Weekly structural research · NASDAQ · Healthcare

TNGX Stage Analysis

Tango Therapeutics Inc

Week ending 18 Sep 2026Close USD 21.75Tenure DevelopingBenchmark QQQ

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Deceleration · Momentum cooling

The upward structure remains, but its energy is decelerating.

Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down.

The Trend gate is mixed within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: compressed and expanding.

Direction -28−100 bearish to +100 bullish

Energy 42/100directional strength

Maturity 39/100lifecycle context

Confidence 57/100evidence agreement

Trend gate Mixedstructural direction

Activity structure Compressedexpanding separation

Price acceptance -66.7%position within the Activity structure

Fair Value context +109.9%USD 10.36 · weakening

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
2026-09-18	21.75	23.54	13.09	14602466	Deceleration	-28	42
2026-09-11	23.78	23.22	26.37	12806037	Deceleration	2	19
2026-09-04	22.52	22.86	20.95	8112463	Deceleration	-2	16
2026-08-28	23.34	22.53	27.62	11582839	Deceleration	4	12
2026-08-21	23.88	22.14	33.20	10885016	Deceleration	20	16
2026-08-14	25.60	21.73	41.52	10854177	Deceleration	33	20
2026-08-07	27.07	21.31	54.10	10261821	Upward Expansion	39	22
2026-07-31	27.18	20.80	66.01	14099061	Upward Expansion	44	32
2026-07-24	26.63	20.19	67.28	8281307	Upward Expansion	58	42
2026-07-17	28.56	19.59	80.55	12749544	Upward Expansion	63	58
2026-07-10	31.06	18.93	92.91	15032605	Upward Expansion	68	72
2026-07-03	29.46	18.20	91.61	17292546	Upward Expansion	64	74
2026-06-26	31.47	17.54	112.32	36385706	Upward Expansion	76	75
2026-06-19	27.97	16.86	86.26	21237055	Deceleration	67	53
2026-06-12	30.94	16.26	117.30	55165667	Deceleration	78	48
2026-06-05	20.22	15.50	50.26	12928428	Deceleration	36	21
2026-05-29	21.98	15.09	59.29	10758605	Deceleration	40	27
2026-05-22	20.24	14.62	54.99	12795713	Upward Expansion	42	29
2026-05-15	20.56	14.20	63.60	18093283	Upward Expansion	58	46
2026-05-08	23.02	13.82	87.91	14508013	Upward Expansion	64	61
2026-05-01	20.98	13.29	86.94	16238386	Upward Expansion	66	65
2026-04-24	25.77	12.85	140.98	15760971	Upward Expansion	83	89
2026-04-17	26.64	12.27	165.94	17246043	Upward Expansion	93	93
2026-04-10	19.95	11.64	122.02	11083630	Upward Expansion	68	86
2026-04-03	21.63	11.19	161.55	10801845	Upward Expansion	85	93
2026-03-27	19.26	10.70	153.89	15501938	Upward Expansion	78	91
2026-03-20	19.42	10.28	159.23	19692632	Upward Expansion	89	93
2026-03-13	17.30	9.86	136.91	16121238	Upward Expansion	86	77
2026-03-06	16.95	9.51	139.15	32816044	Upward Expansion	86	60
2026-02-27	11.14	9.17	61.57	18834507	Upward Expansion	57	43
2026-02-20	12.20	9.01	80.87	7555640	Upward Expansion	62	52
2026-02-13	12.90	8.83	98.80	14946825	Upward Expansion	71	66
2026-02-06	12.51	8.63	96.23	14402362	Upward Expansion	69	77
2026-01-30	11.61	8.41	83.50	8527543	Upward Expansion	63	77
2026-01-23	11.71	8.21	89.46	13242766	Upward Expansion	65	76
2026-01-16	13.01	7.99	116.45	18888348	Deceleration	81	71
2026-01-09	11.75	7.73	99.95	21877493	Deceleration	73	40
2026-01-02	8.93	7.49	59.55	11216589	Deceleration	35	18
2025-12-26	8.67	7.34	54.99	4987975	Upward Expansion	39	24
2025-12-19	8.52	7.12	56.85	20994492	Upward Expansion	56	41
