Weekly structural research ยท NASDAQ ยท Market

NVD Stage Analysis

GRANITESHARES 2X SHORT NVDA DAILY ETF

Week ending 9 Oct 2026Close USD 3.58Tenure EstablishedBenchmark QQQ
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Downward Expansion ยท Established contraction

The weekly architecture is expanding downward.

Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation.

  • The Trend gate is down within the current regime.
  • Fast Activity versus Slow Activity: improving.
  • Activity structure: moderate and expanding.
Direction -64โˆ’100 bearish to +100 bullish
Energy 51/100directional strength
Maturity 72/100lifecycle context
Confidence 95/100evidence agreement
Trend gate Downstructural direction
Activity structure Moderateexpanding separation
Price acceptance -83.3%position within the Activity structure
Fair Value context -94.6%USD 66.23 ยท improving
Trend Architecture map ยท 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.
  • Downward ExpansionDowntrend is established.
View chart values ยท 156 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-10-093.584.96-48.63316216380Downward Expansion-6451
2026-10-023.455.08-51.28461873075Downward Expansion-6949
2026-09-253.735.22-47.83376617146Downward Expansion-6348
2026-09-183.845.34-45.54389607478Downward Expansion-6146
2026-09-113.995.44-43.92300730861Downward Expansion-6047
2026-09-043.605.54-50.57511583839Downward Expansion-7266
2026-08-284.055.66-45.45553950789Downward Expansion-6465
2026-08-214.315.75-42.80289661126Downward Expansion-6064
2026-08-143.915.84-50.25285050152Downward Expansion-7570
2026-08-073.975.94-49.77335093708Downward Expansion-7455
2026-07-314.996.05-34.68442156353Downward Expansion-5337
2026-07-244.776.12-38.22455860870Downward Expansion-6037
2026-07-174.976.19-37.66373152109Downward Expansion-4326
2026-07-104.656.28-45.00321895118Downward Expansion-5231
2026-07-035.506.40-35.08253507860Downward Expansion-3823
2026-06-265.676.47-33.80353725501Downward Expansion-4330
2026-06-194.756.55-48.08217952782Downward Expansion-6244
2026-06-125.026.66-45.34312965124Downward Expansion-5845
2026-06-055.056.72-45.38283533249Downward Expansion-6255
2026-05-294.906.80-50.80205076520Downward Expansion-6574
2026-05-224.716.85-52.92343237160Downward Expansion-6877
2026-05-154.316.95-57.92412904890Downward Expansion-8083
2026-05-084.787.07-54.92389815223Downward Expansion-7881
2026-05-015.707.18-45.91466289089Downward Expansion-6270
2026-04-245.237.24-51.83334185538Downward Expansion-7368
2026-04-175.627.35-49.64313412285Balance-6647
2026-04-106.447.46-42.43378130885Balance-4116
2026-04-037.317.53-34.79414576029Balance1014
2026-03-278.287.62-29.01496115557Balance2525
2026-03-207.827.64-38.04451700127Balance-210
2026-03-137.217.67-45.99522106003Downward Expansion-2712
2026-03-067.447.72-46.67529370324Downward Expansion-2813
2026-02-277.537.74-48.77401051249Downward Expansion-3217
2026-02-206.657.80-56.18237698581Downward Expansion-5735
2026-02-137.167.89-53.43280348236Downward Expansion-4829
2026-02-066.997.96-56.03276743474Downward Expansion-5132
2026-01-306.738.07-59.55235346986Downward Expansion-5835
2026-01-237.008.22-59.29207299769Downward Expansion-5334
2026-01-167.178.36-59.12282506924Downward Expansion-5138
2026-01-097.288.58-59.84296635072Downward Expansion-5134
