Weekly structural research ยท KLS ยท Real Estate

5084 Stage Analysis

Ibraco Berhad

Week ending 25 Sep 2026Close MYR 1.00Tenure DevelopingBenchmark ^KLSE
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Downward Expansion ยท Early contraction

The weekly architecture is expanding downward.

Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation.

  • The Trend gate is down within the current regime.
  • Fast Activity versus Slow Activity: weakening.
  • Activity structure: wide and expanding.
Direction -73โˆ’100 bearish to +100 bullish
Energy 72/100directional strength
Maturity 18/100lifecycle context
Confidence 88/100evidence agreement
Trend gate Downstructural direction
Activity structure Wideexpanding separation
Price acceptance -83.3%position within the Activity structure
Fair Value context -6.7%MYR 1.07 ยท weakening
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.
  • Rotation DownStructure is turning lower.
  • Downward ExpansionDowntrend is established.
View chart values ยท 156 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-09-251.001.09-13.8769700Downward Expansion-7372
2026-09-181.011.09-12.9766700Downward Expansion-7268
2026-09-111.041.10-11.802600Downward Expansion-6161
2026-09-041.021.11-14.8235500Downward Expansion-6970
2026-08-281.051.12-13.556800Downward Expansion-6164
2026-08-211.041.12-15.204500Downward Expansion-6453
2026-08-141.041.13-15.122300Balance-6449
2026-08-071.061.14-14.343400Balance-5635
2026-07-311.151.14-6.861300Balance-2015
2026-07-241.061.15-13.112100Balance-4429
2026-07-171.071.15-14.1636500Balance-4018
2026-07-101.111.16-9.235000Balance-1412
2026-07-031.161.17-4.880Balance-76
2026-06-261.121.17-7.577600Downward Expansion-3120
2026-06-191.161.18-7.1220000Downward Expansion-2415
2026-06-121.051.18-14.78900Downward Expansion-5827
2026-06-051.071.19-14.00300Downward Expansion-3824
2026-05-291.151.20-7.3976100Downward Expansion-2523
2026-05-221.181.21-6.8250600Downward Expansion-2421
2026-05-151.141.21-11.59300400Downward Expansion-4026
2026-05-081.111.22-14.3595800Downward Expansion-4837
2026-05-011.081.22-15.2864400Downward Expansion-6252
2026-04-241.021.23-19.84149700Downward Expansion-7076
2026-04-171.051.24-16.2499300Downward Expansion-6677
2026-04-101.031.24-17.62147900Downward Expansion-7786
2026-04-031.001.25-20.26128600Downward Expansion-9089
2026-03-271.131.25-10.94210500Downward Expansion-6877
2026-03-201.121.25-12.1062800Balance-7978
2026-03-131.131.26-10.2168400Balance-5040
2026-03-061.201.26-5.6958500Balance-3415
2026-02-271.231.26-3.1951200Deceleration-1610
2026-02-201.361.265.0017500Deceleration5225
2026-02-131.231.25-4.1133400Deceleration-2229
2026-02-061.231.25-3.71256000Deceleration-2126
2026-01-301.251.25-2.6564100Deceleration-1423
2026-01-231.231.25-3.06123800Balance-525
2026-01-161.261.24-0.3227100Balance617
2026-01-091.251.240.49245400Balance416
2026-01-021.261.242.3366800Balance917
2025-12-261.251.241.090Balance1817
2025-12-191.251.241.7723200Upward Expansion2616
2025-12-121.271.235.1736800Upward Expansion3721
2025-12-051.291.238.28219100Upward Expansion4229
2025-11-281.321.2111.73559200Upward Expansion5437
2025-11-211.341.2012.68218400Upward Expansion6043
2025-11-141.331.1811.62198200Upward Expansion6043
2025-11-071.301.179.87280800Upward Expansion5643
2025-10-311.321.1612.58352400Upward Expansion5966
2025-10-241.311.1511.8596100Upward Expansion6071
2025-10-171.301.1311.80949500Upward Expansion5867
2025-10-101.341.1214.59794400Upward Expansion7268
2025-10-031.401.1119.362278700Deceleration7745
2025-09-261.151.100.13347600Deceleration1516
2025-09-191.161.101.9094700Deceleration2820
2025-09-121.151.101.14205700Deceleration3119
2025-09-051.161.093.65191100Upward Expansion3925
2025-08-291.171.094.94215700Upward Expansion5234
2025-08-221.211.097.31213800Upward Expansion5858
2025-08-151.241.0911.69625700Upward Expansion6353
2025-08-081.191.098.80196800Upward Expansion5336
2025-08-011.311.0921.812325700Rotation Up7747
2025-07-251.161.088.24115800Rotation Up4227
2025-07-181.111.084.2323900Rotation Up1923
2025-07-111.191.0911.17118600Rotation Up3637
2025-07-041.161.097.69192400Rotation Up3438
2025-06-271.191.0912.23377700Rotation Up3759
2025-06-201.201.0915.421885100Rotation Up3465
2025-06-131.181.0912.73483400Rotation Up3062
2025-06-061.201.0914.90713500Rotation Up3746
2025-05-301.161.0912.24843900Downward Expansion3136
2025-05-231.181.0812.531765300Downward Expansion-115
2025-05-161.061.08-0.721456300Downward Expansion-3730
2025-05-090.89481.08-14.94359000Downward Expansion-6764
