Weekly structural research · SAU · Technology

9522 Stage Analysis

Alhasoob Co.

Week ending 25 Sep 2026Close SAR 29.50Tenure DevelopingBenchmark ^TASI.SR

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Balance · Upper balance after advance

Directional pressure has compressed into balance.

Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base.

The Trend gate is down within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: moderate and expanding.

Direction -78−100 bearish to +100 bullish

Energy 66/100directional strength

Maturity 29/100lifecycle context

Confidence 82/100evidence agreement

Trend gate Downstructural direction

Activity structure Moderateexpanding separation

Price acceptance -83.3%position within the Activity structure

Fair Value context -43.3%SAR 52.01 · 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
2026-09-25	29.50	36.41	-15.75	1040	Balance	-78	66
2026-09-18	33.00	36.47	-7.69	979	Balance	-39	41
2026-09-11	35.24	36.46	-3.82	1422	Balance	-27	37
2026-09-04	35.10	36.38	-4.80	2007	Balance	-20	31
2026-08-28	34.50	36.28	-8.48	7474	Balance	-24	27
2026-08-21	35.00	36.23	-5.22	1806	Balance	-4	17
2026-08-14	36.10	36.26	-1.65	2147	Balance	15	14
2026-08-07	38.00	36.25	2.95	3349	Upward Expansion	33	15
2026-07-31	36.60	36.09	1.19	3899	Upward Expansion	43	28
2026-07-24	38.00	35.95	2.63	2202	Upward Expansion	57	61
2026-07-17	40.00	35.85	8.34	4363	Upward Expansion	58	63
2026-07-10	41.00	35.65	9.89	7847	Balance	66	59
2026-07-03	41.00	35.56	9.52	8041	Balance	66	34
2026-06-26	36.50	35.47	-3.58	18094	Balance	24	17
2026-06-19	37.00	35.45	-4.14	5226	Balance	24	21
2026-06-12	35.00	35.48	-9.16	2968	Rotation Up	16	22
2026-06-05	35.66	35.57	-7.66	5948	Rotation Up	30	20
2026-05-29	35.98	35.71	-7.70	0	Rotation Up	43	28
2026-05-22	35.98	35.88	-8.19	11841	Rotation Up	30	29
2026-05-15	40.00	35.99	1.77	1032	Rotation Up	37	56
2026-05-08	41.68	35.95	5.27	2547	Rotation Up	51	63
2026-05-01	37.82	35.88	-6.06	7074	Rotation Up	24	47
2026-04-24	38.80	36.07	-3.38	8190	Rotation Up	32	48
2026-04-17	38.42	36.09	-8.37	9672	Balance	32	33
2026-04-10	36.00	36.13	-13.15	1781	Balance	-3	16
2026-04-03	36.92	36.28	-10.88	7917	Balance	-9	13
2026-03-27	35.94	36.42	-12.80	6657	Downward Expansion	-24	14
2026-03-20	33.00	36.62	-19.74	678	Downward Expansion	-53	35
2026-03-13	32.50	37.04	-21.47	5348	Downward Expansion	-55	38
2026-03-06	32.10	37.48	-22.48	8549	Downward Expansion	-58	41
2026-02-27	31.22	37.90	-24.99	1375	Downward Expansion	-66	49
2026-02-20	32.68	38.35	-24.13	7662	Downward Expansion	-59	44
2026-02-13	32.86	38.80	-26.60	5108	Downward Expansion	-60	41
2026-02-06	32.00	39.23	-28.92	10308	Downward Expansion	-67	41
2026-01-30	33.00	39.70	-28.93	11020	Downward Expansion	-65	41
2026-01-23	35.96	40.11	-21.92	6805	Downward Expansion	-58	41
2026-01-16	36.00	40.30	-20.52	6262	Downward Expansion	-61	55
2026-01-09	32.98	40.62	-25.56	3295	Downward Expansion	-70	77
2026-01-02	32.50	41.13	-27.82	7597	Downward Expansion	-78	70
2025-12-26	35.00	41.63	-22.77	2409	Downward Expansion	-65	47
2025-12-19	34.00	42.02	-25.19	11269	Downward Expansion	-77	62
2025-12-12	38.38	42.51	-18.44	3378	Downward Expansion	-58	43
2025-12-05	38.23	42.91	-19.01	2632	Downward Expansion	-60	59
2025-11-28	35.75	43.26	-25.42	9269	Downward Expansion	-76	66
2025-11-21	38.13	43.69	-23.84	4166	Downward Expansion	-62	40
