Weekly structural research · JKT · Basic Materials

SINI Stage Analysis

PT Singaraja Putra Tbk

Week ending 25 Sep 2026Close IDR 18,300.00Tenure NewBenchmark ^JKSE

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Rotation Up · Value reclamation

The Activity Line structure is rotating upward.

Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair.

The Trend gate is mixed within the current regime.
Fast Activity versus Slow Activity: improving.
Activity structure: wide and expanding.

Direction 54−100 bearish to +100 bullish

Energy 82/100directional strength

Maturity 28/100lifecycle context

Confidence 89/100evidence agreement

Trend gate Mixedstructural direction

Activity structure Wideexpanding separation

Price acceptance +83.3%position within the Activity structure

Fair Value context +251.1%IDR 5,212.35 · improving

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	18,300.00	11,006.38	94.35	32245000	Rotation Up	54	82
2026-09-18	16,900.00	10,856.38	79.54	61795100	Rotation Up	53	69
2026-09-11	13,100.00	10,776.38	41.01	49444700	Rotation Up	39	47
2026-09-04	14,500.00	10,887.21	57.07	139425700	Rotation Up	23	32
2026-08-28	9,625.00	10,824.71	8.72	41383500	Downward Expansion	-40	31
2026-08-21	8,075.00	11,143.88	-7.56	3880200	Downward Expansion	-48	43
2026-08-14	7,025.00	11,514.71	-17.11	349800	Downward Expansion	-62	51
2026-08-07	7,300.00	11,863.04	-13.17	591200	Downward Expansion	-62	65
2026-07-31	7,450.00	12,059.71	-8.01	948000	Downward Expansion	-64	73
2026-07-24	7,475.00	12,314.71	-6.09	5489600	Downward Expansion	-65	80
2026-07-17	6,150.00	12,498.88	-21.62	10463100	Downward Expansion	-78	83
2026-07-10	7,900.00	12,619.71	5.87	1593400	Downward Expansion	-66	68
2026-07-03	6,116.30	12,653.04	-16.32	0	Downward Expansion	-82	75
2026-06-26	9,375.00	12,782.50	28.77	318400	Downward Expansion	-66	65
2026-06-19	10,375.00	12,803.33	38.23	372300	Downward Expansion	-58	60
2026-06-12	9,725.00	12,750.83	35.59	521200	Balance	-67	70
2026-06-05	9,400.00	12,650.00	43.11	1116900	Balance	-45	55
2026-05-29	12,325.00	12,561.67	74.57	4494500	Balance	-26	31
2026-05-22	9,300.00	12,350.00	34.12	8275400	Deceleration	-45	33
2026-05-15	12,450.00	12,205.67	67.40	1734700	Deceleration	8	5
2026-05-08	13,000.00	11,955.67	72.64	4199100	Deceleration	32	27
2026-05-01	13,000.00	11,694.83	77.22	5422500	Deceleration	36	31
2026-04-24	14,675.00	11,408.17	100.60	6736900	Deceleration	39	33
2026-04-17	18,250.00	11,049.00	140.61	10161800	Deceleration	61	37
2026-04-10	13,750.00	10,570.00	93.15	2751300	Deceleration	15	12
2026-04-03	11,125.00	10,238.33	70.89	668400	Deceleration	2	19
2026-03-27	11,600.00	9,993.83	80.81	372100	Deceleration	3	23
2026-03-20	11,500.00	9,727.17	83.91	348100	Deceleration	7	23
2026-03-13	10,525.00	9,465.50	72.25	5674100	Deceleration	11	22
2026-03-06	9,900.00	9,238.00	56.24	6714400	Deceleration	18	20
2026-02-27	13,800.00	9,023.33	104.70	3864500	Upward Expansion	43	29
2026-02-20	14,500.00	8,680.00	120.30	2402600	Upward Expansion	52	47
2026-02-13	16,425.00	8,316.00	160.00	14338600	Upward Expansion	66	63
2026-02-06	12,625.00	7,871.17	115.32	1400100	Upward Expansion	68	67
2026-01-30	19,200.00	7,573.67	223.00	0	Upward Expansion	87	93
2026-01-23	19,200.00	7,062.67	217.39	2320400	Upward Expansion	94	94
2026-01-16	17,475.00	6,552.33	198.99	24164700	Upward Expansion	94	80
2026-01-09	13,200.00	6,103.17	137.84	37926400	Upward Expansion	73	70
2026-01-02	15,100.00	5,803.17	184.81	9891200	Upward Expansion	96	78
2025-12-26	13,000.00	5,429.83	159.74	1516900	Upward Expansion	95	78
2025-12-19	9,775.00	5,142.83	99.23	735000	Upward Expansion	74	72
2025-12-12	8,900.00	4,940.33	83.13	531900	Upward Expansion	69	88