2026-01-026.988.80-61.64127144531Downward Expansion-5633
2025-12-266.869.04-63.72126776820Downward Expansion-5931
2025-12-197.639.33-60.13162938719Downward Expansion-3517
2025-12-128.249.63-57.76171592591Downward Expansion-3317
2025-12-057.609.88-62.60154776392Downward Expansion-3926
2025-11-288.0810.35-60.62156923259Downward Expansion-4431
2025-11-217.9410.82-60.27213796336Downward Expansion-6047
2025-11-147.0811.36-66.37150481737Downward Expansion-6556
2025-11-077.3412.10-65.88151539012Downward Expansion-6559
2025-10-316.4112.68-71.65156701808Downward Expansion-8671
2025-10-247.6713.79-66.2382756592Downward Expansion-7267
2025-10-177.9314.54-65.04103730967Downward Expansion-7066
2025-10-108.0015.16-64.65130350512Downward Expansion-7066
2025-10-037.6715.74-67.55105440920Downward Expansion-8070
2025-09-268.5416.48-64.43100071193Downward Expansion-6964
2025-09-198.7517.04-64.7284033812Downward Expansion-5759
2025-09-128.6617.50-65.3590259077Downward Expansion-6162
2025-09-059.8517.92-61.0059155805Downward Expansion-5662
2025-08-299.0818.40-65.20111174714Downward Expansion-6785
2025-08-228.7119.06-67.5997368188Downward Expansion-6888
2025-08-158.5019.53-69.3595105290Downward Expansion-7490
2025-08-088.2820.07-70.75109100619Downward Expansion-7992
2025-08-019.2120.65-67.59123948418Downward Expansion-7390
2025-07-259.2521.11-69.31105924721Downward Expansion-7690
2025-07-189.4121.65-69.57100280340Downward Expansion-7890
2025-07-1110.3122.23-67.1954274485Downward Expansion-7689
2025-07-0411.0522.79-65.7035462431Downward Expansion-7275
2025-06-2711.3223.23-65.1455339991Downward Expansion-7371
2025-06-2013.7123.71-57.0518913875Downward Expansion-6768
2025-06-1314.0524.07-56.8725376302Downward Expansion-6871
2025-06-0614.1324.42-57.6728845578Downward Expansion-7072
2025-05-3015.6324.72-53.3232713500Downward Expansion-6768
2025-05-2316.6225.12-50.9529552515Downward Expansion-6564
2025-05-1615.6225.40-56.3725335358Balance-7153
2025-05-0921.5625.78-38.5614501634Balance-1819
2025-05-0222.4326.00-39.0119259210Balance-612
2025-04-2523.9326.36-35.6816013031Balance2514
2025-04-1829.2526.73-19.9717242154Balance4739
2025-04-1124.9027.04-37.3930995129Balance1732
2025-04-0439.5927.452.7317853472Balance5156
2025-03-2830.2927.83-31.4118519758Balance2020
2025-03-2126.6528.11-43.0220609874Balance-1413
2025-03-1425.1228.35-47.8224059104Balance-2111
2025-03-0729.9928.75-41.5230177938Balance-56
2025-02-2825.3329.53-53.8936846150Balance-5031
2025-02-2122.56โ€”โ€”15150884Not yet classifiedโ€”โ€”
2025-02-1421.19โ€”โ€”19372739Not yet classifiedโ€”โ€”
2025-02-0724.31โ€”โ€”25969206Not yet classifiedโ€”โ€”
2025-01-3128.86โ€”โ€”40924495Not yet classifiedโ€”โ€”
2025-01-2422.87โ€”โ€”6721966Not yet classifiedโ€”โ€”
2025-01-1724.75โ€”โ€”5872333Not yet classifiedโ€”โ€”
2025-01-1025.57โ€”โ€”9396904Not yet classifiedโ€”โ€”
2025-01-0322.95โ€”โ€”5642848Not yet classifiedโ€”โ€”
2024-12-2725.71โ€”โ€”2663152Not yet classifiedโ€”โ€”
2024-12-2026.71โ€”โ€”7375410Not yet classifiedโ€”โ€”
2024-12-1327.04โ€”โ€”6743558Not yet classifiedโ€”โ€”
2024-12-0624.16โ€”โ€”5779843Not yet classifiedโ€”โ€”
2024-11-2925.70โ€”โ€”6267083Not yet classifiedโ€”โ€”
2024-11-2224.53โ€”โ€”15265577Not yet classifiedโ€”โ€”
2024-11-1524.75โ€”โ€”9896913Not yet classifiedโ€”โ€”
2024-11-0822.98โ€”โ€”10253930Not yet classifiedโ€”โ€”
