Weekly structural research · LSE · Technology

JDG Stage Analysis

Judges Scientific plc

Week ending 2 Oct 2026Close GBP 3,610.00Tenure 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: weakening.
Activity structure: wide and expanding.

Direction -78−100 bearish to +100 bullish

Energy 87/100directional strength

Maturity 27/100lifecycle context

Confidence 83/100evidence agreement

Trend gate Downstructural direction

Activity structure Wideexpanding separation

Price acceptance -83.3%position within the Activity structure

Fair Value context -51.9%GBP 7,500.96 · 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.
Rotation DownStructure is turning lower.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-10-02	3,610.00	4,324.76	-25.76	364559	Downward Expansion	-78	87
2026-09-25	3,600.00	4,344.40	-28.52	284645	Downward Expansion	-85	84
2026-09-18	3,800.00	4,385.03	-25.33	59918	Downward Expansion	-78	77
2026-09-11	3,950.00	4,423.67	-23.34	44342	Downward Expansion	-70	76
2026-09-04	4,105.00	4,458.31	-22.54	24670	Downward Expansion	-65	76
2026-08-28	4,025.00	4,485.44	-24.83	8299	Downward Expansion	-68	78
2026-08-21	3,900.00	4,521.24	-28.08	11380	Downward Expansion	-80	78
2026-08-14	4,000.00	4,551.88	-26.85	12445	Balance	-65	58
2026-08-07	4,250.00	4,611.85	-24.23	8630	Balance	-51	29
2026-07-31	4,570.00	4,662.81	-19.08	25546	Balance	-6	5
2026-07-24	4,590.00	4,701.11	-18.48	24254	Balance	-2	7
2026-07-17	4,550.00	4,736.07	-19.03	2807	Balance	-11	13
2026-07-10	4,850.00	4,764.37	-14.31	10852	Balance	3	12
2026-07-03	4,675.00	4,792.67	-20.11	7283	Balance	-12	7
2026-06-26	4,625.00	4,828.80	-21.18	3573	Balance	-33	24
2026-06-19	4,600.00	4,857.94	-22.01	2363	Balance	-37	29
2026-06-12	4,450.00	4,856.24	-26.71	1919	Balance	-36	28
2026-06-05	4,142.48	4,872.55	-32.15	7765	Balance	-49	26
2026-05-29	4,399.19	4,911.76	-29.37	44931	Balance	-21	16
2026-05-22	4,699.14	4,955.09	-26.15	111144	Balance	-7	18
2026-05-15	5,059.07	4,998.41	-19.57	52810	Balance	4	19
2026-05-08	4,949.09	5,023.08	-22.74	77366	Downward Expansion	-15	20
2026-05-01	4,654.15	5,059.40	-29.04	55023	Downward Expansion	-34	23
2026-04-24	4,649.15	5,114.22	-29.79	61105	Downward Expansion	-39	25
2026-04-17	4,474.18	5,168.53	-34.80	38804	Downward Expansion	-45	34
2026-04-10	4,309.21	5,230.01	-37.50	35868	Downward Expansion	-60	50
2026-04-03	4,249.22	5,289.65	-38.19	105595	Downward Expansion	-64	63
2026-03-27	4,119.24	5,350.63	-38.07	105402	Downward Expansion	-66	80
2026-03-20	3,769.31	5,433.27	-43.90	146524	Downward Expansion	-86	90
2026-03-13	4,119.24	5,537.57	-41.55	258613	Downward Expansion	-83	84
2026-03-06	4,199.23	5,606.88	-41.23	128353	Downward Expansion	-86	79
2026-02-27	4,819.11	5,665.53	-37.21	97984	Downward Expansion	-68	67
2026-02-20	4,959.09	5,707.51	-34.87	86746	Downward Expansion	-60	63
2026-02-13	4,989.08	5,762.15	-33.82	43880	Downward Expansion	-61	65
2026-02-06	4,919.10	5,865.79	-34.98	128862	Downward Expansion	-63	56
2026-01-30	5,099.06	5,975.09	-32.24	132972	Balance	-56	34
2026-01-23	4,819.11	6,093.72	-35.99	393102	Balance	-66	32
2026-01-16	5,798.93	6,225.68	-24.37	59524	Balance	-19	13
2026-01-09	5,778.94	6,325.64	-24.39	68958	Downward Expansion	-32	16
2026-01-02	5,718.95	6,396.28	-24.60	15550	Downward Expansion	-34	19
2025-12-26	5,638.96	6,468.90	-25.94	18392	Downward Expansion	-37	22
2025-12-19	5,399.01	6,550.84	-30.10	64567	Downward Expansion	-42	24
2025-12-12	5,698.95	6,637.45	-25.27	38649	Downward Expansion	-47	37
2025-12-05	5,758.94	6,726.06	-25.41	83167	Downward Expansion	-62	53
2025-11-28	5,498.99	6,774.02	-29.87	428432	Downward Expansion	-66	74
