Weekly structural research ยท ASX ยท Basic Materials

DAL Stage Analysis

Dalaroo Metals Ltd

Week ending 9 Oct 2026Close AUD 0.115Tenure NewBenchmark ^AXJO
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Upward Expansion ยท 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: moderate and expanding.
  • A price shock beyond the complete Activity structure bypassed the ordinary persistence gate.
Direction 86โˆ’100 bearish to +100 bullish
Energy 71/100directional strength
Maturity 22/100lifecycle context
Confidence 80/100evidence agreement
Trend gate Upstructural direction
Activity structure Moderateexpanding separation
Price acceptance +50.0%position within the Activity structure
Fair Value context +201.0%AUD 0.0382 ยท improving
Trend Architecture map ยท 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.
  • Downward ExpansionDowntrend is established.
View chart values ยท 156 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-10-090.1150.070284.2040045871Upward Expansion8671
2026-10-020.0750.068322.971449860Balance5525
2026-09-250.0720.067819.481272158Balance3717
2026-09-180.0680.067712.87866615Upward Expansion116
2026-09-110.0720.067220.19773420Upward Expansion5033
2026-09-040.0740.067120.8234472Deceleration6040
2026-08-280.070.066514.1037152Deceleration3523
2026-08-210.0730.066320.59170823Deceleration4632
2026-08-140.0720.066519.44105890Deceleration3519
2026-08-070.070.066615.4180755Deceleration2918
2026-07-310.070.065820.770Upward Expansion3216
2026-07-240.0660.064918.0943181Upward Expansion3119
2026-07-170.0720.064130.06429178Upward Expansion5547
2026-07-100.0730.063233.76120313Upward Expansion5649
2026-07-030.0740.062437.10380639Upward Expansion5946
2026-06-260.0740.061740.46619539Deceleration5832
2026-06-190.0740.060641.50388466Deceleration4622
2026-06-120.070.059536.11768658Deceleration3619
2026-06-050.0630.058526.65817634Upward Expansion3618
2026-05-290.0660.057632.68150000Upward Expansion5233
2026-05-220.0680.056939.881941490Upward Expansion5962
2026-05-150.0730.056452.991337473Upward Expansion6269
2026-05-080.0750.055957.813385678Upward Expansion6269
2026-05-010.0850.055282.174861811Deceleration7770
2026-04-240.0660.053844.012475588Deceleration4233
2026-04-170.0690.053250.496504563Deceleration4216
2026-04-100.0580.052528.86978484Deceleration1113
2026-04-030.0480.052213.34936302Deceleration-1517
2026-03-270.050.052220.521287754Deceleration1614
2026-03-200.0520.051828.421801052Deceleration2613
2026-03-130.0570.051439.731728342Deceleration3618
2026-03-060.0590.050943.311232668Deceleration3924
2026-02-270.0690.049764.261840487Deceleration5229
2026-02-200.0550.048435.502497382Upward Expansion5129
2026-02-130.0670.047670.696491114Upward Expansion6360
2026-02-060.0580.046354.567114946Upward Expansion6073
2026-01-300.0630.045368.269658506Upward Expansion5973
2026-01-230.080.0442118.6367891527Upward Expansion8381
2026-01-160.0740.0427107.9043823909Upward Expansion8065
2026-01-090.0460.041436.021451745Balance1911
2026-01-020.0430.04128.8358114Balance2410
2025-12-260.0420.040627.09145775Balance2719
2025-12-190.0450.040140.18588138Balance3323
2025-12-120.0480.039650.44297198Balance3420
2025-12-050.0540.03973.532835499Balance3414
2025-11-280.0420.038238.14700Balance717
2025-11-210.0390.037733.11424894Upward Expansion1520
2025-11-140.0410.037137.84575192Upward Expansion2719
2025-11-070.0350.036417.141806927Upward Expansion2416
2025-10-310.0470.035755.97715013Upward Expansion5641
2025-10-240.0510.034768.791057949Upward Expansion6046
2025-10-170.0580.033695.118184593Upward Expansion7554
2025-10-100.0540.032486.396607012Upward Expansion7554
2025-10-030.0450.031257.732903129Upward Expansion6351
2025-09-260.0480.030373.996785536Upward Expansion6873
2025-09-190.0470.029372.941557536Upward Expansion7079
2025-09-120.0490.028580.766903366Upward Expansion7784
2025-09-050.0480.027678.585986444Upward Expansion8284
2025-08-290.0390.026645.561463282Upward Expansion6464
2025-08-220.040.02650.374507211Deceleration6954
2025-08-150.040.025252.8010299652Deceleration6936
2025-08-080.0250.0245-2.13511092Deceleration1515
2025-08-010.0290.024315.241282510Deceleration3119
2025-07-250.030.02419.41444853Deceleration3420
2025-07-180.0280.023610.521687817Upward Expansion3922
2025-07-110.0290.023316.78677444Upward Expansion5436
2025-07-040.0310.022924.18437992Upward Expansion5947
2025-06-270.0330.022634.50802826Upward Expansion6152
2025-06-200.0350.022144.052097253Upward Expansion7256
2025-06-130.0350.021744.3510393232Upward Expansion7756
2025-06-060.0310.021329.541193526Upward Expansion7172
2025-05-300.0280.021218.81760992Upward Expansion6581
2025-05-230.0280.021119.92487082Upward Expansion6683
