Weekly structural research · NASDAQ · Technology

FRSH Stage Analysis

Freshworks Inc

Week ending 2 Oct 2026Close USD 12.78Tenure NewBenchmark QQQ

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Deceleration · Recompressing

The upward structure remains, but its energy is decelerating.

Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down.

The Trend gate is up within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: moderate and contracting.

Direction 50−100 bearish to +100 bullish

Energy 35/100directional strength

Maturity 71/100lifecycle context

Confidence 85/100evidence agreement

Trend gate Upstructural direction

Activity structure Moderatecontracting separation

Price acceptance +50.0%position within the Activity structure

Fair Value context -8.4%USD 13.95 · 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
2026-10-02	12.78	10.22	6.11	20061559	Deceleration	50	35
2026-09-25	12.54	10.08	4.61	25944012	Upward Expansion	48	37
2026-09-18	12.25	9.92	5.05	21704415	Upward Expansion	60	50
2026-09-11	11.89	9.76	2.34	15876668	Upward Expansion	64	58
2026-09-04	12.73	9.61	8.35	18148607	Upward Expansion	67	84
2026-08-28	13.86	9.48	17.74	20385644	Upward Expansion	85	92
2026-08-21	12.98	9.38	10.17	31553918	Upward Expansion	81	89
2026-08-14	12.66	9.34	3.99	38382222	Upward Expansion	84	84
2026-08-07	11.84	9.29	-2.27	40653522	Upward Expansion	78	78
2026-07-31	11.36	9.30	-2.14	55727825	Rotation Up	75	72
2026-07-24	10.27	9.31	-11.66	83563399	Rotation Up	33	55
2026-07-17	10.89	9.38	-8.87	70342982	Rotation Up	47	61
2026-07-10	10.36	9.44	-17.87	123389384	Rotation Up	39	37
2026-07-03	10.34	9.53	-17.56	147543823	Balance	42	29
2026-06-26	9.85	9.61	-21.90	170518017	Balance	6	13
2026-06-19	8.86	9.69	-33.85	85389661	Balance	-5	14
2026-06-12	9.44	9.79	-28.82	74962516	Balance	-1	17
2026-06-05	9.45	9.88	-28.29	53592614	Balance	-2	17
2026-05-29	9.71	9.94	-30.79	44681151	Balance	4	16
2026-05-22	9.08	9.98	-34.50	54908174	Balance	-17	17
2026-05-15	8.96	10.06	-35.59	61971626	Downward Expansion	-31	21
2026-05-08	8.83	10.12	-37.77	59169279	Downward Expansion	-34	22
2026-05-01	8.75	10.20	-36.03	31261297	Downward Expansion	-41	28
2026-04-24	8.46	10.28	-38.20	86487225	Downward Expansion	-45	34
2026-04-17	8.54	10.42	-37.24	56287724	Downward Expansion	-49	40
2026-04-10	7.55	10.56	-41.90	28195861	Downward Expansion	-68	52
2026-04-03	8.32	10.73	-34.04	19045902	Downward Expansion	-51	46
2026-03-27	7.87	10.88	-35.98	23260095	Downward Expansion	-66	53
2026-03-20	8.03	11.06	-37.73	28808660	Downward Expansion	-65	57
2026-03-13	8.13	11.26	-39.17	32198892	Downward Expansion	-65	69
2026-03-06	8.63	11.43	-37.02	29456984	Downward Expansion	-68	86
2026-02-27	7.82	11.56	-44.48	32129150	Downward Expansion	-71	89
2026-02-20	7.46	11.72	-48.07	24754818	Downward Expansion	-85	94
2026-02-13	7.24	11.95	-49.87	67204299	Downward Expansion	-91	90
2026-02-06	8.92	12.19	-39.98	35747512	Downward Expansion	-85	78
2026-01-30	10.78	12.36	-29.98	20190298	Balance	-66	54
2026-01-23	11.84	12.51	-24.28	17180192	Balance	-39	30
2026-01-16	11.09	12.61	-29.76	23110893	Balance	-53	34
2026-01-09	12.24	12.73	-24.04	18971250	Balance	-26	16
2026-01-02	11.60	12.82	-27.05	9560718	Balance	-26	15
2025-12-26	12.40	12.96	-24.05	6984739	Balance	-5	19
2025-12-19	12.53	13.05	-22.91	20252922	Balance	-5	21
2025-12-12	13.15	13.12	-19.20	17190515	Downward Expansion	6	20
2025-12-05	12.84	13.20	-23.16	18542500	Downward Expansion	-17	21