2025-12-12	9.35	6.90	76.10	9322872	Upward Expansion	60	63
2025-12-05	9.63	6.64	81.74	10506578	Upward Expansion	62	66
2025-11-28	10.91	6.36	112.28	13391636	Upward Expansion	81	69
2025-11-21	10.03	6.04	109.59	17052460	Upward Expansion	77	50
2025-11-14	8.17	5.76	69.15	15856234	Upward Expansion	55	34
2025-11-07	7.87	5.53	64.95	14266282	Upward Expansion	55	40
2025-10-31	8.11	5.31	67.70	16389319	Upward Expansion	60	42
2025-10-24	7.50	5.08	58.89	44398718	Upward Expansion	58	44
2025-10-17	9.03	4.88	95.66	11798166	Upward Expansion	80	61
2025-10-10	7.14	4.64	58.41	10067055	Upward Expansion	62	54
2025-10-03	7.76	4.47	67.47	10917268	Upward Expansion	64	57
2025-09-26	8.53	4.28	85.60	11578827	Upward Expansion	82	64
2025-09-19	7.60	4.06	64.17	22844171	Upward Expansion	74	57
2025-09-12	6.53	3.89	42.47	6925269	Upward Expansion	61	52
2025-09-05	6.94	3.75	50.10	6887831	Upward Expansion	67	58
2025-08-29	6.71	3.62	42.35	5143502	Upward Expansion	64	56
2025-08-22	6.90	3.50	41.63	8524285	Upward Expansion	69	61
2025-08-15	6.77	3.37	33.98	5271867	Upward Expansion	69	62
2025-08-08	6.61	3.24	28.80	10386900	Upward Expansion	68	66
2025-08-01	6.53	3.11	29.90	13620794	Upward Expansion	69	67
2025-07-25	6.82	3.00	30.27	7054474	Upward Expansion	80	77
2025-07-18	6.77	2.88	28.06	8258229	Upward Expansion	86	86
2025-07-11	5.93	2.76	11.87	9471254	Upward Expansion	80	91
2025-07-04	5.70	2.66	5.13	6904846	Upward Expansion	83	93
2025-06-27	5.01	2.58	-7.52	21142902	Rotation Up	77	92
2025-06-20	5.16	2.55	-2.48	11979770	Rotation Up	62	86
2025-06-13	4.69	2.51	-13.28	15007958	Rotation Up	53	58
2025-06-06	4.26	2.48	-23.09	30970842	Rotation Up	48	46
2025-05-30	2.22	2.43	-59.60	16793414	Downward Expansion	-23	16
2025-05-23	1.84	2.53	-66.55	46104200	Downward Expansion	-45	35
2025-05-16	1.50	2.67	-73.91	4664508	Downward Expansion	-61	56
2025-05-09	1.14	2.87	-79.31	2414675	Downward Expansion	-77	67
2025-05-02	1.51	3.06	-73.27	3204895	Downward Expansion	-65	63
2025-04-25	1.46	3.24	-73.89	3238390	Downward Expansion	-68	67
2025-04-18	1.29	3.44	-76.01	1719623	Downward Expansion	-75	70
2025-04-11	1.41	3.67	-74.96	3647894	Downward Expansion	-73	70
2025-04-04	1.27	3.98	-76.27	4063054	Downward Expansion	-85	74
2025-03-28	1.47	4.30	-75.75	4553948	Downward Expansion	-85	75
2025-03-21	1.76	4.64	-72.25	3507961	Downward Expansion	-80	79
2025-03-14	1.95	4.97	-69.79	3986349	Downward Expansion	-75	83
2025-03-07	2.01	5.24	-70.34	4659416	Downward Expansion	-77	85
2025-02-28	2.07	5.45	-71.30	4810780	Downward Expansion	-81	88
2025-02-21	2.36	5.69	-69.30	2234228	Downward Expansion	-78	84
2025-02-14	2.47	5.94	-69.47	3799284	Downward Expansion	-79	81
2025-02-07	3.03	6.16	-62.58	2605870	Downward Expansion	-62	63
2025-01-31	2.98	6.39	-64.17	2386460	Downward Expansion	-63	61
2025-01-24	3.04	6.58	-64.99	2873135	Downward Expansion	-64	62
2025-01-17	2.85	6.76	-67.50	4025460	Downward Expansion	-70	64
2025-01-10	2.92	7.01	-66.48	5609237	Downward Expansion	-70	70
2025-01-03	3.15	7.21	-65.51	2213103	Downward Expansion	-66	80
2024-12-27	3.12	7.33	-66.72	2327839	Downward Expansion	-69	83
2024-12-20	3.10	7.46	-67.28	12611092	Downward Expansion	-72	83
2024-12-13	3.06	7.58	-69.03	7411824	Downward Expansion	-75	82
2024-12-06	3.38	7.73	-66.20	5880481	Downward Expansion	-72	82
2024-11-29	3.94	7.86	-60.06	3625948	Downward Expansion	-68	86