2025-11-14	37.74	44.07	-26.24	1610	Downward Expansion	-69	44
2025-11-07	39.72	44.60	-23.51	1636	Downward Expansion	-57	39
2025-10-31	41.21	44.94	-23.28	3193	Downward Expansion	-57	41
2025-10-24	39.13	45.69	-26.94	8356	Downward Expansion	-63	42
2025-10-17	38.75	46.51	-28.28	14600	Downward Expansion	-69	47
2025-10-10	39.72	47.28	-25.83	12468	Downward Expansion	-67	47
2025-10-03	43.50	48.00	-18.27	19265	Downward Expansion	-61	48
2025-09-26	39.23	48.63	-25.13	12033	Downward Expansion	-69	70
2025-09-19	39.72	49.51	-20.68	13171	Downward Expansion	-69	65
2025-09-12	40.52	50.36	-16.70	13381	Downward Expansion	-69	57
2025-09-05	41.01	51.18	-17.42	8793	Downward Expansion	-71	48
2025-08-29	42.13	52.20	-15.82	18773	Downward Expansion	-69	45
2025-08-22	45.68	53.22	-9.97	5556	Downward Expansion	-44	34
2025-08-15	45.68	54.11	-9.64	9916	Downward Expansion	-44	35
2025-08-08	44.69	54.87	-12.34	8197	Downward Expansion	-59	43
2025-08-01	44.69	55.45	-12.32	8856	Downward Expansion	-52	43
2025-07-25	46.08	55.98	-9.79	3794	Downward Expansion	-58	49
2025-07-18	45.68	56.65	-11.12	2269	Downward Expansion	-61	58
2025-07-11	46.20	57.29	-12.24	997	Downward Expansion	-64	67
2025-07-04	45.18	58.27	-14.10	7093	Downward Expansion	-64	60
2025-06-27	41.76	59.48	-19.46	9304	Downward Expansion	-87	82
2025-06-20	45.68	60.26	-8.42	529	Downward Expansion	-74	66
2025-06-13	48.16	60.70	-5.56	598	Downward Expansion	-64	62
2025-06-06	47.67	60.79	-8.00	2518	Downward Expansion	-68	64
2025-05-30	46.67	60.92	-9.85	3441	Downward Expansion	-76	72
2025-05-23	48.61	60.85	-7.81	1428	Downward Expansion	-71	85
2025-05-16	50.45	60.71	-6.82	1962	Rotation Down	-68	87
2025-05-09	48.66	60.43	-9.35	1048	Rotation Down	-46	80
2025-05-02	48.66	60.30	-10.96	3446	Rotation Down	-52	82
2025-04-25	49.65	60.27	-11.16	3838	Rotation Down	-55	77
2025-04-18	53.62	60.30	-2.70	1737	Rotation Down	-38	59
2025-04-11	49.75	60.17	-9.62	12171	Rotation Down	-47	53
2025-04-04	63.75	60.20	11.57	36	Deceleration	6	14
2025-03-28	63.75	59.66	10.26	2158	Deceleration	6	16
2025-03-21	61.87	59.26	9.27	2073	Deceleration	3	17
2025-03-14	61.27	58.85	8.42	807	Deceleration	5	15
2025-03-07	62.46	58.43	9.44	1427	Deceleration	27	21
2025-02-28	65.44	58.01	11.70	28	Upward Expansion	38	20
2025-02-21	65.44	57.45	9.12	1567	Upward Expansion	52	32
2025-02-14	64.95	57.02	8.16	5000	Upward Expansion	57	40
2025-02-07	71.60	56.51	18.70	4628	Upward Expansion	62	50
2025-01-31	72.89	55.94	21.01	2942	Deceleration	66	46
2025-01-24	72.39	55.19	20.77	6120	Deceleration	56	35
2025-01-17	68.52	54.60	15.03	6114	Deceleration	48	29
2025-01-10	61.97	54.03	5.08	1601	Upward Expansion	42	27
2025-01-03	60.58	53.75	1.93	1511	Upward Expansion	59	47
2024-12-27	66.34	53.45	13.00	7069	Upward Expansion	66	78
2024-12-20	64.75	52.98	9.36	8909	Upward Expansion	68	87
2024-12-13	75.67	52.61	24.68	18259	Upward Expansion	85	94
2024-12-06	81.43	52.09	35.39	21011	Rotation Up	97	98
2024-11-29	65.14	51.36	10.79	63067	Rotation Up	52	55
2024-11-22	58.99	51.26	-1.95	45142	Rotation Up	41	37
2024-11-15	50.65	51.48	-16.11	14625	Downward Expansion	-23	14
2024-11-08	51.64	52.10	-17.79	14226	Downward Expansion	-41	32
2024-11-01	44.59	52.69	-29.17	13484	Downward Expansion	-63	72
2024-10-25	44.29	53.50	-29.85	6625	Downward Expansion	-67	75
2024-10-18	42.30	54.40	-34.06	2376	Downward Expansion	-81	77
