Weekly structural research · CPH · Financial Services

MNBA Stage Analysis

Møns Bank A/S

Week ending 2 Oct 2026Close DKK 402.00Tenure NewBenchmark ^OMXC25

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Upward Expansion · Early expansion

The weekly architecture is expanding upward.

Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing.

The Trend gate is up within the current regime.
Fast Activity versus Slow Activity: improving.
Activity structure: compressed and expanding.

Direction 57−100 bearish to +100 bullish

Energy 43/100directional strength

Maturity 6/100lifecycle context

Confidence 84/100evidence agreement

Trend gate Upstructural direction

Activity structure Compressedexpanding separation

Price acceptance +66.7%position within the Activity structure

Fair Value context +41.6%DKK 283.96 · 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.
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
2026-10-02	402.00	392.43	3.88	5299	Upward Expansion	57	43
2026-09-25	399.00	392.03	2.36	4032	Upward Expansion	55	45
2026-09-18	404.00	391.99	1.91	2841	Balance	68	46
2026-09-11	398.00	391.33	0.82	4057	Balance	21	31
2026-09-04	397.00	390.79	-1.79	2052	Balance	32	33
2026-08-28	390.00	390.43	-4.02	146	Balance	12	20
2026-08-21	397.00	390.29	-1.34	29	Balance	21	25
2026-08-14	398.00	389.86	-0.53	321	Balance	20	19
2026-08-07	388.00	389.59	-0.07	240	Balance	-39	22
2026-07-31	389.00	389.59	0.67	239	Rotation Down	-51	34
2026-07-24	387.00	389.09	0.95	0	Rotation Down	-29	42
2026-07-17	376.00	388.13	-5.27	438	Balance	-43	49
2026-07-10	385.00	387.61	-1.35	1027	Balance	-18	26
2026-07-03	382.00	386.39	-3.15	614	Balance	-5	15
2026-06-26	390.00	385.07	4.46	223	Balance	11	12
2026-06-19	387.00	383.62	7.55	548	Balance	7	10
2026-06-12	393.00	382.13	8.25	260	Upward Expansion	29	15
2026-06-05	386.00	380.84	7.99	2990	Upward Expansion	25	13
2026-05-29	394.00	380.05	9.21	2989	Upward Expansion	39	25
2026-05-22	395.00	378.86	10.16	4532	Upward Expansion	50	30
2026-05-15	398.00	376.91	12.99	1790	Upward Expansion	56	34
2026-05-08	397.00	374.86	15.10	3700	Upward Expansion	54	34
2026-05-01	395.00	372.84	15.02	2367	Upward Expansion	54	35
2026-04-24	395.00	370.76	17.32	3625	Upward Expansion	56	39
2026-04-17	397.00	368.61	15.41	3910	Upward Expansion	60	44
2026-04-10	396.00	366.46	18.12	4884	Upward Expansion	60	39
2026-04-03	398.00	364.35	22.88	2472	Upward Expansion	64	38
2026-03-27	390.00	362.10	26.81	3622	Upward Expansion	55	34
2026-03-20	384.00	359.79	27.24	3906	Upward Expansion	53	37
2026-03-13	385.98	357.81	25.79	4730	Upward Expansion	54	38
2026-03-06	389.94	355.50	26.48	14798	Upward Expansion	57	42
2026-02-27	397.86	352.86	27.60	14142	Upward Expansion	69	47
2026-02-20	384.00	349.76	18.67	2089	Upward Expansion	58	43
2026-02-13	382.02	347.38	19.60	5938	Upward Expansion	61	48
2026-02-06	385.98	345.67	19.26	3227	Upward Expansion	65	63
2026-01-30	385.98	343.16	16.84	4290	Upward Expansion	68	79
2026-01-23	384.00	339.73	16.33	2597	Upward Expansion	68	79
2026-01-16	389.94	336.43	17.68	3078	Upward Expansion	80	84
2026-01-09	387.96	332.14	20.22	7106	Upward Expansion	84	77
2026-01-02	374.10	327.98	22.02	3742	Upward Expansion	77	55
2025-12-26	358.27	324.42	18.42	1459	Upward Expansion	61	41
2025-12-19	360.25	321.32	21.31	7631	Deceleration	69	42
