Weekly structural research ยท JPX ยท Consumer Cyclical

7550 Stage Analysis

Zensho Holdings Co., Ltd.

Week ending 2 Oct 2026Close JPY 11,065.00Tenure NewBenchmark ^N225
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Deceleration ยท 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: wide and contracting.
Direction 45โˆ’100 bearish to +100 bullish
Energy 34/100directional strength
Maturity 72/100lifecycle context
Confidence 71/100evidence agreement
Trend gate Upstructural direction
Activity structure Widecontracting separation
Price acceptance +50.0%position within the Activity structure
Fair Value context +35.2%JPY 8,182.66 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
2026-10-0211,065.009,366.310.434019100Deceleration4534
2026-09-2510,395.329,323.81-3.521322300Upward Expansion5046
2026-09-1810,410.279,306.89-2.132901700Upward Expansion6564
2026-09-1111,192.289,287.246.172466500Upward Expansion6888
2026-09-0411,909.549,236.3210.732542000Upward Expansion8093
2026-08-2811,954.379,138.458.43494400Upward Expansion9096
2026-08-2111,480.009,018.044.30424000Upward Expansion9096
2026-08-1411,350.008,919.02-1.55486000Rotation Up9597
2026-08-0710,475.008,825.50-5.64639600Rotation Up5175
2026-07-319,974.008,766.72-8.71701500Rotation Up4662
2026-07-249,127.008,732.17-17.16297100Downward Expansion2534
2026-07-179,303.008,726.95-15.41936000Downward Expansion218
2026-07-108,793.008,721.51-25.61536600Downward Expansion-2315
2026-07-038,232.008,738.35-32.08417100Downward Expansion-4531
2026-06-267,931.008,769.14-34.84470500Downward Expansion-6046
2026-06-197,621.008,817.00-39.65476100Downward Expansion-6853
2026-06-127,927.008,855.94-33.00674200Downward Expansion-6261
2026-06-057,536.008,889.46-37.44808400Downward Expansion-7576
2026-05-298,052.008,947.63-33.533741000Downward Expansion-6261
2026-05-227,842.008,998.06-32.814071300Downward Expansion-7368
2026-05-157,750.009,065.72-32.165788800Downward Expansion-8174
2026-05-088,802.009,144.14-25.261317000Downward Expansion-5863
2026-05-018,680.009,186.01-23.092649700Downward Expansion-5863
2026-04-248,036.009,227.76-29.672373700Balance-7969
2026-04-178,509.009,294.32-24.782240100Balance-4833
2026-04-108,801.009,336.72-20.913474900Balance-1916
2026-04-039,537.009,360.69-8.972056200Balance119
2026-03-279,560.009,351.15-9.592679400Rotation Up1717
2026-03-209,225.409,340.95-13.131687900Rotation Up1931
2026-03-139,519.179,357.62-11.541899500Rotation Up2553
2026-03-069,790.049,387.15-12.361954000Rotation Up2746
2026-02-279,887.639,322.54-16.611496400Rotation Up3442
2026-02-209,820.919,258.42-14.502783100Downward Expansion1925
2026-02-139,664.569,193.11-16.223250600Downward Expansion-1511
2026-02-068,973.459,129.67-18.562318900Rotation Down-6160
2026-01-308,342.109,093.97-23.381859000Rotation Down-4969
2026-01-238,509.409,088.81-23.031846000Rotation Down-4563
2026-01-168,544.259,079.69-23.251732900Rotation Down-4659
2026-01-098,711.559,064.84-19.162060700Deceleration-3239
2026-01-028,937.609,035.69-14.81495900Deceleration-413
2025-12-268,970.478,994.36-15.541732100Deceleration-29
2025-12-199,139.768,956.64-12.171605000Deceleration67
2025-12-129,298.108,918.51-13.401425300Deceleration814
2025-12-059,155.698,882.44-14.572043200Deceleration520
2025-11-289,366.818,872.18-12.672128600Deceleration622
2025-11-218,789.228,847.75-15.672966900Deceleration-623
2025-11-148,932.628,846.20-17.712971300Deceleration1921
2025-11-079,281.178,839.81-14.571925200Upward Expansion4024
2025-10-319,564.988,803.91-15.643218000Upward Expansion5739
2025-10-249,871.708,739.69-7.541687500Upward Expansion6249
2025-10-1710,102.738,687.81-1.911494400Upward Expansion6861
2025-10-1010,057.928,631.90-3.262372900Upward Expansion6962
2025-10-039,932.448,571.070.443689900Upward Expansion6756
2025-09-2610,033.028,498.342.493600000Upward Expansion7558
2025-09-199,780.968,413.770.822629700Upward Expansion7155
2025-09-129,519.968,340.95-1.162749200Upward Expansion6272
2025-09-059,251.028,279.80-0.012364300Upward Expansion6178
2025-08-299,254.008,259.770.833485400Upward Expansion5977
2025-08-229,725.388,234.166.404018500Upward Expansion7781
2025-08-1510,405.178,195.4212.319641000Upward Expansion7970
2025-08-087,851.768,124.52-11.592422700Downward Expansion-5341
2025-08-017,963.908,145.00-7.862069100Downward Expansion-5041
2025-07-257,861.688,174.82-10.162019200Downward Expansion-5234
2025-07-187,761.458,215.03-7.351911000Downward Expansion-4823
2025-07-117,902.378,261.31-4.692158700Downward Expansion-4017
2025-07-048,187.188,311.60-1.394515500Downward Expansion-3315
2025-06-278,235.818,353.77-1.172535200Downward Expansion-4730
2025-06-208,098.868,376.402.112319800Downward Expansion-5652
2025-06-137,836.878,412.590.872349500Downward Expansion-5754
2025-06-067,697.948,421.61-0.162007600Balance-6344
2025-05-307,838.868,424.391.512450000Balance-4526
2025-05-237,995.658,410.616.272104800Balance-3415
2025-05-168,215.968,389.868.053529600Balance1026
2025-05-098,848.118,374.3517.711309000Balance3342
2025-05-028,633.768,344.9217.872285500Balance2726
