Weekly structural research · NYSE · Technology

GLOB Stage Analysis

Globant SA

Week ending 9 Oct 2026Close USD 36.32Tenure DevelopingBenchmark SPY

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Balance · Balance after decline

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 down within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: compressed and contracting.

Direction -36−100 bearish to +100 bullish

Energy 24/100directional strength

Maturity 28/100lifecycle context

Confidence 62/100evidence agreement

Trend gate Downstructural direction

Activity structure Compressedcontracting separation

Price acceptance -50.0%position within the Activity structure

Fair Value context -71.8%USD 128.65 · 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
2026-10-09	36.32	38.16	-31.60	3007879	Balance	-36	24
2026-10-02	35.10	38.45	-33.91	5193572	Balance	-37	24
2026-09-25	34.50	39.00	-35.99	3607155	Balance	-36	20
2026-09-18	35.59	39.51	-33.92	6029823	Balance	-14	12
2026-09-11	37.75	39.85	-30.73	4683397	Balance	-5	17
2026-09-04	39.13	40.24	-29.45	4852354	Balance	-5	19
2026-08-28	40.52	40.94	-27.78	4408155	Balance	-0	17
2026-08-21	39.62	41.81	-30.01	10126225	Downward Expansion	-15	20
2026-08-14	37.38	42.79	-35.84	15514409	Downward Expansion	-34	22
2026-08-07	37.40	43.82	-36.61	6051812	Downward Expansion	-41	26
2026-07-31	36.60	44.85	-36.91	10855732	Downward Expansion	-49	39
2026-07-24	31.30	45.74	-46.52	7330184	Downward Expansion	-64	55
2026-07-17	32.23	46.94	-46.62	8079020	Downward Expansion	-65	60
2026-07-10	29.96	48.18	-52.19	11406013	Downward Expansion	-73	74
2026-07-03	32.51	49.44	-48.59	10064181	Downward Expansion	-66	70
2026-06-26	30.03	50.73	-52.60	17477813	Downward Expansion	-78	74
2026-06-19	30.74	51.85	-53.75	7776727	Downward Expansion	-82	61
2026-06-12	37.49	52.92	-44.36	5933651	Downward Expansion	-67	52
2026-06-05	38.30	53.71	-44.13	9590807	Downward Expansion	-66	53
2026-05-29	40.36	54.46	-43.97	6093028	Downward Expansion	-63	67
2026-05-22	40.13	55.16	-44.76	9682096	Downward Expansion	-63	71
2026-05-15	38.91	55.82	-47.24	16709421	Downward Expansion	-71	75
2026-05-08	39.23	56.45	-47.90	6716504	Downward Expansion	-71	54
2026-05-01	40.62	57.05	-46.57	6431823	Downward Expansion	-71	50
2026-04-24	42.84	57.70	-44.70	7596857	Downward Expansion	-67	45
2026-04-17	49.97	58.21	-36.92	7070348	Downward Expansion	-59	44
2026-04-10	43.26	58.44	-44.21	6057576	Downward Expansion	-69	55
2026-04-03	47.85	58.87	-37.55	4429384	Downward Expansion	-63	54
2026-03-27	44.52	59.38	-41.14	4680157	Downward Expansion	-69	65
2026-03-20	44.71	60.14	-43.54	6142456	Downward Expansion	-72	73
2026-03-13	44.95	60.98	-45.67	6435938	Downward Expansion	-76	82
2026-03-06	51.61	61.70	-40.15	7841465	Downward Expansion	-65	78
2026-02-27	49.76	62.47	-44.85	13131925	Downward Expansion	-67	78
2026-02-20	45.82	63.47	-50.79	5734695	Downward Expansion	-81	79
2026-02-13	49.40	65.04	-47.75	9422061	Balance	-64	49
2026-02-06	60.03	66.20	-39.83	8402533	Balance	-14	9
2026-01-30	66.88	67.04	-35.49	7311196	Balance	21	17
2026-01-23	69.04	67.87	-35.32	5774903	Balance	9	10
2026-01-16	68.20	68.60	-38.17	5329094	Balance	-2	6
2026-01-09	68.39	69.25	-40.11	4873591	Balance	2	9
2026-01-02	63.07	70.11	-45.56	3743136	Balance	-9	14
2025-12-26	67.48	71.37	-44.15	2500596	Balance	1	24
2025-12-19	69.48	72.39	-43.37	6629081	Balance	7	26
2025-12-12	67.70	73.43	-46.34	5753687	Balance	-2	19
2025-12-05	71.21	74.55	-45.37	6006136	Downward Expansion	3	15