2025-12-12	348.37	317.69	17.92	4617	Deceleration	45	31
2025-12-05	342.43	314.46	19.59	2673	Upward Expansion	47	38
2025-11-28	346.39	310.89	23.68	2620	Upward Expansion	63	57
2025-11-21	342.43	307.18	27.21	3495	Upward Expansion	67	64
2025-11-14	354.31	303.16	31.29	2563	Upward Expansion	70	77
2025-11-07	362.23	298.67	38.76	2514	Upward Expansion	89	89
2025-10-31	358.27	293.89	38.68	6939	Upward Expansion	89	81
2025-10-24	336.49	289.34	30.51	2200	Upward Expansion	68	71
2025-10-17	336.49	286.04	32.25	3386	Upward Expansion	70	70
2025-10-10	336.49	282.81	33.55	2677	Upward Expansion	71	63
2025-10-03	332.54	279.51	33.99	5086	Upward Expansion	66	61
2025-09-26	330.56	276.21	39.88	2650	Upward Expansion	66	67
2025-09-19	332.54	273.17	39.24	2678	Upward Expansion	71	65
2025-09-12	332.54	269.87	41.65	2649	Upward Expansion	73	66
2025-09-05	330.56	266.45	41.98	4546	Upward Expansion	74	66
2025-08-29	320.66	263.15	39.35	5939	Upward Expansion	67	62
2025-08-22	324.62	260.12	38.71	3137	Upward Expansion	75	65
2025-08-15	316.70	256.77	41.82	5724	Upward Expansion	70	65
2025-08-08	310.76	253.87	39.35	3882	Upward Expansion	66	69
2025-08-01	304.82	250.98	41.02	11853	Upward Expansion	68	86
2025-07-25	312.74	248.28	33.61	5316	Upward Expansion	70	88
2025-07-18	330.56	245.13	47.00	14770	Upward Expansion	93	96
2025-07-11	310.76	241.19	39.90	12799	Upward Expansion	92	93
2025-07-04	283.05	238.10	29.16	9573	Upward Expansion	78	78
2025-06-27	285.03	235.68	31.33	33167	Upward Expansion	85	78
2025-06-20	261.28	233.13	19.80	6504	Upward Expansion	66	76
2025-06-13	263.26	231.37	16.49	7707	Upward Expansion	69	81
2025-06-06	267.22	229.68	19.16	4018	Upward Expansion	80	86
2025-05-30	265.24	227.85	22.25	4341	Upward Expansion	83	82
2025-05-23	251.38	226.15	17.09	5673	Upward Expansion	71	66
2025-05-16	251.38	224.98	17.64	12780	Deceleration	69	47
2025-05-09	235.55	223.94	15.15	4350	Deceleration	37	16
2025-05-02	235.05	223.42	13.69	2702	Deceleration	20	18
2025-04-25	221.69	222.86	14.99	1920	Deceleration	-15	26
2025-04-18	219.71	222.81	15.91	2669	Deceleration	-1	18
2025-04-11	218.82	222.82	20.46	4902	Deceleration	11	13
2025-04-04	221.69	222.86	22.12	7198	Upward Expansion	28	21
2025-03-28	237.53	222.87	17.10	3339	Upward Expansion	60	49
2025-03-21	239.51	222.29	15.31	5416	Upward Expansion	69	65
2025-03-14	237.48	221.90	13.60	2508	Upward Expansion	67	61
2025-03-07	233.62	221.26	9.43	5279	Upward Expansion	61	49
2025-02-28	239.41	220.87	10.05	10482	Upward Expansion	75	66
2025-02-21	233.62	220.29	8.96	5428	Upward Expansion	68	59
2025-02-14	229.75	220.04	9.84	4634	Upward Expansion	61	55
2025-02-07	231.68	219.84	10.96	5170	Rotation Up	69	66
2025-01-31	229.75	219.78	11.49	3683	Rotation Up	41	55
2025-01-24	223.96	219.59	9.22	894	Rotation Up	21	43
2025-01-17	229.75	219.78	14.02	4522	Rotation Up	35	42
2025-01-10	223.96	219.78	9.16	8605	Downward Expansion	22	23
2025-01-03	223.96	219.84	7.77	3446	Downward Expansion	-5	15
2024-12-27	218.17	220.10	5.78	1875	Downward Expansion	-28	16
2024-12-20	212.38	220.42	6.55	2079	Downward Expansion	-41	25
2024-12-13	218.17	220.94	4.03	7812	Downward Expansion	-52	35
2024-12-06	210.45	221.26	-0.71	720	Downward Expansion	-64	68
2024-11-29	208.52	221.84	-1.40	1754	Downward Expansion	-73	77
2024-11-22	208.52	222.48	-0.94	1060	Downward Expansion	-76	76
