Weekly structural research · NYSE · Industrials

MAN Stage Analysis

ManpowerGroup Inc

Week ending 25 Sep 2026Close USD 57.41Tenure EstablishedBenchmark SPY

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Upward Expansion · Established 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: weakening.
Activity structure: wide and contracting.

Direction 51−100 bearish to +100 bullish

Energy 50/100directional strength

Maturity 100/100lifecycle context

Confidence 69/100evidence agreement

Trend gate Upstructural direction

Activity structure Widecontracting separation

Price acceptance +50.0%position within the Activity structure

Fair Value context +14.3%USD 50.23 · 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	57.41	40.27	47.50	3629206	Upward Expansion	51	50
2026-09-18	57.64	39.27	51.03	4121839	Upward Expansion	64	61
2026-09-11	56.46	38.28	49.03	3612554	Upward Expansion	67	65
2026-09-04	61.98	37.33	63.47	3591626	Upward Expansion	73	76
2026-08-28	62.39	36.46	65.97	3127865	Upward Expansion	80	87
2026-08-21	61.45	35.57	65.40	5684601	Upward Expansion	84	90
2026-08-14	58.30	34.52	55.64	3715801	Upward Expansion	82	93
2026-08-07	56.60	33.55	52.14	4813069	Upward Expansion	86	94
2026-07-31	52.42	32.69	46.54	7706885	Upward Expansion	83	93
2026-07-24	51.33	31.93	45.61	7355455	Upward Expansion	90	95
2026-07-17	52.34	31.19	47.62	12443627	Upward Expansion	96	95
2026-07-10	38.71	30.42	7.66	5458652	Upward Expansion	75	79
2026-07-03	38.79	30.08	8.61	4948970	Upward Expansion	81	80
2026-06-26	36.20	29.70	2.89	11337629	Upward Expansion	77	75
2026-06-19	33.55	29.41	-7.42	3837239	Upward Expansion	65	67
2026-06-12	34.00	29.19	-5.96	4303718	Balance	62	59
2026-06-05	32.30	28.96	-10.84	3803147	Balance	34	27
2026-05-29	30.95	28.80	-17.39	4338762	Balance	26	10
2026-05-22	28.74	28.74	-22.98	3689770	Balance	-36	16
2026-05-15	25.41	28.84	-32.09	5325228	Balance	-57	23
2026-05-08	29.20	29.06	-22.85	3670558	Balance	-4	10
2026-05-01	29.87	29.30	-20.14	3773481	Downward Expansion	-19	13
2026-04-24	28.84	29.55	-23.09	7041934	Downward Expansion	-29	15
2026-04-17	30.46	29.82	-19.29	7517817	Downward Expansion	-24	12
2026-04-10	26.35	29.99	-27.79	5983189	Downward Expansion	-57	31
2026-04-03	28.72	30.34	-19.95	3445322	Downward Expansion	-53	33
2026-03-27	27.81	30.69	-21.33	5576063	Downward Expansion	-57	52
2026-03-20	26.05	31.11	-29.33	5741949	Downward Expansion	-65	65
2026-03-13	25.27	31.66	-33.96	6218422	Downward Expansion	-70	59
2026-03-06	28.48	32.13	-28.20	6856154	Balance	-43	37
2026-02-27	27.37	32.47	-33.67	10392751	Balance	-49	30
2026-02-20	28.05	32.80	-33.48	5744344	Rotation Up	-37	21
2026-02-13	28.05	33.32	-33.66	9951842	Rotation Up	-23	24
2026-02-06	35.86	33.76	-17.43	7387993	Rotation Up	22	35
2026-01-30	35.55	33.97	-19.23	9015814	Rotation Up	18	24
2026-01-23	29.95	34.19	-32.58	3730623	Downward Expansion	-34	21
2026-01-16	29.43	34.48	-34.97	4670210	Downward Expansion	-37	25
2026-01-09	30.74	34.73	-33.33	4613048	Downward Expansion	-37	25
2026-01-02	29.42	34.99	-36.00	2894179	Downward Expansion	-42	34
2025-12-26	29.19	35.30	-38.03	2501012	Downward Expansion	-46	43
2025-12-19	29.22	35.64	-37.93	5954551	Downward Expansion	-51	51
2025-12-12	28.73	35.98	-39.71	4935102	Downward Expansion	-63	63
2025-12-05	27.29	36.39	-43.89	3874237	Downward Expansion	-66	77
2025-11-28	27.45	36.78	-44.22	3967204	Downward Expansion	-68	87
