260 completed weekly observations ยท 25 Sep 2026

JPX ยท Equity ยท technical research

9658 Technicals

Business Brain Showa-Ota Inc.

Technology ยท Information Technology Services

Aligned upwardPrice-technical state

Week ending25 September 2026
+3.2%
Open
1,108.00
High
1,144.00
Low
1,107.00
Close
1,144.00 JPY
Open chart Market Dynamics Report โ†—
Research for 9658
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Price structureAligned upwardcompleted-week alignment
Momentum67.8Positive
Risk pressure3.4%Contained
Trend quality27.6Directional
Range position100%location inside observed range
Adaptive set6 viewsselected for the current tape

01 ยท Market Dynamics

Price and underlying support

Weekly close ยท published Market Dynamics
Upward price structure retains strong Market Dynamics support

Market Dynamics paused slightly this week and remains positive. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. The completed evidence supports the upward price structure.

Preparing Market Dynamics chart Checking the chart library, completed-week data and display size.
Weekly close Supportive Market Dynamics Cautious Market Dynamics Accumulation zone Distribution zone Positioning recovery Reversal warning Reversal danger
Current tape relationship
Extended but supported

Market Dynamics paused slightly this week and remains positive.

Price location
Distribution zone

Price is extended; support can persist, but rollover risk must be monitored.

Latest positioning marker
22 Nov 2024

The green dot marks a confirmed recovery where institutional positioning is most plausible.

Market Dynamics confirmation
Supported

The broader path remains constructive, so one softer week does not by itself establish weakening confirmation.

Chart contextPrice is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.

InterpretationThe advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.

Reading the zones and markers

The line shows completed weekly price. Market Dynamics describes the underlying support. Green marks a recovery through the accumulation zone; amber and red identify reversal warnings and danger. Price can stay in the distribution zone while advancing. Read the zones, markers and Market Dynamics together; they do not identify individual trades or prove who is participating.

02 ยท Technical indicators

A quieter range puts the next expansion in focus.

6 selected views ยท 156 observations

Price is above both trend references. Trend strength supports a persistent move. Use momentum and available participation or leadership to test whether the move gains support.

Fast trend reference 1,080.39 JPYClose +5.9%Slow trend reference 1,044.34 JPYClose +9.5%Selection adapts to the setup and available history.

Structure

Price and trend

Price1,144.00

Aligned upward. Price anchors every interpretation against the same completed observations.

Watch Watch whether price holds its trend references or begins to cross back through them.

Values and chart guide ยท 2026-09-25

Price is shown against fast and slow trend references with its current volatility envelope.

Close
1,144.00
Fast trend
1,080.39
Slow trend
1,044.34
Upper envelope
1,131.70
Lower envelope
951.50

Available history begins 2023-10-06. Missing observations remain gaps.

Structure

Trend strength and direction

Trend strength27.58

Directional trend. Trend strength helps decide how much weight to put on momentum extremes.

Watch Strength measures persistence, not direction. Compare positive and negative control before interpreting it.

Values and chart guide ยท 2026-09-25

Directional pressure shows which side controls the tape while strength remains direction-neutral.

Trend strength
27.58
Positive direction
37.33
Negative direction
17.48

Available history begins 2023-10-06. Missing observations remain gaps.

Momentum

Momentum change

Impulse expansion10.65

Positive impulse, strengthening. Acceleration can reveal a change before the broader price structure fully responds.

Watch A return through the neutral line deserves attention when trend and participation also change.

Values and chart guide ยท 2026-09-25

The impulse path separates directional acceleration from a loss of momentum.

Impulse
28.96
Signal
18.31
Expansion
10.65

Available history begins 2023-10-06. Missing observations remain gaps.

Risk

Range and volatility

Range pressure3.39%

Compressed range. Compression can precede a change in pace; direction still needs price confirmation.

Watch Watch whether a range expansion gains directional follow-through or quickly reverses.

Values and chart guide ยท 2026-09-25

Movement pressure and envelope width show whether risk is expanding, settling or compressed.