2024-11-0127.62โ€”โ€”124034109Not yet classifiedโ€”โ€”
2024-10-2525.16โ€”โ€”156598422Not yet classifiedโ€”โ€”
2024-10-1826.80โ€”โ€”178692341Not yet classifiedโ€”โ€”
2024-10-1128.23โ€”โ€”168361974Not yet classifiedโ€”โ€”
2024-10-0433.14โ€”โ€”156480398Not yet classifiedโ€”โ€”
2024-09-2735.19โ€”โ€”171579575Not yet classifiedโ€”โ€”
2024-09-2038.66โ€”โ€”158921521Not yet classifiedโ€”โ€”
2024-09-1337.03โ€”โ€”228350649Not yet classifiedโ€”โ€”
2024-09-0650.94โ€”โ€”223066644Not yet classifiedโ€”โ€”
2024-08-3038.87โ€”โ€”230734897Not yet classifiedโ€”โ€”
2024-08-2333.75โ€”โ€”161910916Not yet classifiedโ€”โ€”
2024-08-1637.03โ€”โ€”182051558Not yet classifiedโ€”โ€”
2024-08-0953.39โ€”โ€”246543185Not yet classifiedโ€”โ€”
2024-08-0252.57โ€”โ€”295357436Not yet classifiedโ€”โ€”
2024-07-2651.14โ€”โ€”174486304Not yet classifiedโ€”โ€”
2024-07-1947.87โ€”โ€”154636801Not yet classifiedโ€”โ€”
2024-07-1240.51โ€”โ€”152556204Not yet classifiedโ€”โ€”
2024-07-0543.37โ€”โ€”93981566Not yet classifiedโ€”โ€”
2024-06-2845.21โ€”โ€”230142261Not yet classifiedโ€”โ€”
2024-06-2143.57โ€”โ€”171680893Not yet classifiedโ€”โ€”
2024-06-1440.71โ€”โ€”122766365Not yet classifiedโ€”โ€”
2024-06-0749.30โ€”โ€”116197754Not yet classifiedโ€”โ€”
2024-05-3160.35โ€”โ€”86658038Not yet classifiedโ€”โ€”
2024-05-2464.85โ€”โ€”50023833Not yet classifiedโ€”โ€”
2024-05-1789.81โ€”โ€”24972987Not yet classifiedโ€”โ€”
2024-05-1095.53โ€”โ€”33542731Not yet classifiedโ€”โ€”
2024-05-0398.60โ€”โ€”32948660Not yet classifiedโ€”โ€”
2024-04-26101.06โ€”โ€”36886634Not yet classifiedโ€”โ€”
2024-04-19138.70โ€”โ€”25701761Not yet classifiedโ€”โ€”
2024-04-12107.20โ€”โ€”20714137Not yet classifiedโ€”โ€”
2024-04-05108.83โ€”โ€”14781565Not yet classifiedโ€”โ€”
2024-03-29103.51โ€”โ€”14913533Not yet classifiedโ€”โ€”
2024-03-2295.53โ€”โ€”24715911Not yet classifiedโ€”โ€”
2024-03-15110.47โ€”โ€”22207029Not yet classifiedโ€”โ€”
2024-03-08113.13โ€”โ€”23274162Not yet classifiedโ€”โ€”
2024-03-01131.33โ€”โ€”10373569Not yet classifiedโ€”โ€”
2024-02-23143.00โ€”โ€”14000039Not yet classifiedโ€”โ€”
2024-02-16190.87โ€”โ€”4825404Not yet classifiedโ€”โ€”
2024-02-09193.12โ€”โ€”3532563Not yet classifiedโ€”โ€”
2024-02-02231.98โ€”โ€”656077Not yet classifiedโ€”โ€”
2024-01-26276.58โ€”โ€”830899Not yet classifiedโ€”โ€”
2024-01-19290.90โ€”โ€”827803Not yet classifiedโ€”โ€”
2024-01-12331.61โ€”โ€”1153481Not yet classifiedโ€”โ€”
2024-01-05394.07โ€”โ€”230847Not yet classifiedโ€”โ€”
2023-12-29389.50โ€”โ€”112687Not yet classifiedโ€”โ€”
2023-12-22396.88โ€”โ€”221081Not yet classifiedโ€”โ€”
2023-12-15395.19โ€”โ€”143913Not yet classifiedโ€”โ€”
2023-12-08411.80โ€”โ€”153879Not yet classifiedโ€”โ€”
2023-12-01426.91โ€”โ€”138464Not yet classifiedโ€”โ€”
2023-11-24412.51โ€”โ€”186577Not yet classifiedโ€”โ€”
2023-11-17395.36โ€”โ€”169827Not yet classifiedโ€”โ€”
2023-11-10407.74โ€”โ€”137855Not yet classifiedโ€”โ€”
2023-11-03451.04โ€”โ€”128869Not yet classifiedโ€”โ€”
2023-10-27533.04โ€”โ€”242201Not yet classifiedโ€”โ€”
2023-10-20520.50โ€”โ€”197601Not yet classifiedโ€”โ€”
Price vs TrendBelow-27.9%
Trend directionFalling-18.0%
Price vs current Fair ValueBelow anchor-94.6%
Fair Value directionClosing upward+0.4%
Relative Strength vs benchmarkLagging-48.6%
Relative strength directionWeakening-3.6%
Price momentumNegative-44.4%
Volume balanceSupply-led0.51ร—
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

