Weekly structural research · LSE · Industrials

DATA Stage Analysis

GlobalData Plc

Week ending 2 Oct 2026Close GBP 59.30Tenure EstablishedBenchmark ^FTSE

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Downward Expansion · Established 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 -76−100 bearish to +100 bullish

Energy 91/100directional strength

Maturity 48/100lifecycle context

Confidence 84/100evidence agreement

Trend gate Downstructural direction

Activity structure Wideexpanding separation

Price acceptance -83.3%position within the Activity structure

Fair Value context -60.9%GBP 151.52 · 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
2026-10-02	59.30	82.72	-37.52	11966537	Downward Expansion	-76	91
2026-09-25	58.00	83.39	-41.24	10089524	Downward Expansion	-87	95
2026-09-18	59.60	84.27	-40.44	35918660	Downward Expansion	-88	86
2026-09-11	71.24	85.10	-30.09	6555924	Downward Expansion	-75	59
2026-09-04	73.73	85.64	-30.21	4726761	Downward Expansion	-59	31
2026-08-28	83.58	86.32	-22.08	9399652	Downward Expansion	-32	26
2026-08-21	83.87	87.07	-22.77	1448944	Downward Expansion	-37	25
2026-08-14	83.60	88.15	-23.52	1465125	Downward Expansion	-44	28
2026-08-07	86.80	89.36	-22.65	522519	Downward Expansion	-60	44
2026-07-31	79.30	90.57	-30.04	645161	Downward Expansion	-66	75
2026-07-24	73.50	91.78	-35.36	1104558	Downward Expansion	-72	82
2026-07-17	74.00	92.96	-35.14	482667	Downward Expansion	-73	81
2026-07-10	74.40	94.08	-35.15	1119399	Downward Expansion	-75	73
2026-07-03	80.40	95.24	-32.13	1166469	Downward Expansion	-65	51
2026-06-26	76.90	96.18	-35.00	1122810	Balance	-60	42
2026-06-19	85.20	97.53	-28.18	15232768	Balance	-23	17
2026-06-12	94.70	98.02	-22.11	2246202	Rotation Up	7	16
2026-06-05	103.00	98.30	-15.48	849982	Rotation Up	21	29
2026-05-29	106.60	98.28	-14.21	3867770	Rotation Up	30	43
2026-05-22	102.40	98.36	-19.36	9793281	Rotation Up	25	46
2026-05-15	101.00	98.84	-19.86	4931957	Rotation Up	25	41
2026-05-08	104.40	99.49	-18.95	13183547	Rotation Up	28	42
2026-05-01	109.20	100.10	-17.77	9542931	Downward Expansion	8	31
2026-04-24	103.20	100.84	-23.79	12412661	Downward Expansion	-8	24
2026-04-17	95.00	101.63	-32.39	5724507	Downward Expansion	-41	33
2026-04-10	81.40	103.06	-42.37	3756272	Downward Expansion	-64	58
2026-04-03	76.60	105.40	-45.68	5686515	Downward Expansion	-67	66
2026-03-27	63.60	107.43	-53.41	3771526	Downward Expansion	-82	90
2026-03-20	66.39	109.77	-51.86	5834477	Downward Expansion	-85	92
2026-03-13	70.79	112.03	-51.13	5832594	Downward Expansion	-86	93
2026-03-06	79.19	114.03	-46.29	12880345	Downward Expansion	-80	92
2026-02-27	84.39	115.94	-47.00	17269249	Downward Expansion	-75	88
2026-02-20	84.78	117.86	-46.59	14483189	Downward Expansion	-79	86
2026-02-13	87.18	119.85	-44.82	10186747	Downward Expansion	-79	78
2026-02-06	94.18	121.61	-41.00	18782131	Balance	-71	47
2026-01-30	105.98	123.14	-33.77	10193412	Balance	-31	18
2026-01-23	116.48	124.34	-27.54	9671211	Balance	-11	17
2026-01-16	119.98	125.49	-26.91	12161429	Downward Expansion	-11	15
2026-01-09	122.98	126.37	-25.17	8201492	Downward Expansion	-22	15
2026-01-02	115.48	127.14	-29.53	1515580	Downward Expansion	-41	29
2025-12-26	108.98	129.02	-33.96	761942	Downward Expansion	-45	35
2025-12-19	107.48	131.35	-35.91	9597577	Downward Expansion	-47	33
2025-12-12	109.48	134.08	-33.93	4216015	Downward Expansion	-48	39
2025-12-05	108.48	136.70	-35.48	10712425	Downward Expansion	-60	47
2025-11-28	117.48	139.35	-31.46	19367021	Downward Expansion	-64	55
