Weekly structural research · PAR · Energy

RUI Stage Analysis

Rubis

Week ending 25 Sep 2026Close EUR 34.58Tenure DevelopingBenchmark ^FCHI

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Rotation Up · Value reclamation

The Activity Line structure is rotating upward.

Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair.

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

Direction 59−100 bearish to +100 bullish

Energy 63/100directional strength

Maturity 15/100lifecycle context

Confidence 79/100evidence agreement

Trend gate Upstructural direction

Activity structure Moderateexpanding separation

Price acceptance +33.3%position within the Activity structure

Fair Value context +26.9%EUR 27.26 · improving

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
2026-09-25	34.58	33.47	5.74	527750	Rotation Up	59	63
2026-09-18	34.84	33.54	6.82	1187243	Rotation Up	36	51
2026-09-11	35.96	33.58	8.88	1155021	Rotation Up	57	61
2026-09-04	33.78	33.54	1.38	568013	Rotation Up	20	37
2026-08-28	33.68	33.58	-0.19	442433	Rotation Up	20	42
2026-08-21	33.70	33.59	-0.95	82979	Rotation Up	20	34
2026-08-14	34.54	33.60	-0.13	98336	Downward Expansion	36	37
2026-08-07	33.40	33.55	-4.14	140224	Downward Expansion	-19	21
2026-07-31	33.48	33.53	-1.53	137929	Downward Expansion	-30	21
2026-07-24	32.72	33.49	-2.05	82363	Downward Expansion	-59	62
2026-07-17	32.30	33.46	-2.77	61412	Downward Expansion	-60	71
2026-07-10	31.36	33.45	-5.48	60726	Downward Expansion	-68	70
2026-07-03	31.72	33.45	-6.26	104135	Balance	-64	57
2026-06-26	31.54	33.48	-5.36	139571	Balance	-36	33
2026-06-19	33.26	33.52	-0.53	555618	Balance	-2	4
2026-06-12	33.85	33.48	2.26	169694	Balance	5	8
2026-06-05	33.33	33.43	2.54	129705	Balance	-2	4
2026-05-29	33.42	33.39	3.57	893124	Balance	5	4
2026-05-22	33.87	33.33	6.18	1728712	Balance	-5	7
2026-05-15	32.78	33.25	5.23	1925906	Balance	-12	29
2026-05-08	33.06	33.19	4.35	1356934	Deceleration	-12	22
2026-05-01	33.08	33.14	4.62	585710	Deceleration	-9	16
2026-04-24	32.08	33.09	1.24	643099	Deceleration	-2	9
2026-04-17	31.67	33.08	-3.02	2107552	Deceleration	5	6
2026-04-10	35.70	33.07	11.65	822656	Deceleration	46	23
2026-04-03	35.06	32.86	14.34	476285	Deceleration	35	23
2026-03-27	33.60	32.62	14.06	831946	Deceleration	28	22
2026-03-20	33.36	32.44	14.51	1949747	Upward Expansion	38	24
2026-03-13	33.18	32.31	11.15	1138441	Upward Expansion	56	43
2026-03-06	35.24	32.17	17.49	1249528	Upward Expansion	66	70
2026-02-27	36.64	31.95	14.63	955948	Upward Expansion	85	92
2026-02-20	35.96	31.64	14.09	587732	Upward Expansion	84	88
2026-02-13	34.80	31.38	13.87	666298	Upward Expansion	72	77
2026-02-06	34.90	31.17	15.47	758366	Upward Expansion	79	78
2026-01-30	34.20	30.96	16.00	718133	Upward Expansion	72	69
2026-01-23	33.78	30.75	15.11	671372	Upward Expansion	71	60
2026-01-16	33.10	30.53	11.95	570581	Upward Expansion	63	42
2026-01-09	32.88	30.34	10.46	507969	Deceleration	62	37
2026-01-02	32.40	30.16	11.62	293054	Deceleration	44	25
2025-12-26	31.72	29.97	11.08	171385	Deceleration	38	24
2025-12-19	31.82	29.81	11.35	686765	Upward Expansion	43	32
2025-12-12	31.60	29.64	12.31	458773	Upward Expansion	55	38
2025-12-05	32.38	29.51	15.07	484331	Upward Expansion	60	47
2025-11-28	32.88	29.36	17.46	688105	Upward Expansion	70	52