2025-11-28	63.63	76.47	-52.37	3312847	Downward Expansion	-38	29
2025-11-21	62.88	78.33	-52.54	8744421	Downward Expansion	-43	36
2025-11-14	61.07	80.20	-56.03	9851485	Downward Expansion	-48	45
2025-11-07	60.70	81.70	-57.27	6977363	Downward Expansion	-49	48
2025-10-31	61.58	83.27	-58.49	5992779	Downward Expansion	-52	53
2025-10-24	59.78	84.57	-60.40	6273412	Downward Expansion	-63	60
2025-10-17	57.77	86.52	-61.96	6779875	Downward Expansion	-67	64
2025-10-10	57.34	88.95	-62.53	5853500	Downward Expansion	-70	66
2025-10-03	60.23	91.51	-62.44	8925520	Downward Expansion	-68	68
2025-09-26	58.01	94.18	-64.14	8057715	Downward Expansion	-72	83
2025-09-19	57.00	97.26	-65.58	8445987	Downward Expansion	-79	87
2025-09-12	56.11	100.42	-66.35	7587181	Downward Expansion	-87	87
2025-09-05	63.12	106.03	-62.32	5962504	Downward Expansion	-80	91
2025-08-29	67.26	111.18	-60.50	5584843	Downward Expansion	-75	90
2025-08-22	69.93	116.05	-59.70	9248492	Downward Expansion	-76	89
2025-08-15	66.46	120.52	-62.29	15198305	Downward Expansion	-88	90
2025-08-08	74.68	125.42	-58.00	9642615	Downward Expansion	-77	62
2025-08-01	79.79	129.85	-54.74	7920052	Downward Expansion	-74	59
2025-07-25	92.87	134.50	-49.40	7095849	Downward Expansion	-63	56
2025-07-18	84.34	138.65	-54.00	5333448	Downward Expansion	-71	64
2025-07-11	85.21	143.22	-53.91	5059266	Downward Expansion	-73	66
2025-07-04	91.72	147.61	-51.20	2894699	Downward Expansion	-66	64
2025-06-27	91.13	152.21	-51.24	5993194	Downward Expansion	-70	65
2025-06-20	87.63	156.76	-52.05	5850737	Downward Expansion	-78	70
2025-06-13	94.04	161.49	-49.17	4676657	Downward Expansion	-73	83
2025-06-06	100.87	165.13	-46.14	4481252	Downward Expansion	-67	74
2025-05-30	98.09	169.48	-47.16	4583511	Downward Expansion	-73	65
2025-05-23	100.62	173.21	-45.31	7406892	Downward Expansion	-75	63
2025-05-16	101.47	177.12	-46.72	17542679	Downward Expansion	-63	50
2025-05-09	128.79	181.20	-29.43	3753266	Downward Expansion	-52	52
2025-05-02	119.49	183.82	-35.22	2458762	Downward Expansion	-65	63
2025-04-25	118.93	186.28	-34.25	4259500	Downward Expansion	-68	67
2025-04-18	105.93	188.91	-39.25	2448525	Downward Expansion	-73	79
2025-04-11	107.82	191.68	-39.62	6196835	Downward Expansion	-76	86
2025-04-04	100.55	194.65	-41.10	5794998	Downward Expansion	-88	95
2025-03-28	118.48	197.80	-37.56	5110831	Downward Expansion	-83	93
2025-03-21	130.68	200.59	-32.82	5738343	Downward Expansion	-76	91
2025-03-14	134.00	203.01	-31.34	4259622	Downward Expansion	-80	93
2025-03-07	140.36	205.35	-30.45	3917291	Rotation Down	-84	92
2025-02-28	150.53	206.85	-28.40	8260471	Rotation Down	-57	73
2025-02-21	151.72	208.17	-29.24	8277277	Rotation Down	-43	50
2025-02-14	224.46	209.53	1.92	2386750	Balance	39	17
2025-02-07	217.45	208.53	-0.26	2579969	Balance	15	10
2025-01-31	213.32	207.75	-2.99	2167576	Balance	10	13
2025-01-24	204.07	206.53	-8.88	2383294	Balance	2	10
2025-01-17	213.52	205.67	-3.81	1982942	Balance	25	15
2025-01-10	207.48	204.29	-4.41	1327425	Balance	23	13
2025-01-03	219.28	202.69	-1.66	1147769	Upward Expansion	36	18
2024-12-27	217.60	200.52	-3.45	579141	Upward Expansion	41	25
2024-12-20	221.49	198.63	-1.79	3143158	Upward Expansion	53	35
2024-12-13	216.78	196.80	-6.23	2103018	Upward Expansion	57	41
2024-12-06	229.73	195.17	-2.03	1865931	Upward Expansion	64	45
2024-11-29	227.76	193.28	-2.62	1012977	Upward Expansion	67	48
2024-11-22	229.25	191.87	-1.42	3116439	Upward Expansion	71	47
