Weekly structural research · NASDAQ · Technology

FIVN Stage Analysis

Five9 Inc

Week ending 25 Sep 2026Close USD 35.77Tenure DevelopingBenchmark QQQ

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Upward Expansion · Re-accelerating

The weekly architecture is expanding upward.

Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing.

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

Direction 73−100 bearish to +100 bullish

Energy 52/100directional strength

Maturity 76/100lifecycle context

Confidence 81/100evidence agreement

Trend gate Upstructural direction

Activity structure Widecontracting separation

Price acceptance +66.7%position within the Activity structure

Fair Value context -2.5%USD 36.68 · 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	35.77	23.81	43.14	15724309	Upward Expansion	73	52
2026-09-18	32.47	23.20	34.67	15057063	Upward Expansion	62	51
2026-09-11	30.66	22.76	28.38	5090660	Upward Expansion	64	57
2026-09-04	33.27	22.30	38.42	7408833	Upward Expansion	67	80
2026-08-28	34.05	21.76	42.15	7614820	Upward Expansion	74	88
2026-08-21	32.75	21.21	37.31	8724193	Upward Expansion	74	88
2026-08-14	33.00	20.73	34.70	11816539	Upward Expansion	82	87
2026-08-07	33.99	20.22	40.27	20405703	Upward Expansion	90	85
2026-07-31	27.51	19.75	19.61	30013791	Upward Expansion	73	68
2026-07-24	23.12	19.46	0.84	12366902	Upward Expansion	56	50
2026-07-17	25.58	19.35	8.71	9346976	Upward Expansion	68	58
2026-07-10	25.42	19.18	2.87	10776771	Deceleration	69	39
2026-07-03	23.44	19.04	-4.13	8971523	Deceleration	50	26
2026-06-26	21.32	18.95	-12.89	15160722	Upward Expansion	41	24
2026-06-19	19.40	18.89	-25.10	11729302	Upward Expansion	47	33
2026-06-12	21.23	18.88	-16.96	12377534	Upward Expansion	63	55
2026-06-05	23.52	18.84	-6.96	18104635	Rotation Up	69	75
2026-05-29	24.35	18.72	-9.08	12362019	Rotation Up	51	73
2026-05-22	22.76	18.72	-13.40	18111239	Rotation Up	36	63
2026-05-15	21.64	18.75	-17.55	18964698	Rotation Up	29	40
2026-05-08	22.10	18.74	-17.08	26764815	Rotation Up	33	36
2026-05-01	22.24	18.69	-13.02	26002925	Rotation Up	-1	10
2026-04-24	16.55	18.71	-34.86	10355158	Downward Expansion	-56	38
2026-04-17	15.78	19.00	-37.42	10215291	Downward Expansion	-62	55
2026-04-10	13.61	19.36	-43.42	10276154	Downward Expansion	-74	74
2026-04-03	15.01	19.76	-35.72	7978916	Downward Expansion	-66	70
2026-03-27	14.43	20.15	-36.63	10329087	Downward Expansion	-73	65
2026-03-20	15.53	20.57	-35.04	9311303	Downward Expansion	-70	48
2026-03-13	15.76	20.97	-36.45	10175958	Downward Expansion	-70	40
2026-03-06	18.09	21.31	-28.94	17724643	Downward Expansion	-45	31
2026-02-27	17.44	21.52	-33.44	17150107	Downward Expansion	-62	42
2026-02-20	19.32	21.75	-27.83	16285265	Downward Expansion	-60	44
2026-02-13	16.75	22.07	-38.03	11806788	Downward Expansion	-71	69
2026-02-06	17.08	22.41	-38.84	14712205	Downward Expansion	-73	75
2026-01-30	17.66	22.72	-39.30	9791977	Downward Expansion	-67	59
2026-01-23	18.32	23.06	-38.39	11793838	Downward Expansion	-64	62
2026-01-16	17.59	23.34	-41.79	8705935	Downward Expansion	-73	62
2026-01-09	19.86	23.65	-35.95	8362467	Downward Expansion	-55	41
2026-01-02	18.81	23.88	-39.01	5962908	Downward Expansion	-67	43
2025-12-26	19.99	24.22	-37.47	4303087	Downward Expansion	-49	33
2025-12-19	20.54	24.44	-36.10	10851085	Downward Expansion	-55	38
2025-12-12	21.14	24.64	-35.04	7147819	Downward Expansion	-60	46
2025-12-05	20.65	24.87	-38.76	9943491	Downward Expansion	-62	65