2025-11-21	31.94	29.16	16.84	748422	Upward Expansion	60	47
2025-11-14	32.54	28.97	16.98	600278	Upward Expansion	73	55
2025-11-07	32.08	28.74	19.27	709620	Upward Expansion	70	51
2025-10-31	31.48	28.45	15.35	359563	Upward Expansion	64	52
2025-10-24	31.72	28.13	15.47	576865	Upward Expansion	69	58
2025-10-17	30.80	27.89	13.32	574274	Upward Expansion	66	76
2025-10-10	31.58	27.66	20.44	642983	Upward Expansion	70	87
2025-10-03	31.66	27.43	18.91	637132	Upward Expansion	77	88
2025-09-26	31.84	27.19	23.41	454702	Upward Expansion	86	82
2025-09-19	31.40	26.95	22.78	1897750	Upward Expansion	85	56
2025-09-12	29.16	26.70	15.14	833950	Upward Expansion	66	42
2025-09-05	28.02	26.54	13.36	606123	Upward Expansion	57	42
2025-08-29	28.28	26.38	14.29	782593	Upward Expansion	60	50
2025-08-22	29.18	26.22	14.07	491026	Upward Expansion	73	58
2025-08-15	29.20	26.01	14.90	444631	Upward Expansion	77	56
2025-08-08	28.54	25.80	15.09	352348	Upward Expansion	69	50
2025-08-01	27.48	25.59	13.83	389682	Upward Expansion	61	54
2025-07-25	28.18	25.41	12.43	612432	Upward Expansion	65	74
2025-07-18	28.22	25.19	12.79	566287	Upward Expansion	69	77
2025-07-11	28.78	24.97	15.02	681207	Upward Expansion	80	75
2025-07-04	27.74	24.73	12.97	684044	Upward Expansion	65	48
2025-06-27	27.40	24.51	11.82	963229	Upward Expansion	59	43
2025-06-20	27.32	24.30	13.19	1929808	Upward Expansion	60	43
2025-06-13	27.32	24.11	11.96	935088	Upward Expansion	61	43
2025-06-06	26.98	23.89	9.01	693432	Upward Expansion	59	46
2025-05-30	26.68	23.69	8.47	688630	Upward Expansion	62	61
2025-05-23	26.81	23.49	9.17	1027920	Upward Expansion	65	76
2025-05-16	27.78	23.38	10.92	922211	Upward Expansion	73	83
2025-05-09	27.95	23.22	13.72	810588	Upward Expansion	79	83
2025-05-02	26.76	23.08	8.67	684563	Upward Expansion	74	70
2025-04-25	26.29	22.96	10.05	583027	Upward Expansion	69	39
2025-04-18	25.68	22.84	11.17	924588	Upward Expansion	56	26
2025-04-11	23.17	22.72	2.86	1842839	Upward Expansion	30	20
2025-04-04	22.11	22.67	-4.37	1153744	Upward Expansion	22	14
2025-03-28	24.54	22.72	-2.78	727538	Upward Expansion	64	43
2025-03-21	23.61	22.80	-8.14	2186470	Upward Expansion	61	46
2025-03-14	24.93	22.91	-2.82	990785	Rotation Up	75	74
2025-03-07	24.28	22.93	-6.30	726550	Rotation Up	40	64
2025-02-28	24.66	22.97	-4.73	652507	Rotation Up	52	69
2025-02-21	24.00	23.03	-7.53	700866	Rotation Up	35	60
2025-02-14	24.19	23.13	-6.94	798595	Rotation Up	40	58
2025-02-07	23.22	23.19	-8.24	692951	Balance	5	32
2025-01-31	23.52	23.29	-6.64	582594	Balance	12	26
2025-01-24	23.05	23.37	-8.05	804652	Balance	-1	14
2025-01-17	22.70	23.41	-6.78	644935	Downward Expansion	-13	15
2025-01-10	22.33	23.50	-4.73	483551	Downward Expansion	-34	19
2025-01-03	22.01	23.60	-4.02	351298	Downward Expansion	-39	26
2024-12-27	21.79	23.82	-5.75	305986	Downward Expansion	-42	32
2024-12-20	21.36	24.04	-6.36	855017	Downward Expansion	-47	39
2024-12-13	21.62	24.27	-6.75	560200	Downward Expansion	-57	45
2024-12-06	21.27	24.48	-8.30	857448	Downward Expansion	-61	52
2024-11-29	21.14	24.68	-6.27	875265	Downward Expansion	-61	61
2024-11-22	21.53	24.91	-4.65	1431262	Downward Expansion	-63	74
2024-11-15	20.82	25.14	-7.79	1155460	Downward Expansion	-71	78
2024-11-08	20.95	25.38	-7.98	1146801	Downward Expansion	-75	63
2024-11-01	20.67	25.66	-9.95	1832521	Downward Expansion	-80	54