2024-10-11	44.69	55.31	-31.83	25249	Downward Expansion	-74	54
2024-10-04	47.67	56.30	-27.98	4017	Downward Expansion	-60	34
2024-09-27	50.65	57.05	-26.94	404	Downward Expansion	-40	28
2024-09-20	49.65	57.69	-27.62	405	Downward Expansion	-43	29
2024-09-13	50.65	58.33	-25.69	3775	Downward Expansion	-52	34
2024-09-06	47.67	58.80	-32.48	2005	Downward Expansion	-66	45
2024-08-30	51.64	59.55	-28.24	2282	Downward Expansion	-56	42
2024-08-23	49.65	60.18	-32.19	14606	Downward Expansion	-61	50
2024-08-16	48.76	61.06	-32.82	10124	Downward Expansion	-64	50
2024-08-09	49.65	62.00	-31.14	2032	Downward Expansion	-64	51
2024-08-02	48.66	63.12	-35.47	3206	Downward Expansion	-69	52
2024-07-26	52.63	64.24	-31.02	8838	Downward Expansion	-59	48
2024-07-19	49.55	65.20	-36.72	13139	Downward Expansion	-70	53
2024-07-12	54.42	66.32	-29.10	3220	Downward Expansion	-59	48
2024-07-05	50.65	67.31	-34.06	8270	Downward Expansion	-71	60
2024-06-28	54.62	68.34	-30.22	3362	Downward Expansion	-65	61
2024-06-14	51.44	69.16	-33.85	11024	Downward Expansion	-72	82
2024-06-07	53.62	69.98	-32.42	2889	Downward Expansion	-68	86
2024-05-31	51.34	70.84	-35.83	6639	Downward Expansion	-80	91
2024-05-24	52.23	71.66	-38.20	3378	Downward Expansion	-84	93
2024-05-17	53.62	72.63	-38.40	26338	Downward Expansion	-88	92
2024-05-10	60.18	73.56	-32.27	16993	Downward Expansion	-74	81
2024-05-03	59.58	74.26	-34.04	30047	Downward Expansion	-80	77
2024-04-26	62.26	74.99	-31.36	19535	Downward Expansion	-75	63
2024-04-19	65.54	75.63	-30.14	10789	Downward Expansion	-68	45
2024-04-05	69.12	76.46	-28.34	6693	Downward Expansion	-55	34
2024-03-29	69.51	77.17	-28.00	6333	Downward Expansion	-55	35
2024-03-22	68.62	78.09	-31.19	6771	Downward Expansion	-48	29
2024-03-15	71.50	79.08	-28.83	8452	Downward Expansion	-39	25
2024-03-08	69.51	79.90	-31.02	8542	Downward Expansion	-47	32
2024-03-01	74.38	80.85	-27.15	3700	Downward Expansion	-45	34
2024-02-23	70.11	81.68	-31.96	2649	Downward Expansion	-61	54
2024-02-16	69.91	82.66	-31.96	4904	Downward Expansion	-63	68
2024-02-09	68.92	83.64	-32.03	4917	Downward Expansion	-65	76
2024-02-02	64.55	84.67	-35.32	5545	Downward Expansion	-82	84
2024-01-26	70.21	85.77	-31.66	2410	Downward Expansion	-73	76
2024-01-19	70.51	86.77	-30.79	5931	Downward Expansion	-76	62
2024-01-12	76.07	87.78	-26.85	9778	Downward Expansion	-62	40
2024-01-05	76.96	88.79	-26.66	62474	Downward Expansion	-62	35
2023-12-29	83.32	89.80	-19.70	3431	Downward Expansion	-32	18
2023-12-22	82.23	90.53	-18.96	12334	Downward Expansion	-33	20
2023-12-15	81.43	91.27	-19.59	4139	Downward Expansion	-36	23
2023-12-08	83.12	91.99	-16.08	3942	Downward Expansion	-38	24
2023-12-01	84.31	92.70	-14.87	2801	Downward Expansion	-45	36
2023-11-24	81.33	93.30	-17.41	12966	Downward Expansion	-58	47
2023-11-17	79.35	94.12	-19.76	6369	Downward Expansion	-63	58
2023-11-10	75.97	95.24	-21.82	1370	Downward Expansion	-73	64
2023-11-03	79.44	96.28	-18.73	4886	Downward Expansion	-65	61
2023-10-27	75.97	97.24	-19.23	2247	Downward Expansion	-81	84
2023-10-20	81.43	98.19	-15.72	7260	Downward Expansion	-67	84
2023-10-13	81.33	99.39	-15.59	2068	Downward Expansion	-72	88
2023-10-06	81.43	100.81	-17.18	7358	Downward Expansion	-76	88
2023-09-29	81.33	101.26	-19.75	9087	Downward Expansion	-80	86
2023-09-22	81.53	101.80	-19.06	3969	Downward Expansion	-85	80

