Weekly structural research · AMS · Technology

AMUND Stage Analysis

Almunda Professionals N.V.

Week ending 9 Oct 2026Close EUR 0.93Tenure NewBenchmark ^AEX

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Downward Expansion · 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 contracting.

Direction -75−100 bearish to +100 bullish

Energy 45/100directional strength

Maturity 25/100lifecycle context

Confidence 85/100evidence agreement

Trend gate Downstructural direction

Activity structure Widecontracting separation

Price acceptance -50.0%position within the Activity structure

Fair Value context -15.8%EUR 1.10 · 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	0.93	1.06	-20.40	8939	Downward Expansion	-75	45
2026-10-02	1.01	1.06	-13.08	452	Downward Expansion	-58	34
2026-09-25	1.05	1.06	-9.73	8138	Downward Expansion	-52	31
2026-09-18	1.00	1.06	-13.21	879	Rotation Down	-63	72
2026-09-11	1.02	1.07	-12.34	30	Rotation Down	-32	57
2026-09-04	1.03	1.07	-13.24	0	Rotation Down	-30	53
2026-08-28	0.96	1.07	-19.61	0	Rotation Down	-44	61
2026-08-21	0.98	1.07	-18.00	0	Rotation Down	-31	18
2026-08-14	1.10	1.07	-9.40	6	Upward Expansion	53	57
2026-08-07	1.12	1.07	-7.62	52	Deceleration	56	54
2026-07-31	1.13	1.07	-6.13	0	Deceleration	52	24
2026-07-24	1.14	1.07	-4.94	4	Deceleration	49	37
2026-07-17	1.05	1.06	-12.92	204	Upward Expansion	13	14
2026-07-10	1.04	1.06	-13.57	7	Upward Expansion	25	32
2026-07-03	1.03	1.06	-14.74	19	Upward Expansion	39	49
2026-06-26	1.19	1.06	0.04	0	Upward Expansion	75	72
2026-06-19	1.19	1.06	-1.79	318	Balance	73	58
2026-06-12	1.07	1.05	-11.97	0	Balance	43	18
2026-06-05	1.07	1.05	-8.96	0	Balance	42	18
2026-05-29	1.07	1.05	-8.77	1325	Balance	42	16
2026-05-22	1.05	1.05	-11.60	183	Balance	38	15
2026-05-15	1.06	1.05	-8.07	0	Balance	40	22
2026-05-08	1.06	1.05	-8.94	0	Balance	42	20
2026-05-01	1.06	1.06	-8.94	0	Balance	12	10
2026-04-24	1.06	1.06	-9.76	3169	Balance	15	9
2026-04-17	1.10	1.06	-7.25	4392	Balance	-13	8
2026-04-10	1.00	1.07	-14.79	722	Balance	-49	24
2026-04-03	1.10	1.07	-3.14	299	Balance	-12	5
2026-03-27	0.97	1.07	-13.20	765	Balance	-60	27
2026-03-20	1.08	1.08	-3.71	405	Balance	-7	9
2026-03-13	1.08	1.08	-7.63	476	Balance	-9	7
2026-03-06	1.06	1.08	-7.55	398	Balance	-19	11
2026-02-27	1.05	1.08	-12.69	0	Downward Expansion	-23	10
2026-02-20	1.05	1.08	-12.06	380	Downward Expansion	-23	12
2026-02-13	1.09	1.09	-6.71	317	Downward Expansion	-23	14
2026-02-06	1.03	1.09	-12.06	1369	Downward Expansion	-39	18
2026-01-30	1.03	1.09	-12.75	810	Downward Expansion	-38	17
2026-01-23	1.03	1.10	-12.89	9764	Downward Expansion	-37	18
2026-01-16	1.12	1.10	-6.55	1441	Downward Expansion	-19	11
2026-01-09	1.03	1.10	-12.29	9005	Downward Expansion	-52	33
2026-01-02	1.04	1.10	-9.87	1181	Downward Expansion	-55	41
2025-12-26	1.03	1.11	-8.51	1035	Downward Expansion	-57	49
2025-12-19	1.00	1.11	-11.65	1030	Downward Expansion	-66	51
2025-12-12	1.04	1.12	-7.92	219	Downward Expansion	-57	40
