Weekly structural research · NYSE · Technology

KEYS Stage Analysis

Keysight Technologies Inc

Week ending 25 Sep 2026Close USD 362.15Tenure NewBenchmark SPY

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Balance · Upper balance after advance

Directional pressure has compressed into balance.

Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base.

The Trend gate is up within the current regime.
Fast Activity versus Slow Activity: improving.
Activity structure: compressed and expanding.

Direction 59−100 bearish to +100 bullish

Energy 39/100directional strength

Maturity 13/100lifecycle context

Confidence 90/100evidence agreement

Trend gate Upstructural direction

Activity structure Compressedexpanding separation

Price acceptance +0.0%position within the Activity structure

Fair Value context +87.0%USD 193.64 · improving

Trend Architecture map · 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.
Rotation UpStructure is turning higher.
Upward ExpansionUptrend is established.
DecelerationUptrend is losing energy.
Rotation DownStructure is turning lower.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-09-25	362.15	327.08	21.62	5141627	Balance	59	39
2026-09-18	335.00	325.25	15.10	7133099	Balance	21	8
2026-09-11	338.64	322.20	17.25	2988830	Deceleration	31	14
2026-09-04	327.21	318.70	13.47	4377471	Deceleration	25	11
2026-08-28	319.97	315.49	12.02	7306462	Deceleration	23	14
2026-08-21	316.13	312.04	12.13	12330882	Deceleration	21	15
2026-08-14	357.82	308.60	26.18	4314070	Deceleration	49	27
2026-08-07	340.97	303.81	21.73	5060741	Deceleration	23	12
2026-07-31	319.08	299.35	19.05	6276324	Deceleration	11	14
2026-07-24	318.67	295.60	21.30	5477391	Deceleration	12	17
2026-07-17	315.90	291.85	20.63	7289205	Deceleration	14	18
2026-07-10	322.05	288.07	22.17	6352035	Deceleration	34	18
2026-07-03	313.86	284.29	21.77	7047001	Deceleration	40	27
2026-06-26	328.66	280.85	31.38	10601179	Deceleration	45	36
2026-06-19	363.67	276.49	43.37	5830371	Deceleration	70	51
2026-06-12	350.67	270.13	41.25	7066570	Deceleration	54	45
2026-06-05	329.83	264.41	35.21	8138563	Upward Expansion	49	47
2026-05-29	338.33	259.44	36.60	8299763	Upward Expansion	63	59
2026-05-22	346.56	254.26	43.45	13568530	Upward Expansion	65	63
2026-05-15	349.01	248.36	47.35	7345396	Upward Expansion	67	71
2026-05-08	360.30	242.13	54.20	4909338	Upward Expansion	78	88
2026-05-01	352.41	235.44	56.39	6928842	Upward Expansion	78	89
2026-04-24	346.96	229.47	57.59	4642386	Upward Expansion	82	84
2026-04-17	334.34	223.68	54.81	5150269	Upward Expansion	84	71
2026-04-10	324.18	218.48	59.00	5141713	Upward Expansion	85	69
2026-04-03	291.24	213.35	50.15	4548458	Upward Expansion	73	63
2026-03-27	279.06	209.24	50.66	6696318	Upward Expansion	65	64
2026-03-20	277.53	205.39	48.11	8635708	Upward Expansion	68	79
2026-03-13	279.78	201.70	48.11	7976141	Upward Expansion	75	87
2026-03-06	272.43	197.82	43.50	9173660	Upward Expansion	75	90
2026-02-27	307.33	194.24	60.10	18348537	Upward Expansion	99	99
2026-02-20	243.54	189.28	27.79	4934773	Upward Expansion	86	90
2026-02-13	233.51	186.71	24.40	5571786	Upward Expansion	82	82
2026-02-06	230.95	184.34	21.78	5920464	Upward Expansion	86	74
2026-01-30	216.33	182.10	14.18	5607983	Upward Expansion	73	60
2026-01-23	212.94	180.46	12.94	3620275	Upward Expansion	68	57
2026-01-16	214.20	178.84	13.37	5618231	Upward Expansion	75	61
2026-01-09	207.30	177.01	9.57	5092443	Upward Expansion	67	59
2026-01-02	206.59	175.38	11.07	2478457	Upward Expansion	67	73
2025-12-26	206.04	173.89	9.80	2432322	Upward Expansion	66	84