2025-11-21	4,549.16	6,795.98	-41.51	217228	Downward Expansion	-88	93
2025-11-14	4,939.09	6,846.95	-38.36	200959	Downward Expansion	-84	85
2025-11-07	5,319.02	6,900.24	-34.67	164960	Downward Expansion	-79	78
2025-10-31	5,698.95	6,946.20	-31.34	106431	Downward Expansion	-71	71
2025-10-24	5,998.90	6,985.49	-28.09	183840	Downward Expansion	-59	57
2025-10-17	5,798.93	7,056.77	-28.94	88595	Downward Expansion	-67	48
2025-10-10	6,038.89	7,114.06	-27.28	166905	Downward Expansion	-63	43
2025-10-03	6,298.51	7,146.02	-25.47	138565	Downward Expansion	-56	41
2025-09-26	6,278.52	7,185.98	-24.90	60570	Downward Expansion	-57	44
2025-09-19	6,318.51	7,243.28	-24.61	72834	Downward Expansion	-59	44
2025-09-12	6,098.56	7,305.24	-28.57	70768	Downward Expansion	-66	45
2025-09-05	6,078.56	7,359.87	-29.19	79822	Downward Expansion	-70	49
2025-08-29	6,598.44	7,393.17	-23.96	87297	Downward Expansion	-62	65
2025-08-22	6,898.37	7,409.81	-22.48	138296	Downward Expansion	-64	77
2025-08-15	6,198.54	7,416.45	-29.69	164622	Downward Expansion	-69	81
2025-08-08	5,958.59	7,455.09	-32.92	226691	Upward Expansion	-42	55
2025-08-01	6,078.56	7,518.38	-32.14	435420	Upward Expansion	-38	38
2025-07-25	6,598.44	7,604.33	-27.50	451717	Upward Expansion	5	12
2025-07-18	8,098.09	7,667.63	-10.52	48517	Upward Expansion	57	40
2025-07-11	8,198.06	7,683.60	-9.78	46959	Upward Expansion	60	63
2025-07-04	8,657.95	7,693.57	-4.19	44241	Rotation Up	66	70
2025-06-27	8,777.92	7,684.88	-3.22	64327	Rotation Up	45	57
2025-06-20	8,797.92	7,672.19	-3.17	55219	Rotation Up	50	57
2025-06-13	7,898.13	7,667.49	-14.04	59770	Rotation Up	20	40
2025-06-06	7,897.39	7,745.78	-14.49	58400	Rotation Up	19	34
2025-05-30	8,097.33	7,815.75	-12.26	26985	Downward Expansion	23	34
2025-05-23	7,997.36	7,858.41	-13.48	39571	Downward Expansion	-9	18
2025-05-16	8,357.24	7,869.74	-10.00	53554	Downward Expansion	-15	14
2025-05-09	7,197.62	7,885.73	-21.90	92897	Downward Expansion	-62	56
2025-05-02	6,157.97	7,959.04	-34.19	122217	Downward Expansion	-70	80
2025-04-25	6,077.99	8,080.32	-34.39	151379	Downward Expansion	-78	81
2025-04-18	6,537.84	8,194.27	-29.04	56284	Downward Expansion	-71	59
2025-04-11	6,697.79	8,312.89	-25.21	120388	Downward Expansion	-70	45
2025-04-04	6,877.73	8,449.50	-24.83	61548	Downward Expansion	-67	41
2025-03-28	8,137.31	8,575.12	-17.97	151033	Downward Expansion	-37	28
2025-03-21	7,517.52	8,652.08	-24.55	143044	Downward Expansion	-54	39
2025-03-14	6,997.69	8,751.37	-30.23	101328	Downward Expansion	-63	39
2025-03-07	7,497.52	8,877.98	-26.48	73464	Downward Expansion	-47	28
2025-02-28	7,997.36	8,964.61	-23.51	38104	Downward Expansion	-45	33
2025-02-21	8,177.30	9,024.58	-21.04	62095	Downward Expansion	-61	51
2025-02-14	7,737.45	9,073.89	-26.39	102113	Downward Expansion	-66	77
2025-02-07	7,077.66	9,199.17	-32.90	124009	Downward Expansion	-72	88
2025-01-31	7,097.66	9,329.78	-33.01	117412	Downward Expansion	-77	90
2025-01-24	7,097.66	9,454.73	-32.12	206237	Downward Expansion	-80	80
2025-01-17	7,357.57	9,556.35	-30.08	95597	Downward Expansion	-80	66
2025-01-10	7,857.41	9,624.32	-23.49	48529	Downward Expansion	-74	50
2025-01-03	8,657.14	9,700.62	-15.85	18603	Downward Expansion	-58	45
2024-12-27	8,497.20	9,758.59	-16.87	16386	Downward Expansion	-62	65
2024-12-20	8,577.17	9,848.52	-15.59	57733	Downward Expansion	-60	69
2024-12-13	8,497.20	9,945.78	-18.75	42325	Downward Expansion	-63	70
2024-12-06	8,397.23	10,050.71	-20.13	69698	Downward Expansion	-67	53
2024-11-29	8,397.23	10,170.64	-20.15	120638	Downward Expansion	-68	36
2024-11-22	8,657.14	10,263.90	-17.67	193992	Downward Expansion	-54	25
2024-11-15	10,246.62	10,346.84	-0.42	106098	Downward Expansion	-32	21