2025-11-28	19.59	25.07	-42.31	6311282	Downward Expansion	-66	73
2025-11-21	18.94	25.24	-42.47	11539221	Downward Expansion	-75	67
2025-11-14	20.27	25.44	-41.31	10490360	Downward Expansion	-70	48
2025-11-07	19.84	25.51	-43.47	22485440	Downward Expansion	-76	54
2025-10-31	24.28	25.62	-33.82	8756831	Downward Expansion	-60	62
2025-10-24	23.57	25.58	-35.05	7932329	Downward Expansion	-61	70
2025-10-17	21.56	25.72	-39.72	9268816	Downward Expansion	-70	75
2025-10-10	20.61	26.00	-41.47	10004817	Downward Expansion	-79	72
2025-10-03	22.80	26.30	-37.26	10418319	Balance	-67	53
2025-09-26	25.12	26.62	-30.55	8104267	Balance	-40	20
2025-09-19	26.49	26.99	-27.49	9997572	Balance	-18	8
2025-09-12	25.84	27.51	-28.05	8656564	Balance	-23	11
2025-09-05	26.70	27.99	-24.67	7539854	Balance	-27	12
2025-08-29	26.92	28.46	-23.72	7804499	Downward Expansion	-38	19
2025-08-22	27.57	28.93	-22.60	9723075	Downward Expansion	-39	26
2025-08-15	26.04	29.33	-28.07	11998734	Downward Expansion	-49	31
2025-08-08	24.39	29.71	-32.81	12457671	Downward Expansion	-61	36
2025-08-01	24.28	30.15	-31.19	15361121	Downward Expansion	-54	30
2025-07-25	28.84	30.71	-21.20	7201673	Downward Expansion	-14	10
2025-07-18	26.94	31.13	-26.82	7972780	Downward Expansion	-38	24
2025-07-11	26.60	31.65	-27.80	10459139	Downward Expansion	-40	27
2025-07-04	27.71	32.17	-25.93	9697015	Downward Expansion	-29	23
2025-06-27	26.74	32.66	-28.23	19062266	Downward Expansion	-31	21
2025-06-20	26.85	33.15	-25.86	4881929	Downward Expansion	-38	24
2025-06-13	26.65	33.60	-27.16	7940128	Downward Expansion	-38	25
2025-06-06	29.15	33.98	-21.58	9700384	Downward Expansion	-36	24
2025-05-30	26.51	34.24	-27.96	7343354	Downward Expansion	-40	29
2025-05-23	26.59	34.38	-27.39	9500962	Downward Expansion	-43	33
2025-05-16	28.05	34.48	-26.34	6168147	Downward Expansion	-46	36
2025-05-09	26.52	34.57	-26.81	10093984	Downward Expansion	-61	51
2025-05-02	24.83	34.70	-32.75	16396471	Downward Expansion	-64	63
2025-04-25	25.06	34.85	-31.25	8096207	Downward Expansion	-67	81
2025-04-18	22.32	34.97	-36.19	5228394	Downward Expansion	-77	89
2025-04-11	23.07	35.15	-36.90	12643809	Rotation Down	-80	89
2025-04-04	23.00	35.33	-33.73	10507486	Rotation Down	-60	80
2025-03-28	27.75	35.52	-29.29	7390982	Rotation Down	-50	74
2025-03-21	30.14	35.67	-26.37	6249822	Rotation Down	-37	62
2025-03-14	29.48	35.79	-29.00	9356223	Balance	-40	47
2025-03-07	32.48	35.91	-24.99	10268165	Balance	-10	16
2025-02-28	36.20	35.86	-20.28	14063568	Upward Expansion	14	11
2025-02-21	42.09	36.02	-11.78	15415738	Upward Expansion	60	39
2025-02-14	40.12	36.17	-18.95	4029402	Deceleration	51	34
2025-02-07	40.87	36.32	-16.69	6326849	Deceleration	45	27
2025-01-31	40.99	36.41	-18.08	7003703	Deceleration	41	24
2025-01-24	39.74	36.47	-23.13	4678206	Deceleration	35	24
2025-01-17	37.39	36.62	-28.11	4979335	Rotation Up	39	24
2025-01-10	37.58	36.76	-27.26	4579186	Rotation Up	20	26
2025-01-03	41.04	36.90	-23.98	2364487	Rotation Up	36	43
2024-12-27	41.42	36.96	-25.29	2092719	Rotation Up	39	52
2024-12-20	42.63	37.14	-23.98	7614980	Rotation Up	44	71
2024-12-13	42.21	37.39	-27.88	6188149	Rotation Up	37	73
2024-12-06	42.48	37.75	-28.41	5419937	Rotation Up	43	73
2024-11-29	41.28	38.10	-29.65	5921915	Rotation Up	41	51
2024-11-22	40.32	38.65	-32.16	6933522	Downward Expansion	22	38
2024-11-15	38.07	39.28	-35.94	18414106	Downward Expansion	8	21
2024-11-08	36.82	39.91	-41.23	14372239	Downward Expansion	-22	20
2024-11-01	30.96	40.67	-48.66	5773534	Downward Expansion	-45	40