Price vs TrendBelow-19.0%

Trend directionRising+1.6%

Price vs current Fair ValueBelow anchor-43.3%

Fair Value directionMoving away-7.2%

Relative Strength vs benchmarkLagging-15.7%

Relative strength directionWeakening-12.2%

Price momentumNegative-17.9%

Volume balanceSupply-led0.62×

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

-78 / ±100

-54.1 points since 2026-08-28

Energy

66 /100

+39.3 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.

9522 Directional State ↗ 9522 Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance26

Rotation Up11

Upward Expansion13

Deceleration39

Rotation Down73

Downward Expansion88

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

2023-09-22 to 2026-09-25 · 156 classified observations out of 156 shown.

Balance 9%Rotation Up 7%Upward Expansion 8%Deceleration 5%Rotation Down 4%Downward Expansion 67%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Balance	2026-08-14	2026-09-25	Developing	-18.3%
Upward Expansion	2026-07-17	2026-08-07	New	-5.0%
Balance	2026-06-19	2026-07-10	New	+10.8%
Rotation Up	2026-04-24	2026-06-12	Developing	-9.8%
Balance	2026-04-03	2026-04-17	New	+4.1%
Downward Expansion	2025-05-23	2026-03-27	Extended	-26.1%
Rotation Down	2025-04-11	2025-05-16	Developing	+1.4%
Deceleration	2025-03-07	2025-04-04	Developing	+2.1%
Upward Expansion	2025-02-07	2025-02-28	New	-8.6%
Deceleration	2025-01-17	2025-01-31	New	+6.4%
Upward Expansion	2024-12-13	2025-01-10	Developing	-18.1%
Rotation Up	2024-11-22	2024-12-06	New	+38.0%
Downward Expansion	2023-07-28	2024-11-15	Extended	-49.0%
Balance	2023-07-14	2023-07-21	New	-0.8%

Classic Stage Analysis comparison

Stage 1 · Basing67

Stage 2 · Advancing11

Stage 3 · Distribution28

Stage 4 · Declining89

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

Leadership versus ^TASI.SR

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: 93/100
Current Relative Strength: -15.75
Relative Strength direction: Weakening
Price momentum: -17.9%
Excess performance vs benchmark: -13.5%
Technology regime cohort: 67th percentile3 in cohort

Test 9522 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.23×

Latest completed volume relative to typical participation.

Up/down volume0.62×

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+37.5%

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 9522 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity SAR 32.66falling

Slow Activity SAR 36.26falling

Trend Reference SAR 36.41-19.0% close margin

Current Fair Value SAR 52.01-43.3% close margin

Structural low SAR 29.50shock / repair context

What changes the read?

Persistent fast/slow separation and fan expansion would end Balance; direction determines whether it becomes Rotation Up or Rotation Down.

Range context +12.7%

Annualized volatility +37.8%

From structural high -36.6%

From structural low +0.0%

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 move	Positive periods	Directional follow-through	Median excess vs ^TASI.SR	Regime survived	Read
Near term	4	+0.1%-2.4% to +8.1%	+50.0%	+50.0%	+1.7%	+25.0%	Too little matched history
Intermediate	2	-3.8%-18.8% to +11.1%	+50.0%	+50.0%	+2.9%	+50.0%	Too little matched history
Extended	1	-24.0%-24.0% to -24.0%	+0.0%	+0.0%	-27.5%	+0.0%	Too little matched history
Full cycle	1	-47.4%-47.4% to -47.4%	+0.0%	+0.0%	-50.1%	+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.

9522 Stage Analysis

What the Activity Line geometry says now

Directional pressure has compressed into balance.

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

Directional pressure has compressed into balance.

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