Weekly structural research · NYSE · Basic Materials

MTRN Stage Analysis

Materion Corporation

Week ending 9 Oct 2026Close USD 280.45Tenure NewBenchmark SPY

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Upward Expansion · Re-accelerating

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 54/100directional strength

Maturity 20/100lifecycle context

Confidence 87/100evidence agreement

Trend gate Upstructural direction

Activity structure Compressedexpanding separation

Price acceptance +83.3%position within the Activity structure

Fair Value context +109.8%USD 133.70 · 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	280.45	229.44	37.39	1784763	Upward Expansion	57	54
2026-10-02	312.16	224.63	56.75	1438549	Deceleration	75	59
2026-09-25	264.96	219.02	34.95	988427	Deceleration	53	27
2026-09-18	251.53	215.62	31.34	1495327	Deceleration	26	13
2026-09-11	257.51	212.20	35.87	1063828	Deceleration	38	19
2026-09-04	244.24	208.93	29.56	1143286	Deceleration	34	18
2026-08-28	237.74	205.83	27.67	1315664	Deceleration	39	28
2026-08-21	231.96	202.51	26.53	1599277	Deceleration	49	31
2026-08-14	282.96	199.27	53.80	1350434	Deceleration	66	42
2026-08-07	289.87	194.70	60.25	2717202	Deceleration	60	34
2026-07-31	210.71	189.63	22.66	2977415	Deceleration	34	24
2026-07-24	240.87	186.88	43.10	1035296	Upward Expansion	48	44
2026-07-17	244.97	183.14	46.86	1278869	Upward Expansion	63	61
2026-07-10	257.66	179.19	54.45	1525648	Upward Expansion	66	67
2026-07-03	265.43	174.86	64.17	1652833	Upward Expansion	68	83
2026-06-26	287.02	170.18	84.95	3074197	Upward Expansion	92	96
2026-06-19	274.98	164.68	77.16	1925414	Upward Expansion	94	96
2026-06-12	247.26	159.42	64.40	1774769	Upward Expansion	90	91
2026-06-05	220.75	155.05	50.49	1767389	Upward Expansion	76	88
2026-05-29	220.04	151.55	48.62	1266737	Upward Expansion	81	90
2026-05-22	214.90	148.03	49.59	1363340	Upward Expansion	82	89
2026-05-15	204.89	145.33	46.13	1577029	Upward Expansion	80	89
2026-05-08	199.24	142.79	44.49	1298309	Upward Expansion	81	88
2026-05-01	188.10	140.07	41.59	1841852	Upward Expansion	75	83
2026-04-24	185.77	137.94	42.88	981672	Upward Expansion	79	82
2026-04-17	181.83	135.71	42.23	973458	Deceleration	78	67
2026-04-10	163.23	133.66	34.97	743050	Deceleration	63	32
2026-04-03	149.02	131.92	28.95	819399	Deceleration	35	21
2026-03-27	141.30	130.69	27.58	1216964	Deceleration	27	21
2026-03-20	131.97	129.66	17.43	1590802	Deceleration	27	15
2026-03-13	135.90	129.04	19.42	1054251	Upward Expansion	44	30
2026-03-06	144.10	128.22	25.45	1439458	Upward Expansion	61	50
2026-02-27	162.95	126.95	39.99	1286624	Upward Expansion	78	75
2026-02-20	148.93	125.01	28.51	752565	Upward Expansion	63	68
2026-02-13	159.43	123.19	40.01	1039711	Upward Expansion	84	72
2026-02-06	151.13	121.01	32.15	974200	Upward Expansion	82	76
2026-01-30	138.06	118.83	21.23	1058331	Upward Expansion	64	69
2026-01-23	134.90	117.07	19.35	877483	Upward Expansion	63	62
2026-01-16	145.68	115.25	28.84	752668	Upward Expansion	85	80
2026-01-09	137.75	112.95	21.99	654064	Upward Expansion	77	64
2026-01-02	128.33	110.95	15.95	377817	Upward Expansion	61	51
2025-12-26	128.70	109.33	15.40	359803	Upward Expansion	63	49
2025-12-19	126.46	107.61	15.25	1236803	Upward Expansion	59	43
2025-12-12	127.63	105.93	16.68	736487	Deceleration	63	40
2025-12-05	125.05	104.32	13.72	745445	Deceleration	59	34