2025-11-21	26.82	37.25	-44.36	5561954	Downward Expansion	-77	91
2025-11-14	27.34	37.68	-45.20	6356272	Downward Expansion	-80	92
2025-11-07	27.40	38.02	-45.78	5064542	Downward Expansion	-86	94
2025-10-31	29.26	38.70	-43.88	7189547	Downward Expansion	-85	88
2025-10-24	31.60	39.36	-39.87	4843368	Downward Expansion	-79	74
2025-10-17	32.18	40.14	-38.42	6964095	Downward Expansion	-80	65
2025-10-10	36.29	40.87	-30.28	4795512	Downward Expansion	-62	57
2025-10-03	37.43	41.54	-30.82	4010552	Downward Expansion	-58	60
2025-09-26	36.83	42.25	-32.11	4953369	Downward Expansion	-58	58
2025-09-19	35.64	42.83	-35.45	12380902	Downward Expansion	-68	52
2025-09-12	36.64	43.32	-33.84	5613372	Downward Expansion	-63	31
2025-09-05	39.38	43.82	-28.78	2706086	Downward Expansion	-39	18
2025-08-29	40.47	44.29	-27.52	4001342	Downward Expansion	-33	19
2025-08-22	42.40	44.83	-25.08	3600300	Downward Expansion	-32	26
2025-08-15	39.39	45.30	-31.02	3579156	Downward Expansion	-42	32
2025-08-08	38.64	45.85	-32.51	4234023	Downward Expansion	-57	34
2025-08-01	37.46	46.27	-33.81	5223055	Downward Expansion	-51	25
2025-07-25	43.62	46.82	-25.83	4407572	Downward Expansion	-26	25
2025-07-18	41.28	47.15	-29.60	8156273	Downward Expansion	-38	25
2025-07-11	42.08	47.56	-28.59	5507682	Downward Expansion	-44	31
2025-07-04	42.25	48.07	-29.20	3945368	Downward Expansion	-49	40
2025-06-27	38.63	48.58	-34.78	3902456	Downward Expansion	-63	52
2025-06-20	36.75	49.25	-36.51	3427061	Downward Expansion	-72	61
2025-06-13	38.49	49.94	-34.41	4608036	Downward Expansion	-68	57
2025-06-06	38.76	50.54	-34.92	3367509	Downward Expansion	-68	57
2025-05-30	39.34	51.21	-33.63	3726054	Downward Expansion	-67	58
2025-05-23	39.45	51.83	-33.05	3193890	Downward Expansion	-68	59
2025-05-16	41.23	52.43	-32.56	4702905	Downward Expansion	-66	74
2025-05-09	38.81	53.05	-33.93	5485928	Downward Expansion	-76	89
2025-05-02	41.49	53.94	-30.50	6210571	Downward Expansion	-68	86
2025-04-25	39.79	54.73	-32.17	7477360	Downward Expansion	-83	90
2025-04-18	37.57	55.64	-33.75	5506727	Downward Expansion	-90	88
2025-04-11	47.92	56.64	-17.67	4458508	Downward Expansion	-70	64
2025-04-04	48.94	57.22	-11.71	3855686	Balance	-66	35
2025-03-28	55.01	57.72	-10.29	2555022	Balance	-15	15
2025-03-21	54.09	58.14	-13.63	4232487	Downward Expansion	-31	21
2025-03-14	56.47	58.57	-9.88	4286479	Downward Expansion	-28	14
2025-03-07	58.76	58.85	-8.82	6874486	Downward Expansion	-23	21
2025-02-28	54.04	59.03	-19.15	4625149	Downward Expansion	-59	54
2025-02-21	50.42	59.45	-25.78	2204397	Downward Expansion	-76	59
2025-02-14	51.80	60.06	-25.55	3266508	Downward Expansion	-71	42
2025-02-07	53.50	60.51	-22.52	3448620	Downward Expansion	-51	29
2025-01-31	56.47	60.85	-18.95	6167273	Downward Expansion	-44	32
2025-01-24	56.63	61.06	-20.10	2326128	Downward Expansion	-59	46
2025-01-17	55.83	61.30	-20.51	3305082	Downward Expansion	-64	64
2025-01-10	51.12	61.65	-25.68	2504834	Downward Expansion	-80	82
2025-01-03	54.12	62.14	-23.58	2543136	Downward Expansion	-68	71
2024-12-27	53.63	62.52	-25.34	2010585	Downward Expansion	-75	68
2024-12-20	53.39	62.97	-25.91	6076875	Downward Expansion	-80	55
2024-12-13	57.37	63.42	-22.61	3752624	Downward Expansion	-63	46
2024-12-06	57.54	63.80	-23.53	3089747	Downward Expansion	-64	50
2024-11-29	58.92	64.18	-21.69	1898877	Downward Expansion	-63	51
2024-11-22	57.19	64.47	-23.70	2424133	Downward Expansion	-68	76