2025-04-258,742.928,322.1724.082704200Balance3020
2025-04-188,740.938,291.9928.612298200Balance2013
2025-04-118,204.058,258.8325.993591200Balance-38
2025-04-047,638.398,240.0517.715935800Balance-2217
2025-03-288,315.208,232.2917.417873900Rotation Down-412
2025-03-218,425.628,204.4318.021455700Rotation Down012
2025-03-148,232.918,160.9818.082210500Rotation Down-2452
2025-03-077,750.668,111.0712.422174500Rotation Down-2865
2025-02-287,495.708,039.618.541513600Deceleration-4166
2025-02-217,596.497,975.905.852680300Deceleration-2234
2025-02-147,685.437,914.776.434375600Deceleration-1319
2025-02-078,649.947,860.1821.261425100Deceleration2821
2025-01-318,485.907,776.1716.961349300Deceleration2826
2025-01-248,562.987,702.6417.191474600Deceleration3228
2025-01-178,278.377,618.9017.891182500Deceleration3827
2025-01-108,466.137,534.8118.371679800Upward Expansion4741
2025-01-038,858.467,449.0121.84382900Upward Expansion6360
2024-12-279,067.967,358.0223.621292400Upward Expansion6666
2024-12-209,149.997,257.8029.941582500Upward Expansion6886
2024-12-139,410.887,158.9931.401506900Upward Expansion8092
2024-12-069,452.387,060.8333.732107600Upward Expansion8895
2024-11-298,914.796,943.4429.332519300Upward Expansion8292
2024-11-229,184.576,843.3532.943905200Deceleration9184
2024-11-158,107.416,738.7216.085735400Deceleration7549
2024-11-087,781.296,662.928.432325100Deceleration5136
2024-11-017,425.536,602.586.882759300Upward Expansion4840
2024-10-257,373.166,561.215.991445000Upward Expansion6253
2024-10-187,750.666,524.917.841111100Upward Expansion6664
2024-10-117,965.106,478.408.832697000Upward Expansion7376
2024-10-047,951.276,414.9011.222337000Upward Expansion7788
2024-09-277,837.626,355.926.264318300Upward Expansion7790
2024-09-207,745.976,308.4410.852200200Upward Expansion7992
2024-09-137,640.706,263.5212.832249600Upward Expansion7892
2024-09-067,405.566,224.7910.072136100Rotation Up7688
2024-08-307,479.356,215.654.673081000Rotation Up5674
2024-08-237,122.206,202.520.292480900Rotation Up3542
2024-08-166,735.546,197.93-4.643810900Downward Expansion-99
2024-08-095,607.056,224.42-13.973123700Downward Expansion-6156
2024-08-025,584.426,277.36-16.762553300Balance-6546
2024-07-265,762.506,330.60-18.551606800Balance-5825
2024-07-196,047.826,379.89-20.19989500Balance-3116
2024-07-126,129.486,411.86-21.792683600Balance-2313
2024-07-056,280.016,432.71-19.752276300Downward Expansion-4125
2024-06-286,050.776,461.19-20.431798100Downward Expansion-5235
2024-06-215,755.616,522.34-22.652859900Downward Expansion-6542
2024-06-145,892.376,616.06-21.542178400Downward Expansion-6134
2024-06-076,128.506,709.20-18.381991200Downward Expansion-3720
2024-05-316,061.606,769.03-19.053721000Downward Expansion-4124
2024-05-246,185.566,825.14-17.962949000Downward Expansion-4228
2024-05-176,465.966,867.42-14.705278200Downward Expansion-4736
2024-05-105,930.746,881.60-20.691405100Downward Expansion-6460
2024-05-035,912.056,914.86-20.901553100Downward Expansion-6665
2024-04-266,045.856,938.13-18.391838400Downward Expansion-6258
2024-04-195,833.346,948.87-19.311721200Downward Expansion-7661
2024-04-125,971.086,968.86-22.442392400Downward Expansion-7254
2024-04-056,184.586,989.47-18.503095400Downward Expansion-6554
2024-03-296,283.957,005.60-19.883697500Downward Expansion-6475
2024-03-226,355.307,019.85-19.842840500Downward Expansion-6681
2024-03-156,060.327,028.34-19.162883000Rotation Down-7988
2024-03-086,181.847,039.50-19.483638900Rotation Down-5275
2024-03-016,413.127,048.36-16.822695500Rotation Down-4665
2024-02-236,398.427,058.30-15.092273800Rotation Down-3755
2024-02-166,478.787,087.00-12.418540200Deceleration-3847
2024-02-097,131.467,096.120.963164600Deceleration99
2024-02-027,085.407,075.613.152003100Deceleration1611
2024-01-266,984.467,052.113.683459800Deceleration128
2024-01-197,530.337,027.6112.024116600Deceleration2411
2024-01-127,195.166,978.849.192390300Deceleration1015
2024-01-057,181.446,945.7917.161236700Deceleration1726
2023-12-297,241.226,901.3219.002357800Deceleration1930
2023-12-227,007.006,855.8717.323861600Deceleration1927
2023-12-156,755.146,804.5514.859874700Upward Expansion2418
2023-12-087,134.406,760.6524.939581000Upward Expansion6355
2023-12-017,885.086,668.1534.935798700Upward Expansion6887
2023-11-248,567.176,545.4247.651716100Upward Expansion8393
2023-11-178,686.736,400.2852.097143200Upward Expansion9497
2023-11-107,923.306,249.0445.273604500Upward Expansion8286
2023-11-037,744.946,119.1846.966602000Upward Expansion8179
2023-10-277,453.895,990.7147.834501300Upward Expansion7458
2023-10-206,891.365,869.9837.282834900Deceleration5634
2023-10-136,928.605,771.2134.883504000Deceleration5931
Price vs TrendAbove+18.1%
Trend directionRising+7.3%
Price vs current Fair ValuePremium+35.2%
Fair Value directionClosing upward+30.4%
Relative Strength vs benchmarkLeading+0.4%
Relative strength directionImproving+32.5%
Price momentumPositive+16.0%
Volume balanceSupply-led0.86ร—
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

