Weekly structural research · LSE · Energy

HTG Stage Analysis

Hunting PLC

Week ending 9 Oct 2026Close GBP 396.00Tenure DevelopingBenchmark ^FTSE

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Downward Expansion · Early 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: stable.
Activity structure: moderate and contracting.

Direction -62−100 bearish to +100 bullish

Energy 48/100directional strength

Maturity 31/100lifecycle context

Confidence 91/100evidence agreement

Trend gate Downstructural direction

Activity structure Moderatecontracting separation

Price acceptance -83.3%position within the Activity structure

Fair Value context +8.9%GBP 363.56 · 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	396.00	452.43	-10.66	2240495	Downward Expansion	-62	48
2026-10-02	383.00	455.22	-12.70	2261677	Downward Expansion	-68	64
2026-09-25	384.80	459.42	-14.20	1143218	Downward Expansion	-70	74
2026-09-18	388.75	463.89	-13.05	1491852	Downward Expansion	-68	77
2026-09-11	394.67	468.10	-11.59	1333635	Downward Expansion	-70	78
2026-09-04	395.16	470.96	-12.89	538394	Downward Expansion	-74	71
2026-08-28	403.06	473.32	-11.07	710066	Downward Expansion	-71	60
2026-08-21	405.00	474.61	-10.52	2385506	Rotation Down	-70	41
2026-08-14	488.00	475.73	8.63	210995	Rotation Down	-19	13
2026-08-07	443.00	473.12	-2.20	212894	Rotation Down	-57	30
2026-07-31	443.50	471.42	-1.46	211116	Rotation Down	-32	26
2026-07-24	476.50	469.09	7.57	169069	Rotation Down	-23	29
2026-07-17	453.00	465.25	4.06	152530	Rotation Down	-29	47
2026-07-10	440.00	462.07	2.45	188310	Balance	-36	48
2026-07-03	440.00	460.30	0.98	148835	Balance	-27	33
2026-06-26	450.00	458.71	5.30	210647	Balance	-3	13
2026-06-19	465.50	456.06	10.89	674789	Balance	7	10
2026-06-12	489.50	452.46	16.19	298136	Balance	18	12
2026-06-05	472.50	448.23	14.20	323944	Balance	18	10
2026-05-29	465.50	444.16	13.00	1555359	Balance	20	11
2026-05-22	484.50	440.02	17.85	1318614	Upward Expansion	48	28
2026-05-15	503.00	435.59	26.66	1264056	Upward Expansion	53	32
2026-05-08	486.50	429.19	23.17	1371238	Upward Expansion	49	29
2026-05-01	510.00	423.60	28.57	1860385	Deceleration	60	35
2026-04-24	495.50	418.17	25.97	3411636	Deceleration	45	28
2026-04-17	472.00	413.03	17.72	4705235	Deceleration	41	28
2026-04-10	489.50	407.98	23.70	1878802	Deceleration	44	31
2026-04-03	490.93	402.62	27.01	1926520	Upward Expansion	47	33
2026-03-27	490.93	397.27	33.95	1560217	Upward Expansion	51	40
2026-03-20	472.44	391.86	30.43	3341326	Upward Expansion	62	52
2026-03-13	479.93	386.86	29.01	7189976	Upward Expansion	66	61
2026-03-06	508.93	380.97	37.48	4801209	Upward Expansion	70	80
2026-02-27	518.93	374.14	33.24	2317653	Upward Expansion	81	89
2026-02-20	514.93	366.75	35.89	3314309	Upward Expansion	87	92
2026-02-13	480.43	360.04	30.52	2438057	Upward Expansion	82	90
2026-02-06	465.94	354.44	28.15	3038780	Upward Expansion	84	89
2026-01-30	441.94	349.70	23.73	2671662	Upward Expansion	79	84
2026-01-23	438.44	345.00	23.91	2566947	Upward Expansion	83	80
2026-01-16	409.94	340.52	14.89	2808910	Upward Expansion	74	48
2026-01-09	391.95	335.75	10.92	2697591	Upward Expansion	66	37
2026-01-02	373.45	331.48	7.62	899861	Upward Expansion	57	34
2025-12-26	361.45	327.43	5.05	506441	Upward Expansion	57	41
2025-12-19	357.45	323.95	3.64	2584775	Upward Expansion	61	47
2025-12-12	386.95	320.55	15.08	1979255	Upward Expansion	71	70
2025-12-05	392.45	316.58	16.75	2631269	Upward Expansion	81	76
