Weekly structural research · LSE · Financial Services

SDLF Stage Analysis

Standard Life plc

Week ending 2 Oct 2026Close GBP 868.50Tenure NewBenchmark ^FTSE

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Deceleration · Recompressing

The upward structure remains, but its energy is decelerating.

Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down.

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

Direction 34−100 bearish to +100 bullish

Energy 22/100directional strength

Maturity 66/100lifecycle context

Confidence 89/100evidence agreement

Trend gate Upstructural direction

Activity structure Moderatecontracting separation

Price acceptance +0.0%position within the Activity structure

Fair Value context +39.8%GBP 621.44 · 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	868.50	820.30	10.64	16140531	Deceleration	34	22
2026-09-25	894.00	815.06	11.80	12120496	Deceleration	41	33
2026-09-18	903.28	810.81	13.80	14483619	Deceleration	44	40
2026-09-11	888.25	806.28	12.38	10305649	Upward Expansion	46	43
2026-09-04	904.25	801.28	12.90	8090703	Upward Expansion	52	55
2026-08-28	911.53	796.08	14.20	2816989	Upward Expansion	65	65
2026-08-21	892.62	790.33	12.21	2529796	Upward Expansion	67	67
2026-08-14	927.00	784.64	17.50	1234238	Upward Expansion	69	88
2026-08-07	941.50	778.41	18.02	1504206	Upward Expansion	86	95
2026-07-31	923.00	771.72	16.41	1915465	Upward Expansion	84	94
2026-07-24	916.50	765.71	17.39	1572743	Upward Expansion	89	96
2026-07-17	903.50	759.43	17.65	2213412	Upward Expansion	91	96
2026-07-10	868.50	753.59	14.61	1893828	Upward Expansion	83	92
2026-07-03	856.50	747.18	11.42	1156598	Upward Expansion	83	84
2026-06-26	836.50	741.70	10.79	3209167	Upward Expansion	79	70
2026-06-19	806.00	737.01	8.39	4421343	Upward Expansion	70	49
2026-06-12	791.00	732.14	5.35	1410972	Upward Expansion	65	41
2026-06-05	759.00	727.96	2.15	2205675	Upward Expansion	57	38
2026-05-29	776.00	725.24	4.02	14173946	Upward Expansion	60	49
2026-05-22	788.50	721.83	5.18	13049862	Upward Expansion	67	60
2026-05-15	773.50	718.17	6.00	15269748	Upward Expansion	62	62
2026-05-08	761.40	714.03	4.10	8685172	Upward Expansion	58	48
2026-05-01	762.60	710.81	3.02	9876199	Balance	48	39
2026-04-24	770.00	707.26	3.98	14802892	Balance	51	35
2026-04-17	761.60	702.74	0.18	14973951	Rotation Down	42	17
2026-04-10	703.00	699.25	-6.90	20028957	Rotation Down	-19	28
2026-04-03	705.23	697.35	-5.20	10974155	Rotation Down	-21	34
2026-03-27	663.25	696.16	-6.60	16092776	Deceleration	-33	41
2026-03-20	661.75	696.75	-6.33	22646900	Deceleration	-17	26
2026-03-13	690.74	697.82	-5.50	11502779	Upward Expansion	17	12
2026-03-06	711.23	697.78	-2.74	11328991	Upward Expansion	52	37
2026-02-27	766.71	696.70	-0.90	9717980	Upward Expansion	71	63
2026-02-20	767.21	693.16	1.56	7045378	Upward Expansion	77	56
2026-02-13	738.22	689.22	0.34	13319427	Upward Expansion	59	45
2026-02-06	748.21	686.14	2.78	8468490	Upward Expansion	70	52
2026-01-30	739.22	682.65	3.36	8802523	Upward Expansion	67	53
2026-01-23	721.72	679.58	2.05	9311195	Upward Expansion	65	69
2026-01-16	740.22	677.40	4.05	10618621	Upward Expansion	68	82
2026-01-09	740.72	674.63	5.64	9045398	Upward Expansion	73	83
2026-01-02	742.72	671.66	8.22	3935060	Upward Expansion	81	83
2025-12-26	728.22	668.55	7.36	3537120	Upward Expansion	75	76
2025-12-19	728.22	665.39	7.43	20515575	Upward Expansion	77	69