2025-11-28	12.14	13.25	-27.20	13598995	Downward Expansion	-37	23
2025-11-21	11.85	13.34	-26.06	21094367	Downward Expansion	-44	34
2025-11-14	12.11	13.41	-27.42	25336043	Downward Expansion	-58	44
2025-11-07	11.19	13.43	-33.59	31313355	Downward Expansion	-64	68
2025-10-31	11.10	13.47	-36.76	13230710	Downward Expansion	-67	81
2025-10-24	11.39	13.51	-34.17	14203783	Downward Expansion	-66	80
2025-10-17	10.88	13.62	-35.97	14504404	Downward Expansion	-79	84
2025-10-10	11.11	13.77	-33.25	18791827	Downward Expansion	-80	79
2025-10-03	11.32	13.90	-33.73	19182551	Downward Expansion	-80	71
2025-09-26	12.48	14.05	-26.28	14269110	Downward Expansion	-64	54
2025-09-19	12.89	14.20	-24.34	20580978	Downward Expansion	-58	41
2025-09-12	12.45	14.35	-25.44	25002737	Downward Expansion	-69	42
2025-09-05	12.84	14.50	-21.84	14216776	Downward Expansion	-65	39
2025-08-29	13.47	14.67	-17.36	14578245	Downward Expansion	-57	42
2025-08-22	13.97	14.84	-14.59	21047644	Downward Expansion	-60	64
2025-08-15	13.08	14.98	-20.81	29756596	Downward Expansion	-64	71
2025-08-08	12.63	15.13	-23.25	27588603	Downward Expansion	-72	70
2025-08-01	12.68	15.23	-20.24	44124474	Balance	-74	63
2025-07-25	14.19	15.34	-12.90	21363525	Balance	-40	27
2025-07-18	14.62	15.40	-9.70	32382044	Balance	-30	18
2025-07-11	14.05	15.42	-12.21	13649820	Balance	-40	22
2025-07-04	15.20	15.51	-5.42	9905690	Balance	-19	10
2025-06-27	14.82	15.55	-6.34	11853020	Balance	-13	9
2025-06-20	14.74	15.59	-2.95	10158673	Balance	-11	10
2025-06-13	14.94	15.65	-1.54	11835260	Balance	-11	11
2025-06-06	15.69	15.68	2.99	10435669	Balance	-13	15
2025-05-30	15.27	15.70	2.46	9546419	Balance	-24	19
2025-05-23	14.42	15.60	-1.33	15782426	Downward Expansion	-30	23
2025-05-16	15.49	15.50	3.45	12141256	Downward Expansion	-30	23
2025-05-09	14.56	15.36	3.87	12328922	Rotation Down	-43	27
2025-05-02	14.70	15.26	4.59	26489757	Rotation Down	-32	33
2025-04-25	14.07	15.15	3.39	15802404	Rotation Down	-37	62
2025-04-18	12.60	15.06	-2.34	9451410	Rotation Down	-46	70
2025-04-11	12.53	15.02	-5.98	21053523	Rotation Down	-41	64
2025-04-04	12.29	14.98	-1.73	19007232	Deceleration	-47	57
2025-03-28	14.53	14.94	3.88	12862393	Deceleration	-11	27
2025-03-21	15.54	14.85	7.79	10392672	Deceleration	3	18
2025-03-14	14.88	14.73	2.88	17360502	Deceleration	7	15
2025-03-07	15.80	14.62	5.86	13262632	Deceleration	32	19
2025-02-28	17.06	14.46	9.89	15397409	Upward Expansion	44	33
2025-02-21	17.31	14.28	6.88	20915764	Upward Expansion	59	47
2025-02-14	17.05	14.16	2.04	31111611	Upward Expansion	61	66
2025-02-07	17.89	14.03	9.06	16661405	Upward Expansion	64	77
2025-01-31	18.60	13.86	12.44	31542702	Upward Expansion	74	60
2025-01-24	18.30	13.67	7.99	15118169	Upward Expansion	76	55
2025-01-17	17.44	13.48	3.36	15115665	Upward Expansion	73	48
2025-01-10	15.59	13.32	-5.92	12415009	Upward Expansion	47	35
2025-01-03	16.07	13.21	-6.65	12823400	Upward Expansion	52	44
2024-12-27	15.94	13.10	-9.40	8099866	Upward Expansion	62	52
2024-12-20	15.33	12.99	-13.42	21761452	Upward Expansion	65	59
2024-12-13	16.55	12.92	-10.11	22059108	Upward Expansion	72	86
2024-12-06	16.61	12.83	-10.52	20096544	Upward Expansion	76	91
2024-11-29	15.99	12.73	-12.01	13963897	Upward Expansion	71	89
2024-11-22	16.54	12.67	-9.41	28789547	Rotation Up	86	94
2024-11-15	15.73	12.73	-13.00	26001729	Rotation Up	60	79
2024-11-08	16.44	12.79	-12.95	41685155	Rotation Up	49	49
