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Weekly closes ยท AUD
Market context
Stage
4 ยท Stage 4B ยท Declining, as of 21 Aug 2026
Sentiment
50 ยท As of 17 Sep 2026
RS
-19.91
Dynamics
0.26
Fair value gap
-35.1%
Week range
0.003โ0.003
Weekly Chart PackCompleted weekly market data ยท Independent research
ASX ยท Equity ยท Australia
MSI
Multistack International Limited
IndustrialsSpecialty Industrial Machinery
Multistack International Limited markets and distributes industrial air conditioning equipment primarily in Australia. The company distributes and services Multistack water and air-cooled water chillers for use in commercial air-conditioning and process cooling applications. It also markets and distributes Organic Rankine Cycle technologies and products; oil-free chillers, VSD screw chillers, scroll and screw chillers, and turbo expanders, as well as distributes heat exchangers. The company was incorporated in 1989 and is based in โฆ
Last updated
11 Sep 2026
Exchange
ASX ยท ASX
Sector
Industrials
Industry
Specialty Industrial Machinery
Currency
AUD
Market capitalisation
408,912
Fair value reference
0.004622
Next-week expectancy
Negative ยท 8.23%
Executive chart read
Over the latest 12 completed weeks ending 2026-09-11, MSI was broadly unchanged, moving from 0.00 to 0.00. The latest weekly close is below the Trend Line and below Fair Value. Trend Signal is inactive on the latest week and was active in 0 of the last 12 weeks. Relative Strength is -19.91 and has improved across the 12-week window. Market Dynamics is 0.26 on the latest week. Next-week expectancy is negative at 8.23% based on similar historical setup states.
Week Ending
11 Sep 2026
Latest Close
0.00
12-Week Change
0.00%
Trend Signal
Inactive
Next-Week Expectancy
Negative 8.23%
Signal Weeks
0 of 12
Weekly Chart Terminal
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Weekly Trend
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Weekly Close
Trend Line
Fair Value
Activity LinesDirection Line
Analysis panels
Choose up to 6 panels. Drag panel headers to reorder.
Price Sponsorship Indicator
What it is
Price Sponsorship Indicator PSI
PSI compares the weekly price move with the market activity behind it. It shows whether price has broad support or whether that support is weakening.
Current completed-week read ยท 2026-09-11
Support has broken down
Price and PSI are weakening together. An improvement in the bars would be the first sign of recovery.
PSI score
18/100
16 completed weeks
Recent support
-54
Strong
Readings pointing the same way
100%
Activity is weighing on price
What it shows
Price and the support behind it
The navy line is price. Green and red bars show support. The coloured trend lines show positive, negative or possible change.
01Support buildsGreen bars rise above zero.
02Price confirmsPrice rises with positive bars.
03Support holdsPositive bars remain with price.
04WarningBars weaken before or with price.
PricePositive trendNegative trendPossible changeStrong supportPositive supportWeak support
What it shows
Is this move specific to the ticker or shared by the market?
This compares the ticker's PSI reading with how widely stocks on its exchange are moving together. It does not change PSI.
Stocks moving together60/100
Broad pressure high ยท more together
Ticker and market
Ticker weakness matches broad market weakness
PSI is weak and the wider market is moving together under pressure.
PSI
-64.0
Market togetherness
60/100
Ticker supported, market mixed
Positive PSI without a strong shared market move.
Ticker supported, market moving together
Positive PSI within a strong shared market move.
Ticker weak, market mixed
Weak PSI without matching broad market weakness.
Ticker weak, broad market weak
Weak PSI within a strong shared market decline.
Current context
Second check
Does Market Dynamics agree?
PSI shows support for the price move. Market Dynamics provides a separate check on whether conditions beneath price point the same way.
What it shows
Market Dynamics is positive; PSI remains weak
Market Dynamics is positive, but PSI has not confirmed the improvement.