2025-11-28	370.45	312.28	9.86	1682424	Upward Expansion	73	69
2025-11-21	357.45	308.43	8.11	3114089	Upward Expansion	63	60
2025-11-14	362.45	305.34	7.86	4631582	Upward Expansion	70	62
2025-11-07	350.45	301.78	4.45	2146158	Upward Expansion	64	40
2025-10-31	341.45	298.31	1.32	2211842	Upward Expansion	58	33
2025-10-24	351.45	295.84	4.92	2715476	Upward Expansion	67	38
2025-10-17	310.96	294.57	-4.29	1822581	Upward Expansion	42	29
2025-10-10	318.96	293.99	-3.20	1505736	Upward Expansion	57	40
2025-10-03	346.95	292.88	3.88	2049950	Upward Expansion	70	57
2025-09-26	341.41	291.16	3.92	1834395	Upward Expansion	69	56
2025-09-19	320.41	290.11	-2.18	2038262	Upward Expansion	57	49
2025-09-12	328.91	290.01	-1.07	1586393	Upward Expansion	61	59
2025-09-05	330.41	289.82	-0.59	3622400	Upward Expansion	63	53
2025-08-29	328.41	289.96	-1.66	3013569	Rotation Up	65	41
2025-08-22	322.41	290.70	-5.73	1865493	Rotation Up	37	26
2025-08-15	303.42	291.85	-10.34	945420	Rotation Up	16	18
2025-08-08	303.92	293.72	-10.68	2345075	Rotation Up	29	27
2025-08-01	297.42	293.80	-13.10	1345270	Rotation Up	25	43
2025-07-25	313.42	293.98	-9.88	2168907	Rotation Up	28	58
2025-07-18	312.42	293.29	-9.77	1520285	Rotation Up	29	54
2025-07-11	323.91	292.64	-6.73	2256145	Balance	40	47
2025-07-04	300.92	291.86	-12.78	1884571	Balance	7	22
2025-06-27	303.92	291.89	-12.48	2133457	Downward Expansion	-10	12
2025-06-20	266.93	291.85	-23.52	2431003	Downward Expansion	-43	30
2025-06-13	263.93	293.10	-25.72	2096696	Downward Expansion	-55	39
2025-06-06	251.93	294.42	-29.62	3141282	Downward Expansion	-64	44
2025-05-30	256.93	296.15	-28.40	1407486	Downward Expansion	-58	38
2025-05-23	255.43	297.81	-29.08	1311111	Downward Expansion	-62	42
2025-05-16	267.93	299.38	-26.07	1234165	Downward Expansion	-57	42
2025-05-09	263.43	302.89	-26.92	1429519	Downward Expansion	-61	61
2025-05-02	254.93	306.85	-30.04	1491464	Downward Expansion	-66	74
2025-04-25	264.93	311.23	-26.23	1905964	Downward Expansion	-63	73
2025-04-18	255.43	314.81	-28.09	1035718	Downward Expansion	-72	72
2025-04-11	246.43	319.76	-28.38	3386812	Downward Expansion	-79	63
2025-04-04	267.38	325.35	-23.67	2551963	Downward Expansion	-74	56
2025-03-28	313.36	329.83	-17.12	2164113	Downward Expansion	-56	49
2025-03-21	293.37	334.31	-22.48	5086784	Downward Expansion	-60	59
2025-03-14	285.87	339.06	-24.52	3642825	Balance	-68	52
2025-03-07	295.37	344.19	-22.73	5672872	Balance	-52	37
2025-02-28	309.86	348.13	-20.30	2298326	Balance	-41	27
2025-02-21	317.36	352.30	-17.25	1142246	Balance	-26	13
2025-02-14	323.36	356.54	-16.54	2542428	Balance	-4	17
2025-02-07	334.35	359.97	-13.47	2080739	Downward Expansion	0	26
2025-01-31	350.84	362.54	-8.95	2283792	Downward Expansion	4	27
2025-01-24	356.84	365.32	-5.52	1289897	Downward Expansion	4	22
2025-01-17	359.34	367.20	-4.88	2626603	Downward Expansion	-21	17
2025-01-10	306.36	368.88	-16.26	1300291	Downward Expansion	-51	45
2025-01-03	302.86	371.78	-17.03	2556195	Downward Expansion	-63	54
2024-12-27	292.87	375.29	-19.03	348582	Downward Expansion	-68	59
2024-12-20	292.87	379.44	-18.45	1724008	Downward Expansion	-70	59
2024-12-13	300.37	383.82	-18.62	1563964	Downward Expansion	-66	60
2024-12-06	301.87	388.40	-18.25	1970213	Downward Expansion	-67	72
2024-11-29	302.86	390.71	-17.70	2557417	Downward Expansion	-67	80
2024-11-22	304.36	392.81	-16.98	1271761	Downward Expansion	-67	83
2024-11-15	303.36	394.66	-15.24	1925211	Downward Expansion	-72	87