2024-11-01	12.05	12.84	-33.20	16586058	Downward Expansion	-34	21
2024-10-25	11.62	13.05	-37.50	16982385	Downward Expansion	-43	31
2024-10-18	11.30	13.26	-39.98	17830783	Downward Expansion	-58	40
2024-10-11	11.47	13.50	-39.85	11301609	Downward Expansion	-58	43
2024-10-04	11.24	13.71	-41.07	14413452	Downward Expansion	-63	49
2024-09-27	11.44	13.95	-40.85	15413678	Downward Expansion	-60	52
2024-09-20	11.33	14.25	-41.73	19152815	Downward Expansion	-65	56
2024-09-13	11.32	14.55	-41.77	10781008	Downward Expansion	-68	58
2024-09-06	11.35	14.86	-39.02	7785257	Downward Expansion	-70	61
2024-08-30	11.68	15.20	-41.80	7311494	Downward Expansion	-64	64
2024-08-23	11.95	15.56	-41.84	11190535	Downward Expansion	-64	80
2024-08-16	11.48	15.90	-44.39	10799218	Downward Expansion	-73	78
2024-08-09	11.25	16.22	-43.43	11407609	Downward Expansion	-81	71
2024-08-02	11.67	16.63	-42.03	18410993	Downward Expansion	-79	62
2024-07-26	13.50	16.98	-35.84	10243703	Downward Expansion	-46	41
2024-07-19	13.09	17.31	-39.83	10901722	Downward Expansion	-50	50
2024-07-12	12.90	17.67	-43.47	8671135	Downward Expansion	-62	60
2024-07-05	12.87	18.05	-44.24	5729379	Downward Expansion	-65	63
2024-06-28	12.69	18.29	-43.50	14620538	Downward Expansion	-67	65
2024-06-21	12.51	18.58	-44.82	9660762	Downward Expansion	-71	75
2024-06-14	12.31	18.79	-46.01	8478010	Downward Expansion	-77	86
2024-06-07	12.73	19.00	-42.67	10485522	Downward Expansion	-75	90
2024-05-31	12.88	19.16	-40.82	13603942	Downward Expansion	-75	90
2024-05-24	13.24	19.36	-40.51	11412743	Downward Expansion	-78	92
2024-05-17	13.64	19.51	-38.20	11069466	Downward Expansion	-83	92
2024-05-10	13.71	19.67	-36.91	16303560	Downward Expansion	-89	92
2024-05-03	14.03	19.80	-34.78	38211287	Downward Expansion	-89	75
2024-04-26	18.44	19.99	-13.69	10227519	Downward Expansion	-61	47
2024-04-19	17.59	20.04	-14.38	11921584	Rotation Down	-70	60
2024-04-12	17.96	20.10	-17.47	10198231	Rotation Down	-39	50
2024-04-05	18.17	20.16	-17.03	12135961	Rotation Down	-38	61
2024-03-29	18.21	20.29	-17.69	6646568	Rotation Down	-31	61
2024-03-22	18.29	20.43	-17.99	13343483	Rotation Down	-33	61
2024-03-15	17.77	20.52	-18.05	12737418	Rotation Down	-41	60
2024-03-08	18.63	20.64	-15.22	13425743	Deceleration	-33	34
2024-03-01	20.26	20.77	-9.35	14980553	Deceleration	-16	19
2024-02-23	20.25	20.79	-7.80	7745970	Deceleration	13	13
2024-02-16	20.69	20.71	-4.62	12707285	Deceleration	26	15
2024-02-09	21.71	20.58	-1.58	21120252	Deceleration	35	19
2024-02-02	22.33	20.44	3.00	12084417	Deceleration	41	26
2024-01-26	22.14	20.24	3.32	12939606	Upward Expansion	43	27
2024-01-19	21.24	20.09	-0.46	10801205	Upward Expansion	57	38
2024-01-12	23.59	19.92	13.56	10176082	Upward Expansion	69	69
2024-01-05	21.91	19.69	9.03	11086178	Upward Expansion	65	75
2023-12-29	23.49	19.49	13.32	5811308	Upward Expansion	70	80
2023-12-22	23.96	19.22	16.05	10262944	Upward Expansion	79	81
2023-12-15	24.15	18.92	18.38	19120306	Deceleration	81	69
2023-12-08	20.26	18.62	2.87	8781477	Deceleration	41	29
2023-12-01	21.21	18.42	8.27	13938386	Deceleration	47	24
2023-11-24	18.89	18.15	-3.39	5757338	Deceleration	7	9
2023-11-17	18.56	17.96	-4.24	11681398	Deceleration	2	20
2023-11-10	17.45	17.85	-8.07	13109896	Deceleration	-7	22
2023-11-03	19.00	17.73	2.79	15821388	Deceleration	4	18
2023-10-27	17.67	17.59	1.98	10484844	Deceleration	-3	18
2023-10-20	18.55	17.52	4.33	12403148	Deceleration	8	15
2023-10-13	17.74	17.36	-3.00	8078423	Deceleration	15	19