Current reading
+0.26
Four-week change
+0.84
Adaptive Price Envelope
Price, volatility and confirmation
Adaptive Price Envelope APE
See where price sits inside boundaries that adjust to completed-week direction and volatility, then check whether the wider evidence confirms the move.
Current completed-week read ยท 2026-09-11
Price is below the adaptive centre
The completed weekly close is on the lower side of the envelope. A centre recovery and improving confirmation would be the first signs of repair.
Use the envelope for price location and Market Dynamics to see whether support beneath price is strengthening or weakening.
Supportive Market DynamicsCautious Market DynamicsNeutral line
APE and support read
Support is improving beneath lower-envelope price
Price remains on the lower side of APE, but Market Dynamics is constructive. This is an early repair condition rather than confirmation until price responds.
Current reading
+0.26
Four-week change
+0.84
Current path
Strengthening
Confirmation checks
What supports or challenges the current read
A band touch is context, not a conclusion. These independent checks show whether the completed-week move has broader support.
Envelope pathCautious37% of the envelope
Price location and the direction of the adaptive centre are read together.
Trend LineCautiousBelow and falling
Checks whether completed-week price and the primary trend are moving in the same direction.
Market DynamicsSupportive+0.26 ยท +0.84 over 4 weeks
Tests whether support beneath price is strengthening or weakening.
Relative strengthMixed-19.9 ยท +6.3 over 4 weeks
Shows whether the listing is strengthening or weakening against its stored comparison benchmark.
ParticipationMixed0.00ร recent volume
Checks whether the current move is attracting more participation than recent completed weeks.
Completed-week analysis
How to interpret this envelope now
Price position
Below the adaptive centre
The latest close sits at 37% of the current lower-to-upper envelope span and has held this state for 10 completed weeks.
Envelope width
Envelope width is typical
Current width ranks at the 38th percentile of the recent completed-week history. Compression can precede expansion but does not determine direction.
Evidence agreement
Partial confirmation
60% of the available trend, support, relative-strength and participation checks agree with or do not contradict the current envelope pressure.
What to watch next
Persistence, repair or rejection
Watch completed closes around the adaptive centre (0.00), upper boundary (0.00) and lower boundary (0.00).
Recent completed events
What changed around the envelope
Lower repair
Price moved back inside the envelope after a lower break.
Compression release
The envelope began expanding after an unusually compressed period.
Lower-envelope break
Price closed beneath the adaptive lower boundary.
Lower repair
Price moved back inside the envelope after a lower break.
Lower-envelope break
Price closed beneath the adaptive lower boundary.
Upper re-entry
Price moved back inside the envelope after an upper break.
Price Action
Completed weekly market tape
Price Action
A deep view of how price is behaving against its own completed history, trend, structural levels and participation.
Current weekly interpretationRange-bound structure with indecisive week
Recent completed price swings are mixed, with neither side establishing a clean sequence. Price is below its completed-week trend reference and that reference is falling.
Full context ยท Mixed confirmation
Current structureRange-bound structure
Recent completed price swings are mixed, with neither side establishing a clean sequence.
Trend relationshipBelow a falling trend
Price is below its completed-week trend reference and that reference is falling.
Support and resistanceSupport 0.003 ยท Resistance 0.003
Nearest completed structural references around the latest close.
Participation qualityParticipation unavailable
A dependable completed-week activity comparison is not available for this market.
Price, structure and participation
Where price advanced, failed, reclaimed or lost important ground
Candles preserve the completed weekly tape. Selected annotations identify meaningful finished events and point directly to the week concerned.
Up weekDown weekTrend referenceCompleted supportCompleted resistanceVolumeTypical volumePublished event
What happened this week?
The latest completed candle
The latest week is separated into price change, candle character, closing position and path quality.
Weekly move+0.00%
Latest close versus the preceding completed close.
Candle characterIndecisive week
The open and close finished close together, showing limited control by either side.
Where the week closedMiddle of the range
The close finished at 50% of the completed weekly range.
Path qualityMixed confirmation
Recent price structure and the longer trend relationship are not fully aligned.
