Shift4 Payments (NYSE:FOUR) is currently in Phase 7 of its 18-phase Adhishthana cycle on the weekly charts. The stock has struggled to perform for more than 300 days now. To understand why this prolonged weakness has persisted, let's break down the stock under the Adhishthana framework and assess what may lie ahead. Analysing Shift4 Payments' Cakra FormationAccording to the Adhishthana Principles, stocks typically form a Cakra structure between Phases 4 and 8. This structure, often resembling an arc-shaped ...

Core Viewpoint - Adobe is currently in Phase 18 of its Adhishthana cycle, which began in May 2025, and has experienced a decline of approximately 25% since then, leading to divided investor sentiment ahead of earnings on December 10 [1][6]. Group 1: Adhishthana Cycle Analysis - The Guna Triads, consisting of Phases 14, 15, and 16, are crucial for determining if Adobe can achieve a Nirvana move in Phase 18, which requires a sustained bullish structure known as Satoguna [2][4]. - Adobe entered Phase 14 in June 2023, but throughout its triads until October 2024, it exhibited consolidation and inconsistent rallies, indicating a lack of meaningful bullish structure [4][5]. - The absence of Satoguna in the triads has confirmed that Adobe would not achieve a Nirvana move in Phase 18, leading to consistent underperformance since entering this phase [5][6]. Group 2: Investor Outlook - With earnings approaching, volatility is expected to increase; however, the weak triad foundation suggests that Phase 18 will not yield a Nirvana move, and any potential rallies are unlikely to be sustained [6][7]. - The monthly charts indicate that Adobe is still in a descending phase of its Himalayan formation, suggesting that aggressive buying is not advisable at this time [7]. - The options market reflects this sentiment, with heavy call-writing open interest indicating expectations of capped upside and multiple resistance levels [7].

Core Viewpoint - Nutanix's stock fell over 18% after reporting earnings that were below analyst expectations and providing a weak forward outlook, indicating a pre-existing structural decline that was anticipated [1]. Group 1: Stock Performance and Analysis - Nutanix completed its Cakra formation and broke out in Phase 9, leading to a significant ascent, with a peak around $83.36 before entering a descent phase [2][4]. - The stock has since declined approximately 43% from its peak, which is considered normal for a descent leg in its current cycle [2]. - The current selling pressure aligns with the structural expectation that the stock will revisit the Cakra breakout level of around $31 [6]. Group 2: Future Projections - Nutanix is currently in Phase 12, with expectations that Phases 12 and 13 will focus on completing the descent, followed by a consolidation phase [7]. - Clarity regarding future performance will emerge when Phase 14 begins, which will determine the potential for a strong rally in Phase 18, referred to as Nirvana [7]. Group 3: Investor Sentiment - In July, most institutional ratings on Nutanix were bullish, but a cautious analysis highlighted structural risks and advised restraint [10]. - The descent is not complete until the stock approaches the ~$31 region, suggesting that new long positions are premature at this stage [11].

Core Insights - Entegris Inc. has entered the final phase of its Adhishthana Cycle, specifically Phase 18, and has experienced a significant drop of approximately 23% immediately after this transition [1][6] Group 1: Adhishthana Cycle Analysis - The Guna Triads, consisting of Phases 14, 15, and 16, are critical in determining if a stock can achieve a Nirvana move in Phase 18, which signifies a peak in the cycle [2] - Entegris' stock has shown a decisively bearish structure throughout Phases 14 to 16, resulting in a nearly 58% decline, thereby eliminating the possibility of a Nirvana move in Phase 18 [4] - The expected behavior of the stock in Phase 18 aligns with the Adhishthana framework, indicating sluggishness and structural weakness rather than bullish momentum [4] Group 2: Investor Outlook - The long-term outlook for Entegris remains muted due to the weak triad formation, with market participants positioning for continued sluggishness rather than recovery [5] - The stock is anticipated to remain in a consolidation phase throughout Phase 18, with limited upside potential and elevated downside risks [5] - Investors are advised to wait before initiating long positions, while existing holders should consider hedging strategies due to the prolonged consolidation path [5]