2024-11-15	212.38	223.00	2.22	830	Downward Expansion	-66	66
2024-11-08	212.38	223.51	0.08	1482	Downward Expansion	-68	60
2024-11-01	214.31	224.16	-1.86	4435	Downward Expansion	-65	46
2024-10-25	216.24	224.73	-1.45	2316	Downward Expansion	-61	39
2024-10-18	220.10	225.09	-0.70	4399	Downward Expansion	-51	31
2024-10-11	220.10	225.25	-1.15	1305	Downward Expansion	-53	36
2024-10-04	218.17	225.41	-0.69	1049	Downward Expansion	-61	44
2024-09-27	220.10	225.57	-2.15	959	Downward Expansion	-53	37
2024-09-20	220.10	225.63	-3.54	1038	Downward Expansion	-55	39
2024-09-13	220.10	225.54	-6.08	1940	Balance	-54	27
2024-09-06	222.03	225.16	-1.24	1419	Balance	-23	19
2024-08-30	220.10	224.59	-3.73	2103	Balance	-30	26
2024-08-23	227.82	224.52	0.51	2493	Balance	-17	24
2024-08-16	218.17	223.82	-3.70	743	Balance	-37	42
2024-08-09	222.03	223.44	-0.51	1757	Balance	-1	14
2024-08-02	222.03	222.94	-0.53	3653	Balance	2	8
2024-07-26	225.89	222.21	0.36	5241	Balance	16	10
2024-07-19	223.96	221.32	0.93	1925	Upward Expansion	14	8
2024-07-12	229.75	220.53	0.69	4979	Upward Expansion	41	21
2024-07-05	223.96	219.51	-0.80	1179	Upward Expansion	31	16
2024-06-28	229.75	218.56	3.15	3950	Upward Expansion	52	30
2024-06-21	229.75	217.48	2.34	10128	Upward Expansion	54	32
2024-06-14	225.89	216.43	0.96	14887	Upward Expansion	51	31
2024-06-07	231.68	215.35	1.23	10613	Upward Expansion	63	39
2024-05-31	227.82	214.08	1.33	7412	Upward Expansion	54	34
2024-05-24	227.82	212.87	1.95	2318	Deceleration	45	32
2024-05-17	227.82	211.67	1.52	6402	Deceleration	45	30
2024-05-10	227.82	210.49	4.44	7142	Upward Expansion	47	33
2024-05-03	227.82	209.41	7.12	9253	Upward Expansion	58	40
2024-04-26	223.96	208.46	4.71	2235	Upward Expansion	59	45
2024-04-19	227.82	207.70	7.67	2325	Upward Expansion	63	51
2024-04-12	231.68	206.55	8.59	6689	Upward Expansion	71	64
2024-04-05	231.68	205.31	7.94	8254	Upward Expansion	75	67
2024-03-29	226.86	204.01	4.70	1372	Upward Expansion	70	71
2024-03-22	224.93	202.87	3.49	5149	Upward Expansion	67	72
2024-03-15	224.84	201.70	4.73	3955	Upward Expansion	70	73
2024-03-08	222.95	200.65	2.05	6270	Upward Expansion	72	63
2024-03-01	222.00	199.61	3.49	7308	Upward Expansion	74	50
2024-02-23	217.25	198.63	2.75	11475	Upward Expansion	72	49
2024-02-16	208.72	197.81	-1.83	4564	Upward Expansion	58	43
2024-02-09	204.92	197.33	-2.75	3600	Upward Expansion	61	53
2024-02-02	218.20	197.05	5.09	23195	Upward Expansion	88	84
2024-01-26	206.82	196.29	0.74	11320	Upward Expansion	69	69
2024-01-19	206.82	196.00	1.96	3018	Upward Expansion	73	69
2024-01-12	206.82	195.56	-1.18	10539	Upward Expansion	77	67
2024-01-05	200.18	195.24	-2.99	1301	Upward Expansion	59	52
2023-12-29	199.23	195.12	-2.15	2676	Upward Expansion	55	45
2023-12-22	200.18	194.96	-0.81	6110	Upward Expansion	59	50
2023-12-15	199.23	194.87	0.89	4072	Balance	57	41
2023-12-08	195.43	194.68	0.38	1875	Balance	16	15
2023-12-01	197.33	194.64	1.69	4666	Balance	20	15
2023-11-24	198.28	194.58	3.30	4150	Balance	13	5
2023-11-17	193.54	194.49	1.01	1704	Balance	-37	23
2023-11-10	193.54	194.58	5.00	1110	Balance	-36	25
2023-11-03	191.64	194.68	4.52	1812	Balance	-39	25
2023-10-27	191.64	194.83	6.98	3796	Balance	-38	16
2023-10-20	192.59	195.05	6.22	4901	Balance	-0	10
2023-10-13	195.43	195.34	2.08	3655	Balance	13	21