Current evaluation
What the weekly tape says now
The interpretation combines completed price structure, trend relationship, participation and path quality.
What supports it
Recent completed price swings are mixed, with neither side establishing a clean sequence.
What would improve it
A sustained close above the nearest completed resistance, supported by firmer participation, would improve confirmation.
What could weaken it
A sustained loss of the nearest completed support would materially weaken the current price structure.
What to watch next
Trend relationship is below a falling trend; participation is participation unavailable, and path quality is mixed confirmation.
Statistical perspective
Where the latest close sits in its own completed history
These observations describe the available record. They are market context, not predictions of the next move.
Position in completed history0% of range
The latest close's location between the lowest and highest completed closes available for this market.
Distance from completed high-96.4%
How far the latest close sits below the highest completed close in the available history.
Recovery from completed low+0.0%
How far the latest close has advanced from the lowest completed close in the available history.
Latest move versus typicalComparison developing
The absolute latest weekly move compared with completed weekly moves available before it.
Completed event history
What changed, and when
Only selected completed events are shown. Each annotation is descriptive, not a standalone instruction.
Support structure lost
The weekly close moved below the preceding completed price structure.
29 weeks ago
Trend lost
The weekly close moved below the completed trend reference.
33 weeks ago
Trend reclaimed
The weekly close moved back above the completed trend reference.
45 weeks ago
High-participation reversal
Price changed weekly direction with elevated participation.
50 weeks ago
Range
Sharemaestro Range
Where price is trading
The fitted range, accepted trading area and strongest price levels are calculated automatically from completed weekly market data.
Current stateInside accepted value
52-week position
0.0%
Low to high
Accepted price
0.00
Latest versus accepted: 0.00%
Fitted direction
Falling
-0.97% per week
Range pressure
22/100
Lower pressure
Range condition
Normal
1.00ร normal range
Range pressureCurrent range pressure ยท 50 is balanced
Weekly closeFitted rangeActivity ribbonTime at priceAutomatic level
Automatic structure
Strongest price levels
Current pivot0.00
From price
33.3%
Evidence
87/100
Touches
113
Current reading
What the range shows
Current positionInside accepted value
Price is at 0.0% of its latest 52-week range.
Fitted directionFalling
The fitted centre line is moving -0.97% per week.
Range pressureLower pressure
The current pressure reading is 22/100; 50 is balanced.
Point & Figure
Price structure ยท volume at price
Point & Figure market structure
Each X marks a rising price box and each O marks a falling price box. Time is removed from the horizontal scale so reversals, breakouts and areas of heavy trading stand out.
MethodAdaptive scale
Smart Money
Completed-week positioning evidence
Smart Money
See whether the support beneath price is strengthening, weakening, confirming the trend or warning of increased risk.
Current Smart Money readA repair is developing beneath price
The latest path is improving, but broader confirmation is not yet complete.
Momentum 0.14 ยท Improving
Trend qualityRepairing
The current trend state has persisted for 52 completed weeks; visible confirmation is repairing.
Momentum pathWeak ยท Improving
The latest completed-week level and direction.
Latest positive signalNo recent positive signal
The chart is carrying context rather than a fresh positive event marker.
Risk and warningsNormal
Earlier warnings are outside the recent completed-week window.
Price, support and published events
Where confirmation strengthened or risk increased
Selected annotations highlight meaningful completed-week events; every existing chart series and marker remains visible.
Close Price
Trend Line
Demand Threshold Line
Reversal Risk Level
Current evaluation
What the Smart Money chart means now
The reading combines the finished chart state, its direction and the timing of published signals.
What supports it
Momentum is improving, providing an early sign of repair beneath the current price path.
What would improve it
Broader agreement between price, trend and the completed-week support state would strengthen the case.
What could weaken it
There is no fresh positive event marker, so the current reading depends on continued confirmation rather than a new signal.
Published signal history
What changed, and when
Event markers are observations, not standalone instructions to buy or sell.