45 / ยฑ100

-34.5 points since 2026-09-04

Energy

34 /100

-58.9 points since 2026-09-04

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
Balance20
Rotation Up33
Upward Expansion70
Deceleration86
Rotation Down28
Downward Expansion20

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

2023-10-13 to 2026-10-02 ยท 156 classified observations out of 156 shown.

Balance 12%Rotation Up 7%Upward Expansion 27%Deceleration 20%Rotation Down 8%Downward Expansion 27%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Deceleration2026-10-022026-10-02New+0.0%
Upward Expansion2026-08-212026-09-25Developing-9.4%
Rotation Up2026-07-312026-08-14New+13.8%
Downward Expansion2026-05-012026-07-24Established+5.1%
Balance2026-04-032026-04-24New-15.7%
Rotation Up2026-02-272026-03-27Developing-3.3%
Downward Expansion2026-02-132026-02-20New+1.6%
Rotation Down2026-01-162026-02-06New+5.0%
Deceleration2025-11-142026-01-09Developing-2.5%
Upward Expansion2025-08-152025-11-07Established-10.8%
Downward Expansion2025-06-132025-08-08Developing+0.2%
Balance2025-04-042025-06-06Developing+0.8%
Rotation Down2025-03-072025-03-28New+7.3%
Deceleration2025-01-172025-02-28Developing-9.5%
Classic Stage Analysis comparison
Stage 1 ยท Basing27
Stage 2 ยท Advancing94
Stage 3 ยท Distribution45
Stage 4 ยท Declining6

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
49/100
Current Relative Strength
0.43
Relative Strength direction
Improving
Price momentum
+16.0%
Excess performance vs benchmark
-12.6%
Consumer Cyclical regime cohort
41th percentile139 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume2.83ร—

Latest completed volume relative to typical participation.

Up/down volume0.86ร—

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 3

Recent participation evidence classified by demand and supply.

Activity alignment+75.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

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 JPY 10,828.75falling
Slow Activity JPY 9,838.49rising
Trend Reference JPY 9,366.31+18.1% close margin
Current Fair Value JPY 8,182.66+35.2% close margin
Structural low JPY 7,381.00shock / 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 +6.4%
Annualized volatility +41.0%
From structural high -8.0%
From structural low +49.9%
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 term12-0.9%-14.0% to +21.5%+50.0%+50.0%-1.2%+50.0%Usable descriptive sample
Intermediate6+9.7%-9.3% to +19.9%+83.3%+83.3%+9.3%+16.7%Usable descriptive sample
Extended4+4.6%-13.2% to +88.0%+50.0%+50.0%-3.8%+0.0%Too little matched history
Full cycle3+30.6%+3.2% to +104.7%+100.0%+100.0%+13.9%+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