2024-11-15	56.48	64.83	-24.02	2413597	Downward Expansion	-76	83
2024-11-08	58.92	65.19	-22.99	2844739	Downward Expansion	-67	79
2024-11-01	57.94	65.35	-21.27	3511904	Downward Expansion	-75	80
2024-10-25	57.59	65.64	-23.40	4513359	Downward Expansion	-77	71
2024-10-18	59.73	66.04	-21.89	4998716	Balance	-69	49
2024-10-11	65.50	66.26	-14.19	2222838	Balance	-21	10
2024-10-04	65.37	66.25	-13.81	2116707	Balance	-19	9
2024-09-27	67.08	66.32	-11.80	2335706	Balance	9	5
2024-09-20	67.47	66.27	-11.23	3327748	Balance	-8	5
2024-09-13	65.41	66.18	-13.13	1470956	Balance	-31	12
2024-09-06	63.68	66.11	-12.47	1038071	Balance	-40	15
2024-08-30	67.67	66.16	-11.22	1043732	Balance	12	6
2024-08-23	67.11	66.12	-12.17	1138453	Downward Expansion	-19	8
2024-08-16	64.87	66.18	-14.38	1666899	Downward Expansion	-32	16
2024-08-09	64.18	66.29	-12.39	1631230	Downward Expansion	-36	19
2024-08-02	66.67	66.45	-9.39	1984562	Downward Expansion	-25	14
2024-07-26	68.48	66.52	-9.27	2370091	Downward Expansion	-19	12
2024-07-19	65.40	66.61	-14.42	3420687	Downward Expansion	-54	48
2024-07-12	63.71	66.80	-18.65	2402604	Downward Expansion	-60	57
2024-07-05	62.86	67.05	-19.55	1741338	Balance	-67	58
2024-06-28	63.90	67.23	-17.21	2500937	Balance	-62	44
2024-06-21	66.28	67.37	-14.66	1946680	Balance	-37	22
2024-06-14	65.85	67.39	-15.07	2202188	Balance	-38	22
2024-06-07	65.52	67.41	-14.50	1820293	Balance	-38	16
2024-05-31	66.91	67.39	-12.01	1547975	Balance	6	10
2024-05-24	66.95	67.30	-12.64	1912576	Balance	11	23
2024-05-17	68.92	67.10	-10.36	1711153	Balance	27	34
2024-05-10	68.77	66.86	-9.33	1370569	Balance	45	29
2024-05-03	67.75	66.66	-9.23	1565665	Balance	37	14
2024-04-26	68.01	66.54	-8.54	1710911	Balance	36	15
2024-04-19	67.11	66.43	-7.68	3292186	Balance	1	3
2024-04-12	63.78	66.34	-15.20	1688942	Balance	-19	9
2024-04-05	66.56	66.41	-13.30	1730438	Balance	30	17
2024-03-29	69.62	66.36	-10.57	1318302	Balance	47	26
2024-03-22	66.38	66.36	-14.90	1782333	Balance	1	4
2024-03-15	65.29	66.43	-14.92	2294800	Balance	-17	14
2024-03-08	67.28	66.52	-12.92	1524571	Rotation Down	-14	24
2024-03-01	65.73	66.52	-15.66	2651186	Rotation Down	-21	39
2024-02-23	64.87	66.59	-16.55	1470355	Deceleration	-22	32
2024-02-16	63.08	66.76	-18.09	1755776	Deceleration	-35	33
2024-02-09	65.39	66.94	-16.04	1305886	Deceleration	7	16
2024-02-02	66.37	67.22	-14.23	2662663	Deceleration	22	18
2024-01-26	68.95	67.34	-10.27	2869446	Rotation Up	12	11
2024-01-19	68.19	67.37	-10.85	1099093	Rotation Up	17	19
2024-01-12	68.96	67.34	-9.36	1401168	Rotation Up	31	31
2024-01-05	68.75	67.28	-8.47	1239620	Rotation Up	35	50
2023-12-29	71.26	67.23	-7.20	830506	Rotation Up	36	62
2023-12-22	71.08	67.05	-7.56	980485	Rotation Up	38	62
2023-12-15	71.04	66.76	-7.21	1949592	Rotation Up	41	55
2023-12-08	68.33	66.49	-9.03	1091772	Balance	27	33
2023-12-01	68.03	66.25	-9.65	1450010	Balance	13	23
2023-11-24	67.06	66.00	-10.62	664963	Downward Expansion	-15	19
2023-11-17	66.23	65.94	-11.28	1179779	Downward Expansion	-33	19
2023-11-10	64.92	65.87	-11.42	1183123	Downward Expansion	-57	40
2023-11-03	64.40	66.00	-11.32	1070413	Downward Expansion	-61	59
2023-10-27	60.91	66.10	-11.53	2272823	Downward Expansion	-75	74
2023-10-20	61.58	66.44	-13.05	2487212	Rotation Down	-74	70
2023-10-13	62.88	66.62	-13.62	1323842	Rotation Down	-32	50
2023-10-06	64.25	66.79	-11.60	1262564	Rotation Down	-23	44