Reversal danger
The chart registered its strongest reversal warning.
122 weeks ago
Reversal risk
The chart registered elevated reversal risk.
123 weeks ago
Market Dynamics
Price and underlying support
Market Dynamics
See whether the support beneath price is strengthening, weakening, confirming the move or beginning to diverge from it.
Zero lineMarket Dynamics Rate of ChangePrice ActionVolume ActionFlip UpFlip Down
Price and support relationship ยท 12 completed weeks
Market Dynamics is improving ahead of price
Price is +0.0% across this view and is in the lower part of its stored price range, while Market Dynamics is 0.26 after a +0.84 change over the latest 4 completed weeks. Support is improving before price has provided the same confirmation.
Latest 4 weeks in focus
Price change from 2026-06-26Market DynamicsLatest 4 completed weeks
Zone-to-zone journey model
At accumulation for 34 completed weeks
The accumulation reading is confirmed. An upward exit starts the next journey toward distribution.
Current journey
No active journey
Activated
Not active
Model data
Through 2026-08-21
What Market Dynamics shows
Yes. Market Dynamics follows the completed-week transition between the two sides of a market cycle. Accumulation is the lower zone where selling pressure may be absorbed and support may be forming; distribution is the upper zone where earlier demand may be tiring and supply can begin to take control. The model measures both accumulation to distribution and the reverse journey, and waits for a deeper close or repeated closes before treating a new zone as confirmed. MSI is currently in the accumulation area, but a new transition does not begin until price leaves a confirmed zone. For an investor, the value is in separating an apparent price move from a completed change in market character: target confirmation can strengthen the case that a new phase is taking hold, while a confirmed source return warns that the attempted change did not persist and the risk/reward should be reassessed. The completed journeys below show how 2 transitions in this ticker's stored history reached and confirmed the opposite zone.
Accumulation 0.004348Distribution 0.0117
A dark-zone close or two consecutive light-zone closes confirms residence. A completed close moving out of confirmed accumulation starts a journey toward distribution; an exit from confirmed distribution starts the reverse journey. Time in each zone is retained before the next transition begins.
What actually happened before?
Successful zone transitions
Target-confirmed opposite-zone transitions from the latest 156 charted weeks.
Most recent successful journeyDistribution to Accumulation ยท Confirmed accumulation
2024-05-17โ2024-07-19 ยท 10 completed weeks ยท price move -55.6%. Across this chart, 2 journeys confirmed an opposite zone: 1 reached distribution and 1 reached accumulation.
0% ยท confirmed source exit100% ยท confirmed opposite zone
Distribution to AccumulationConfirmed accumulation
2024-05-17โ2024-07-19 ยท journey 10w ยท source dwell 2w
Source exit50%Target confirmed
Furthest point
100%
Price move
-55.6%
Time to confirm
10w
Reached and confirmed accumulation after 10 completed weeks. Price moved -55.6% from the confirmed source-zone exit.
Accumulation to DistributionConfirmed distribution
2024-05-03โ2024-05-03 ยท journey 1w ยท source dwell 4w
Source exit50%Target confirmed
Furthest point
100%
Price move
+0.0%
Time to confirm
1w
Reached and confirmed distribution after 1 completed week. Price moved +0.0% from the confirmed source-zone exit.
Price Cycle
Completed-week market perception
Price Cycle
A deep view of whether price pressure is strong, weak, strengthening, fading or moving through a higher-risk transition.
Current Price Cycle readWeak pressure is repairing, but remains negative
Price is holding a weak market-perception position. Weak pressure is receding across the recent completed path.
-35.09% ยท Negative ยท Recovering
Market positionNegative
Price is holding a weak market-perception position.
Pressure directionRecovering
Weak pressure is receding across the recent completed path.
Trend qualityOrderly
The completed path has progressed with relatively consistent direction.
Risks and warningsNormal
No elevated completed-week pressure warning is active.