Range pressure
3.39
Envelope width
17.30

Available history begins 2023-10-06. Missing observations remain gaps.

Leadership

Relative strength

Relative strength-5.21

Lagging the benchmark. Price is advancing while relative strength lags; absolute gains and leadership differ.

Watch Watch whether relative strength confirms the absolute trend or continues to disagree.

Values and chart guide ยท 2026-09-25

Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.

Relative strength
-5.21

Available history begins 2023-10-06. Missing observations remain gaps.

Structure

Position in the recent range

Range position100.00%

Pressing the upper range. Range location is especially useful when a trend is not yet firmly established.

Watch Look for acceptance outside the range or a return toward its middle, supported by momentum.

Values and chart guide ยท 2026-09-25

Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.

Range position
100.00
From high
0.00
From low
25.30

Available history begins 2023-10-06. Missing observations remain gaps.

More indicators3 additional views from the same history

Risk

Drawdown and recovery

Drawdown-1.97%

Recovery still incomplete. Distance below the observed high separates recovery from an established new high.

Watch A recovery can improve while price remains below its former high. Track both parts of the path.

Values and chart guide ยท 2026-09-25

Capital impairment and recovery are shown together so return is not separated from path difficulty.

Drawdown
-1.97
Recovery
23.41

Available history begins 2023-10-06. Missing observations remain gaps.

Participation

Volume participation

Activity / norm110.20

Near normal activity. Activity tests the participation behind price; it does not identify who is buying or selling.

Watch Look for sustained participation in the direction of price, rather than a single busy observation.

Values and chart guide ยท 2026-09-25

Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.

Activity versus norm
110.20
Cumulative balance
126.08

Available history begins 2023-10-06. Missing observations remain gaps.

Momentum

Momentum

Momentum67.76

Positive pressure. Momentum helps test whether the latest price direction has follow-through.

Watch Watch for pressure to turn with price. A stretched reading alone does not establish a reversal.

Values and chart guide ยท 2026-09-25

Two independent momentum views show whether pressure is broadening, fading or stretched.

Momentum
67.76
Rotation
100.00
Rotation signal
77.14

Available history begins 2023-10-06. Missing observations remain gaps.

03 ยท Scenarios

Conditions to monitor

Possible developments ยท no assigned probabilities
Upward resolution

Price gains acceptance above the range

An advance has stronger context when momentum, participation and Market Dynamics improve together and price holds the new ground.

Continued rotation

Moves return inside the range

Momentum turns without lasting price progress. Keep the range boundaries in view until a direction persists.

Downward resolution

The lower range gives way

A break has stronger context when downside momentum builds and relative strength weakens. Check whether a following completed observation holds below the range.

Sharemaestro tape intelligence

SM gauge assessment

One assessment resolves price structure and Market Dynamics. The supporting views show the control, force, direction and confidence behind it.

100/100 evidence depth
observed participation included
Joint upward confirmation The gauges support the upward market view

Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.

SM Consensus Gauge+73.8

Joint upward confirmation

SM Control Gauge+76.3

Buyer control supports the view

SM Force Gauge+88.5

Upward commitment

SM Direction Gauge+60.3

Upward follow-through

SM Confirmation Gauge100/100

Strong support

SM consensus path ยท Market Dynamics display window

SM Consensus Gauge against price

The bars show the direction and strength of the resolved assessment. Completed price is retained as context.

Latest +73.8
Joint upward confirmation
Supportive consensus Cautious consensus Weekly close Neutral

Control

SM Control Gauge

Shows whether buyer or seller control supports the current assessment and whether that support is strengthening or easing.

Current controlBuyer control supports the viewRecent pathControl support is strengtheningLatest 12 months
Buyer controlSeller controlBalanced

Commitment

SM Force Gauge

Shows the strength of market commitment behind the current assessment.

Current forceUpward commitmentRecent pathBroadly stableLatest 12 months
Positive forceNegative forceActivity intensity

Direction and follow-through

SM Direction Gauge

Shows the directional follow-through behind the current assessment and whether it is established or still developing.

