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A high share of weekly closes over the trailing year were higher than the prior week; net income decreased across the last 4 year-over-year transitions; gross profit also decreased across the last 4 year-over-year transitions.
State
High share of up-close weeks (1y) co-occurs with multi-year net-income decrease and multi-year gross-profit decrease
Emergence
Three readings line up: a high fraction of the trailing 52 week-over-week transitions were up-closes (scaled against 75%), net income has decreased in most or all of the last 4 year-over-year transitions, and gross profit has decreased in most or all of the last 4 year-over-year transitions. The first reading is a weekly price-direction count; the second and third are annual income-statement trajectory counts.
Limits
The up-close share reading does not require monotonic upward movement — alternating up/down weeks with a majority up still scores high — and does not measure move magnitude. The fundamental trajectories are 4-year YoY counts on absolute values (not margins). None of the three predicts whether price will continue rising or whether fundamentals will continue declining; convergence can happen by either side moving, neither, or both.
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Explanation
Three readings co-occur: - High Share Of Up-Close Weeks 1y (trend-consistency-up-1y): fraction of trailing 52 weekly transitions that were up-closes (mapped against 75%). Does not require monotonic movement and does not measure magnitude. - Net Income Decreased Year-Over-Year (net-income-decreased-yoy-4y): count of year-over-year decreases over the last 4 fiscal years. Records net-income trajectory (absolute level), not margin. - Gross Profit Decreased Year-Over-Year (gross-profit-decreased-yoy-4y): count of year-over-year decreases in gross profit over the last 4 fiscal years. The price reading is weekly; the fundamental readings are annual. The formulas do not predict whether the configuration will resolve.
Interpretation
Co-occurrence of a high up-close-week-share reading (weekly) with multi-year net-income and gross-profit decrease counts (annual). The formulas describe direction-of-change configurations on different time bases; they do not predict resolution.
Required Observations
Gross Profit Decreased Year-Over-Year (4 years)
Gross profit has decreased year-over-year across the most recent 4 fiscal years.
Net Income Decreased Year-Over-Year (4 years)
Net income has decreased year-over-year across the most recent 4 fiscal years.
High Share Of Up-Close Weeks Within Lookback
Most of the last 52 weeks closed higher than the week before.