2025-11-28	122.00	102.65	11.30	459595	Deceleration	42	23
2025-11-21	117.28	101.30	10.76	535109	Deceleration	36	25
2025-11-14	116.22	100.14	7.40	585451	Upward Expansion	43	33
2025-11-07	115.79	98.88	6.86	736747	Upward Expansion	50	45
2025-10-31	114.31	97.61	3.44	1215346	Upward Expansion	63	55
2025-10-24	134.02	96.25	21.89	630405	Upward Expansion	85	75
2025-10-17	128.49	94.55	19.38	793903	Upward Expansion	81	70
2025-10-10	117.77	93.10	11.49	632478	Upward Expansion	65	65
2025-10-03	124.08	92.01	14.59	776893	Upward Expansion	81	71
2025-09-26	119.10	90.81	11.23	680244	Upward Expansion	76	68
2025-09-19	120.16	89.87	11.66	1271511	Upward Expansion	83	70
2025-09-12	110.98	89.03	4.29	559092	Upward Expansion	67	67
2025-09-05	112.28	88.55	6.91	434413	Upward Expansion	72	87
2025-08-29	110.49	88.09	5.33	601888	Upward Expansion	70	88
2025-08-22	113.15	87.75	7.37	602711	Upward Expansion	83	93
2025-08-15	111.48	87.37	5.63	924207	Rotation Up	88	95
2025-08-08	106.04	87.00	1.10	1230766	Rotation Up	60	83
2025-08-01	104.65	86.57	1.73	2059139	Rotation Up	62	77
2025-07-25	94.42	86.29	-10.78	1205469	Rotation Up	37	59
2025-07-18	93.82	86.47	-10.76	1139894	Downward Expansion	36	35
2025-07-11	85.77	86.63	-18.48	792379	Downward Expansion	-3	11
2025-07-04	85.25	87.43	-19.76	658953	Downward Expansion	-23	13
2025-06-27	80.44	88.26	-23.48	1298822	Downward Expansion	-41	25
2025-06-20	76.50	89.41	-25.27	785423	Downward Expansion	-57	36
2025-06-13	77.95	90.72	-24.56	455300	Downward Expansion	-55	37
2025-06-06	79.53	91.91	-23.89	688647	Downward Expansion	-55	38
2025-05-30	77.12	93.21	-25.58	529166	Downward Expansion	-58	45
2025-05-23	76.25	94.11	-25.82	744400	Downward Expansion	-61	45
2025-05-16	79.11	95.00	-25.69	1131451	Downward Expansion	-55	39
2025-05-09	74.98	95.86	-26.53	1266232	Downward Expansion	-69	48
2025-05-02	81.46	96.83	-21.28	644649	Downward Expansion	-59	47
2025-04-25	82.71	97.60	-18.30	524815	Downward Expansion	-64	58
2025-04-18	78.31	98.56	-19.80	392798	Downward Expansion	-67	73
2025-04-11	77.70	99.53	-22.30	760338	Downward Expansion	-72	79
2025-04-04	73.45	100.43	-23.17	760980	Downward Expansion	-89	91
2025-03-28	82.93	101.41	-21.90	391797	Downward Expansion	-76	84
2025-03-21	85.14	102.48	-21.82	823069	Downward Expansion	-75	84
2025-03-14	85.00	103.58	-22.38	592736	Downward Expansion	-80	81
2025-03-07	88.26	104.47	-22.02	422549	Downward Expansion	-76	74
2025-02-28	90.83	105.22	-23.01	539885	Downward Expansion	-73	63
2025-02-21	95.02	105.74	-21.09	393206	Downward Expansion	-63	42
2025-02-14	96.32	106.55	-22.05	398406	Downward Expansion	-53	33
2025-02-07	98.66	107.14	-19.86	378649	Downward Expansion	-46	29
2025-01-31	100.28	107.52	-19.33	547338	Downward Expansion	-55	37
2025-01-24	101.63	107.69	-19.65	299762	Downward Expansion	-58	56
2025-01-17	100.36	107.87	-19.80	370388	Downward Expansion	-62	69
2025-01-10	93.23	108.05	-23.87	344438	Downward Expansion	-75	77
2025-01-03	96.42	108.51	-23.46	312025	Balance	-70	67
2024-12-27	99.54	108.94	-22.09	256472	Balance	-61	40
2024-12-20	98.83	109.40	-22.88	1185069	Balance	-32	20
2024-12-13	109.81	109.91	-16.66	331723	Balance	46	23
2024-12-06	110.18	110.10	-17.45	330733	Balance	24	32
2024-11-29	114.80	110.25	-13.77	304847	Balance	27	30
2024-11-22	115.93	109.96	-12.35	425115	Balance	19	23
2024-11-15	113.63	110.03	-13.10	551602	Balance	2	9