2025-12-05	1.04	1.12	-8.89	49	Downward Expansion	-57	34
2025-11-28	1.05	1.12	-7.86	1560	Downward Expansion	-55	30
2025-11-21	1.07	1.12	-4.64	92	Downward Expansion	-50	29
2025-11-14	1.08	1.13	-6.49	1194	Downward Expansion	-50	46
2025-11-07	1.08	1.12	-6.67	745	Rotation Down	-52	50
2025-10-31	1.08	1.12	-8.88	8129	Rotation Down	-24	33
2025-10-24	1.02	1.11	-14.80	20900	Balance	-40	33
2025-10-17	1.06	1.11	-9.60	14056	Balance	7	9
2025-10-10	1.14	1.11	-1.34	1373	Upward Expansion	49	27
2025-10-03	1.14	1.11	-3.49	7876	Upward Expansion	53	48
2025-09-26	1.19	1.11	3.20	8816	Upward Expansion	60	53
2025-09-19	1.18	1.11	3.33	2083	Deceleration	56	42
2025-09-12	1.18	1.10	5.81	10308	Deceleration	44	27
2025-09-05	1.18	1.10	7.16	4680	Deceleration	30	15
2025-08-29	1.10	1.09	0.25	2011	Deceleration	-14	21
2025-08-22	1.07	1.10	-4.24	1390	Deceleration	-5	15
2025-08-15	1.10	1.10	0.13	586	Deceleration	8	10
2025-08-08	1.10	1.10	0.51	3709	Deceleration	23	14
2025-08-01	1.14	1.10	4.77	159	Deceleration	34	19
2025-07-25	1.14	1.10	2.32	1450	Deceleration	37	21
2025-07-18	1.14	1.09	1.53	1128	Upward Expansion	38	23
2025-07-11	1.15	1.09	1.32	1247	Upward Expansion	50	29
2025-07-04	1.15	1.09	2.72	757	Upward Expansion	52	32
2025-06-27	1.15	1.09	1.33	1669	Upward Expansion	55	36
2025-06-20	1.17	1.09	4.27	4826	Rotation Up	63	49
2025-06-13	1.14	1.09	0.06	3982	Rotation Up	31	38
2025-06-06	1.17	1.09	1.90	117	Rotation Up	41	54
2025-05-30	1.17	1.09	2.72	4671	Rotation Up	35	50
2025-05-23	1.12	1.09	-1.11	2890	Rotation Up	22	31
2025-05-16	1.12	1.09	-2.60	170	Downward Expansion	21	29
2025-05-09	1.13	1.08	0.85	783	Downward Expansion	-4	19
2025-05-02	1.08	1.08	-2.57	142	Downward Expansion	-29	16
2025-04-25	1.08	1.08	-0.00	4283	Downward Expansion	-47	37
2025-04-18	1.05	1.09	-0.41	14655	Downward Expansion	-59	64
2025-04-11	0.9017	1.09	-11.43	8239	Downward Expansion	-86	83
2025-04-04	0.9492	1.09	-9.53	24648	Downward Expansion	-79	61
2025-03-28	1.03	1.10	-8.92	1308	Downward Expansion	-62	39
2025-03-21	1.07	1.10	-6.66	216	Downward Expansion	-51	34
2025-03-14	1.08	1.10	-5.19	14	Downward Expansion	-53	40
2025-03-07	1.05	1.11	-8.48	560	Downward Expansion	-57	48
2025-02-28	1.05	1.11	-9.76	5061	Downward Expansion	-57	48
2025-02-21	1.08	1.12	-9.17	455	Downward Expansion	-47	35
2025-02-14	1.09	1.12	-9.46	8997	Balance	-41	25
2025-02-07	1.04	1.12	-11.56	1258	Balance	-60	27
2025-01-31	1.13	1.13	-4.45	209	Balance	-17	12
2025-01-24	1.12	1.13	-3.43	4704	Balance	-26	12
2025-01-17	1.11	1.13	-5.86	379	Downward Expansion	-44	23
2025-01-10	1.12	1.14	-2.92	582	Downward Expansion	-46	35
2025-01-03	1.10	1.14	-4.30	15	Downward Expansion	-53	50
2024-12-27	1.07	1.14	-6.54	2045	Downward Expansion	-65	51
2024-12-20	1.10	1.14	-4.02	163	Balance	-41	28
2024-12-13	1.11	1.14	-5.42	6051	Balance	-35	17
2024-12-06	1.13	1.14	-3.88	1739	Balance	-17	11
2024-11-29	1.11	1.15	-4.69	2678	Downward Expansion	-31	16
2024-11-22	1.13	1.15	-3.06	918	Downward Expansion	-26	15
2024-11-15	1.15	1.15	0.33	608	Downward Expansion	-24	15