Current directionUpward follow-throughFollow-throughEstablishedLatest 12 months
Advancing directionDeclining directionFollow-through

Assessment strength

SM Confirmation Gauge

Shows how firmly the current assessment is supported. Greater assessment risk reduces the weight of the conclusion.

ConfirmationStrong supportAssessment riskContainedLatest 12 months
SM Confirmation GaugeAssessment risk

05 ยท Historical record

Evidence from previous conditions

Completed cases ยท open cases excluded from outcomes

9658 ยท current evidence

Current conditions

The advance retains underlying support while price structure and Market Dynamics remain intact.

1
NowSlightly easier this week

Market Dynamics paused slightly this week and remains positive.

2
Recent directionStrengthened over four weeks

The broader path remains constructive, so one softer week does not by itself establish weakening confirmation.

3
Price responsePrice structure is upward

Price is responding in the same broad direction as Market Dynamics.

4
Previous cases68.2% moved higher

After 12 weeks across 22 cases. Average move: 5.2%.

What strengthens this viewThe advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.What would change itReassess the reading when either price structure or the Market Dynamics state changes materially.

Completed observations

Historical comparisons

Zone visits are counted once and followed through completed weekly closes. Open cases remain separate.

Price relationship Meaningful relationship
Same-week correlation
0.39
Direction agreed
51.2%
Completed comparisons
254
After accumulation4 distinct visits
4 weeks75.0% higher4 outcomes 12 weeks75.0% higher4 outcomes 26 weeks50.0% higher4 outcomes

Average time before leaving the zone: 5.0 weeks.

After distribution2 distinct visits
4 weeks100.0% lower1 outcome 12 weeks100.0% lower1 outcome 26 weeks100.0% lower1 outcome

Average time before leaving the zone: 12.0 weeks.

When the two readings agreed or differed

Completed outcomes by condition

These cases compare price direction with Market Dynamics and show how large disagreements were resolved.

Price higher ยท Market Dynamics positive 68.2% were higher

Average 12-week move: 5.2% from 22 completed cases.

Price lower ยท Market Dynamics negative 35.7% were lower

Average 12-week move: 2.9% from 14 completed cases.

Price higher ยท Market Dynamics cautious Average pullback 6.6%

46.7% were lower after 12 weeks. The deepest pullback arrived after 5.3 weeks on average.

Price cautious ยท Market Dynamics positive Average recovery 12.4%

65.0% were higher after 12 weeks. The strongest recovery arrived after 7.1 weeks on average.

How to use the reading

Strategy observations from this ticker's own record

The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.

Trend participation
Let confirmation support the position, then manage extension

In this ticker's completed record, 68.2% of comparable cases moved higher after 12 weeks, with an average move of 5.2% across 22 cases.

ApproachThis is most useful for holding or selectively adding to an established upward case. Risk should still tighten as price becomes extended; confirmation is support, not immunity from reversal.

Review the case whenReassess the reading when either price structure or the Market Dynamics state changes materially.

Zone positioning
Use distribution to protect capital before considering the short case

After distribution, 100.0% of completed 12-week outcomes were lower across 1 cases. Distinct visits lasted 12.0 weeks on average before leaving the zone.

ApproachReview long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.

Review the case whenA sustained repair in price and Market Dynamics invalidates the downside setup.

Disagreement playbook
Use improving Market Dynamics to prepare, not anticipate

Comparable disagreements produced an average recovery of 12.4% across 20 completed cases, with the largest move arriving after 7.1 weeks on average.

ApproachDefine the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.

Review the case whenThe early repair fails if Market Dynamics fades before price responds.

Historical outcomes describe this ticker's completed record. They do not make the next move certain and are not trading instructions.

Readings describe completed observations. A strong reading is not a forecast, and historical outcomes are not probabilities for the next move. The full record, related research and technical pack remain available for closer review.

Technical research pack โ†—

Evidence context