2024-11-08	303.86	396.50	-15.22	1845686	Downward Expansion	-78	86
2024-11-01	306.86	398.60	-15.49	1883826	Rotation Down	-82	83
2024-10-25	302.37	399.51	-17.54	7378051	Rotation Down	-60	68
2024-10-18	373.33	400.44	0.39	974215	Rotation Down	-37	51
2024-10-11	382.33	398.51	4.24	1088346	Rotation Down	-24	40
2024-10-04	386.33	396.43	5.25	1607230	Balance	-18	28
2024-09-27	372.29	393.49	1.33	3098149	Balance	-7	18
2024-09-20	403.77	392.16	11.33	2538981	Balance	13	10
2024-09-13	414.27	389.22	13.99	1931902	Upward Expansion	33	16
2024-09-06	401.78	385.51	12.36	1390193	Upward Expansion	34	22
2024-08-30	447.75	381.94	23.10	3215835	Upward Expansion	61	36
2024-08-23	435.76	377.29	21.56	1253030	Upward Expansion	57	36
2024-08-16	439.75	373.36	24.08	882115	Upward Expansion	61	40
2024-08-09	413.77	368.40	19.77	1392146	Upward Expansion	54	35
2024-08-02	434.76	364.46	26.72	3289294	Upward Expansion	59	41
2024-07-26	444.75	359.35	29.02	1175585	Upward Expansion	68	46
2024-07-19	426.26	354.37	26.84	986894	Upward Expansion	60	42
2024-07-12	411.27	350.07	21.93	2772455	Upward Expansion	56	40
2024-07-05	434.26	345.15	30.41	1147394	Upward Expansion	69	46
2024-06-28	413.27	339.34	25.78	2002075	Upward Expansion	61	42
2024-06-21	409.77	334.33	25.05	1546304	Upward Expansion	61	46
2024-06-14	393.28	329.98	22.73	1376923	Upward Expansion	62	53
2024-06-07	408.27	326.49	27.25	2584892	Upward Expansion	66	76
2024-05-31	417.27	322.16	30.92	1519330	Upward Expansion	71	82
2024-05-24	424.26	318.15	33.86	2394323	Upward Expansion	80	80
2024-05-17	437.76	313.46	38.15	4406711	Upward Expansion	91	80
2024-05-10	371.29	309.18	18.56	2507839	Upward Expansion	70	66
2024-05-03	365.80	307.05	20.98	4207816	Upward Expansion	70	75
2024-04-26	359.80	304.30	21.09	1938795	Upward Expansion	68	75
2024-04-19	358.80	302.48	25.45	2623619	Upward Expansion	71	73
2024-04-12	366.80	301.26	27.73	3142951	Upward Expansion	80	72
2024-04-05	334.28	298.93	18.54	1505242	Upward Expansion	64	50
2024-03-29	330.28	296.31	17.22	5113531	Upward Expansion	62	35
2024-03-22	315.29	293.73	12.86	1379135	Upward Expansion	52	33
2024-03-15	319.79	290.91	18.03	3575898	Upward Expansion	57	39
2024-03-08	298.30	288.70	11.71	6752776	Upward Expansion	52	32
2024-03-01	332.28	287.18	24.37	5068074	Upward Expansion	70	50
2024-02-23	315.79	284.73	18.35	1514006	Upward Expansion	60	40
2024-02-16	302.80	282.70	13.31	2177553	Upward Expansion	52	42
2024-02-09	294.80	281.46	12.21	2578311	Upward Expansion	52	43
2024-02-02	308.29	280.40	16.48	4526480	Upward Expansion	58	53
2024-01-26	317.79	278.56	19.67	1500550	Deceleration	67	51
2024-01-19	290.80	274.61	12.01	2225769	Deceleration	36	27
2024-01-12	295.80	271.51	11.18	1508786	Deceleration	41	28
2024-01-05	281.31	268.40	4.66	1027554	Deceleration	29	18
2023-12-29	295.30	266.26	8.93	1528643	Deceleration	36	16
2023-12-22	297.30	263.81	9.78	2563104	Deceleration	22	15
2023-12-15	263.82	260.62	-1.33	2427053	Deceleration	3	15
2023-12-08	259.83	258.57	-2.87	1701576	Deceleration	4	12
2023-12-01	262.82	256.98	-1.32	1244430	Deceleration	17	15
2023-11-24	279.31	255.58	5.34	1619037	Deceleration	34	17
2023-11-17	288.81	254.07	8.78	3046150	Deceleration	38	20
2023-11-10	278.31	252.20	6.90	2021729	Upward Expansion	42	26
2023-11-03	296.80	251.26	13.08	1564070	Upward Expansion	49	37
2023-10-27	283.81	249.40	10.00	4290596	Upward Expansion	58	42
2023-10-20	309.29	247.80	18.23	2490924	Upward Expansion	69	60