2025-12-05	10,000.00	4,765.33	109.03	0	Upward Expansion	93	97
2025-11-28	10,000.00	4,548.67	116.02	539600	Upward Expansion	98	99
2025-11-21	8,800.00	4,305.33	96.20	1912600	Upward Expansion	98	99
2025-11-14	6,700.00	4,093.67	52.81	1856700	Upward Expansion	88	95
2025-11-07	6,750.00	3,947.00	53.69	2439900	Upward Expansion	95	97
2025-10-31	5,975.00	3,803.00	40.46	2616000	Upward Expansion	94	97
2025-10-24	4,970.00	3,693.83	15.55	558700	Upward Expansion	76	91
2025-10-17	4,950.00	3,607.50	20.21	516500	Upward Expansion	83	90
2025-10-10	5,175.00	3,525.83	21.49	1033300	Upward Expansion	95	91
2025-10-03	4,400.00	3,440.00	6.32	921800	Upward Expansion	82	73
2025-09-26	3,900.00	3,384.33	-4.70	146500	Upward Expansion	61	54
2025-09-19	3,880.00	3,364.33	-3.90	258700	Deceleration	51	42
2025-09-12	3,800.00	3,318.67	-2.92	194500	Deceleration	46	35
2025-09-05	3,790.00	3,286.67	-2.73	645600	Deceleration	45	29
2025-08-29	3,600.00	3,226.17	-6.60	161000	Deceleration	33	19
2025-08-22	3,650.00	3,187.17	-4.87	52600	Deceleration	32	17
2025-08-15	3,700.00	3,182.50	-2.88	78000	Deceleration	24	13
2025-08-08	3,460.00	3,231.67	-3.56	81400	Deceleration	22	23
2025-08-01	3,500.00	3,283.00	-1.27	59800	Deceleration	25	23
2025-07-25	3,580.00	3,329.33	2.21	340000	Deceleration	28	23
2025-07-18	3,080.00	3,366.67	-8.07	302600	Rotation Up	-8	16
2025-07-11	3,700.00	3,430.67	15.94	79700	Rotation Up	17	24
2025-07-04	3,870.00	3,470.67	26.66	136800	Rotation Up	32	38
2025-06-27	3,890.00	3,491.67	29.23	190800	Rotation Up	34	43
2025-06-20	4,000.00	3,506.67	35.41	252600	Rotation Up	38	69
2025-06-13	4,200.00	3,508.33	40.03	166900	Rotation Up	39	73
2025-06-06	3,900.00	3,555.00	33.96	502300	Rotation Up	30	71
2025-05-30	4,390.00	3,598.33	52.66	380400	Rotation Up	54	76
2025-05-23	3,700.00	3,625.33	31.19	806600	Downward Expansion	16	37
2025-05-16	3,650.00	3,660.67	34.10	243600	Downward Expansion	11	24
2025-05-09	3,500.00	3,638.33	36.44	1237700	Downward Expansion	-21	16
2025-05-02	2,700.00	3,599.67	7.70	250300	Downward Expansion	-58	46
2025-04-25	2,450.00	3,588.33	1.18	243200	Downward Expansion	-60	51
2025-04-18	2,300.00	3,580.67	-0.13	208600	Downward Expansion	-66	50
2025-04-11	2,430.00	3,587.00	10.10	351900	Downward Expansion	-64	49
2025-03-28	2,700.00	3,589.00	19.68	602800	Downward Expansion	-61	53
2025-03-21	2,380.00	3,582.00	11.71	231800	Downward Expansion	-69	53
2025-03-14	2,500.00	3,565.50	14.47	415600	Deceleration	-39	36
2025-03-07	2,600.00	3,521.50	18.75	412200	Rotation Down	-40	40
2025-02-28	2,730.00	3,471.50	34.15	508500	Rotation Down	-37	40
2025-02-21	3,300.00	3,417.17	52.35	739100	Rotation Down	-28	63
2025-02-14	2,510.00	3,344.83	21.48	653200	Rotation Down	-30	72
2025-02-07	2,840.00	3,298.83	37.53	1645800	Rotation Down	-25	49
2025-01-31	1,975.00	3,239.00	-7.59	873900	Rotation Down	-46	51
2025-01-24	2,430.00	3,202.50	13.87	1441900	Rotation Down	-17	26
2025-01-17	3,510.00	3,148.17	66.90	936200	Upward Expansion	26	23
2025-01-10	5,175.00	3,056.17	154.25	714800	Upward Expansion	68	53
2025-01-03	5,000.00	2,907.33	153.16	252300	Upward Expansion	65	52
2024-12-27	4,890.00	2,764.33	162.67	429100	Upward Expansion	62	53
2024-12-20	4,700.00	2,625.83	165.52	324500	Upward Expansion	60	53
2024-12-13	5,000.00	2,493.67	181.25	809300	Upward Expansion	60	54
2024-12-06	4,900.00	2,351.67	186.24	2068000	Upward Expansion	60	53
2024-11-29	4,500.00	2,216.33	185.81	1297400	Upward Expansion	63	62
2024-11-22	4,340.00	2,094.33	185.37	1474400	Upward Expansion	66	66
2024-11-15	4,050.00	1,978.00	179.99	1018100	Upward Expansion	68	70
2024-11-08	5,600.00	1,870.17	297.06	234300	Upward Expansion	89	96
2024-11-01	5,200.00	1,704.17	282.10	0	Upward Expansion	91	97