2025-11-21	99.78	141.93	-41.47	18708668	Downward Expansion	-76	85
2025-11-14	102.98	143.22	-41.49	10246719	Downward Expansion	-76	85
2025-11-07	102.48	144.44	-42.60	12040589	Downward Expansion	-83	86
2025-10-31	108.98	145.62	-40.07	18246708	Downward Expansion	-80	82
2025-10-24	116.98	146.52	-36.08	19450038	Downward Expansion	-74	75
2025-10-17	120.48	147.62	-32.87	13632653	Downward Expansion	-71	72
2025-10-10	122.48	148.70	-32.82	5976878	Downward Expansion	-72	56
2025-10-03	131.48	149.89	-29.15	9607502	Downward Expansion	-59	36
2025-09-26	126.98	151.60	-30.75	8439056	Downward Expansion	-70	37
2025-09-19	137.98	153.62	-25.00	10942631	Downward Expansion	-43	25
2025-09-12	151.47	155.40	-19.05	29737423	Downward Expansion	-38	28
2025-09-05	137.48	156.85	-26.56	3067846	Downward Expansion	-61	49
2025-08-29	133.97	158.80	-28.99	2364833	Downward Expansion	-63	62
2025-08-22	133.97	160.27	-30.82	5824270	Downward Expansion	-66	68
2025-08-15	130.97	161.85	-31.79	5525829	Downward Expansion	-74	66
2025-08-08	136.47	163.68	-29.38	8285453	Downward Expansion	-69	59
2025-08-01	141.97	165.83	-27.06	8621085	Downward Expansion	-62	62
2025-07-25	144.47	167.86	-26.86	6387642	Downward Expansion	-62	58
2025-07-18	139.97	169.21	-28.80	8328855	Downward Expansion	-68	70
2025-07-11	139.97	170.71	-29.05	15720185	Downward Expansion	-69	75
2025-07-04	141.97	172.31	-27.75	7337398	Downward Expansion	-69	71
2025-06-27	150.97	174.18	-23.66	5943000	Downward Expansion	-49	44
2025-06-20	146.47	175.88	-26.37	7125608	Rotation Up	-55	40
2025-06-13	145.97	177.86	-27.93	36403651	Rotation Up	-49	23
2025-06-06	171.97	179.89	-15.73	6565048	Rotation Up	17	24
2025-05-30	178.96	180.87	-12.16	8987176	Rotation Up	20	33
2025-05-23	189.46	181.64	-6.97	8056829	Downward Expansion	24	39
2025-05-16	187.96	181.69	-7.80	6207763	Downward Expansion	-5	27
2025-05-09	187.96	181.22	-6.94	9768030	Downward Expansion	-13	20
2025-05-02	194.96	181.57	-4.22	27728108	Downward Expansion	-24	24
2025-04-25	138.47	181.74	-30.66	10002907	Downward Expansion	-69	83
2025-04-18	139.47	183.99	-29.40	7094651	Downward Expansion	-70	86
2025-04-11	137.97	186.24	-27.80	6568309	Downward Expansion	-76	88
2025-04-04	135.97	188.60	-29.96	7136174	Downward Expansion	-85	90
2025-03-28	149.97	191.07	-28.50	6618428	Downward Expansion	-77	81
2025-03-21	152.97	193.63	-27.34	10500396	Downward Expansion	-79	76
2025-03-14	157.96	195.93	-25.19	8852790	Downward Expansion	-75	58
2025-03-07	182.95	198.03	-14.16	8347071	Downward Expansion	-52	23
2025-02-28	187.45	199.06	-13.57	13133653	Downward Expansion	-36	17
2025-02-21	191.45	199.94	-10.50	6580187	Downward Expansion	-34	17
2025-02-14	194.95	200.78	-9.90	7078082	Downward Expansion	-46	27
2025-02-07	195.95	201.46	-9.38	14921778	Downward Expansion	-48	42
2025-01-31	177.95	202.13	-17.70	3144314	Downward Expansion	-68	55
2025-01-24	181.45	203.46	-14.77	2609070	Downward Expansion	-62	32
2025-01-17	185.95	204.91	-12.97	3192560	Downward Expansion	-58	29
2025-01-10	200.95	206.27	-3.47	3945761	Downward Expansion	-46	26
2025-01-03	202.95	207.02	-2.29	2627625	Downward Expansion	-50	40
2024-12-27	184.95	207.59	-10.17	674259	Downward Expansion	-66	64
2024-12-20	184.95	209.02	-9.27	3800534	Downward Expansion	-68	53
2024-12-13	187.95	210.60	-10.01	3413977	Downward Expansion	-66	35
2024-12-06	197.95	212.44	-5.14	2429833	Downward Expansion	-36	21
2024-11-29	201.95	212.77	-2.72	2941795	Downward Expansion	-29	22
2024-11-22	205.95	212.70	-0.18	4578228	Downward Expansion	-31	24