2024-11-08	1.13	1.15	-2.82	1812	Downward Expansion	-37	19
2024-11-01	1.11	1.15	-5.73	1105	Downward Expansion	-40	24
2024-10-25	1.12	1.15	-6.76	3866	Downward Expansion	-43	27
2024-10-18	1.09	1.16	-9.89	2818	Downward Expansion	-59	35
2024-10-11	1.10	1.16	-10.68	2180	Downward Expansion	-57	36
2024-10-04	1.10	1.16	-10.56	1265	Downward Expansion	-58	49
2024-09-27	1.12	1.16	-9.87	3032	Downward Expansion	-58	62
2024-09-20	1.09	1.16	-10.64	6279	Downward Expansion	-64	67
2024-09-13	1.09	1.17	-11.26	15752	Downward Expansion	-65	61
2024-09-06	1.08	1.17	-10.33	17174	Balance	-68	52
2024-08-30	1.14	1.17	-10.25	43172	Balance	-16	12
2024-08-23	1.18	1.17	-6.68	0	Balance	26	12
2024-08-16	1.18	1.17	-6.85	547	Balance	27	14
2024-08-09	1.18	1.17	-4.94	0	Balance	27	18
2024-08-02	1.18	1.17	-4.79	9001	Upward Expansion	31	15
2024-07-26	1.18	1.17	-8.01	1577	Upward Expansion	46	26
2024-07-19	1.15	1.17	-10.54	2618	Upward Expansion	39	40
2024-07-12	1.21	1.17	-9.45	3006	Upward Expansion	55	55
2024-07-05	1.23	1.17	-7.25	120	Balance	63	49
2024-06-28	1.23	1.17	-6.47	4540	Balance	61	34
2024-06-21	1.18	1.16	-11.25	2963	Balance	-10	13
2024-06-14	1.13	1.16	-14.48	1376	Balance	-27	30
2024-06-07	1.13	1.16	-15.37	558	Balance	-17	18
2024-05-31	1.17	1.16	-11.18	2565	Balance	16	9
2024-05-24	1.15	1.15	-13.89	402	Balance	9	4
2024-05-17	1.16	1.15	-13.25	2647	Balance	24	10
2024-05-10	1.17	1.15	-12.76	85	Balance	27	16
2024-05-03	1.19	1.14	-9.45	850	Upward Expansion	34	17
2024-04-26	1.17	1.14	-10.53	3518	Upward Expansion	30	13
2024-04-19	1.10	1.14	-13.39	2249	Upward Expansion	16	10
2024-04-12	1.20	1.14	-9.00	3104	Upward Expansion	52	49
2024-04-05	1.20	1.13	-8.25	473	Upward Expansion	56	48
2024-03-29	1.20	1.13	-8.45	3914	Balance	52	35
2024-03-22	1.21	1.13	-7.53	5635	Balance	56	26
2024-03-15	1.15	1.13	-9.96	800	Balance	26	15
2024-03-08	1.14	1.14	-11.88	211	Balance	29	15
2024-03-01	1.17	1.14	-9.11	2463	Balance	34	16
2024-02-23	1.11	1.14	-13.54	503	Rotation Up	-0	4
2024-02-16	1.17	1.14	-9.82	128	Rotation Up	24	18
2024-02-09	1.17	1.14	-9.22	688	Rotation Up	25	21
2024-02-02	1.20	1.14	-3.17	568	Rotation Up	37	28
2024-01-26	1.17	1.14	-5.50	2353	Rotation Up	17	17
2024-01-19	1.17	1.14	-0.84	4663	Rotation Up	21	30
2024-01-12	1.18	1.15	-0.39	6587	Rotation Up	26	33
2024-01-05	1.13	1.15	-3.76	2902	Rotation Up	19	27
2023-12-29	1.20	1.15	0.52	1321	Downward Expansion	37	36
2023-12-22	1.14	1.15	-4.00	2547	Downward Expansion	-1	15
2023-12-15	1.14	1.15	-5.09	3001	Downward Expansion	-14	18
2023-12-08	1.14	1.15	-3.85	1661	Downward Expansion	-22	19
2023-12-01	1.09	1.16	-7.22	2	Downward Expansion	-36	23
2023-11-24	1.10	1.16	-5.83	909	Downward Expansion	-40	25
2023-11-17	1.10	1.16	-4.32	176	Downward Expansion	-47	36
2023-11-10	1.10	1.16	-2.89	132	Downward Expansion	-62	50
2023-11-03	1.05	1.16	-6.51	724	Downward Expansion	-66	82
2023-10-27	1.05	1.16	-3.92	0	Downward Expansion	-70	85
2023-10-20	1.05	1.17	-4.44	146	Downward Expansion	-74	83

