Possible bearish Wave 2 crest is the highest-ranked admissible strategic count; cycle status is mixed.
CBOE · Technology · Weekly research
CATG Elliott Wave report
Capstone Technologies Group Inc
Current structure
Needs more weekly history
20/100 setup score
21/100 data quality
The setup score is a rules-based composite, not a probability or price forecast.
Investment view
Based on weekly closing prices
What the current structure is saying
Setup lifecycle
Watching
The lifecycle separates an interesting setup from price confirmation, an active thesis, maturity and invalidation.
A weekly close through 12.64, supported by an FLD cross and improving relative strength.
The underlying directional structure fails beyond 14.91; a forming endpoint can extend before that happens.
The active endpoint can move until its reversal is confirmed; earnings, gaps and volatility can jump through technical levels.
The picture behind the setup
Weekly wave structure and decision levels
Filled markers are confirmed pivots; the outlined marker is still forming. Decision lines show where the primary interpretation confirms or fails.
Close
30-week trend
Fair Value
Confirm
Directional failure
Scenario comparison
How the valid counts compete
Pre-emptive downside check
29/100Contained
This is a pre-emptive vulnerability checklist, not a probability of decline. It rises when mature wave structure, overextension, cycle rollover, count instability and event risk cluster before price breaks down.
Current read
The closing-price swing map is classified as needs more weekly history. 0 of 3 available confirmation measures are constructive.
0 constructive · 2 neutral · 1 weak
Evidence to look for next
- A weekly close through 16.52, the nearest confirmed swing high.
- Cycle pressure and the 20/40-week rhythms continuing to rise together.
- Relative strength and market activity remaining above neutral.
Nearest confirmed structure level
USD 16.52Confirmed on 2026-06-26. Treat this as a structure reference, not an automatic trading level.
4-week return
-21.9%
13-week return
-
26-week return
-
52-week return
-
From 52-week high
-32.6%
26-week volatility
58.0%
Wave structure
Price, trend and the active swing
The chart uses a 7.3% closing-price reversal threshold. Filled markers are confirmed pivots; the outlined final marker is still forming.
Primary admissible count
100% evidence weight
Possible bearish Wave 2 crest
Counts must pass hard Elliott geometry rules. Fibonacci relationships, alternation and cycle evidence rank admissible interpretations; evidence weights compare scenarios and are not forecast probabilities.
Confirm 12.64
Invalidate 14.91
Count stability Unavailable · 0/100
PassWave 2 protects the Wave 1 originOrigin 14.91; Wave 2 12.91.
GuidelineWave 2 retracement is proportionateRetraced 12% of Wave 1.
Strategic degree uses a 11.7% weekly closing-price reversal threshold.
Primary degree uses a 7.3% weekly closing-price reversal threshold.
Tactical degree uses a 5.1% weekly closing-price reversal threshold.
4 weeks · Forming
No lower pivot in the current window
Pivot from 2026-06-26
Not available
Price is -9.6% from Fair Value
0.20 low · 19.15 high
Cycle timing
Are the main rhythms moving together?
Nominal cycles are starting bands, not fixed clocks. Each period adapts to the strongest nearby repeat in detrended weekly prices; projected turns are future intervals and require price confirmation.
Current medium-term pressure direction
50/100 constructive · 50/100 risk
Timing estimate, not a dated forecast
Timing estimate, not a dated forecast
Cycle pressure
Above zero is positive pressure; direction matters more than the absolute number.
Multi-cycle rhythm
The thick line is the blended reading; thinner lines show 20, 40 and 80-week components.
Nominal / estimated10w / 10w
Current phaseNeutral
Period evidence0/100
FLD confirmationCrossed Down
Since last trough-
Future trough interval-
Nominal / estimated20w / 20w
Current phaseWarming
Period evidence0/100
FLD confirmationUnconfirmed
Since last trough-
Future trough interval-
Nominal / estimated40w / 40w
Current phaseWarming
Period evidence0/100
FLD confirmationUnconfirmed
Since last trough-
Future trough interval-
Nominal / estimated80w / 80w
Current phaseWarming
Period evidence0/100
FLD confirmationUnconfirmed
Since last trough-
Future trough interval-
Confirmation
33% confirmation alignment
Does price behaviour support the wave count?