2025-12-12	676.24	662.20	2.67	10610840	Upward Expansion	50	39
2025-12-05	692.23	660.22	5.13	10367547	Deceleration	59	38
2025-11-28	695.73	657.57	5.35	12098429	Deceleration	62	33
2025-11-21	659.75	654.34	2.07	11783531	Deceleration	40	21
2025-11-14	665.75	651.92	1.54	12293423	Deceleration	48	32
2025-11-07	677.24	649.00	3.65	9764884	Deceleration	43	31
2025-10-31	673.74	644.64	3.02	8839844	Deceleration	39	24
2025-10-24	678.74	639.87	4.80	10473922	Deceleration	43	22
2025-10-17	649.25	636.25	3.63	17121398	Deceleration	10	10
2025-10-10	664.75	633.80	5.46	11613328	Deceleration	19	15
2025-10-03	656.25	629.09	3.66	11625274	Deceleration	21	21
2025-09-26	634.26	624.36	2.62	18601605	Deceleration	12	18
2025-09-19	656.98	620.46	7.10	14992653	Upward Expansion	37	21
2025-09-12	645.98	615.41	4.69	27724854	Upward Expansion	46	36
2025-09-05	669.47	610.95	9.38	12832693	Upward Expansion	64	59
2025-08-29	680.96	605.92	11.64	7859803	Upward Expansion	67	83
2025-08-22	693.95	600.61	12.35	8450446	Upward Expansion	81	86
2025-08-15	689.45	594.39	14.07	9122391	Upward Expansion	83	71
2025-08-08	678.96	588.26	13.17	12205733	Upward Expansion	80	63
2025-08-01	660.47	581.58	10.71	7507322	Upward Expansion	71	56
2025-07-25	648.98	576.56	8.43	6945391	Upward Expansion	52	51
2025-07-18	645.98	571.67	9.67	7641381	Upward Expansion	62	59
2025-07-11	643.49	566.80	10.08	13517779	Upward Expansion	65	70
2025-07-04	646.98	562.60	12.37	15743925	Upward Expansion	67	72
2025-06-27	656.48	558.39	14.59	8736945	Upward Expansion	71	78
2025-06-20	656.98	553.62	15.37	16636747	Upward Expansion	75	84
2025-06-13	651.48	548.60	13.84	10617646	Upward Expansion	75	77
2025-06-06	649.48	543.58	14.15	12996119	Upward Expansion	79	80
2025-05-30	633.49	538.26	12.64	14460117	Upward Expansion	75	84
2025-05-23	632.49	533.82	13.59	15786128	Upward Expansion	80	88
2025-05-16	617.01	529.60	11.64	11618931	Upward Expansion	76	86
2025-05-09	612.51	526.76	12.85	14918072	Upward Expansion	79	87
2025-05-02	599.02	523.45	10.17	11029497	Upward Expansion	78	77
2025-04-25	587.03	520.66	10.50	9774043	Upward Expansion	75	52
2025-04-18	578.04	519.93	10.99	13772078	Upward Expansion	75	62
2025-04-11	546.56	518.93	9.36	28895510	Rotation Up	60	65
2025-04-04	530.58	519.89	5.15	26668693	Rotation Up	35	59
2025-03-28	570.27	520.94	5.03	20566485	Rotation Up	53	70
2025-03-21	575.77	520.75	6.08	45138714	Rotation Up	57	61
2025-03-14	523.33	520.38	-3.42	21871746	Balance	-1	6
2025-03-07	514.34	521.35	-5.73	13268629	Balance	-11	7
2025-02-28	517.34	522.02	-6.78	13673818	Balance	-8	8
2025-02-21	505.36	522.38	-7.55	13560259	Balance	-17	14
2025-02-14	512.35	523.44	-7.25	11442324	Balance	-12	15
2025-02-07	518.34	524.14	-6.01	10494397	Balance	-11	13
2025-01-31	521.83	524.88	-5.22	9543011	Downward Expansion	-27	19
2025-01-24	507.35	525.43	-6.16	13806473	Downward Expansion	-52	37
2025-01-17	505.36	525.87	-6.80	10220847	Downward Expansion	-54	47
2025-01-10	478.79	526.19	-9.19	11525216	Downward Expansion	-75	64
2025-01-03	509.85	526.22	-3.26	5557504	Downward Expansion	-50	33
2024-12-27	502.36	525.58	-3.97	2389477	Downward Expansion	-45	25
2024-12-20	499.86	525.35	-3.89	10112437	Deceleration	-45	22
2024-12-13	517.34	525.42	-3.29	8028140	Deceleration	-8	9
2024-12-06	520.84	525.31	-2.90	12490982	Deceleration	-13	15
2024-11-29	513.34	525.27	-4.14	10335579	Rotation Down	-29	30
2024-11-22	506.35	525.45	-5.17	10003172	Rotation Down	-33	50