Price vs TrendBelow-12.1%

Trend directionFalling-1.2%

Price vs current Fair ValueBelow anchor-15.8%

Fair Value directionMoving away-9.1%

Relative Strength vs benchmarkLagging-20.4%

Relative strength directionWeakening-6.8%

Price momentumNegative-7.0%

Volume balanceSupply-led0.81×

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

-75 / ±100

-42.8 points since 2026-09-11

Energy

45 /100

-11.7 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.

AMUND Directional State ↗ AMUND Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance22

Rotation Up16

Upward Expansion5

Deceleration56

Rotation Down58

Downward Expansion76

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 28%Rotation Up 8%Upward Expansion 14%Deceleration 8%Rotation Down 5%Downward Expansion 38%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-09-25	2026-10-09	New	-11.4%
Rotation Down	2026-08-21	2026-09-18	Developing	+2.0%
Upward Expansion	2026-08-14	2026-08-14	New	+0.0%
Deceleration	2026-07-24	2026-08-07	New	-1.8%
Upward Expansion	2026-06-26	2026-07-17	New	-11.8%
Balance	2026-03-06	2026-06-19	Established	+12.3%
Downward Expansion	2025-11-14	2026-02-27	Established	-2.8%
Rotation Down	2025-10-31	2025-11-07	New	+0.0%
Balance	2025-10-17	2025-10-24	New	-3.8%
Upward Expansion	2025-09-26	2025-10-10	New	-4.2%
Deceleration	2025-07-25	2025-09-19	Developing	+3.5%
Upward Expansion	2025-06-27	2025-07-18	New	-0.9%
Rotation Up	2025-05-23	2025-06-20	Developing	+4.5%
Downward Expansion	2025-02-21	2025-05-16	Established	+3.5%

Classic Stage Analysis comparison

Stage 1 · Basing54

Stage 2 · Advancing8

Stage 3 · Distribution46

Stage 4 · Declining92

Legacy result: Stage 4 · Stage 4A · Breakdown. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^AEX

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: 89/100
Current Relative Strength: -20.40
Relative Strength direction: Weakening
Price momentum: -7.0%
Excess performance vs benchmark: -18.9%
Technology regime cohort: 20th percentile5 in cohort

Test AMUND trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume8.78×

Latest completed volume relative to typical participation.

Up/down volume0.81×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 1

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+25.0%

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 AMUND Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity EUR 0.9907falling

Slow Activity EUR 1.05falling

Trend Reference EUR 1.06-12.1% close margin

Current Fair Value EUR 1.10-15.8% close margin

Structural low EUR 0.815shock / 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 +7.2%

Annualized volatility +39.8%

From structural high -21.8%

From structural low +14.1%

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 ^AEX	Regime survived	Read
Near term	15	+1.8%-3.7% to +6.3%	+60.0%	+26.7%	-0.7%	+66.7%	Usable descriptive sample
Intermediate	6	+1.3%-3.5% to +11.2%	+66.7%	+33.3%	-0.5%	+33.3%	Usable descriptive sample
Extended	4	+2.2%-1.5% to +9.1%	+50.0%	+50.0%	-4.6%	+25.0%	Too little matched history
Full cycle	2	+0.5%-2.9% to +3.9%	+50.0%	+50.0%	-15.4%	+50.0%	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.

AMUND Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding downward.

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

Lagging 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 downward.

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 ?

Lagging 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 ↗

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

Similar Charts

RMI Reversal Map