2024-10-25	5,200.00	1,549.83	296.21	490400	Upward Expansion	95	95
2024-10-18	4,760.00	1,401.00	283.72	467500	Upward Expansion	95	78
2024-10-11	2,980.00	1,268.50	161.91	383500	Upward Expansion	89	74
2024-10-04	2,340.00	1,196.17	114.63	328600	Upward Expansion	65	66
2024-09-27	2,360.00	1,145.33	114.97	933900	Upward Expansion	67	68
2024-09-20	2,220.00	1,094.83	104.36	1159500	Upward Expansion	69	89
2024-09-13	2,490.00	1,048.50	130.34	0	Upward Expansion	90	96
2024-09-06	2,490.00	994.33	136.97	0	Upward Expansion	98	99
2024-08-30	2,490.00	942.33	142.65	840800	Upward Expansion	99	98
2024-08-23	1,885.00	890.17	89.99	690700	Upward Expansion	98	83
2024-08-16	1,180.00	860.83	21.49	306800	Upward Expansion	85	94
2024-08-09	1,100.00	854.33	15.23	6300	Upward Expansion	69	89
2024-08-02	1,100.00	850.67	13.55	72900	Rotation Up	73	91
2024-07-26	1,130.00	843.17	16.26	91900	Rotation Up	64	87
2024-07-19	1,130.00	833.83	15.01	134300	Rotation Up	67	88
2024-07-12	1,045.00	823.50	4.96	173000	Rotation Up	53	69
2024-07-05	880.00	817.00	-11.74	21700	Rotation Up	14	20
2024-06-28	800.00	814.67	-18.67	15100	Downward Expansion	-42	26
2024-06-21	750.00	814.83	-22.91	8000	Downward Expansion	-58	55
2024-06-14	710.00	816.83	-26.87	1300	Downward Expansion	-64	68
2024-06-07	710.00	821.83	-30.30	16500	Downward Expansion	-65	61
2024-05-31	735.00	828.33	-30.27	10600	Downward Expansion	-56	35
2024-05-24	735.00	833.83	-34.05	200	Downward Expansion	-42	21
2024-05-17	740.00	836.50	-35.80	264800	Downward Expansion	-34	29
2024-05-10	840.00	850.67	-26.20	8300	Downward Expansion	-16	28
2024-05-03	840.00	843.83	-27.79	1100	Downward Expansion	-29	20
2024-04-26	850.00	854.17	-27.06	20300	Downward Expansion	-51	41
2024-04-19	815.00	869.17	-31.50	61800	Downward Expansion	-66	73
2024-04-05	620.00	885.50	-50.24	13100	Downward Expansion	-83	92
2024-03-29	570.00	910.83	-55.41	188900	Downward Expansion	-94	89
2024-03-22	735.00	939.00	-44.39	28600	Downward Expansion	-78	73
2024-03-15	785.00	962.00	-41.58	23800	Downward Expansion	-69	65
2024-03-08	810.00	983.17	-41.18	9700	Downward Expansion	-64	61
2024-03-01	815.00	1,002.83	-41.30	56700	Downward Expansion	-65	57
2024-02-23	845.00	1,022.33	-40.33	46700	Downward Expansion	-47	39
2024-02-16	830.00	1,038.33	-42.94	88900	Downward Expansion	-52	36
2024-02-09	865.00	1,062.17	-40.70	46400	Balance	-38	21
2024-02-02	930.00	1,082.83	-37.22	78000	Balance	-12	16
2024-01-26	925.00	1,102.33	-37.17	52100	Balance	-11	21
2024-01-19	1,005.00	1,119.17	-33.04	49200	Downward Expansion	-12	19
2024-01-12	985.00	1,135.50	-34.85	165500	Downward Expansion	-32	19
2024-01-05	990.00	1,158.83	-36.03	553800	Downward Expansion	-37	22
2023-12-29	875.00	1,190.17	-43.18	226900	Downward Expansion	-42	28
2023-12-22	850.00	1,224.50	-44.74	278800	Downward Expansion	-55	35
2023-12-15	820.00	1,255.67	-46.36	300700	Downward Expansion	-58	40
2023-12-08	850.00	1,288.17	-44.18	264200	Downward Expansion	-58	43
2023-12-01	810.00	1,318.00	-46.19	334600	Downward Expansion	-62	47
2023-11-24	805.00	1,347.00	-46.25	752100	Downward Expansion	-65	49
2023-11-17	810.00	1,378.00	-45.49	279700	Downward Expansion	-66	51
2023-11-10	860.00	1,405.33	-40.24	982800	Downward Expansion	-66	54
2023-11-03	905.00	1,439.33	-36.36	5911200	Downward Expansion	-62	53
2023-10-27	900.00	1,480.50	-35.81	5880400	Downward Expansion	-67	59
2023-10-20	815.00	1,520.50	-42.12	5656300	Downward Expansion	-79	72
2023-10-13	1,165.00	1,557.33	-17.61	6614600	Downward Expansion	-66	77
2023-10-06	635.00	1,579.17	-54.35	2259900	Downward Expansion	-98	97
2023-09-29	1,150.00	1,621.83	-17.80	290900	Downward Expansion	-84	83
2023-09-22	1,300.00	1,658.83	-7.31	438400	Downward Expansion	-70	69