2024-11-15	500.86	524.71	-3.95	15918371	Rotation Down	-35	59
2024-11-08	489.78	524.02	-6.27	11803028	Rotation Down	-39	60
2024-11-01	500.36	524.45	-5.53	16125775	Balance	-30	48
2024-10-25	505.85	525.98	-5.39	11657648	Balance	-29	35
2024-10-18	531.82	527.50	-1.83	11426376	Balance	10	20
2024-10-11	513.34	527.37	-3.93	11288547	Upward Expansion	7	18
2024-10-04	515.34	527.03	-3.84	21042818	Upward Expansion	21	13
2024-09-27	565.01	526.82	4.92	10763436	Upward Expansion	62	44
2024-09-20	548.04	524.68	3.04	21549171	Upward Expansion	60	51
2024-09-13	575.49	523.17	7.57	8485213	Upward Expansion	73	74
2024-09-06	562.01	520.79	6.23	9093731	Upward Expansion	65	69
2024-08-30	564.51	518.32	4.23	10299423	Upward Expansion	70	66
2024-08-23	564.51	516.25	4.77	7192997	Upward Expansion	72	55
2024-08-16	552.53	514.79	2.73	7768463	Upward Expansion	67	39
2024-08-09	534.56	513.29	1.03	10298621	Upward Expansion	55	33
2024-08-02	528.07	512.47	-0.45	10937496	Upward Expansion	56	52
2024-07-26	537.06	512.12	-0.31	6966330	Upward Expansion	60	61
2024-07-19	533.56	512.02	0.42	7163947	Balance	57	56
2024-07-12	540.55	511.61	0.34	8756477	Balance	35	38
2024-07-05	538.05	510.85	0.28	13641001	Balance	20	16
2024-06-28	520.59	509.46	-2.70	23985497	Balance	-22	10
2024-06-21	515.10	507.74	-4.77	31731197	Balance	-40	34
2024-06-14	479.76	506.43	-10.53	15339162	Balance	-57	47
2024-06-07	490.54	506.75	-9.95	13830806	Balance	-21	18
2024-05-31	495.33	505.84	-9.77	24200241	Balance	-18	7
2024-05-24	502.12	505.05	-9.38	13610074	Balance	23	12
2024-05-17	514.10	503.13	-8.67	17392062	Balance	29	11
2024-05-10	519.59	500.82	-8.19	19714934	Balance	29	20
2024-05-03	518.59	498.94	-6.24	23155889	Balance	26	24
2024-04-26	484.15	497.19	-11.95	14291164	Balance	-2	13
2024-04-19	480.36	497.09	-10.34	23792526	Upward Expansion	13	11
2024-04-12	502.62	498.61	-7.65	30205155	Upward Expansion	49	52
2024-04-05	546.27	499.74	1.16	16849202	Upward Expansion	70	71
2024-03-29	551.36	498.56	1.50	20885723	Balance	76	67
2024-03-22	528.01	497.48	-2.59	23659087	Balance	62	39
2024-03-15	503.27	496.67	-4.91	17402574	Balance	29	14
2024-03-08	508.86	496.79	-3.29	10755236	Balance	25	12
2024-03-01	500.87	497.70	-5.44	10082763	Balance	26	17
2024-02-23	502.87	498.98	-5.74	14680801	Balance	-0	10
2024-02-16	503.87	500.54	-5.99	12855081	Balance	2	8
2024-02-09	488.10	502.14	-7.60	11586735	Balance	-6	10
2024-02-02	502.27	503.79	-5.82	17597753	Rotation Up	11	10
2024-01-26	520.63	504.55	-3.04	18355020	Rotation Up	21	19
2024-01-19	507.66	504.87	-3.63	10206871	Rotation Up	18	29
2024-01-12	510.05	505.57	-5.56	8214022	Rotation Up	23	49
2024-01-05	517.44	506.79	-5.32	6429748	Rotation Up	24	50
2023-12-29	534.00	508.12	-3.20	5959423	Balance	35	44
2023-12-22	521.23	509.16	-5.39	20387298	Balance	7	19
2023-12-15	517.84	510.27	-4.86	19228747	Downward Expansion	-7	12
2023-12-08	496.48	512.15	-8.83	12882767	Downward Expansion	-28	18
2023-12-01	468.75	514.73	-13.98	15083604	Downward Expansion	-38	23
2023-11-24	475.93	518.30	-12.56	10782196	Downward Expansion	-40	25
2023-11-17	489.40	522.11	-10.69	22486668	Downward Expansion	-46	34
2023-11-10	463.16	524.88	-14.18	13398503	Downward Expansion	-62	53
2023-11-03	471.54	528.55	-13.62	10449658	Downward Expansion	-65	72
2023-10-27	444.80	531.27	-17.35	10425226	Downward Expansion	-73	84
2023-10-20	444.60	534.61	-18.94	11201707	Downward Expansion	-79	85
2023-10-13	463.26	538.02	-18.09	16937179	Downward Expansion	-75	73