Core Insights - Nebius Group's stock has experienced a significant rally from $18 to $140 since April 2023, but this may not indicate long-term value based on the Adhishthana Principles [1] Group 1: Adhishthana Cycle Analysis - Nebius Group is currently in Phase 17 of its 18-phase Adhishthana Cycle, with Phases 14, 15, and 16 forming the Guna Triads that are critical for determining the potential for a Nirvana move in Phase 18 [2] - The stock has shown sharp bearishness and consolidation during its triad phases, declining nearly 83%, indicating that a Nirvana move in Phase 18 is unlikely [5] - Phase 17 is identified as a no-trade phase, suggesting that any rallies should not be pursued [6] Group 2: Future Projections - The transition to Phase 18 is expected in December 2025, which historically leads to sluggish or range-bound trading for such triad structures [6] - Recent stock retracement from $140 to $94 indicates potential exhaustion in the rally [6] - The company's recent earnings report shows a 153% widening of losses, further suggesting that the rally may be losing momentum [7] Group 3: Investor Outlook - The poor triad formation implies that the recent surge lacks structural strength, and the stock is likely to trade with a bearish bias and extended consolidation until at least mid-2027 [8] - While new deals with Meta could enhance business fundamentals, a cyclical cooling off is anticipated before any significant upside can be realized [9] - Investors are advised to wait for the rally to stabilize and seek value opportunities once the cycle resets [9]

Core Insights - H2O America (NASDAQ:HTO) is currently in the final 18th phase of its weekly Adhishthana cycle, with the stock trading within a narrow consolidation zone for several years [1] - The sluggish performance of H2O's stock is attributed to the lack of bullish momentum in the Guna Triads, which are essential for achieving a Nirvana phase in the cycle [2][5] - The current Phase 18 is expected to conclude in December 2025, indicating that the stock may continue its slow, directionless movement until the cycle resets [6] Guna Triads and Stock Performance - The Guna Triads consist of Phases 14, 15, and 16, which must exhibit Satoguna for a Nirvana move to occur in Phase 18 [2][3] - H2O's triads were formed without any bullishness, leading to a lack of decisive momentum and ruling out the possibility of a Nirvana rally early on [5] - The absence of noticeable Satoguna in the triads has muted H2O's performance, which is likely to persist until the end of Phase 18 [7] Investor Outlook - Investors are advised to revisit H2O stock once the cycle resets, particularly looking for better entry points in early phases, especially Phase 2 [7] - Until the cycle resets, it is recommended to remain patient and avoid premature positioning in the stock [7]

Core Viewpoint - NeoGenomics (NEO) is currently in Phase 18 of its Adhishthana Cycle, indicating a prolonged period of consolidation with little sign of breakout until August 2026 [1][10]. Summary by Sections NEO's Cycle Overview - NEO has closely followed the Adhishthana Principles throughout its cycle, particularly between Phases 9 and 12, demonstrating a strong alignment with the model [2]. - Stocks in Phases 4 through 8 typically form a Cakra, which has bullish implications, leading to a breakout in Phase 9, marking the start of the Himalayan Formation [3]. Historical Performance - From May 2016 to September 2019, NEO traded within its Cakra, then broke out sharply in Phase 9, rising from $18 to $34 [5]. - The stock continued to rally in Phase 10, reaching a peak of $61, but subsequently began to decline, falling over 70% back to the breakout level near $18 [6]. Challenges Faced - The issues for NEO began upon entering the Guna Triads (Phases 14, 15, and 16), which are critical for determining the potential for achieving Nirvana in Phase 18 [7]. - For Nirvana to occur, the Guna Triads must exhibit Satoguna, indicating a sustainable bullish move, which NEO failed to demonstrate [8]. Current Status and Outlook - NEO remains in consolidation for over 850 days, with the current phase concluding in August 2026, suggesting continued stagnation [10]. - Investors are advised to be cautious, as the stock is unlikely to show significant movement in the near term, remaining "stuck in the Matrix" [11].