2025-12-19	202.47	172.25	9.61	8429414	Upward Expansion	66	84
2025-12-12	208.81	170.84	13.32	5119117	Upward Expansion	82	88
2025-12-05	210.49	169.39	13.80	5757261	Upward Expansion	89	85
2025-11-28	197.95	167.51	7.54	9197611	Upward Expansion	84	73
2025-11-21	172.71	165.87	-2.68	6006190	Upward Expansion	56	59
2025-11-14	179.06	164.91	-1.23	5415305	Upward Expansion	59	62
2025-11-07	180.87	163.46	-0.03	7465644	Upward Expansion	64	49
2025-10-31	182.96	161.88	-0.60	8479486	Upward Expansion	67	29
2025-10-24	169.47	160.01	-7.27	4252810	Upward Expansion	32	19
2025-10-17	162.19	159.38	-9.68	5756369	Upward Expansion	25	14
2025-10-10	159.49	159.12	-9.85	4810972	Upward Expansion	39	28
2025-10-03	173.35	158.87	-4.61	4866269	Upward Expansion	60	64
2025-09-26	173.34	158.29	-3.67	5323656	Upward Expansion	64	66
2025-09-19	178.15	157.83	-1.41	5408627	Upward Expansion	78	68
2025-09-12	170.54	157.74	-4.48	4500984	Upward Expansion	66	53
2025-09-05	167.90	158.17	-4.55	4048177	Upward Expansion	60	42
2025-08-29	163.43	158.39	-6.84	4528098	Upward Expansion	52	35
2025-08-22	166.87	158.88	-5.07	7801299	Balance	59	32
2025-08-15	163.40	159.08	-6.91	4663987	Balance	14	15
2025-08-08	164.96	159.16	-5.05	4014850	Rotation Up	19	17
2025-08-01	158.68	159.04	-6.23	3975088	Rotation Up	23	18
2025-07-25	166.45	159.21	-3.91	3637470	Rotation Up	35	43
2025-07-18	162.45	159.09	-4.77	3872871	Rotation Up	19	35
2025-07-11	163.69	159.12	-3.40	4043655	Rotation Up	21	38
2025-07-04	167.05	159.21	-1.65	3164862	Balance	28	34
2025-06-27	164.34	159.37	-1.49	4489820	Balance	23	22
2025-06-20	159.36	159.58	-1.07	4027162	Balance	-4	12
2025-06-13	158.19	159.95	-1.86	2971819	Balance	-5	15
2025-06-06	161.95	159.65	0.20	3840482	Balance	18	26
2025-05-30	157.04	159.77	-1.14	5183302	Balance	-16	25
2025-05-23	160.03	159.59	2.53	7328119	Balance	-16	24
2025-05-16	165.40	159.45	3.29	4206984	Downward Expansion	-13	20
2025-05-09	154.12	159.27	1.17	3857696	Downward Expansion	-42	26
2025-05-02	148.52	159.43	-3.05	4403246	Downward Expansion	-60	46
2025-04-25	144.01	159.69	-3.47	5026109	Downward Expansion	-65	70
2025-04-18	135.46	160.18	-5.26	3755823	Downward Expansion	-70	80
2025-04-11	133.59	160.75	-8.14	7989487	Rotation Down	-77	82
2025-04-04	127.02	161.30	-8.07	6324539	Rotation Down	-64	77
2025-03-28	150.33	161.83	-1.45	3471790	Rotation Down	-33	57
2025-03-21	154.56	161.96	-0.40	4154866	Upward Expansion	-27	39
2025-03-14	152.03	161.98	-1.71	5491711	Upward Expansion	-31	33
2025-03-07	155.89	161.42	-1.69	5708062	Upward Expansion	8	9
2025-02-28	159.53	160.32	-2.72	9871438	Upward Expansion	37	27
2025-02-21	175.45	159.22	5.65	4645590	Upward Expansion	64	72
2025-02-14	183.46	157.99	8.65	4652132	Upward Expansion	78	78
2025-02-07	174.32	156.45	4.67	5025832	Upward Expansion	62	60
2025-01-31	178.35	155.38	6.64	6178934	Upward Expansion	70	49
2025-01-24	172.88	154.01	2.16	3232853	Deceleration	63	35
2025-01-17	165.69	152.81	-0.66	3268925	Deceleration	37	20
2025-01-10	161.31	151.85	-0.74	2999840	Deceleration	35	19
2025-01-03	163.80	151.01	-1.47	2411912	Upward Expansion	40	25
2024-12-27	162.91	150.07	-2.81	2149549	Upward Expansion	55	38
2024-12-20	163.22	149.26	-2.42	9742444	Upward Expansion	58	53
2024-12-13	166.50	148.62	-2.72	4639094	Upward Expansion	63	72
2024-12-06	171.73	148.31	-0.70	4909723	Upward Expansion	71	70
2024-11-29	170.84	147.60	-0.59	9078453	Upward Expansion	74	65
2024-11-22	170.28	146.87	0.12	10781001	Upward Expansion	76	46
2024-11-15	149.37	146.15	-10.81	5452229	Upward Expansion	42	25