2024-11-15	203.29	190.26	-11.55	3494116	Upward Expansion	59	44
2024-11-08	231.36	189.46	-1.98	2475719	Upward Expansion	80	81
2024-11-01	210.12	188.16	-6.80	1380520	Upward Expansion	62	71
2024-10-25	218.04	187.73	-4.92	1564124	Upward Expansion	71	73
2024-10-18	223.67	187.19	-3.58	2514042	Deceleration	80	67
2024-10-11	207.34	186.31	-10.07	3311041	Deceleration	63	33
2024-10-04	193.45	186.62	-15.50	1990311	Deceleration	36	18
2024-09-27	197.65	187.26	-14.01	1639229	Deceleration	42	22
2024-09-20	189.10	188.08	-17.75	2376189	Rotation Up	15	16
2024-09-13	197.00	189.33	-13.66	1375304	Rotation Up	29	31
2024-09-06	194.97	190.23	-11.57	1343488	Rotation Up	31	42
2024-08-30	202.24	191.83	-12.48	1069712	Rotation Up	28	40
2024-08-23	203.19	193.41	-12.22	2064018	Rotation Up	32	37
2024-08-16	204.24	194.57	-10.85	2560384	Balance	19	33
2024-08-09	185.44	195.48	-15.97	2457103	Balance	-1	19
2024-08-02	190.11	197.18	-14.02	1792500	Balance	1	25
2024-07-26	192.60	198.22	-14.91	2582432	Balance	3	25
2024-07-19	194.35	199.73	-14.97	3139070	Downward Expansion	4	23
2024-07-12	194.16	201.03	-16.95	3155710	Downward Expansion	-17	25
2024-07-05	176.75	202.67	-23.97	1287771	Downward Expansion	-44	33
2024-06-28	178.26	204.36	-22.17	3955935	Downward Expansion	-52	48
2024-06-21	172.06	205.96	-25.20	3425585	Downward Expansion	-66	62
2024-06-14	159.31	207.46	-30.60	3031753	Downward Expansion	-69	77
2024-06-07	154.17	208.97	-32.13	3492385	Downward Expansion	-80	89
2024-05-31	161.12	209.62	-28.61	2025183	Downward Expansion	-77	85
2024-05-24	166.49	210.43	-26.98	2566930	Downward Expansion	-76	84
2024-05-17	167.75	210.52	-26.82	3472756	Downward Expansion	-79	85
2024-05-10	173.14	210.94	-23.52	3594679	Downward Expansion	-78	84
2024-05-03	185.55	211.52	-16.54	1901553	Rotation Down	-66	79
2024-04-26	180.83	212.06	-18.13	1800929	Rotation Down	-49	73
2024-04-19	179.29	212.62	-16.78	1884693	Rotation Down	-56	73
2024-04-12	192.34	213.30	-13.53	1484800	Rotation Down	-39	64
2024-04-05	197.30	213.58	-12.65	2087456	Rotation Down	-34	60
2024-03-29	201.90	213.75	-11.37	1920564	Rotation Down	-30	51
2024-03-22	197.24	213.76	-13.19	3965774	Upward Expansion	-38	43
2024-03-15	216.59	213.55	-2.62	2189704	Upward Expansion	5	19
2024-03-08	212.61	212.19	-4.31	2693506	Upward Expansion	2	15
2024-03-01	222.28	210.84	-0.12	2093535	Upward Expansion	35	21
2024-02-23	226.52	209.31	2.79	1782060	Upward Expansion	43	30
2024-02-16	224.04	207.55	3.50	3007267	Upward Expansion	58	42
2024-02-09	242.99	206.21	11.96	1891592	Upward Expansion	62	50
2024-02-02	249.69	204.50	17.06	2756606	Upward Expansion	75	54
2024-01-26	238.01	202.07	13.62	1722308	Upward Expansion	65	44
2024-01-19	231.56	200.13	12.07	1374942	Upward Expansion	60	44
2024-01-12	236.24	198.24	16.02	2344126	Upward Expansion	67	51
2024-01-05	221.31	196.49	11.06	1321670	Upward Expansion	64	55
2023-12-29	237.98	195.07	17.85	906284	Upward Expansion	71	81
2023-12-22	233.47	193.42	16.31	2298191	Upward Expansion	68	82
2023-12-15	243.38	191.64	22.69	3149816	Upward Expansion	81	87
2023-12-08	227.27	189.10	17.72	1587373	Upward Expansion	74	80
2023-12-01	226.50	186.12	17.82	2094533	Balance	75	72
2023-11-24	216.88	183.30	13.85	2410625	Balance	66	40
2023-11-17	204.78	181.30	8.71	3668148	Balance	31	17
2023-11-10	173.70	179.64	-5.63	2070929	Balance	-20	26
2023-11-03	185.33	179.15	1.62	1542876	Balance	9	19
2023-10-27	169.12	177.95	-1.89	1446194	Upward Expansion	3	14
2023-10-20	180.42	177.78	1.68	1893470	Upward Expansion	26	14