Core Insights - RH is currently in Phase 18 of its Adhishthana cycle, which is the final stage, and has been range-bound for over 1,000 days, leading to investor uncertainty about its prolonged slump [1][8] - The stock's performance has been analyzed through the Adhishthana Principles, which combine behavioral archetypes and quantitative signals to predict market movements [2] Phase Analysis - The outlook for RH began to change when it entered Phase 14, where Phases 14, 15, and 16 form the Guna Triads that determine the potential for achieving Nirvana in Phase 18 [3] - For a successful Nirvana move, the Guna Triads must exhibit Satoguna, indicating a clear and sustainable bullish trend [3] Performance Issues - RH has not demonstrated any clean bullish runs across its Guna Triads, with brief rallies being sold off consistently, indicating a lack of Satoguna [6] - Since entering Phase 18, RH's stock price has declined from approximately $450 to around $150, currently hovering near the $200 range, with expectations of continued consolidation until Phase 18 concludes in March 2026 [7][8] Investor Outlook - Given the weak Guna Triad performance, RH is completing Phase 18 without achieving Nirvana, and the stock is anticipated to remain range-bound through March 2026 [8] - Long-term investors should consider the extended timeline of underperformance before viewing RH as a value opportunity, while options traders may explore range-bound credit spreads due to increasing open interest in deep OTM calls and puts [11]

Core Viewpoint - Dollar Tree has experienced a significant breakdown in its stock performance, contrary to typical expectations during Phase 9 of the Adhishthana cycle, indicating long-term underperformance and structural risk for the company [1][3]. Group 1: Adhishthana Cycle Analysis - Dollar Tree is currently in Phase 9 of its 18-phase Adhishthana cycle, which usually signifies powerful breakouts and the beginning of a rally [1]. - The stock created a Cakra formation between Phases 4 and 8, but instead of breaking upward in Phase 9, it broke down, triggering the Move of Pralay, which indicates prolonged underperformance [2][3]. - The breakdown has resulted in a decline of up to 51% for Dollar Tree, confirming the framework's warning about structural risks [3]. Group 2: Current and Future Outlook - Despite a rebound since November 2024, the stock remains in Phase 4 on the weekly chart, suggesting that short-term strength should not be interpreted as a structural turnaround [4]. - The Guna Triads, essential for assessing long-term potential, will not materialize for nearly a decade, indicating that underperformance may continue for an extended period [4]. - The formation of Dollar Tree's Cakra took over 5,300 days, making the breakdown particularly significant and pointing to deeper fundamental fragility [5]. Group 3: Investor Sentiment - The outlook for Dollar Tree is dominated by downside risk, with large institutions like JP Morgan maintaining an 'Outperform' rating, but analysis suggests that any upward movements will likely face resistance [6]. - The recommendation for Dollar Tree remains underperform for the long term, advising existing investors to consider hidden risks and new investors to avoid exposure until structural improvements are evident [6].

Core Viewpoint - Becton Dickinson and Company (BDX) is currently in the 17th phase of the 18-phase Adhishthana Cycle, indicating continued underperformance and consolidation until early June 2027 [1] Group 1: Adhishthana Cycle Analysis - BDX started its Adhishthana Cycle positively but experienced a critical shift entering Phase 8, where the expected bullish Cakra formation broke down [2][4] - The breakdown of the Cakra in Phase 8 led to over 1,400 days of sideways consolidation, confirming the structural weakness [6] - The Guna Triads, which assess the potential for reaching the highest price point in Phase 18, showed BDX's triads to be among the weakest compared to peers, lacking the necessary bullish momentum [9][10] Group 2: Monthly Chart and Future Outlook - On the monthly chart, BDX is in the Sankhya Period of Phase 2, characterized by bearish pressure and range-bound behavior, expected to last until August 2, 2027 [13] - The combination of the structural breakdown, weak Guna Triads, and bearish monthly trends suggests that BDX is not positioned for recovery in the near term [14][15]