2024-11-08	165.42	146.01	-3.57	5892092	Upward Expansion	73	46
2024-11-01	151.55	145.66	-7.52	4540489	Upward Expansion	57	39
2024-10-25	155.98	145.85	-6.30	3772312	Upward Expansion	61	54
2024-10-18	159.95	145.87	-4.99	6488374	Rotation Up	69	67
2024-10-11	159.01	145.68	-4.87	4147585	Rotation Up	41	53
2024-10-04	156.38	145.37	-5.55	3851978	Rotation Up	39	50
2024-09-27	158.70	145.31	-4.12	4768143	Rotation Up	37	49
2024-09-20	152.42	145.25	-7.62	4551329	Rotation Up	27	47
2024-09-13	150.04	145.17	-8.01	3852548	Rotation Up	23	35
2024-09-06	143.11	145.34	-8.96	3788245	Balance	13	28
2024-08-30	154.12	145.96	-6.24	5107029	Balance	12	20
2024-08-23	155.01	146.01	-5.61	10735798	Downward Expansion	-12	15
2024-08-16	135.30	146.04	-16.57	6490028	Downward Expansion	-59	57
2024-08-09	122.87	146.65	-21.49	10967424	Downward Expansion	-80	72
2024-08-02	126.70	147.62	-19.69	5299564	Deceleration	-76	48
2024-07-26	138.40	148.36	-14.81	5042333	Deceleration	-43	30
2024-07-19	137.40	149.05	-16.70	6299379	Downward Expansion	-50	35
2024-07-12	142.11	149.78	-16.22	4715937	Downward Expansion	-57	41
2024-07-05	137.35	150.33	-18.88	3122546	Downward Expansion	-62	66
2024-06-28	136.75	150.56	-18.37	7888767	Downward Expansion	-65	76
2024-06-21	137.00	150.60	-18.93	4828913	Downward Expansion	-65	78
2024-06-14	135.98	150.56	-19.60	4281165	Rotation Down	-71	78
2024-06-07	135.81	150.47	-19.03	5269134	Rotation Down	-49	60
2024-05-31	138.48	150.09	-17.04	6764684	Balance	-46	43
2024-05-24	144.05	149.66	-14.69	9941881	Balance	-18	12
2024-05-17	157.30	148.84	-7.50	4605283	Balance	26	12
2024-05-10	150.21	147.69	-10.66	4297314	Balance	5	17
2024-05-03	149.18	146.98	-9.99	4507426	Balance	7	16
2024-04-26	148.55	146.37	-10.16	5472990	Balance	8	11
2024-04-19	145.12	145.83	-10.23	5083258	Upward Expansion	4	5
2024-04-12	155.10	145.36	-7.40	8316460	Upward Expansion	49	31
2024-04-05	157.23	144.62	-7.98	4985493	Deceleration	56	31
2024-03-29	156.38	143.79	-9.73	4801705	Deceleration	45	25
2024-03-22	154.39	143.04	-11.08	5092546	Deceleration	38	24
2024-03-15	149.80	142.20	-12.33	8549253	Deceleration	37	21
2024-03-08	154.33	141.52	-10.30	6042414	Upward Expansion	42	27
2024-03-01	157.07	141.59	-9.45	7589458	Upward Expansion	62	40
2024-02-23	149.97	141.65	-13.16	9194472	Upward Expansion	58	41
2024-02-16	155.22	142.07	-9.18	7995543	Upward Expansion	62	53
2024-02-09	161.52	142.51	-6.61	3941897	Upward Expansion	76	59
2024-02-02	155.70	142.69	-9.37	5165739	Upward Expansion	66	52
2024-01-26	155.93	142.96	-8.61	4394538	Rotation Up	41	42
2024-01-19	153.63	143.34	-9.65	4253018	Rotation Up	37	46
2024-01-12	151.95	143.49	-10.25	4508200	Rotation Up	38	58
2024-01-05	148.96	143.92	-11.05	4001618	Rotation Up	32	72
2023-12-29	159.09	144.34	-7.18	2418002	Rotation Up	44	80
2023-12-22	159.21	144.48	-7.37	6553089	Rotation Up	51	78
2023-12-15	158.53	144.56	-7.48	13719250	Rotation Up	53	55
2023-12-08	144.33	144.51	-14.30	8733505	Downward Expansion	16	33
2023-12-01	137.88	144.55	-18.59	9027439	Downward Expansion	-27	29
2023-11-24	136.04	144.74	-19.63	7045295	Downward Expansion	-42	31
2023-11-17	133.18	145.03	-21.14	8070647	Downward Expansion	-61	55
2023-11-10	124.25	145.53	-25.28	6577317	Downward Expansion	-64	62
2023-11-03	125.76	146.71	-23.95	6838277	Downward Expansion	-65	69
2023-10-27	119.31	147.71	-24.22	5155992	Downward Expansion	-83	79
2023-10-20	122.82	149.11	-24.59	6211936	Downward Expansion	-79	66
2023-10-13	128.93	150.24	-23.37	4470397	Downward Expansion	-70	61
2023-10-06	131.06	151.12	-22.28	5644835	Downward Expansion	-66	61

