ASX showed a highly consistent uptrend over the past 40 weeks (analysis frame: 40w/4w), scoring an R² of 0.9432. R² measures how closely the price followed a straight logarithmic trend line — a score of 1.0 represents a perfectly linear rally with no deviation. The stock gained 170.6% over the lookback period, equivalent to an annualised return of 264.8%. As of week 2026-W16, ASX last traded at $27.60. Momentum modelling projects a strong continuation: the statistical exit target (Exit B, k=0.75σ) is +9.3% ($30.16) by May 16, 2026, with a stop-loss level at -9.3% ($25.04). This analysis was generated by StraightR, a momentum screening tool that ranks US equities by the linearity of their logarithmic price trend across multiple lookback frames (26w, 40w, 52w, 78w).