HubSpot Inc

Stage 4 declining structure and bearish exhaustion pattern signal a medium-term bearish posture. Price remains below key EMAs and capped by the down-sloping 200-day SMA, while failure to reclaim the 9/20EMA zone near $237–238 keeps the path of least resistance lower. Execution on rallies into this resistance zone offers optimal opportunities to trim exposure.

• ↑Q2 revenue of $911.7M (+20% YoY) vs $830.8M est; EPS $3.26 (+40% YoY)
• ↑Net adds of 7,000 brings total customers above 306,000
• ↓Sales cycles lengthen; Q3 net adds guidance trimmed to 5–6k