Each measure answers a different question. Agreement across several measures is more useful than one strong reading in isolation.
Trend
Unavailable
The 30-week trend line is not available.
Cycle pressure
Falling
The medium-term pressure curve is not rising.
Cycle alignment
Mixed
Cycle lengths are not moving in one clear direction.
Relative strength
Unavailable
The reading is neutral or unavailable.
Market activity
Unavailable
The reading is neutral or unavailable.
Market dynamics
+0.0
The reading is neutral or unavailable.
30-week momentum
Unavailable
The reading is neutral or unavailable.
0 constructive, 1 weak and 2 neutral measures.
This is a count of rules-based evidence, not a recommendation.Market activity
Whether participation is supporting the move.
Relative strength
Performance against the market benchmark.
30-week momentum
The pace of the medium-term price move.
Market dynamics
A separate scale prevents this lower-range measure being hidden by relative strength.
Risk and participation
How much movement sits behind the pattern?
Wave structure is easier to judge when drawdown, volatility and participation are visible beside it.
52-week low0.20
52-week high19.15
Based on the latest 26 weekly returns
Average high-to-low range over 13 weeks
From the highest close in the stored record
Of its trailing 20-week average
Drawdown history
Distance below the highest prior weekly close.
Realised volatility
Annualised variability of the latest 26 weekly returns.
Relative volume
Weekly volume as a percentage of its 20-week average.
Market, peer and event context
Is the structure isolated—or supported by its environment?
Peer breadth tests whether the sector is moving with this security. Event and options context tests whether a catalyst could overwhelm otherwise valid technical structure.
71% constructive
17 of 24 analysed peers have a bullish rule-valid primary count.
17% have improving cycle stacks Breadth shows whether peers share the structure. Cohort outcomes use non-overlapping, point-in-time trend and momentum states from the same sector and report benchmark excess return when matching benchmark bars exist; they are context, not a backtest of the Elliott count.Elevated invalidation risk
Options: Volatility · 61/100 conviction · ±68.2% expected move
The options-implied move is large enough to cross the Elliott invalidation level in one event-sized move.
Event and positioning context tests whether a scheduled catalyst or the options-implied move could overwhelm the technical structure.| Peer-state horizon | Independent samples | Positive | Median | Median excess vs SPY | 10th–90th percentile |
|---|---|---|---|---|---|
| 4 weeks | 0 | - | - | - | - |
| 13 weeks | 0 | - | - | - | - |
| 26 weeks | 0 | - | - | - | - |
Historical context
0 similar weekly states
What followed similar readings in this security?
Matches compare trend, cycle direction, momentum, relative strength and market dynamics using only information available at each historical week.
Not enough comparable history yet
Historical context appears only when at least eight completed outcomes are available for one of the measured horizons.
At least 90 weekly observations are required.
Evidence quality21/100
This measures usable history, indicator coverage and confirmed swing points. It does not measure the chance of the scenario succeeding.
- Weekly history
- 4/100
- Indicator coverage
- 35/100
- Confirmed structure
- 17/100
Rules, references and limitations
- Swing points use weekly closes and a 7.3% adaptive reversal threshold.
- The final swing is provisional until the reversal threshold is met.
- Candidate counts must pass the Wave 2 origin, Wave 3 progression/length and Wave 4 overlap rules when those waves are present.
- Fibonacci proportions and alternation rank valid candidates but never rescue a hard-rule failure.
- Primary and alternate evidence weights compare admissible counts; they are not probabilities.
- Nominal Hurst periods adapt to observed weekly rhythm. Future windows include measured timing uncertainty and require FLD or price confirmation.
Audit trail
Recent swing points
The exact points used to construct the visible wave map.
| Date | Status | Type | Price | Move | Duration |
|---|---|---|---|---|---|
| 2026-06-26 | Confirmed | High | 16.52 | - | 0 weeks |
| 2026-07-24 | Forming | Low | 12.91 | -21.9% | 4 weeks |