2024-11-15	206.95	212.20	3.08	2653155	Downward Expansion	-39	22
2024-11-08	201.45	211.42	0.57	4286307	Downward Expansion	-59	47
2024-11-01	201.95	210.77	-0.11	9449424	Downward Expansion	-63	66
2024-10-25	190.95	210.18	-5.96	7477815	Rotation Down	-67	83
2024-10-18	173.95	209.95	-15.20	13527402	Rotation Down	-69	86
2024-10-11	198.45	210.15	-1.97	1663619	Rotation Down	-49	69
2024-10-04	199.95	209.46	-1.28	1621338	Rotation Down	-48	65
2024-09-27	205.95	209.06	1.48	3011033	Deceleration	-27	39
2024-09-20	206.95	208.81	3.45	2635891	Deceleration	-2	14
2024-09-13	208.94	208.46	4.26	1867159	Deceleration	5	5
2024-09-06	209.94	208.16	6.26	1775392	Deceleration	24	19
2024-08-30	226.92	207.91	12.49	2066929	Deceleration	54	42
2024-08-23	221.93	206.87	11.16	4378057	Deceleration	43	25
2024-08-16	220.93	205.97	11.36	5628137	Deceleration	30	16
2024-08-02	213.93	205.77	10.13	4305357	Deceleration	19	14
2024-07-26	213.93	205.17	8.94	1569010	Deceleration	31	19
2024-07-19	216.43	204.48	12.20	906355	Deceleration	35	21
2024-07-12	215.43	202.33	10.63	3194455	Deceleration	39	23
2024-07-05	215.93	200.25	11.77	3531102	Upward Expansion	43	31
2024-06-28	217.93	198.10	13.61	1087238	Upward Expansion	48	38
2024-06-21	224.93	195.95	16.48	1083833	Upward Expansion	61	48
2024-06-14	226.92	193.53	19.16	4003218	Upward Expansion	67	58
2024-06-07	223.43	191.12	16.24	3042464	Upward Expansion	65	66
2024-05-31	219.93	188.95	14.34	2435735	Upward Expansion	68	88
2024-05-24	227.92	186.53	18.19	6183723	Upward Expansion	70	89
2024-05-17	232.42	183.65	19.50	18836041	Upward Expansion	84	94
2024-05-10	242.92	180.77	25.23	8088791	Upward Expansion	94	94
2024-04-26	207.93	177.73	11.79	3696758	Upward Expansion	69	69
2024-04-19	199.93	176.05	11.23	4171667	Deceleration	57	38
2024-04-12	190.94	174.65	5.21	964464	Deceleration	36	20
2024-04-05	183.44	173.40	2.29	1272624	Deceleration	14	12
2024-03-29	181.94	172.45	0.89	3439489	Deceleration	13	15
2024-03-22	184.44	171.63	2.37	1290937	Deceleration	13	20
2024-03-15	183.91	170.85	4.83	16468126	Deceleration	24	22
2024-03-08	179.91	170.08	3.64	15391081	Deceleration	29	22
2024-03-01	177.91	169.46	2.32	1599871	Deceleration	36	21
2024-02-23	187.90	168.91	7.89	638600	Deceleration	44	36
2024-02-16	198.40	168.50	14.08	1265250	Upward Expansion	57	48
2024-02-09	196.40	167.65	15.34	948519	Upward Expansion	59	51
2024-02-02	199.90	166.81	17.08	13598043	Upward Expansion	62	57
2024-01-26	202.40	166.05	18.55	4164888	Upward Expansion	69	81
2024-01-19	195.90	165.32	17.63	1118254	Upward Expansion	63	84
2024-01-12	194.90	164.78	15.00	3005072	Rotation Up	64	86
2024-01-05	214.89	164.35	26.11	2516580	Rotation Up	61	84
2023-12-29	195.90	163.44	14.78	463346	Rotation Up	46	67
2023-12-22	193.40	162.99	14.16	5074110	Rotation Up	40	33
2023-12-15	151.92	162.63	-8.69	864891	Downward Expansion	-37	21
2023-12-08	152.92	163.49	-8.06	1098732	Downward Expansion	-35	20
2023-12-01	151.42	164.29	-8.94	1931799	Downward Expansion	-36	20
2023-11-24	153.42	164.80	-7.57	1522761	Downward Expansion	-34	21
2023-11-17	152.42	165.23	-8.47	1680966	Downward Expansion	-39	23
2023-11-10	154.42	165.77	-5.63	1427680	Downward Expansion	-46	35
2023-11-03	158.42	166.31	-4.06	1300802	Downward Expansion	-59	48
2023-10-27	147.43	166.86	-9.16	2086673	Downward Expansion	-62	67
2023-10-20	141.43	168.06	-14.20	1418169	Downward Expansion	-80	72
2023-10-06	145.93	169.15	-12.70	451540	Downward Expansion	-78	57
2023-09-29	151.92	170.04	-10.56	488107	Downward Expansion	-70	52
2023-09-22	157.42	170.74	-8.26	1674293	Downward Expansion	-62	51