2024-11-08	118.35	110.18	-11.84	495999	Downward Expansion	-11	6
2024-11-01	104.19	110.38	-19.00	389007	Downward Expansion	-51	38
2024-10-25	102.98	111.05	-21.54	293771	Balance	-56	39
2024-10-18	104.73	111.96	-21.34	359389	Balance	-52	28
2024-10-11	104.31	112.90	-21.27	443656	Balance	-54	29
2024-10-04	104.62	113.69	-20.43	773226	Balance	-52	35
2024-09-27	111.50	114.57	-15.29	395553	Balance	-44	33
2024-09-20	107.18	115.32	-18.41	765870	Balance	-48	38
2024-09-13	104.73	116.08	-19.47	481533	Balance	-53	28
2024-09-06	102.81	117.13	-18.15	310312	Balance	-49	21
2024-08-30	115.08	117.81	-12.47	281739	Balance	-9	10
2024-08-23	118.08	117.95	-10.26	293760	Balance	-5	6
2024-08-16	111.88	117.83	-13.99	404931	Downward Expansion	-30	15
2024-08-09	110.61	118.05	-11.83	625787	Downward Expansion	-31	18
2024-08-02	106.47	118.38	-15.34	595415	Downward Expansion	-46	26
2024-07-26	119.42	118.88	-7.30	459093	Downward Expansion	-21	17
2024-07-19	113.98	119.19	-12.50	619561	Downward Expansion	-46	32
2024-07-12	110.09	119.62	-17.45	453895	Downward Expansion	-62	56
2024-07-05	105.20	120.01	-20.82	247353	Downward Expansion	-70	74
2024-06-28	107.12	120.29	-18.35	658659	Downward Expansion	-65	70
2024-06-21	105.70	120.52	-19.86	512028	Downward Expansion	-70	67
2024-06-14	107.27	120.77	-18.49	455445	Downward Expansion	-68	54
2024-06-07	109.18	121.01	-16.02	413061	Rotation Down	-66	48
2024-05-31	113.31	120.86	-12.08	540909	Rotation Down	-30	33
2024-05-24	114.05	120.75	-12.13	400667	Rotation Down	-32	52
2024-05-17	115.76	120.09	-11.04	417913	Rotation Down	-32	55
2024-05-10	114.50	119.34	-10.79	624865	Rotation Down	-22	44
2024-05-03	106.10	118.72	-15.96	708136	Deceleration	-40	41
2024-04-26	118.14	118.39	-6.24	460816	Deceleration	-0	17
2024-04-19	118.22	117.80	-3.90	424558	Deceleration	11	14
2024-04-12	124.11	117.22	-2.42	465368	Deceleration	34	19
2024-04-05	124.38	116.63	-3.88	727154	Upward Expansion	40	26
2024-03-29	130.36	115.87	-0.43	570128	Upward Expansion	55	39
2024-03-22	132.77	115.18	1.52	527156	Upward Expansion	65	49
2024-03-15	128.16	114.24	-0.02	632774	Upward Expansion	61	55
2024-03-08	130.88	113.41	1.90	311956	Upward Expansion	63	71
2024-03-01	134.15	112.55	4.04	439394	Upward Expansion	72	76
2024-02-23	129.92	111.47	1.53	429996	Upward Expansion	67	67
2024-02-16	136.08	110.96	7.97	773887	Deceleration	81	53
2024-02-09	123.36	110.18	-2.47	322917	Deceleration	49	29
2024-02-02	119.14	110.05	-4.24	477469	Deceleration	38	24
2024-01-26	114.64	109.95	-6.39	418823	Upward Expansion	41	26
2024-01-19	118.48	109.88	-2.14	283201	Upward Expansion	59	47
2024-01-12	120.46	109.45	0.83	377444	Upward Expansion	64	71
2024-01-05	121.44	109.04	3.64	320688	Upward Expansion	67	80
2023-12-29	128.63	108.56	8.27	256998	Upward Expansion	82	87
2023-12-22	127.04	107.86	7.67	415654	Upward Expansion	85	83
2023-12-15	121.77	107.05	4.49	801917	Rotation Up	80	76
2023-12-08	113.60	106.45	0.12	376347	Rotation Up	29	56
2023-12-01	113.94	106.00	0.94	342834	Rotation Up	29	52
2023-11-24	113.36	105.70	1.62	167558	Rotation Up	29	37
2023-11-17	114.27	105.48	3.88	450374	Downward Expansion	19	24
2023-11-10	104.78	105.29	-2.10	344487	Downward Expansion	-32	16
2023-11-03	109.89	105.53	4.42	609469	Downward Expansion	-26	23
2023-10-27	94.41	105.56	-4.58	456525	Downward Expansion	-66	70
2023-10-20	93.33	106.22	-7.95	370851	Downward Expansion	-72	72