Price vs TrendAbove+5.9%

Trend directionRising+7.1%

Price vs current Fair ValuePremium+39.8%

Fair Value directionMoving away-5.5%

Relative Strength vs benchmarkLeading+10.6%

Relative strength directionWeakening-0.8%

Price momentumPositive+23.2%

Volume balanceSupply-led0.52×

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

34 / ±100

-17.2 points since 2026-09-04

Energy

22 /100

-33.3 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.

SDLF Directional State ↗ SDLF Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance43

Rotation Up20

Upward Expansion54

Deceleration94

Rotation Down28

Downward Expansion20

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

2023-10-13 to 2026-10-02 · 156 classified observations out of 156 shown.

Balance 22%Rotation Up 6%Upward Expansion 46%Deceleration 12%Rotation Down 5%Downward Expansion 10%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Deceleration	2026-09-18	2026-10-02	New	-3.9%
Upward Expansion	2026-05-08	2026-09-11	Established	+16.7%
Balance	2026-04-24	2026-05-01	New	-1.0%
Rotation Down	2026-04-03	2026-04-17	New	+8.0%
Deceleration	2026-03-20	2026-03-27	New	+0.2%
Upward Expansion	2025-12-12	2026-03-13	Established	+2.1%
Deceleration	2025-09-26	2025-12-05	Developing	+9.1%
Upward Expansion	2025-04-18	2025-09-19	Established	+13.7%
Rotation Up	2025-03-21	2025-04-11	New	-5.1%
Balance	2025-02-07	2025-03-14	Developing	+1.0%
Downward Expansion	2024-12-27	2025-01-31	Developing	+3.9%
Deceleration	2024-12-06	2024-12-20	New	-4.0%
Rotation Down	2024-11-08	2024-11-29	New	+4.8%
Balance	2024-10-18	2024-11-01	New	-5.9%

Classic Stage Analysis comparison

Stage 1 · Basing11

Stage 2 · Advancing100

Stage 3 · Distribution66

Stage 4 · Declining0

Legacy result: Stage 2 · Stage 2B · Advancing. 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

Leading benchmark

Architecture confirmation: 70/100
Current Relative Strength: 10.64
Relative Strength direction: Weakening
Price momentum: +23.2%
Excess performance vs benchmark: +22.9%
Financial Services regime cohort: 60th percentile42 in cohort

Test SDLF trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume2.77×

Latest completed volume relative to typical participation.

Up/down volume0.52×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 4

Recent participation evidence classified by demand and supply.

Activity alignment+75.0%

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 SDLF Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity GBP 887.27falling

Slow Activity GBP 863.38rising

Trend Reference GBP 820.30+5.9% close margin

Current Fair Value GBP 621.44+39.8% close margin

Structural low GBP 692.98shock / repair context

What changes the read?

Renewed positive order and expanding width produce re-acceleration; fast/slow failure with downside acceptance produces Rotation Down.

Range context +3.8%

Annualized volatility +18.1%

From structural high -8.4%

From structural low +37.1%

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 ^FTSE	Regime survived	Read
Near term	6	+2.6%-2.8% to +15.1%	+50.0%	+50.0%	+1.7%	+33.3%	Usable descriptive sample
Intermediate	4	+6.8%-6.3% to +21.8%	+50.0%	+50.0%	+2.5%	+0.0%	Too little matched history
Extended	4	+14.6%-18.1% to +34.8%	+75.0%	+75.0%	+7.8%	+50.0%	Too little matched history
Full cycle	2	+11.5%-10.0% to +32.9%	+50.0%	+50.0%	+0.5%	+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.

SDLF Stage Analysis

What the Activity Line geometry says now

The upward structure remains, but its energy is decelerating.

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 upward structure remains, but its energy is decelerating.

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 ↗

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