2024-10-25	23.32	25.95	0.46	740619	Downward Expansion	-46	36
2024-10-18	23.26	26.12	-0.95	864852	Downward Expansion	-59	47
2024-10-11	23.54	26.14	0.98	980771	Downward Expansion	-63	70
2024-10-04	23.13	26.13	0.00	969905	Downward Expansion	-64	84
2024-09-27	22.68	26.15	-4.80	777853	Downward Expansion	-65	84
2024-09-20	22.18	26.10	-3.09	1411574	Rotation Down	-78	84
2024-09-13	21.73	26.07	-4.44	2080431	Rotation Down	-57	66
2024-09-06	23.54	26.06	5.24	1384267	Deceleration	-42	28
2024-08-30	27.09	25.94	17.13	399262	Deceleration	27	12
2024-08-23	26.85	25.71	17.56	521062	Deceleration	19	10
2024-08-16	25.57	25.50	14.51	409973	Deceleration	11	9
2024-08-09	25.49	25.32	17.62	919910	Deceleration	13	11
2024-08-02	26.46	25.15	23.12	491974	Deceleration	25	19
2024-07-26	26.72	24.94	20.80	551917	Deceleration	21	15
2024-07-19	26.20	24.70	18.91	465711	Deceleration	3	18
2024-07-12	26.20	24.48	16.67	701005	Deceleration	1	24
2024-07-05	25.83	24.26	16.35	851295	Deceleration	2	30
2024-06-28	24.43	24.04	13.49	919162	Deceleration	-12	29
2024-06-21	25.33	23.88	15.85	1945170	Deceleration	27	21
2024-06-14	25.27	23.68	17.99	1882373	Upward Expansion	39	32
2024-06-07	28.59	23.48	25.67	1259503	Upward Expansion	67	59
2024-05-31	28.42	23.15	25.54	1401361	Deceleration	54	53
2024-05-24	28.14	22.82	23.27	816019	Deceleration	51	53
2024-05-17	27.90	22.46	21.65	823936	Upward Expansion	51	56
2024-05-10	27.50	22.12	19.65	1033201	Upward Expansion	62	62
2024-05-03	28.06	21.82	26.56	683361	Upward Expansion	65	67
2024-04-26	28.21	21.50	25.87	646728	Upward Expansion	67	86
2024-04-19	28.14	21.17	27.12	1337885	Upward Expansion	69	89
2024-04-12	29.32	20.88	33.33	1227730	Upward Expansion	90	97
2024-04-05	29.27	20.56	33.04	1864506	Upward Expansion	97	99
2024-03-29	28.46	20.22	27.84	3073944	Upward Expansion	99	99
2024-03-22	23.81	19.93	8.27	1031970	Upward Expansion	86	94
2024-03-15	23.47	19.77	6.67	2671004	Upward Expansion	89	95
2024-03-08	23.55	19.61	8.92	1685518	Upward Expansion	94	96
2024-03-01	21.24	19.46	-0.59	1294207	Upward Expansion	70	76
2024-02-23	21.38	19.37	-0.50	844941	Upward Expansion	78	78
2024-02-16	21.36	19.31	1.77	945974	Upward Expansion	84	74
2024-02-09	20.04	19.24	-3.09	1184552	Upward Expansion	58	48
2024-02-02	20.15	19.21	-2.08	486753	Upward Expansion	61	65
2024-01-26	20.58	19.16	-0.67	579814	Upward Expansion	73	71
2024-01-19	19.96	19.12	-0.43	728887	Upward Expansion	61	61
2024-01-12	20.53	19.11	0.96	911626	Rotation Up	76	68
2024-01-05	20.08	19.12	-0.82	642085	Rotation Up	44	48
2023-12-29	19.56	19.17	-5.15	417876	Rotation Up	30	32
2023-12-22	19.61	19.22	-5.53	824395	Rotation Up	23	36
2023-12-15	19.61	19.26	-6.18	1774877	Rotation Up	24	33
2023-12-08	19.21	19.31	-7.52	826420	Balance	16	26
2023-12-01	19.59	19.36	-3.60	607129	Balance	3	21
2023-11-24	19.43	19.40	-3.80	569084	Downward Expansion	-11	19
2023-11-17	19.35	19.47	-3.63	863628	Downward Expansion	-26	17
2023-11-10	18.69	19.52	-4.54	1870641	Downward Expansion	-58	42
2023-11-03	18.55	19.61	-5.48	951127	Downward Expansion	-62	65
2023-10-27	17.24	19.66	-9.06	1066092	Downward Expansion	-81	83
2023-10-20	17.78	19.75	-6.74	946744	Downward Expansion	-74	76
2023-10-13	18.41	19.80	-6.25	758907	Downward Expansion	-64	62
2023-10-06	18.32	19.84	-7.60	1126859	Downward Expansion	-66	43

