-1.90255049525Downward Expansion-3823
2024-03-080.4150.4965-5.30265469045Downward Expansion-5226
2024-03-010.4550.502.43271181274Downward Expansion-3821
2024-02-230.470.5015.10311540400Downward Expansion-4532
2024-02-160.460.50125.5354800000Downward Expansion-5954
2024-02-090.4250.50081.37173561280Downward Expansion-6370
2024-02-020.4050.5023-2.01240352582Downward Expansion-7272
2024-01-260.4150.5025-2.30378240000Rotation Down-7371
2024-01-190.430.50235.25209387852Rotation Down-4456
2024-01-120.4650.5017.08133214404Rotation Down-3253
2024-01-050.4550.50022.98131947818Rotation Down-3754
2023-12-290.480.49885.29114600060Rotation Down-1640
2023-12-220.450.49672.93258234614Deceleration-2837
2023-12-150.4850.49527.87360907690Deceleration48
2023-12-080.500.493214.25370431933Deceleration148
2023-12-010.540.492219.79176028155Deceleration3621
2023-11-240.550.490317.35281599491Deceleration3819
2023-11-170.530.488514.45577780020Deceleration2816
2023-11-100.540.487318.74463727040Deceleration2821
2023-11-030.520.48712.20119560040Deceleration2921
2023-10-270.500.48679.96233490000Upward Expansion3319
2023-10-200.510.48714.39281519351Upward Expansion5538
2023-10-130.560.486722.04410676000Upward Expansion6063
2023-10-060.560.484225.46118292000Upward Expansion6269
Price vs TrendBelow-21.0%
Trend directionFalling-19.5%
Price vs current Fair ValueBelow anchor-28.4%
Fair Value directionMoving away-1.5%
Relative Strength vs benchmarkLagging-34.3%
Relative strength directionImproving+6.3%
Price momentumNegative-31.5%
Volume balanceSupply-led0.70ร—
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

-81 / ยฑ100

-35.1 points since 2026-08-28

Energy

63 /100

+31.6 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.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance17
Rotation Up20
Upward Expansion10
Deceleration44
Rotation Down64
Downward Expansion83

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

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

Balance 15%Rotation Up 6%Upward Expansion 21%Deceleration 15%Rotation Down 6%Downward Expansion 38%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Downward Expansion2026-03-132026-09-25Extended-35.5%
Balance2026-02-062026-03-06Developing-18.9%
Downward Expansion2025-12-122026-01-30Developing+15.1%
Rotation Down2025-11-142025-12-05New-3.2%
Deceleration2025-09-262025-11-07Developing-8.7%
Upward Expansion2025-05-302025-09-19Established+33.3%
Deceleration2025-03-282025-05-23Developing+42.6%
Upward Expansion2025-01-102025-03-21Developing+13.7%
Balance2024-12-062025-01-03Developing+8.1%
Rotation Up2024-10-042024-11-29Developing-19.8%
Downward Expansion2024-07-122024-09-27Developing+5.9%
Balance2024-04-122024-07-05Established-9.9%
Downward Expansion2024-02-022024-04-05Developing+9.9%
Rotation Down2023-12-292024-01-26Developing-13.5%
Classic Stage Analysis comparison
Stage 1 ยท Basing66
Stage 2 ยท Advancing0
Stage 3 ยท Distribution4
Stage 4 ยท Declining100

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

Leadership versus ^HSI

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
92/100
Current Relative Strength
-34.28
Relative Strength direction
Improving
Price momentum
-31.5%
Excess performance vs benchmark
-29.8%
Communication Services regime cohort
75th percentile81 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume0.50ร—

Latest completed volume relative to typical participation.

Up/down volume0.70ร—

Participation balance between advancing and declining observations.

Accumulation / distribution0 / 1

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+12.5%

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 HKD 0.48falling
Slow Activity HKD 0.5256falling
Trend Reference HKD 0.5633-21.0% close margin
Current Fair Value HKD 0.6219-28.4% close margin
Structural low HKD 0.44shock / 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 +8.0%
Annualized volatility +38.2%
From structural high -58.8%
From structural low +1.1%
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 ^HSI Regime survived Read
Near term34-1.4%-43.3% to +45.2%+38.2%+52.9%-0.1%+79.4%Usable descriptive sample
Intermediate11-6.5%-41.1% to +50.7%+45.5%+54.5%-5.6%+45.5%Usable descriptive sample
Extended7-6.5%-34.9% to +37.7%+28.6%+71.4%-8.4%+42.9%Usable descriptive sample
Full cycle3-16.1%-33.3% to +30.9%+33.3%+66.7%-9.8%+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.

Evidence context