Pressure, price and published transitions
Where market perception strengthened, faded or changed state
The percentage reading is primary. Weekly close is retained only as market context; selected annotations identify meaningful completed transitions.
Market PerceptionPositive pressureNegative pressureWeekly CloseBalanceCrossed upCrossed downPublished transition or Price Action signal
Current evaluation
What the Price Cycle says now
The evaluation combines the finished pressure state, its direction, persistence and historical context.
What supports it
Negative pressure is receding, which keeps a repair path open.
What would improve it
A sustained recovery toward balance, followed by positive pressure, would strengthen the reading.
What could weaken it
A turn lower in the pressure path or a loss of balance would weaken the current interpretation.
What to watch next
The latest path is recovering with orderly trend quality. Comparable history is mixed follow-through.
Statistical perspective
How unusual, persistent and historically consequential is this position?
Historical observations describe completed evidence. They do not predict the next price move.
Historical positionUpper 45% of history
The latest reading is stronger than 55% of completed observations.
State persistence231 completed weeks
The current negative state has persisted without interruption.
Comparable historyMixed follow-through
Across 138 comparable completed observations, later closes were higher 17% of the time; the typical move was +0.0%. This is context, not a forecast.
Published transition history
What changed, and when
Transitions are completed observations, not standalone instructions to buy or sell.
Recovery began
Negative pressure remained, but the completed path began to repair.
11 weeks ago
Elevated strength
Positive pressure entered an historically strong position.
21 weeks ago
Recovery began
Negative pressure remained, but the completed path began to repair.
25 weeks ago
Price Action signal
A completed Price Action signal was published from a weak market-perception position.
61 weeks ago
Elevated strength
Positive pressure entered an historically strong position.
72 weeks ago
Price Action signal
A completed Price Action signal was published from a weak market-perception position.
89 weeks ago
VWAP Control
Completed-week volume-weighted structure
VWAP Control
Shows price against its completed-week volume-weighted references, changes in control and the levels that would confirm or weaken the current reading.
Current controlSeller control developing
Price is below the core VWAP, which is broadly flat. 50% of recent weighted activity has been accepted above it.
25/100 pressure
ControlSeller control developing
Pressure 25/100 and +12.2 points over four weeks.
VWAP stack0 of 6 below price
2 references converge near 0.00: 13-week VWAP, Swing high.
Acceptance50% above
Share of recent completed weighted activity accepted on the prevailing side of the core VWAP.
Weekly close13-week VWAP26-week VWAP52-week VWAPHigh-activity anchorNormal VWAP rangePositive transferNegative transfer
Control backgroundBuyer controlContestedSeller control
Seller control50 ยท contestedBuyer control
Current VWAP signals
Control, agreement and concentration
Seller control developing
Seller control developing
The current position, VWAP direction and completed acceptance evidence broadly agree.
Price and VWAP pressure broadly agree
No material six-week disagreement is present between price direction and VWAP control.
VWAP cluster present
2 references converge near 0.00: 13-week VWAP, Swing high.
Confirmation and failure levels
Levels that change the current reading
Confirmation0.00
A completed close above 13-week VWAP with pressure holding above 60 would strengthen buyer control.
Decision area0.00
13-week VWAP at 0.00, 0.0% above the latest close.
Weakening level0.00
A completed loss of the core VWAP with pressure below 40 would strengthen seller control.
Current VWAP stack
Volume-weighted price levels
13-week VWAP0.00
+0.00% from close
Swing high0.00
+0.00% from close
26-week VWAP0.00
+7.26% from close
Year VWAP0.00
+14.71% from close
52-week VWAP0.00
+26.28% from close
High-activity anchor0.00
+26.28% from close
Estimated activity position
Activity above and below price
Below price 0%Above price 100%
0%near price
A notable share of recent weighted activity remains above price and may act as overhead supply.
Estimated from completed weekly typical prices and reported activity; it is not holder-level cost-basis data.
Benchmark, sector and industry
VWAP control comparison
Sector and industry comparisons require at least ten constituents with aligned completed history.