Price vs TrendAbove+66.3%

Trend directionFalling-11.9%

Price vs current Fair ValuePremium+251.1%

Fair Value directionClosing upward+142.7%

Relative Strength vs benchmarkLeading+94.4%

Relative strength directionImproving+65.6%

Price momentumPositive+57.8%

Volume balanceDemand-led4.63×

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

54 / ±100

+93.2 points since 2026-08-28

Energy

82 /100

+51.6 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.

SINI Directional State ↗ SINI Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance16

Rotation Up82

Upward Expansion63

Deceleration16

Rotation Down14

Downward Expansion33

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 4%Rotation Up 11%Upward Expansion 30%Deceleration 14%Rotation Down 5%Downward Expansion 37%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Rotation Up	2026-09-04	2026-09-25	New	+26.2%
Downward Expansion	2026-06-19	2026-08-28	Developing	-7.2%
Balance	2026-05-29	2026-06-12	New	-21.1%
Deceleration	2026-03-06	2026-05-22	Developing	-6.1%
Upward Expansion	2025-09-26	2026-02-27	Established	+253.8%
Deceleration	2025-07-25	2025-09-19	Developing	+8.4%
Rotation Up	2025-05-30	2025-07-18	Developing	-29.8%
Downward Expansion	2025-03-21	2025-05-23	Developing	+55.5%
Deceleration	2025-03-14	2025-03-14	New	+0.0%
Rotation Down	2025-01-24	2025-03-07	Developing	+7.0%
Upward Expansion	2024-08-09	2025-01-17	Established	+219.1%
Rotation Up	2024-07-05	2024-08-02	Developing	+25.0%
Downward Expansion	2024-02-16	2024-06-28	Established	-3.6%
Balance	2024-01-26	2024-02-09	New	-6.5%

Classic Stage Analysis comparison

Stage 1 · Basing19

Stage 2 · Advancing44

Stage 3 · Distribution51

Stage 4 · Declining17

Legacy result: Stage 3 · Stage 3A · Churning. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^JKSE

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: 94.35
Relative Strength direction: Improving
Price momentum: +57.8%
Excess performance vs benchmark: +69.8%
Basic Materials regime cohort: 100th percentile28 in cohort

Test SINI trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.77×

Latest completed volume relative to typical participation.

Up/down volume4.63×

Participation balance between advancing and declining observations.

Accumulation / distribution4 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+50.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

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 SINI Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity IDR 15,801.67rising

Slow Activity IDR 10,846.98rising

Trend Reference IDR 11,006.38+66.3% close margin

Current Fair Value IDR 5,212.35+251.1% close margin

Structural low IDR 5,500.00shock / repair context

What changes the read?

Full positive ordering with expanding width confirms Upward Expansion. Loss of the fast/slow repair and renewed downside acceptance cancels it.

Range context +12.5%

Annualized volatility +147.4%

From structural high -4.7%

From structural low +369.2%

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 ^JKSE	Regime survived	Read
Near term	4	+8.5%-11.4% to +126.4%	+50.0%	+50.0%	+8.4%	+50.0%	Too little matched history
Intermediate	2	+74.0%-18.0% to +165.9%	+50.0%	+50.0%	+67.7%	+0.0%	Too little matched history
Extended	2	+298.0%+127.8% to +468.2%	+100.0%	+100.0%	+289.3%	+0.0%	Too little matched history
Full cycle	2	+217.0%+113.5% to +320.5%	+100.0%	+100.0%	+226.4%	+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.

SINI Stage Analysis

What the Activity Line geometry says now

The Activity Line structure is rotating upward.

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

Leading 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 Activity Line structure is rotating upward.

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 ?

Leading 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 ↗

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

RMI Reversal Map