2025-05-020.91941.09-12.6456400Downward Expansion-6568
2025-04-250.88011.09-14.68511000Downward Expansion-7775
2025-04-180.90961.10-11.44320800Downward Expansion-7572
2025-04-110.91451.10-8.36208600Downward Expansion-7973
2025-04-040.97841.11-5.0728300Downward Expansion-6971
2025-03-280.97351.11-5.94116300Downward Expansion-7476
2025-03-211.001.12-2.36318900Rotation Down-7176
2025-03-140.99321.12-3.44248800Rotation Down-4965
2025-03-071.041.12-0.59139400Rotation Down-3456
2025-02-281.031.13-2.86300200Deceleration-3847
2025-02-211.101.132.86314200Deceleration-2120
2025-02-141.111.134.15284700Deceleration-111
2025-02-071.161.139.13188300Deceleration2120
2025-01-311.131.139.2275800Deceleration1620
2025-01-241.151.1310.48242300Deceleration2920
2025-01-171.111.137.63493000Upward Expansion2314
2025-01-101.181.1312.19340400Upward Expansion5537
2025-01-031.221.1314.31409800Upward Expansion6351
2024-12-271.211.1213.82209100Upward Expansion6265
2024-12-201.201.1116.26386600Upward Expansion6473
2024-12-131.221.1117.68518300Upward Expansion7175
2024-12-061.231.1019.111291100Upward Expansion7874
2024-11-291.221.1020.441596400Deceleration8169
2024-11-221.131.0912.81741400Deceleration5944
2024-11-151.121.0911.941341600Deceleration5336
2024-11-081.121.0910.02882900Deceleration4426
2024-11-011.091.089.30559900Deceleration2914
2024-10-251.101.0710.33662300Deceleration3015
2024-10-181.101.069.58325100Deceleration2411
2024-10-111.051.066.62161100Deceleration19
2024-10-041.091.0511.79163900Deceleration812
2024-09-271.051.046.90370100Deceleration312
2024-09-201.061.038.1999600Deceleration712
2024-09-131.061.0310.20234000Deceleration2116
2024-09-061.101.0215.15165800Deceleration3216
2024-08-301.071.0111.44393800Upward Expansion3620
2024-08-231.101.0018.49686600Upward Expansion5233
2024-08-161.120.996622.63463200Upward Expansion5741
2024-08-091.130.987727.183313600Upward Expansion5945
2024-08-021.150.98229.671384200Upward Expansion6651
2024-07-261.150.975630.962379200Upward Expansion7049
2024-07-191.100.962625.18463000Upward Expansion6040
2024-07-121.100.951327.831090800Upward Expansion5940
2024-07-051.090.940428.78583400Upward Expansion5945
2024-06-281.070.929128.511418700Upward Expansion5642
2024-06-211.090.921433.381361800Upward Expansion6145
2024-06-141.150.915540.504805400Upward Expansion7751
2024-06-071.030.910426.27759900Upward Expansion5844
2024-05-311.030.895629.192108000Upward Expansion6354
2024-05-241.050.879531.071410500Upward Expansion6776
2024-05-171.070.861835.092971700Upward Expansion6983
2024-05-101.090.843541.7011045600Upward Expansion8289
2024-05-031.050.824438.203069000Upward Expansion7986
2024-04-261.050.80741.093704700Upward Expansion8685
2024-04-191.020.790441.344785300Upward Expansion8477
2024-04-120.91310.77528.01353700Upward Expansion6449
2024-04-050.89410.76326.15874700Deceleration5731
2024-03-290.87030.75225.39345100Deceleration2814
2024-03-220.8560.741623.85861200Deceleration2413
2024-03-150.8180.731818.44259400Deceleration3216
2024-03-080.82280.72320.93386700Deceleration3724
2024-03-010.84650.713525.45766000Deceleration3927
2024-02-230.86080.704527.561819400Upward Expansion4028
2024-02-160.90840.693537.15490000Upward Expansion5133
2024-02-090.84180.681730.22313000Upward Expansion4929
2024-02-020.84180.671331.00444700Upward Expansion5338
2024-01-260.88460.660339.89701800Upward Expansion5747
2024-01-190.8560.64838.693182500Upward Expansion5745
2024-01-120.96070.636857.1811498000Deceleration7051
2024-01-050.96070.621759.3510803500Deceleration7447
2023-12-290.76090.607230.961372900Deceleration4231
2023-12-220.76570.599332.841714500Upward Expansion5743
2023-12-150.77520.591535.046780500Upward Expansion6357
2023-12-080.75620.583334.943330300Upward Expansion6685
2023-12-010.83230.575848.514856000Upward Expansion6587
2023-11-240.91790.565966.1214191600Upward Expansion8995
2023-11-170.99870.553183.1737446300Upward Expansion8990
2023-11-100.58180.53769.85331500Rotation Down4620
2023-11-030.54420.53612.8517500Rotation Down-1125
2023-10-270.51610.5358-1.7118500Balance-2030
2023-10-200.51610.5362-1.5258800Balance-2022
2023-10-130.52080.5367-0.72204600Balance-1616
2023-10-060.52550.5372.16125900Upward Expansion1812
Price vs TrendBelow-7.9%
Trend directionFalling-6.0%
Price vs current Fair ValueBelow anchor-6.7%
Fair Value directionMoving away-15.7%
Relative Strength vs benchmarkLagging-13.9%
Relative strength directionWeakening-6.3%
Price momentumNegative-11.5%
Volume balanceSupply-led0.05ร—
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

