Building · established relationshipLatest completed snapshot · Jul 14 · 18:03 ET

MARKET-DISCOVERED GROUP

Software Solutions

THE TRADER READShared activity without a clean directional read

Price direction is split across 10 measured members. Capital-flow agreement is 9%, so the basket is not yet clean.

Price breadth6 up · 4 downRelative median unavailable

Capital-flow alignment9%Price breadth is not yet confirmed by flow

Activity nowNormalActivity score 50/100 · lift 1.0×

Evidence depth1 episodeLow sample—context, not a validated playbook

EVIDENCE CLOCK

What happened, in timestamp order

0 timed events

TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.

No session event has enough timestamp precision to place on the clock.

2 earlier filing context receipts

TUE, NOV 25ADSK filing documented shared operating contextproduct pipeline / R&D affecting expense · date precision only

TUE, MAR 24ADBE filing documented shared operating contextproduct pipeline / R&D affecting expense · date precision only

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations

Price sequence unavailableA timestamped price sequence is unavailable.

RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast

WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

13/15 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across ADBE, GWRE, NABL, PCOR, QTWO, RAMP, TTAN.

product pipeline / R&D affecting expense

“Research and development expenses increased during the three months ended February 27, 2026 as compared to the three months ended February 28, 2025 primarily due to increases in compensation costs.”
ADBE 10-Q · 2026-03-25

restructuring affecting expense

“32 Table of Contents General and administrative expenses increased during the three and six months ended May 29, 2026 as compared to the three and six months ended May 30, 2025 due to the following: Components of % Change 2026-2025 QTD Components of % Change 2026-2025 YTD Impairment of goodwill 19 % 10 % Loss contingency 8 12 Compensation costs 9 7 Software licenses 6 5 Various individually insignificant items 3 2 Total change 45 % 36 % During the six months ended May 29, 2026, we recorded a goodwill impairment charge related to our Publishing & Advertising reporting unit.”
ADBE 10-Q · 2026-06-15

credit / rates affecting interest expense

“Interest expense increased during fiscal 2025 as compared to fiscal 2024 primarily due to the senior notes issued in January 2025.”
ADBE 10-K · 2026-01-15

CONFIRMATION NETWORK

Outsiders and cross-asset links

2 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

NOWMoving with group

NABL · text peer

AVPTMoving with group

NABL · text peer

ALKTNot confirming

QTWO · text peer

FIVNNot confirming

NABL · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately

RAMPTTANWKAPPNPCORNCNOADSKINTUPEGASAPQTWOWIXNABLGWREADBE

9/15 active6 rising · 4 falling

MemberUnusual activityToday's moveRead now

RAMPLiveRamp Holdings, Inc.

Most unusual · 100/100

—

Active; unclassifiedActive in 100% of observed group sessions

TTANServiceTitan, Inc.

Elevated · 35/100

+2.6%

Flow confirmerActive in 0% of observed group sessions

WKWorkiva Inc.

Elevated · 34/100

-0.4%

Active; unclassifiedActive in 0% of observed group sessions

APPNAppian Corporation

Elevated · 32/100

—

Active; unclassifiedActive in 0% of observed group sessions

PCORProcore Technologies, Inc.

Elevated · 27/100

+0.3%

Active; unclassifiedActive in 0% of observed group sessions

NCNOnCino, Inc.

Elevated · 24/100

—

Active; unclassifiedActive in 0% of observed group sessions

ADSKAutodesk, Inc.

Elevated · 22/100

+1.1%

Active; unclassifiedActive in 0% of observed group sessions

INTUIntuit Inc.

Elevated · 20/100

+1.4%

Flow divergenceActive in 100% of observed group sessions

PEGAPegasystems Inc.

Elevated · 20/100

-0.2%

Active; unclassifiedActive in 0% of observed group sessions

SAPSAP SE

Quiet · 18/100

—

Watch / laggardActive in 0% of observed group sessions

QTWOQ2 Holdings, Inc.

Quiet · 16/100

-0.2%

Watch / laggardActive in 0% of observed group sessions

WIXWix.com Ltd.

Quiet · 16/100

-0.4%

Watch / laggardActive in 100% of observed group sessions

NABLN-able, Inc.

Quiet · 15/100

—

Watch / laggardActive in 0% of observed group sessions

GWREGuidewire Software, Inc.

Quiet · 15/100

+3.8%

Watch / laggardActive in 100% of observed group sessions

ADBEAdobe Inc.

Quiet · 15/100

+1.2%

Watch / laggardActive in 100% of observed group sessions

View exact member values

TICKER	Company	Role now	Today	Observed history	Trader interpretation
RAMP	LiveRamp Holdings, Inc.	Most unusual	—	100% of 1 sessions	Most unusual activity in this snapshot; performance direction may differ.
TTAN	ServiceTitan, Inc.	Participating	+2.6%	0% of 1 sessions	Price participation with accumulating signed flow.
WK	Workiva Inc.	Participating	-0.4%	0% of 1 sessions	Price participation is not yet confirmed by per-name flow.
APPN	Appian Corporation	Participating	—	0% of 1 sessions	Price participation is not yet confirmed by per-name flow.
PCOR	Procore Technologies, Inc.	Participating	+0.3%	0% of 1 sessions	Price participation is not yet confirmed by per-name flow.
NCNO	nCino, Inc.	Participating	—	0% of 1 sessions	Price participation is not yet confirmed by per-name flow.
ADSK	Autodesk, Inc.	Participating	+1.1%	0% of 1 sessions	Price participation is not yet confirmed by per-name flow.
INTU	Intuit Inc.	Participating	+1.4%	100% of 1 sessions	Price participation with distributing signed flow.
PEGA	Pegasystems Inc.	Participating	-0.2%	0% of 1 sessions	Price participation is not yet confirmed by per-name flow.
SAP	SAP SE	Quiet / lagging	—	0% of 1 sessions	Not participating yet; a breadth test or a genuine divergence.
QTWO	Q2 Holdings, Inc.	Quiet / lagging	-0.2%	0% of 1 sessions	Not participating yet; a breadth test or a genuine divergence.
WIX	Wix.com Ltd.	Quiet / lagging	-0.4%	100% of 1 sessions	Not participating yet; a breadth test or a genuine divergence.
NABL	N-able, Inc.	Quiet / lagging	—	0% of 1 sessions	Not participating yet; a breadth test or a genuine divergence.
GWRE	Guidewire Software, Inc.	Quiet / lagging	+3.8%	100% of 1 sessions	Not participating yet; a breadth test or a genuine divergence.
ADBE	Adobe Inc.	Quiet / lagging	+1.2%	100% of 1 sessions	Not participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome

POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

Low structural sample

Only 1 completed episode across 1 active session; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support3 daysHow often the cohort identity was observed

Completed episodes1Separate periods of broad group activity

Active sessions1Completed session observations, not trades

2026-07-091 active session100% composition consistency through the episode

MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS

ADBE100% · 1 episode

GWRE100% · 1 episode

INTU100% · 1 episode

RAMP100% · 1 episode

WIX100% · 1 episode

ADSK0% · 0 episodes

APPN0% · 0 episodes

NABL0% · 0 episodes

NCNO0% · 0 episodes

PCOR0% · 0 episodes

PEGA0% · 0 episodes

QTWO0% · 0 episodes

SAP0% · 0 episodes

TTAN0% · 0 episodes

WK0% · 0 episodes