2025-05-160.030.021128.741645875Rotation Up7785
2025-05-090.0320.020839.582628862Rotation Up5862
2025-05-020.0250.02069.36905749Balance3023
2025-04-250.0220.0206-0.311181807Downward Expansion-1612
2025-04-180.0190.0208-12.432056901Downward Expansion-5239
2025-04-110.0150.021-29.281007339Downward Expansion-7662
2025-04-040.0170.0216-20.13100000Downward Expansion-6446
2025-03-280.0190.0219-14.1520085Downward Expansion-3929
2025-03-210.020.0222-8.8350000Downward Expansion-3828
2025-03-140.0180.0222-16.180Downward Expansion-5934
2025-03-070.0180.0224-18.03383198Downward Expansion-4524
2025-02-280.020.0226-11.361098688Downward Expansion-2920
2025-02-210.0210.0227-8.321444857Downward Expansion-3122
2025-02-140.0230.0228-2.691504891Downward Expansion-2218
2025-02-070.0180.0229-23.4115000Downward Expansion-7256
2025-01-310.020.0233-15.55284102Downward Expansion-5147
2025-01-240.0180.0233-23.090Downward Expansion-7067
2025-01-170.0180.0234-22.52329631Downward Expansion-7158
2025-01-100.020.0236-14.292372570Downward Expansion-6366
2025-01-030.0180.0236-22.9435000Downward Expansion-7384
2024-12-270.0190.0238-19.26117389Downward Expansion-6681
2024-12-200.0190.024-17.64735542Downward Expansion-7285
2024-12-130.0180.0242-24.4945231Downward Expansion-8084
2024-12-060.020.0244-17.7769063Balance-7069
2024-11-290.020.0246-18.52366384Balance-3342
2024-11-220.0230.0247-7.40118908Balance-1713
2024-11-150.0230.0247-7.1145706Balance33
2024-11-080.0270.02457.70933628Balance3414
2024-11-010.0250.02410.66550690Balance2215
2024-10-250.0270.02386.67758764Balance3220
2024-10-180.0230.0235-10.541068758Balance1114
2024-10-110.0240.0232-7.59955036Upward Expansion2915
2024-10-040.0260.0231-1.76858734Upward Expansion5553
2024-09-270.0270.0228-1.260Upward Expansion5662
2024-09-200.0270.0225-3.5153444Upward Expansion5661
2024-09-130.0330.022316.662466640Balance7759
2024-09-060.0250.0219-12.47165072Balance3718
2024-08-300.0270.0218-8.30651414Balance4720
2024-08-230.020.0216-32.61504653Balance911
2024-08-160.0240.0216-20.47216874Upward Expansion3720
2024-08-090.0240.0216-20.280Upward Expansion4844
2024-08-020.0240.0216-23.561110232Upward Expansion5155
2024-07-260.0250.0216-22.07175470Upward Expansion5151
2024-07-190.0260.0215-20.91987603Balance5240
2024-07-120.030.0214-10.66925321Balance6028
2024-07-050.020.0211-40.9372736Balance07
2024-06-280.020.0213-42.362569019Balance-49
2024-06-210.0240.0218-33.534418723Balance118
2024-06-140.0210.022-43.01405630Rotation Up1011
2024-06-070.0220.0223-43.011142558Rotation Up1825
2024-05-310.0250.0228-35.68669726Rotation Up2340
2024-05-240.0260.023-34.6880144Rotation Up2837
2024-05-170.0250.0231-39.10596020Balance2430
2024-05-100.0260.0236-37.162522495Balance819
2024-05-030.0210.0245-49.221637395Downward Expansion-2918
2024-04-260.0230.0255-44.941102306Downward Expansion-2920
2024-04-190.0180.0265-57.7325881753Downward Expansion-5946
2024-04-120.0160.0277-64.3010000Downward Expansion-7169
2024-04-050.0160.029-64.9430543Downward Expansion-7569
2024-03-290.0160.0302-66.1758846Downward Expansion-8085
2024-03-220.0160.0312-66.30232290Downward Expansion-8593
2024-03-150.020.0323-58.19405561Downward Expansion-6686
2024-03-080.0170.0334-65.891427752Downward Expansion-8694
2024-03-010.0190.0347-62.24453180Downward Expansion-7486
2024-02-230.020.036-60.6325000Downward Expansion-6553
2024-02-160.020.0371-61.63140000Downward Expansion-6755
2024-02-090.0220.0384-58.8490Downward Expansion-6152
2024-02-020.0210.04-61.94767059Downward Expansion-6654
2024-01-260.0210.0416-62.17365327Downward Expansion-6958
2024-01-190.0230.0435-58.741933Downward Expansion-6456
2024-01-120.0250.0452-56.62854353Downward Expansion-6355
2024-01-050.0230.0468-60.911150016Downward Expansion-6571
2023-12-290.0220.0484-64.0220000Downward Expansion-7279
2023-12-220.0230.0497-62.94476838Downward Expansion-7366
2023-12-150.0220.051-65.161955106Downward Expansion-7965
2023-12-080.0250.0521-60.177892798Downward Expansion-7862
2023-12-010.0350.0531-44.7144227045Downward Expansion-6458
2023-11-240.030.0538-53.54110755Downward Expansion-7590
2023-11-170.0320.055-51.67916923Downward Expansion-7290
2023-11-100.0360.0561-46.33490000Downward Expansion-6888
2023-11-030.030.0569-56.4810000Downward Expansion-9095
2023-10-270.030.0579-56.62786527Downward Expansion-9391
2023-10-200.040.0589-44.191076195Downward Expansion-8372
Price vs TrendAbove+63.7%
Trend directionRising+6.7%
Price vs current Fair ValuePremium+201.0%
Fair Value directionClosing upward+100.6%
Relative Strength vs benchmarkLeading+84.2%
Relative strength directionImproving+50.4%
Price momentumPositive+98.3%
Volume balanceDemand-led20.04ร—
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