-73 / ยฑ100

-12.9 points since 2026-08-28

Energy

72 /100

+8.3 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.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance6
Rotation Up13
Upward Expansion15
Deceleration38
Rotation Down73
Downward Expansion91

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

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

Balance 12%Rotation Up 6%Upward Expansion 37%Deceleration 24%Rotation Down 3%Downward Expansion 19%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Downward Expansion2026-08-212026-09-25Developing-3.8%
Balance2026-07-032026-08-14Developing-10.3%
Downward Expansion2026-03-272026-06-26Established-0.8%
Balance2026-03-062026-03-20New-6.7%
Deceleration2026-01-302026-02-27Developing-1.6%
Balance2025-12-262026-01-23Developing-1.6%
Upward Expansion2025-10-102025-12-19Developing-6.7%
Deceleration2025-09-122025-10-03New+21.7%
Upward Expansion2025-08-082025-09-05Developing-2.5%
Rotation Up2025-06-062025-08-01Developing+9.2%
Downward Expansion2025-03-282025-05-30Developing+19.2%
Rotation Down2025-03-072025-03-21New-3.8%
Deceleration2025-01-242025-02-28Developing-10.3%
Upward Expansion2024-12-062025-01-17Developing-9.6%
Classic Stage Analysis comparison
Stage 1 ยท Basing44
Stage 2 ยท Advancing0
Stage 3 ยท Distribution32
Stage 4 ยท Declining100

Legacy result: Stage 4 ยท Stage 4B ยท Declining. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^KLSE

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

Lagging benchmark

Architecture confirmation
98/100
Current Relative Strength
-13.87
Relative Strength direction
Weakening
Price momentum
-11.5%
Excess performance vs benchmark
-9.1%
Real Estate regime cohort
81th percentile48 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume2.01ร—

Latest completed volume relative to typical participation.

Up/down volume0.05ร—

Participation balance between advancing and declining observations.

Accumulation / distribution0 / 4

Recent participation evidence classified by demand and supply.

Activity alignment+0.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+0.0%

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.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity MYR 1.02falling
Slow Activity MYR 1.07falling
Trend Reference MYR 1.09-7.9% close margin
Current Fair Value MYR 1.07-6.7% close margin
Structural low MYR 0.99shock / repair context
What changes the read?

Fan contraction and a persistent upward fast/slow rotation are required before the declining structure is considered repaired.

Range context +4.2%
Annualized volatility +34.5%
From structural high -28.6%
From structural low +1.0%
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 ^KLSE Regime survived Read
Near term15+0.0%-9.7% to +34.1%+46.7%+46.7%-0.1%+73.3%Usable descriptive sample
Intermediate6+3.5%-14.8% to +26.1%+50.0%+50.0%+7.3%+50.0%Usable descriptive sample
Extended4+10.6%-11.5% to +18.1%+75.0%+25.0%+11.1%+25.0%Too little matched history
Full cycle3+15.0%+9.6% to +16.1%+100.0%+0.0%+15.2%+66.7%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