2024-10-25	29.55	41.63	-52.59	7939349	Downward Expansion	-49	44
2024-10-18	30.58	42.71	-51.63	6183377	Downward Expansion	-50	49
2024-10-11	30.38	43.72	-52.61	5573201	Downward Expansion	-63	60
2024-10-04	29.41	44.71	-54.26	5841822	Downward Expansion	-65	65
2024-09-27	28.76	45.67	-55.98	11733889	Downward Expansion	-68	76
2024-09-20	27.77	46.79	-57.78	8989443	Downward Expansion	-77	84
2024-09-13	28.49	48.00	-56.82	8950685	Downward Expansion	-79	88
2024-09-06	28.61	49.47	-54.80	9698905	Downward Expansion	-83	92
2024-08-30	32.25	51.15	-52.78	7828323	Downward Expansion	-73	89
2024-08-23	33.77	52.52	-51.75	6833159	Downward Expansion	-72	85
2024-08-16	32.92	53.97	-53.27	11462783	Downward Expansion	-80	71
2024-08-09	31.22	55.45	-54.03	19177140	Downward Expansion	-87	66
2024-08-02	40.77	56.99	-40.69	5507375	Downward Expansion	-61	49
2024-07-26	46.76	58.04	-35.10	4551271	Downward Expansion	-47	46
2024-07-19	44.44	59.11	-40.79	6198439	Downward Expansion	-61	58
2024-07-12	43.74	60.29	-44.95	7151352	Downward Expansion	-64	64
2024-07-05	42.88	61.56	-47.06	4219257	Downward Expansion	-66	67
2024-06-28	44.10	62.81	-44.50	6180637	Downward Expansion	-68	79
2024-06-21	41.52	63.99	-48.57	5597202	Downward Expansion	-79	92
2024-06-14	41.74	65.09	-48.94	7539258	Downward Expansion	-86	94
2024-06-07	42.99	66.12	-46.31	10033366	Downward Expansion	-91	96
2024-05-31	46.76	66.80	-40.78	5208727	Downward Expansion	-87	94
2024-05-24	50.04	67.35	-38.28	4263983	Downward Expansion	-83	91
2024-05-17	53.07	67.57	-34.08	5136239	Downward Expansion	-75	78
2024-05-10	53.06	67.81	-33.13	6847220	Downward Expansion	-80	73
2024-05-03	57.88	68.04	-26.26	9159461	Downward Expansion	-64	55
2024-04-26	58.98	68.25	-24.41	4484354	Downward Expansion	-61	53
2024-04-19	57.09	68.43	-24.47	5175338	Downward Expansion	-72	55
2024-04-12	59.54	68.73	-26.06	6253479	Downward Expansion	-65	52
2024-04-05	59.82	68.92	-26.77	6477326	Rotation Down	-66	62
2024-03-29	62.11	69.21	-25.30	3856410	Rotation Down	-37	65
2024-03-22	60.83	69.56	-27.87	5896639	Rotation Down	-39	71
2024-03-15	59.90	69.94	-27.33	7531407	Rotation Down	-35	70
2024-03-08	58.42	70.30	-30.38	8545981	Rotation Down	-44	68
2024-03-01	62.32	70.70	-27.44	16397502	Deceleration	-34	43
2024-02-23	64.00	71.30	-24.62	13051869	Deceleration	-11	17
2024-02-16	72.67	71.97	-14.02	3813361	Deceleration	31	15
2024-02-09	78.96	72.41	-8.86	3738994	Deceleration	45	24
2024-02-02	73.33	72.64	-14.44	4001360	Deceleration	36	19
2024-01-26	77.22	72.89	-9.69	4688532	Deceleration	10	10
2024-01-19	77.21	73.06	-9.85	3283097	Rotation Up	13	13
2024-01-12	77.63	73.07	-7.47	2695326	Rotation Up	17	18
2024-01-05	72.28	73.03	-11.64	3729992	Rotation Up	28	28
2023-12-29	78.69	73.09	-7.43	2119072	Rotation Up	26	45
2023-12-22	79.88	72.81	-6.28	4266740	Rotation Up	28	61
2023-12-15	81.88	72.10	-3.49	5908525	Rotation Up	37	63
2023-12-08	80.39	71.43	-2.57	17612241	Rotation Up	37	45
2023-12-01	79.59	70.46	-3.26	5965629	Downward Expansion	39	42
2023-11-24	74.30	69.66	-9.84	2975065	Downward Expansion	-4	20
2023-11-17	72.91	69.35	-10.91	10853405	Downward Expansion	-23	18
2023-11-10	63.31	69.15	-21.19	6860105	Downward Expansion	-62	53
2023-11-03	63.30	69.42	-19.32	9554314	Downward Expansion	-64	65
2023-10-27	56.60	69.73	-23.30	5015329	Downward Expansion	-80	81
2023-10-20	60.09	70.25	-21.07	3504694	Rotation Down	-73	73
2023-10-13	60.21	70.34	-23.45	3552848	Rotation Down	-51	64
2023-10-06	63.99	70.35	-18.86	3340935	Rotation Down	-32	57