2024-11-08	9,996.70	10,365.13	-2.88	73934	Downward Expansion	-58	50
2024-11-01	9,376.91	10,415.08	-9.89	103659	Downward Expansion	-63	70
2024-10-25	8,337.25	10,460.70	-20.55	65534	Downward Expansion	-83	83
2024-10-18	8,837.08	10,522.65	-17.02	84646	Downward Expansion	-72	70
2024-10-11	9,396.90	10,591.26	-10.71	65489	Downward Expansion	-61	59
2024-10-04	9,796.46	10,661.20	-7.01	143683	Balance	-52	46
2024-09-27	9,496.57	10,712.82	-10.18	269849	Balance	-58	38
2024-09-20	10,096.35	10,751.12	-3.48	65111	Balance	-34	14
2024-09-13	10,796.10	10,761.09	2.75	74676	Balance	-19	11
2024-09-06	10,646.15	10,742.74	2.72	47887	Balance	-27	15
2024-08-30	10,446.22	10,714.40	-1.43	25312	Balance	-32	13
2024-08-23	10,496.21	10,682.06	-0.41	55449	Balance	-44	26
2024-08-16	10,796.10	10,644.72	2.61	34264	Balance	-15	23
2024-08-09	10,096.35	10,601.38	-2.20	79150	Balance	-20	23
2024-08-02	9,796.46	10,584.03	-5.15	97921	Balance	-26	14
2024-07-26	9,656.51	10,570.68	-7.81	246128	Balance	-9	9
2024-07-19	11,495.85	10,552.67	11.39	43056	Balance	46	25
2024-07-12	10,996.03	10,482.68	5.55	79300	Rotation Down	14	15
2024-07-05	10,846.08	10,446.00	4.90	37169	Rotation Down	-15	29
2024-06-28	10,146.33	10,387.00	-1.31	221733	Rotation Down	-21	33
2024-06-21	9,396.60	10,350.66	-9.38	54770	Upward Expansion	-36	37
2024-06-14	10,146.33	10,343.31	-1.22	29225	Upward Expansion	9	14
2024-06-07	10,396.24	10,310.97	-0.03	36877	Upward Expansion	26	16
2024-05-31	11,195.24	10,234.98	7.23	31191	Upward Expansion	56	40
2024-05-24	11,495.12	10,139.69	9.68	111849	Upward Expansion	58	44
2024-05-17	11,645.05	10,027.74	10.03	64008	Upward Expansion	65	54
2024-05-10	11,994.90	9,912.12	13.46	42093	Upward Expansion	75	51
2024-05-03	11,195.24	9,764.85	9.01	32782	Upward Expansion	59	43
2024-04-26	11,145.26	9,665.56	9.67	26673	Upward Expansion	60	42
2024-04-19	10,795.41	9,587.92	9.68	124168	Upward Expansion	44	33
2024-04-12	11,495.12	9,529.60	15.53	39314	Upward Expansion	74	48
2024-04-05	10,745.43	9,439.63	9.54	25679	Upward Expansion	58	45
2024-03-29	10,195.67	9,383.64	3.67	73383	Upward Expansion	63	59
2024-03-22	10,895.37	9,358.98	11.38	99640	Upward Expansion	67	83
2024-03-15	11,495.12	9,309.65	20.95	149752	Upward Expansion	85	93
2024-03-08	11,345.18	9,215.02	20.86	115040	Upward Expansion	88	91
2024-03-01	10,645.48	9,140.71	13.59	66084	Upward Expansion	76	78
2024-02-23	10,395.58	9,097.72	10.98	42242	Upward Expansion	74	70
2024-02-16	10,245.65	9,067.05	9.64	46894	Upward Expansion	74	58
2024-02-09	9,795.84	9,043.72	7.03	20400	Upward Expansion	63	38
2024-02-02	9,475.97	9,022.39	3.28	39067	Upward Expansion	53	31
2024-01-26	9,376.02	9,013.71	2.16	27314	Upward Expansion	52	31
2024-01-19	9,495.96	9,005.71	6.15	42914	Rotation Up	56	32
2024-01-12	9,575.93	8,999.70	5.17	41214	Rotation Up	32	25
2024-01-05	9,396.01	9,003.69	2.58	29767	Rotation Up	29	31
2023-12-29	9,116.13	9,012.67	-0.89	7930	Rotation Up	19	28
2023-12-22	9,396.01	9,031.30	2.76	37457	Rotation Up	22	38
2023-12-15	9,895.79	9,027.95	10.09	30017	Rotation Up	37	39
2023-12-08	9,076.14	9,010.59	1.60	39047	Downward Expansion	16	25
2023-12-01	9,056.15	9,032.55	2.01	45265	Downward Expansion	-12	22
2023-11-24	9,176.10	9,059.85	4.23	102313	Downward Expansion	-10	17
2023-11-17	9,176.10	9,085.14	4.34	58407	Downward Expansion	-23	16
2023-11-10	8,116.55	9,111.76	-5.65	170178	Downward Expansion	-59	44
2023-11-03	8,336.46	9,157.72	-3.75	121234	Downward Expansion	-61	63
2023-10-27	8,136.54	9,186.34	-4.24	53310	Downward Expansion	-64	77
2023-10-20	8,176.53	9,198.31	-5.02	103120	Downward Expansion	-65	77
2023-10-13	7,576.78	9,219.61	-14.10	78706	Downward Expansion	-90	85