Price vs TrendAbove+2.4%

Trend directionRising+0.9%

Price vs current Fair ValuePremium+41.6%

Fair Value directionMoving away-1.3%

Relative Strength vs benchmarkLeading+3.9%

Relative strength directionImproving+7.0%

Price momentumPositive+1.0%

Volume balanceDemand-led3.24×

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

57 / ±100

+26.0 points since 2026-09-04

Energy

43 /100

+9.4 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.

MNBA Directional State ↗ MNBA Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance47

Rotation Up61

Upward Expansion79

Deceleration53

Rotation Down13

Downward Expansion6

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 3%Upward Expansion 60%Deceleration 6%Rotation Down 1%Downward Expansion 11%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2026-09-25	2026-10-02	New	+0.8%
Balance	2026-08-07	2026-09-18	Developing	+4.1%
Rotation Down	2026-07-24	2026-07-31	New	+0.5%
Balance	2026-06-19	2026-07-17	Developing	-2.8%
Upward Expansion	2025-12-26	2026-06-12	Established	+9.7%
Deceleration	2025-12-12	2025-12-19	New	+3.4%
Upward Expansion	2025-05-23	2025-12-05	Extended	+36.2%
Deceleration	2025-04-11	2025-05-16	Developing	+14.9%
Upward Expansion	2025-02-14	2025-04-04	Developing	-3.5%
Rotation Up	2025-01-17	2025-02-07	New	+0.8%
Downward Expansion	2024-09-20	2025-01-10	Established	+1.8%
Balance	2024-07-26	2024-09-13	Developing	-2.6%
Upward Expansion	2024-05-31	2024-07-19	Developing	-1.7%
Deceleration	2024-05-17	2024-05-24	New	+0.0%

Classic Stage Analysis comparison

Stage 1 · Basing41

Stage 2 · Advancing76

Stage 3 · Distribution76

Stage 4 · Declining24

Legacy result: Stage 3 · Stage 3A · Churning. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^OMXC25

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: 80/100
Current Relative Strength: 3.88
Relative Strength direction: Improving
Price momentum: +1.0%
Excess performance vs benchmark: -5.4%
Financial Services regime cohort: 33th percentile12 in cohort

Test MNBA trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume3.22×

Latest completed volume relative to typical participation.

Up/down volume3.24×

Participation balance between advancing and declining observations.

Accumulation / distribution4 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

Current relationship between Fast Activity and Slow Activity.

Structure stability+75.0%

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 MNBA Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity DKK 400.73rising

Slow Activity DKK 393.23rising

Trend Reference DKK 392.43+2.4% close margin

Current Fair Value DKK 283.96+41.6% close margin

Structural low DKK 375.00shock / repair context

What changes the read?

Sustained fan recompression, a fast-line rollover or repeated closes inside/below the fan move the read toward Deceleration or Rotation Down.

Range context +3.0%

Annualized volatility +9.8%

From structural high -4.5%

From structural low +22.3%

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 ^OMXC25	Regime survived	Read
Near term	28	+1.1%-8.1% to +26.5%	+57.1%	+57.1%	+0.4%	+82.1%	Usable descriptive sample
Intermediate	11	+2.9%-15.7% to +29.1%	+72.7%	+72.7%	+4.2%	+54.5%	Usable descriptive sample
Extended	7	+4.2%-18.1% to +37.8%	+57.1%	+57.1%	+4.2%	+42.9%	Usable descriptive sample
Full cycle	3	+6.1%-15.0% to +66.3%	+66.7%	+66.7%	+9.6%	+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.

MNBA Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding upward.

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 weekly architecture is expanding upward.

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 ↗

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

Similar Charts

RMI Reversal Map