Benchmark ยท ^AXJOWeaker control than reference
Weaker control than reference; control-score gap -22.1 points.
Control is contested ยท 47/100
Sector ยท IndustrialsWeaker control than reference
Weaker control than reference; control-score gap -30.4 points.
Control is contested ยท 56/100
Historical VWAP outcomes
Reclaims, losses and similar states
Descriptive outcomes from this ticker's visible historyโnot a forecast.
Weekly reclaim0% favourable
Events
5
Median 4w
-16.67%
Median 13w
-20.00%
Typical best
+0.00%
Typical worst
-20.00%
Completed occasions when price moved back above the core VWAP.
Weekly loss17% favourable
Events
6
Median 4w
+0.00%
Median 13w
+25.00%
Typical best
+25.00%
Typical worst
+0.00%
Completed occasions when price moved below the core VWAP.
Comparable control states47 matched weeks
Positive after 4w
28%
Median 4w
+0.00%
Positive after 13w
51%
Median 13w
+25.00%
Best / worst 13w
+50.0% / -25.0%
Outcomes after completed weeks with a similar control score and the same side of the core VWAP.
VWAP control history
Completed changes
VWAP structure turned lower
The fast VWAP crossed below the core VWAP.
Core VWAP lost
Price completed the week below the core VWAP.
VWAP structure turned higher
The fast VWAP crossed above the core VWAP.
Core VWAP reclaimed
Price completed the week back above the core VWAP.
VWAP structure turned lower
The fast VWAP crossed below the core VWAP.
Core VWAP lost
Price completed the week below the core VWAP.
Core VWAP reclaimed
Price completed the week back above the core VWAP.
Core VWAP lost
Price completed the week below the core VWAP.
Next-State Map
Next-State Map
Historical one-week transition paths from similar completed-week states.
SMI
Proprietary completed-week evidence
SMI
See whether the underlying conditions beneath price are strengthening, weakening or holding firm.
Current SMI readUnderlying support remains weak and requires repair
Price and SMI are not presenting a decisive combined message. The latest reading is based on completed weekly evidence.
0.00 ยท Weak
Current stateWeak ยท 0.00
Latest completed-week SMI reading
DirectionWeakening
How the completed SMI path is changing
PersistenceEstablished
9 completed weeks in the current state
Price relationshipMixed relationship
Price and SMI are not presenting a decisive combined message.
Price and SMI transitions
Where underlying support changed
Annotations identify selected completed SMI state changes.
Weekly CloseTrend LineFair ValueActivity Lines
SMI pathDirection, persistence and turning points
SMI 0.00 ยท Weak
ImprovingHolding steadyWeakening
SMI in context
Comparable SMI states have carried a cautious historical bias
Across 54 comparable completed observations, 5.6% closed higher after 13 weeks. The median move was -18.8%.
Comparable observations
54
Completed historical readings
Positive outcomes
5.6%
After 13 completed weeks
Median move
-18.8%
Over the following 13 weeks
Versus normal baseline
-24.2 pts
Difference in positive outcome rate
Chart Summary
Key Points
Week Ending
11 Sep 2026
Latest Close
0.00
12-Week Change
0.00%
Trend Signal
Inactive
Next-Week Expectancy
Negative 8.23%
Signal Weeks
0 of 12
Vs Trend Line
Below
Vs Fair Value
Below
Relative Strength
-19.91
Market Dynamics
0.26
Over the latest 12 completed weeks ending 2026-09-11, MSI was broadly unchanged, moving from 0.00 to 0.00. The latest weekly close is below the Trend Line and below Fair Value. Trend Signal is inactive on the latest week and was active in 0 of the last 12 weeks. Relative Strength is -19.91 and has improved across the 12-week window. Market Dynamics is 0.26 on the latest week. Next-week expectancy is negative at 8.23% based on similar historical setup states.
Industry Peers
Australia equities in Specialty Industrial Machinery
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