Price vs TrendBelow-4.8%

Trend directionFalling-14.9%

Price vs current Fair ValueBelow anchor-71.8%

Fair Value directionClosing upward+7.0%

Relative Strength vs benchmarkLagging-31.6%

Relative strength directionImproving+20.6%

Price momentumNegative-16.0%

Volume balanceDemand-led1.14×

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

-36 / ±100

-30.8 points since 2026-09-11

Energy

24 /100

+7.3 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.

GLOB Directional State ↗ GLOB Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance51

Rotation Up10

Upward Expansion7

Deceleration63

Rotation Down54

Downward Expansion66

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

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

Balance 21%Rotation Up 3%Upward Expansion 19%Deceleration 3%Rotation Down 6%Downward Expansion 49%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Balance	2026-08-28	2026-10-09	Developing	-10.4%
Downward Expansion	2026-02-20	2026-08-21	Extended	-13.5%
Balance	2025-12-12	2026-02-13	Developing	-27.0%
Downward Expansion	2025-03-14	2025-12-05	Extended	-46.9%
Rotation Down	2025-02-21	2025-03-07	New	-7.5%
Balance	2025-01-10	2025-02-14	Developing	+8.2%
Upward Expansion	2024-10-25	2025-01-03	Developing	+0.6%
Deceleration	2024-09-27	2024-10-18	New	+13.2%
Rotation Up	2024-08-23	2024-09-20	Developing	-6.9%
Balance	2024-07-26	2024-08-16	New	+6.0%
Downward Expansion	2024-05-10	2024-07-19	Developing	+12.3%
Rotation Down	2024-03-29	2024-05-03	Developing	-8.1%
Upward Expansion	2023-12-08	2024-03-22	Established	-13.2%
Balance	2023-11-03	2023-12-01	Developing	+22.2%

Classic Stage Analysis comparison

Stage 1 · Basing75

Stage 2 · Advancing0

Stage 3 · Distribution3

Stage 4 · Declining100

Legacy result: Stage 4 · Stage 4B · Declining. 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

Lagging benchmark

Architecture confirmation: 82/100
Current Relative Strength: -31.60
Relative Strength direction: Improving
Price momentum: -16.0%
Excess performance vs benchmark: -30.9%
Technology regime cohort: 50th percentile32 in cohort

Test GLOB trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.38×

Latest completed volume relative to typical participation.

Up/down volume1.14×

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+25.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+25.0%

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 GLOB Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity USD 35.63falling

Slow Activity USD 36.56falling

Trend Reference USD 38.16-4.8% close margin

Current Fair Value USD 128.65-71.8% close margin

Structural low USD 27.56shock / 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 +12.2%

Annualized volatility +54.4%

From structural high -49.6%

From structural low +31.8%

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	12	+0.7%-35.5% to +22.2%	+58.3%	+58.3%	+0.0%	+41.7%	Usable descriptive sample
Intermediate	6	-1.6%-48.0% to +34.7%	+50.0%	+50.0%	-1.8%	+0.0%	Usable descriptive sample
Extended	6	-14.7%-54.5% to +13.7%	+50.0%	+50.0%	-22.1%	+16.7%	Usable descriptive sample
Full cycle	4	-19.8%-67.0% to +13.4%	+25.0%	+25.0%	-25.4%	+25.0%	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.

GLOB 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

Lagging 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 ?

Lagging 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