-64 / ยฑ100

-4.2 points since 2026-09-11

Energy

51 /100

+3.8 points since 2026-09-11

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance12
Rotation Up21
Upward Expansion8
Deceleration48
Rotation Down60
Downward Expansion83

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 todayโ€™s regime

2023-10-20 to 2026-10-09 ยท 85 classified observations out of 156 shown.

Balance 20%Downward Expansion 80%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Downward Expansion2026-04-242026-10-09Established-31.5%
Balance2026-03-202026-04-17Developing-28.1%
Downward Expansion2025-05-232026-03-13Extended-56.6%
Balance2025-02-282025-05-16Developing-38.3%
Classic Stage Analysis comparison
Stage 1 ยท Basing62
Stage 2 ยท Advancing0
Stage 3 ยท Distribution8
Stage 4 ยท Declining100

Legacy result: Stage 4 ยท Stage 4B ยท Declining. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus QQQ

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

Lagging benchmark

Architecture confirmation
96/100
Current Relative Strength
-48.63
Relative Strength direction
Weakening
Price momentum
-44.4%
Excess performance vs benchmark
-67.4%
Sector regime cohort
19th percentile142 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume0.90ร—

Latest completed volume relative to typical participation.

Up/down volume0.51ร—

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 6

Recent participation evidence classified by demand and supply.

Activity alignment+0.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

Current relationship between Fast Activity and Slow Activity.

Structure stability+0.0%

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.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity USD 3.64falling
Slow Activity USD 4.41falling
Trend Reference USD 4.96-27.9% close margin
Current Fair Value USD 66.23-94.6% close margin
Structural low USD 3.19shock / repair context
What changes the read?

Fan contraction and a persistent upward fast/slow rotation are required before the declining structure is considered repaired.

Range context +17.6%
Annualized volatility +69.5%
From structural high -58.9%
From structural low +12.2%
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 movePositive periodsDirectional follow-through Median excess vs QQQ Regime survived Read
Near term17-7.7%-31.4% to +11.9%+41.2%+58.8%-6.3%+94.1%Usable descriptive sample
Intermediate5-16.3%-47.6% to -8.5%+0.0%+100.0%-19.6%+100.0%Usable descriptive sample
Extended2-46.4%-52.2% to -40.7%+0.0%+100.0%-65.4%+100.0%Too little matched history
Full cycle1-71.7%-71.7% to -71.7%+0.0%+100.0%-113.1%+100.0%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.

Evidence context