Price vs TrendAbove+50.2%

Trend directionRising+23.0%

Price vs current Fair ValueBelow anchor-2.5%

Fair Value directionClosing upward+44.7%

Relative Strength vs benchmarkLeading+43.1%

Relative strength directionImproving+56.0%

Price momentumPositive+147.9%

Volume balanceDemand-led2.60×

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

73 / ±100

-0.3 points since 2026-08-28

Energy

52 /100

-35.7 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.

FIVN Directional State ↗ FIVN Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance12

Rotation Up54

Upward Expansion81

Deceleration68

Rotation Down25

Downward Expansion8

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 5%Rotation Up 14%Upward Expansion 10%Deceleration 8%Rotation Down 8%Downward Expansion 56%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2026-07-17	2026-09-25	Developing	+39.8%
Deceleration	2026-07-03	2026-07-10	New	+8.4%
Upward Expansion	2026-06-12	2026-06-26	New	+0.4%
Rotation Up	2026-05-01	2026-06-05	Developing	+5.8%
Downward Expansion	2025-10-10	2026-04-24	Extended	-19.7%
Balance	2025-09-05	2025-10-03	Developing	-14.6%
Downward Expansion	2025-04-18	2025-08-29	Established	+20.6%
Rotation Down	2025-03-21	2025-04-11	New	-23.5%
Balance	2025-03-07	2025-03-14	New	-9.2%
Upward Expansion	2025-02-21	2025-02-28	New	-14.0%
Deceleration	2025-01-24	2025-02-14	New	+1.0%
Rotation Up	2024-11-29	2025-01-17	Developing	-9.4%
Downward Expansion	2024-04-12	2024-11-22	Extended	-32.3%
Rotation Down	2024-03-08	2024-04-05	Developing	+2.4%

Classic Stage Analysis comparison

Stage 1 · Basing36

Stage 2 · Advancing100

Stage 3 · Distribution34

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: 98/100
Current Relative Strength: 43.14
Relative Strength direction: Improving
Price momentum: +147.9%
Excess performance vs benchmark: +115.5%
Technology regime cohort: 97th percentile114 in cohort

Test FIVN trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.16×

Latest completed volume relative to typical participation.

Up/down volume2.60×

Participation balance between advancing and declining observations.

Accumulation / distribution4 / 0

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

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.

Explore FIVN Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity USD 33.42rising

Slow Activity USD 27.27rising

Trend Reference USD 23.81+50.2% close margin

Current Fair Value USD 36.68-2.5% close margin

Structural low USD 13.29shock / repair context

What changes the read?

Sustained fan recompression, a fast-line rollover or repeated closes inside/below the fan move the read toward Deceleration or Rotation Down.

Range context +12.0%

Annualized volatility +70.8%

From structural high -10.6%

From structural low +169.1%

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 QQQ	Regime survived	Read
Near term	8	-4.4%-28.4% to +29.0%	+37.5%	+37.5%	-0.5%	+50.0%	Usable descriptive sample
Intermediate	4	-27.6%-36.8% to +44.4%	+25.0%	+25.0%	-24.9%	+25.0%	Too little matched history
Extended	3	-29.7%-34.5% to -10.2%	+0.0%	+0.0%	-35.1%	+0.0%	Too little matched history
Full cycle	3	-48.3%-54.1% to -47.8%	+0.0%	+0.0%	-70.4%	+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.

FIVN Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding upward.

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 weekly architecture is expanding upward.

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