Price vs TrendBelow-12.5%

Trend directionFalling-4.0%

Price vs current Fair ValuePremium+8.9%

Fair Value directionMoving away-16.3%

Relative Strength vs benchmarkLagging-10.7%

Relative strength directionWeakening-13.1%

Price momentumNegative-19.1%

Volume balanceSupply-led0.27×

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

-62 / ±100

+8.6 points since 2026-09-11

Energy

48 /100

-30.4 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.

HTG Directional State ↗ HTG Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance10

Rotation Up19

Upward Expansion7

Deceleration55

Rotation Down61

Downward Expansion82

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 11%Rotation Up 5%Upward Expansion 46%Deceleration 10%Rotation Down 6%Downward Expansion 23%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-08-28	2026-10-09	Developing	-1.8%
Rotation Down	2026-07-17	2026-08-21	Developing	-10.6%
Balance	2026-05-29	2026-07-10	Developing	-5.5%
Upward Expansion	2026-05-08	2026-05-22	New	-0.4%
Deceleration	2026-04-10	2026-05-01	New	+4.2%
Upward Expansion	2025-09-05	2026-04-03	Extended	+48.6%
Rotation Up	2025-07-18	2025-08-29	Developing	+5.1%
Balance	2025-07-04	2025-07-11	New	+7.6%
Downward Expansion	2025-03-21	2025-06-27	Established	+3.6%
Balance	2025-02-14	2025-03-14	Developing	-11.6%
Downward Expansion	2024-11-08	2025-02-07	Established	+10.0%
Rotation Down	2024-10-11	2024-11-01	New	-19.7%
Balance	2024-09-20	2024-10-04	New	-4.3%
Upward Expansion	2024-02-02	2024-09-13	Extended	+34.4%

Classic Stage Analysis comparison

Stage 1 · Basing30

Stage 2 · Advancing0

Stage 3 · Distribution48

Stage 4 · Declining100

Legacy result: Stage 4 · Stage 4A · Breakdown. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^FTSE

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: 95/100
Current Relative Strength: -10.66
Relative Strength direction: Weakening
Price momentum: -19.1%
Excess performance vs benchmark: -18.6%
Energy regime cohort: 50th percentile26 in cohort

Test HTG trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume2.72×

Latest completed volume relative to typical participation.

Up/down volume0.27×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 5

Recent participation evidence classified by demand and supply.

Activity alignment+0.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationStable

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 HTG Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity GBP 389.24falling

Slow Activity GBP 433.33falling

Trend Reference GBP 452.43-12.5% close margin

Current Fair Value GBP 363.56+8.9% close margin

Structural low GBP 372.47shock / 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 +9.2%

Annualized volatility +37.2%

From structural high -28.4%

From structural low +32.0%

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 ^FTSE	Regime survived	Read
Near term	20	-0.2%-24.9% to +34.6%	+50.0%	+50.0%	-1.3%	+75.0%	Usable descriptive sample
Intermediate	7	+15.4%-21.2% to +34.5%	+71.4%	+28.6%	+9.0%	+42.9%	Usable descriptive sample
Extended	5	+33.0%-13.3% to +46.8%	+80.0%	+20.0%	+19.9%	+20.0%	Usable descriptive sample
Full cycle	3	+11.7%+2.2% to +15.3%	+100.0%	+0.0%	-2.3%	+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.

HTG 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