Price vs TrendAbove+42.6%

Trend directionRising+29.1%

Price vs current Fair ValuePremium+14.3%

Fair Value directionClosing upward+43.8%

Relative Strength vs benchmarkLeading+47.5%

Relative strength directionImproving+44.6%

Price momentumPositive+106.4%

Volume balanceDemand-led1.97×

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

51 / ±100

-28.6 points since 2026-08-28

Energy

50 /100

-37.1 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.

MAN Directional State ↗ MAN Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance19

Rotation Up44

Upward Expansion71

Deceleration65

Rotation Down27

Downward Expansion21

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 24%Rotation Up 7%Upward Expansion 10%Deceleration 3%Rotation Down 3%Downward Expansion 54%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2026-06-19	2026-09-25	Established	+71.1%
Balance	2026-05-08	2026-06-12	Developing	+16.4%
Downward Expansion	2026-03-13	2026-05-01	Developing	+18.2%
Balance	2026-02-27	2026-03-06	New	+4.0%
Rotation Up	2026-01-30	2026-02-20	New	-21.1%
Downward Expansion	2025-04-11	2026-01-23	Extended	-37.5%
Balance	2025-03-28	2025-04-04	New	-11.0%
Downward Expansion	2024-10-25	2025-03-21	Established	-6.1%
Balance	2024-08-30	2024-10-18	Developing	-11.7%
Downward Expansion	2024-07-12	2024-08-23	Developing	+5.3%
Balance	2024-03-15	2024-07-05	Established	-3.7%
Rotation Down	2024-03-01	2024-03-08	New	+2.3%
Deceleration	2024-02-02	2024-02-23	New	-2.3%
Rotation Up	2023-12-15	2024-01-26	Developing	-2.9%

Classic Stage Analysis comparison

Stage 1 · Basing28

Stage 2 · Advancing100

Stage 3 · Distribution42

Stage 4 · Declining0

Legacy result: Stage 2 · Stage 2C · Late advance. 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: 96/100
Current Relative Strength: 47.50
Relative Strength direction: Improving
Price momentum: +106.4%
Excess performance vs benchmark: +84.5%
Industrials regime cohort: 16th percentile57 in cohort

Test MAN trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.68×

Latest completed volume relative to typical participation.

Up/down volume1.97×

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 2

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.

Explore MAN Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity USD 58.22falling

Slow Activity USD 47.17rising

Trend Reference USD 40.27+42.6% close margin

Current Fair Value USD 50.23+14.3% close margin

Structural low USD 24.65shock / 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 +10.4%

Annualized volatility +60.0%

From structural high -10.1%

From structural low +133.3%

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 SPY	Regime survived	Read
Near term	7	-0.6%-10.7% to +56.0%	+42.9%	+42.9%	-1.6%	+71.4%	Usable descriptive sample
Intermediate	3	-6.9%-16.9% to +71.8%	+33.3%	+33.3%	-10.6%	+33.3%	Too little matched history
Extended	2	-6.5%-6.7% to -6.3%	+0.0%	+0.0%	-12.8%	+0.0%	Too little matched history
Full cycle	2	-16.7%-31.9% to -1.5%	+0.0%	+0.0%	-27.8%	+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.

MAN 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