Price vs TrendAbove+25.1%

Trend directionRising+9.8%

Price vs current Fair ValueBelow anchor-8.4%

Fair Value directionClosing upward+20.9%

Relative Strength vs benchmarkLeading+6.1%

Relative strength directionImproving+23.7%

Price momentumPositive+53.6%

Volume balanceDemand-led3.81×

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

50 / ±100

-17.6 points since 2026-09-04

Energy

35 /100

-49.0 points since 2026-09-04

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

FRSH Directional State ↗ FRSH Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance24

Rotation Up38

Upward Expansion67

Deceleration85

Rotation Down27

Downward Expansion17

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

2023-10-13 to 2026-10-02 · 156 classified observations out of 156 shown.

Balance 15%Rotation Up 5%Upward Expansion 18%Deceleration 14%Rotation Down 7%Downward Expansion 41%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Deceleration	2026-10-02	2026-10-02	New	+0.0%
Upward Expansion	2026-08-07	2026-09-25	Developing	+5.9%
Rotation Up	2026-07-10	2026-07-31	New	+9.6%
Balance	2026-05-22	2026-07-03	Developing	+13.9%
Downward Expansion	2026-02-06	2026-05-15	Established	+0.4%
Balance	2025-12-19	2026-01-30	Developing	-14.0%
Downward Expansion	2025-08-08	2025-12-12	Established	+4.1%
Balance	2025-05-30	2025-08-01	Developing	-17.0%
Downward Expansion	2025-05-16	2025-05-23	New	-6.9%
Rotation Down	2025-04-11	2025-05-09	Developing	+16.2%
Deceleration	2025-03-07	2025-04-04	Developing	-22.2%
Upward Expansion	2024-11-29	2025-02-28	Established	+6.7%
Rotation Up	2024-11-08	2024-11-22	New	+0.6%
Downward Expansion	2024-04-26	2024-11-01	Extended	-34.7%

Classic Stage Analysis comparison

Stage 1 · Basing41

Stage 2 · Advancing44

Stage 3 · Distribution29

Stage 4 · Declining0

Legacy result: Stage 1 · Stage 1C · Breakout watch. 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

Leading benchmark

Architecture confirmation: 87/100
Current Relative Strength: 6.11
Relative Strength direction: Improving
Price momentum: +53.6%
Excess performance vs benchmark: +25.5%
Technology regime cohort: 100th percentile78 in cohort

Test FRSH trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.34×

Latest completed volume relative to typical participation.

Up/down volume3.81×

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+75.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+12.5%

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 FRSH Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity USD 12.49falling

Slow Activity USD 11.17rising

Trend Reference USD 10.22+25.1% close margin

Current Fair Value USD 13.95-8.4% close margin

Structural low USD 7.51shock / repair context

What changes the read?

Renewed positive order and expanding width produce re-acceleration; fast/slow failure with downside acceptance produces Rotation Down.

Range context +9.3%

Annualized volatility +40.7%

From structural high -8.6%

From structural low +88.2%

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 move	Positive periods	Directional follow-through	Median excess vs QQQ	Regime survived	Read
Near term	7	-2.6%-22.2% to +19.6%	+42.9%	+42.9%	-3.4%	+57.1%	Usable descriptive sample
Intermediate	3	-0.7%-37.2% to +12.3%	+33.3%	+33.3%	-8.6%	+0.0%	Too little matched history
Extended	2	-12.8%-18.7% to -6.9%	+0.0%	+0.0%	-32.1%	+0.0%	Too little matched history
Full cycle	2	-43.9%-45.4% to -42.4%	+0.0%	+0.0%	-72.4%	+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.

FRSH Stage Analysis

What the Activity Line geometry says now

The upward structure remains, but its energy is decelerating.

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

The upward structure remains, but its energy is decelerating.

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