Price vs TrendBelow-28.3%

Trend directionFalling-9.9%

Price vs current Fair ValueBelow anchor-60.9%

Fair Value directionMoving away-11.4%

Relative Strength vs benchmarkLagging-37.5%

Relative strength directionWeakening-5.4%

Price momentumNegative-22.6%

Volume balanceSupply-led0.21×

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

-76 / ±100

-17.5 points since 2026-09-04

Energy

91 /100

+59.6 points since 2026-09-04

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

DATA Directional State ↗ DATA Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance7

Rotation Up8

Upward Expansion22

Deceleration37

Rotation Down83

Downward Expansion98

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 2026-10-02 · 156 classified observations out of 156 shown.

Balance 3%Rotation Up 9%Upward Expansion 10%Deceleration 13%Rotation Down 3%Downward Expansion 63%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-07-03	2026-10-02	Established	-26.2%
Balance	2026-06-19	2026-06-26	New	-9.7%
Rotation Up	2026-05-08	2026-06-12	Developing	-9.3%
Downward Expansion	2026-02-13	2026-05-01	Developing	+25.3%
Balance	2026-01-23	2026-02-06	New	-19.1%
Downward Expansion	2025-06-27	2026-01-16	Extended	-20.5%
Rotation Up	2025-05-30	2025-06-20	New	-18.2%
Downward Expansion	2024-11-01	2025-05-23	Extended	-6.2%
Rotation Down	2024-10-04	2024-10-25	New	-4.5%
Deceleration	2024-07-12	2024-09-27	Developing	-4.4%
Upward Expansion	2024-04-26	2024-07-05	Developing	+3.8%
Deceleration	2024-02-23	2024-04-19	Developing	+6.4%
Upward Expansion	2024-01-19	2024-02-16	Developing	+1.3%
Rotation Up	2023-12-22	2024-01-12	New	+0.8%

Classic Stage Analysis comparison

Stage 1 · Basing53

Stage 2 · Advancing0

Stage 3 · Distribution17

Stage 4 · Declining100

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

Leadership versus ^FTSE

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: 100/100
Current Relative Strength: -37.52
Relative Strength direction: Weakening
Price momentum: -22.6%
Excess performance vs benchmark: -22.8%
Industrials regime cohort: 84th percentile38 in cohort

Test DATA trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume2.00×

Latest completed volume relative to typical participation.

Up/down volume0.21×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 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+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 DATA Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity GBP 61.57falling

Slow Activity GBP 79.47falling

Trend Reference GBP 82.72-28.3% close margin

Current Fair Value GBP 151.52-60.9% close margin

Structural low GBP 52.34shock / 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 +11.5%

Annualized volatility +53.5%

From structural high -55.7%

From structural low +13.3%

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 ^FTSE	Regime survived	Read
Near term	39	-1.4%-30.6% to +40.5%	+38.5%	+56.4%	-3.6%	+87.2%	Usable descriptive sample
Intermediate	13	-5.3%-27.2% to +30.2%	+30.8%	+69.2%	-7.1%	+69.2%	Usable descriptive sample
Extended	6	-4.2%-44.1% to +23.3%	+33.3%	+66.7%	-7.5%	+66.7%	Usable descriptive sample
Full cycle	3	-12.3%-46.0% to +41.0%	+33.3%	+66.7%	-14.6%	+33.3%	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.

DATA 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 ↗

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