Price vs TrendAbove+3.3%

Trend directionRising+0.0%

Price vs current Fair ValuePremium+26.9%

Fair Value directionClosing upward+5.8%

Relative Strength vs benchmarkLeading+5.7%

Relative strength directionImproving+11.1%

Price momentumPositive+2.9%

Volume balanceSupply-led0.90×

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

59 / ±100

+38.9 points since 2026-08-28

Energy

63 /100

+21.1 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.

RUI Directional State ↗ RUI Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance33

Rotation Up64

Upward Expansion82

Deceleration53

Rotation Down10

Downward Expansion13

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

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

Balance 8%Rotation Up 10%Upward Expansion 45%Deceleration 15%Rotation Down 1%Downward Expansion 20%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Rotation Up	2026-08-21	2026-09-25	Developing	+2.6%
Downward Expansion	2026-07-10	2026-08-14	Developing	+10.1%
Balance	2026-05-15	2026-07-03	Developing	-3.2%
Deceleration	2026-03-27	2026-05-08	Developing	-1.6%
Upward Expansion	2026-01-16	2026-03-20	Developing	+0.8%
Deceleration	2025-12-26	2026-01-09	New	+3.7%
Upward Expansion	2025-03-21	2025-12-19	Extended	+34.8%
Rotation Up	2025-02-14	2025-03-14	Developing	+3.1%
Balance	2025-01-24	2025-02-07	New	+0.7%
Downward Expansion	2024-09-27	2025-01-17	Established	+0.1%
Rotation Down	2024-09-13	2024-09-20	New	+2.1%
Deceleration	2024-06-21	2024-09-06	Developing	-7.1%
Upward Expansion	2024-06-07	2024-06-14	New	-11.6%
Deceleration	2024-05-24	2024-05-31	New	+1.0%

Classic Stage Analysis comparison

Stage 1 · Basing53

Stage 2 · Advancing70

Stage 3 · Distribution71

Stage 4 · Declining30

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

Leadership versus ^FCHI

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: 69/100
Current Relative Strength: 5.74
Relative Strength direction: Improving
Price momentum: +2.9%
Excess performance vs benchmark: -2.0%
Energy regime cohort: 100th percentile1 in cohort

Test RUI trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.04×

Latest completed volume relative to typical participation.

Up/down volume0.90×

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 2

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+37.5%

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 RUI Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity EUR 34.76rising

Slow Activity EUR 33.54rising

Trend Reference EUR 33.47+3.3% close margin

Current Fair Value EUR 27.26+26.9% close margin

Structural low EUR 31.01shock / repair context

What changes the read?

Full positive ordering with expanding width confirms Upward Expansion. Loss of the fast/slow repair and renewed downside acceptance cancels it.

Range context +2.9%

Annualized volatility +24.8%

From structural high -6.0%

From structural low +15.3%

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 ^FCHI	Regime survived	Read
Near term	8	+2.1%-7.1% to +4.7%	+62.5%	+62.5%	+4.3%	+50.0%	Usable descriptive sample
Intermediate	4	+11.2%-3.5% to +19.7%	+75.0%	+75.0%	+6.3%	+0.0%	Too little matched history
Extended	4	+13.2%-9.9% to +28.9%	+75.0%	+75.0%	+10.5%	+0.0%	Too little matched history
Full cycle	3	+10.3%-0.5% to +43.9%	+66.7%	+66.7%	+12.7%	+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.

RUI Stage Analysis

What the Activity Line geometry says now

The Activity Line structure is rotating 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 Activity Line structure is rotating 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 ↗

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