Price vs TrendAbove+10.7%

Trend directionRising+12.1%

Price vs current Fair ValuePremium+87.0%

Fair Value directionClosing upward+2.7%

Relative Strength vs benchmarkLeading+21.6%

Relative strength directionWeakening-9.8%

Price momentumPositive+29.8%

Volume balanceDemand-led1.40×

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

59 / ±100

+35.9 points since 2026-08-28

Energy

39 /100

+24.3 points since 2026-08-28

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

KEYS Directional State ↗ KEYS Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance47

Rotation Up56

Upward Expansion76

Deceleration54

Rotation Down21

Downward Expansion12

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 today’s regime

2023-10-06 to 2026-09-25 · 156 classified observations out of 156 shown.

Balance 12%Rotation Up 12%Upward Expansion 44%Deceleration 15%Rotation Down 3%Downward Expansion 15%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Balance	2026-09-18	2026-09-25	New	+8.1%
Deceleration	2026-06-12	2026-09-11	Established	-3.4%
Upward Expansion	2025-08-29	2026-06-05	Extended	+101.8%
Balance	2025-08-15	2025-08-22	New	+2.1%
Rotation Up	2025-07-11	2025-08-08	Developing	+0.8%
Balance	2025-05-23	2025-07-04	Developing	+4.4%
Downward Expansion	2025-04-18	2025-05-16	Developing	+22.1%
Rotation Down	2025-03-28	2025-04-11	New	-11.1%
Upward Expansion	2025-01-31	2025-03-21	Developing	-13.3%
Deceleration	2025-01-10	2025-01-24	New	+7.2%
Upward Expansion	2024-10-25	2025-01-03	Developing	+5.0%
Rotation Up	2024-09-13	2024-10-18	Developing	+6.6%
Balance	2024-08-30	2024-09-06	New	-7.1%
Downward Expansion	2024-08-09	2024-08-23	New	+26.2%

Classic Stage Analysis comparison

Stage 1 · Basing4

Stage 2 · Advancing100

Stage 3 · Distribution67

Stage 4 · Declining0

Legacy result: Stage 2 · Stage 2B · Advancing. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus SPY

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

Leading benchmark

Architecture confirmation: 91/100
Current Relative Strength: 21.62
Relative Strength direction: Weakening
Price momentum: +29.8%
Excess performance vs benchmark: +7.8%
Technology regime cohort: 94th percentile32 in cohort

Test KEYS trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.72×

Latest completed volume relative to typical participation.

Up/down volume1.40×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 3

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

Current relationship between Fast Activity and Slow Activity.

Structure stability+75.0%

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.

Explore KEYS Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity USD 342.74rising

Slow Activity USD 333.55rising

Trend Reference USD 327.08+10.7% close margin

Current Fair Value USD 193.64+87.0% close margin

Structural low USD 266.47shock / repair context

What changes the read?

Persistent fast/slow separation and fan expansion would end Balance; direction determines whether it becomes Rotation Up or Rotation Down.

Range context +8.1%

Annualized volatility +36.0%

From structural high -3.4%

From structural low +128.1%

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 move	Positive periods	Directional follow-through	Median excess vs SPY	Regime survived	Read
Near term	9	+1.1%-15.5% to +4.4%	+55.6%	+55.6%	-3.3%	+22.2%	Usable descriptive sample
Intermediate	7	+3.5%-20.6% to +10.8%	+71.4%	+71.4%	-4.1%	+14.3%	Usable descriptive sample
Extended	4	+6.5%-16.2% to +9.1%	+75.0%	+75.0%	-8.1%	+0.0%	Too little matched history
Full cycle	3	+0.1%-21.5% to +6.0%	+66.7%	+66.7%	-12.7%	+0.0%	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.

KEYS Stage Analysis

What the Activity Line geometry says now

Directional pressure has compressed into balance.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength

Leading benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Send a message

Evidence context

What the Activity Line geometry says now

Directional pressure has compressed into balance.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength ?

Leading benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

Test the structure from another angle

Trend Persistence ↗

Directional State ↗

Momentum Intelligence ↗

Volume & Price ↗

Similar Charts ↗

RMI Reversal Map ↗

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Relative Strength

Trend Persistence

Directional State

Momentum Intelligence

Volume & Price

Similar Charts

RMI Reversal Map