Price vs TrendAbove+22.2%

Trend directionRising+21.0%

Price vs current Fair ValuePremium+109.8%

Fair Value directionMoving away-3.4%

Relative Strength vs benchmarkLeading+37.4%

Relative strength directionWeakening-17.1%

Price momentumPositive+71.8%

Volume balanceSupply-led0.75×

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

+19.0 points since 2026-09-11

Energy

54 /100

+35.5 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.

MTRN Directional State ↗ MTRN Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance35

Rotation Up65

Upward Expansion87

Deceleration44

Rotation Down13

Downward Expansion11

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 12%Rotation Up 5%Upward Expansion 35%Deceleration 17%Rotation Down 3%Downward Expansion 29%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2026-10-09	2026-10-09	New	+0.0%
Deceleration	2026-07-31	2026-10-02	Developing	+48.1%
Upward Expansion	2026-04-24	2026-07-24	Established	+29.7%
Deceleration	2026-03-20	2026-04-17	Developing	+37.8%
Upward Expansion	2025-12-19	2026-03-13	Established	+7.5%
Deceleration	2025-11-21	2025-12-12	New	+8.8%
Upward Expansion	2025-08-22	2025-11-14	Established	+2.7%
Rotation Up	2025-07-25	2025-08-15	New	+18.1%
Downward Expansion	2025-01-10	2025-07-18	Extended	+0.6%
Balance	2024-11-15	2025-01-03	Developing	-15.1%
Downward Expansion	2024-11-01	2024-11-08	New	+13.6%
Balance	2024-08-23	2024-10-25	Developing	-12.8%
Downward Expansion	2024-06-14	2024-08-16	Developing	+4.3%
Rotation Down	2024-05-10	2024-06-07	Developing	-4.6%

Classic Stage Analysis comparison

Stage 1 · Basing3

Stage 2 · Advancing100

Stage 3 · Distribution67

Stage 4 · Declining0

Legacy result: Stage 2 · Stage 2B · Advancing. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus SPY

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: 79/100
Current Relative Strength: 37.39
Relative Strength direction: Weakening
Price momentum: +71.8%
Excess performance vs benchmark: +56.9%
Basic Materials regime cohort: 93th percentile15 in cohort

Test MTRN trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.08×

Latest completed volume relative to typical participation.

Up/down volume0.75×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 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+50.0%

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 MTRN Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity USD 280.42rising

Slow Activity USD 250.62rising

Trend Reference USD 229.44+22.2% close margin

Current Fair Value USD 133.70+109.8% close margin

Structural low USD 160.51shock / 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 +13.9%

Annualized volatility +70.6%

From structural high -13.7%

From structural low +156.6%

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 SPY	Regime survived	Read
Near term	26	+2.4%-14.8% to +29.4%	+57.7%	+57.7%	+0.4%	+69.2%	Usable descriptive sample
Intermediate	9	+4.4%-20.4% to +29.7%	+66.7%	+66.7%	+1.2%	+44.4%	Usable descriptive sample
Extended	6	+17.2%-14.6% to +55.7%	+66.7%	+66.7%	+8.9%	+50.0%	Usable descriptive sample
Full cycle	4	+9.8%-20.6% to +105.0%	+50.0%	+50.0%	+5.7%	+25.0%	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.

MTRN 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 ↗

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