Price vs TrendBelow-16.5%

Trend directionFalling-8.0%

Price vs current Fair ValueBelow anchor-51.9%

Fair Value directionMoving away-11.0%

Relative Strength vs benchmarkLagging-25.8%

Relative strength directionWeakening-5.7%

Price momentumNegative-15.0%

Volume balanceSupply-led0.96×

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

-78 / ±100

-13.0 points since 2026-09-04

Energy

87 /100

+11.2 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.

JDG Directional State ↗ JDG Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance8

Rotation Up10

Upward Expansion21

Deceleration37

Rotation Down79

Downward Expansion97

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

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

Balance 19%Rotation Up 7%Upward Expansion 17%Rotation Down 2%Downward Expansion 55%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-08-21	2026-10-02	Developing	-7.4%
Balance	2026-05-15	2026-08-14	Established	-20.9%
Downward Expansion	2026-02-06	2026-05-08	Established	+0.6%
Balance	2026-01-16	2026-01-30	New	-12.1%
Downward Expansion	2025-08-15	2026-01-09	Established	-6.8%
Upward Expansion	2025-07-11	2025-08-08	Developing	-27.3%
Rotation Up	2025-06-06	2025-07-04	Developing	+9.6%
Downward Expansion	2024-10-11	2025-05-30	Extended	-13.8%
Balance	2024-07-19	2024-10-04	Developing	-14.8%
Rotation Down	2024-06-28	2024-07-12	New	+8.4%
Upward Expansion	2024-01-26	2024-06-21	Established	+0.2%
Rotation Up	2023-12-15	2024-01-19	Developing	-4.0%
Downward Expansion	2023-10-06	2023-12-08	Developing	+10.5%
Balance	2023-08-11	2023-09-29	Developing	-3.3%

Classic Stage Analysis comparison

Stage 1 · Basing53

Stage 2 · Advancing0

Stage 3 · Distribution18

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 ^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: 86/100
Current Relative Strength: -25.76
Relative Strength direction: Weakening
Price momentum: -15.0%
Excess performance vs benchmark: -15.3%
Technology regime cohort: 90th percentile31 in cohort

Test JDG trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume6.87×

Latest completed volume relative to typical participation.

Up/down volume0.96×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+0.0%

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.

Explore JDG Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity GBP 3,723.67falling

Slow Activity GBP 4,239.02falling

Trend Reference GBP 4,324.76-16.5% close margin

Current Fair Value GBP 7,500.96-51.9% close margin

Structural low GBP 3,550.00shock / 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 +6.7%

Annualized volatility +31.1%

From structural high -43.4%

From structural low +3.8%

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 ^FTSE	Regime survived	Read
Near term	25	+1.2%-25.3% to +31.6%	+56.0%	+44.0%	-0.3%	+80.0%	Usable descriptive sample
Intermediate	8	+1.2%-20.3% to +22.4%	+62.5%	+37.5%	-1.4%	+50.0%	Usable descriptive sample
Extended	5	-9.8%-28.7% to +30.8%	+20.0%	+80.0%	-25.2%	+60.0%	Usable descriptive sample
Full cycle	3	+19.2%-35.7% to +46.8%	+66.7%	+33.3%	+8.7%	+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.

JDG 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