86 / ยฑ100

+37.0 points since 2026-09-11

Energy

71 /100

+38.6 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.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance37
Rotation Up75
Upward Expansion87
Deceleration46
Rotation Down12
Downward Expansion16

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 todayโ€™s regime

2023-10-20 to 2026-10-09 ยท 156 classified observations out of 156 shown.

Balance 19%Rotation Up 4%Upward Expansion 31%Deceleration 15%Downward Expansion 31%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Upward Expansion2026-10-092026-10-09New+0.0%
Balance2026-09-252026-10-02New+4.2%
Upward Expansion2026-09-112026-09-18New-5.6%
Deceleration2026-08-072026-09-04Developing+5.7%
Upward Expansion2026-07-032026-07-31Developing-5.4%
Deceleration2026-06-122026-06-26New+5.7%
Upward Expansion2026-05-082026-06-05Developing-16.0%
Deceleration2026-02-272026-05-01Developing+23.2%
Upward Expansion2026-01-162026-02-20Developing-25.7%
Balance2025-11-282026-01-09Developing+9.5%
Upward Expansion2025-08-292025-11-21Established+0.0%
Deceleration2025-07-252025-08-22Developing+33.3%
Upward Expansion2025-05-232025-07-18Developing+0.0%
Rotation Up2025-05-092025-05-16New-6.2%
Classic Stage Analysis comparison
Stage 1 ยท Basing31
Stage 2 ยท Advancing100
Stage 3 ยท Distribution41
Stage 4 ยท Declining0

Legacy result: Stage 2 ยท Stage 2C ยท Late advance. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^AXJO

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
100/100
Current Relative Strength
84.20
Relative Strength direction
Improving
Price momentum
+98.3%
Excess performance vs benchmark
+101.0%
Basic Materials regime cohort
72th percentile94 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume16.50ร—

Latest completed volume relative to typical participation.

Up/down volume20.04ร—

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 0

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+87.5%

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.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity AUD 0.0866rising
Slow Activity AUD 0.0738rising
Trend Reference AUD 0.0702+63.7% close margin
Current Fair Value AUD 0.0382+201.0% close margin
Structural low AUD 0.054shock / 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 +10.9%
Annualized volatility +80.7%
From structural high -32.4%
From structural low +228.6%
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 movePositive periodsDirectional follow-through Median excess vs ^AXJO Regime survived Read
Near term16-2.7%-23.5% to +59.7%+43.8%+43.8%-4.1%+62.5%Usable descriptive sample
Intermediate5+7.7%-6.8% to +42.9%+60.0%+60.0%+4.3%+0.0%Usable descriptive sample
Extended3+39.3%-28.0% to +74.4%+66.7%+66.7%+38.6%+66.7%Too little matched history
Full cycle2+49.7%+20.0% to +79.5%+100.0%+100.0%+44.4%+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.

Evidence context