2024-11-22	3.92	7.98	-60.44	10502555	Downward Expansion	-69	88
2024-11-15	3.85	8.10	-60.87	20318472	Downward Expansion	-76	89
2024-11-08	2.95	8.21	-71.38	32592627	Rotation Down	-90	91
2024-11-01	5.15	8.36	-48.12	6339451	Rotation Down	-53	71
2024-10-25	5.93	8.43	-41.89	5918791	Rotation Down	-41	64
2024-10-18	7.46	8.50	-27.54	6208855	Rotation Down	-25	56
2024-10-11	6.86	8.51	-33.61	3954059	Upward Expansion	-34	43
2024-10-04	6.98	8.58	-32.07	3778239	Upward Expansion	-33	36
2024-09-27	7.47	8.72	-28.33	4100612	Upward Expansion	3	14
2024-09-20	8.30	8.85	-20.70	8789586	Upward Expansion	27	21
2024-09-13	10.50	8.96	0.76	10400876	Upward Expansion	58	65
2024-09-06	10.89	9.01	10.61	2265498	Rotation Up	59	68
2024-08-30	11.83	9.06	13.72	2484954	Rotation Up	47	58
2024-08-23	11.57	9.09	10.92	3677152	Balance	47	37
2024-08-16	9.96	9.09	-3.13	2870399	Balance	32	21
2024-08-09	8.50	9.13	-12.70	3056720	Balance	-0	8
2024-08-02	9.16	9.21	-5.72	2828911	Rotation Up	16	23
2024-07-26	9.75	9.21	-1.75	4656944	Rotation Up	24	34
2024-07-19	9.27	9.21	-7.92	5450844	Rotation Up	17	28
2024-07-12	9.96	9.24	-4.04	3642291	Downward Expansion	31	35
2024-07-05	8.56	9.26	-16.91	1828245	Downward Expansion	-7	25
2024-06-28	8.58	9.28	-13.07	5211755	Downward Expansion	-11	23
2024-06-21	10.10	9.25	3.11	5710260	Downward Expansion	-2	16
2024-06-14	8.93	9.17	-7.71	4101152	Downward Expansion	-37	30
2024-06-07	6.90	9.12	-25.55	2214629	Downward Expansion	-64	51
2024-05-31	6.92	9.17	-22.90	3063184	Downward Expansion	-65	53
2024-05-24	6.91	9.22	-23.77	3159020	Downward Expansion	-68	53
2024-05-17	7.52	9.26	-15.37	2218840	Downward Expansion	-60	50
2024-05-10	7.10	9.26	-17.85	2848191	Rotation Down	-68	58
2024-05-03	7.61	9.28	-10.24	2795865	Rotation Down	-37	62
2024-04-26	7.44	9.40	-10.73	2043278	Rotation Down	-39	69
2024-04-19	7.31	9.53	-8.23	2079968	Rotation Down	-43	72
2024-04-12	7.36	9.63	-12.04	2155329	Rotation Down	-35	69
2024-04-05	7.38	9.67	-11.95	3898236	Rotation Down	-38	63
2024-03-29	7.94	9.66	-5.76	2680111	Deceleration	-34	41
2024-03-22	7.73	9.63	-8.23	3425594	Deceleration	-36	33
2024-03-15	9.03	9.61	10.86	7298105	Deceleration	12	15
2024-03-08	11.15	9.54	36.26	1599895	Upward Expansion	42	28
2024-03-01	11.44	9.42	39.37	1902755	Upward Expansion	56	40
2024-02-23	11.50	9.15	44.09	2630669	Upward Expansion	62	51
2024-02-16	11.97	8.87	53.70	3651953	Upward Expansion	65	70
2024-02-09	12.41	8.58	58.47	2242786	Upward Expansion	71	75
2024-02-02	12.88	8.28	68.95	2070828	Upward Expansion	83	81
2024-01-26	11.53	7.96	54.52	2753015	Upward Expansion	74	65
2024-01-19	10.93	7.68	48.20	6588737	Upward Expansion	71	62
2024-01-12	10.94	7.44	52.56	3331660	Upward Expansion	75	69
2024-01-05	9.18	7.20	31.84	1721071	Upward Expansion	57	58
2023-12-29	9.90	7.00	36.85	2072250	Upward Expansion	59	61
2023-12-22	10.02	6.78	38.48	3292194	Upward Expansion	61	54
2023-12-15	10.64	6.54	47.65	3893710	Deceleration	58	36
2023-12-08	9.18	6.31	31.27	2552288	Deceleration	43	21
2023-12-01	7.76	6.13	11.20	3018562	Deceleration	19	13
2023-11-24	7.53	5.98	7.17	1399372	Deceleration	31	17
2023-11-17	7.60	5.85	8.35	4302997	Deceleration	33	19
2023-11-10	8.36	5.71	20.57	3641370	Deceleration	36	24
2023-11-03	8.40	5.58	24.01	2873884	Deceleration	36	25
2023-10-27	8.01	5.44	25.11	4101803	Upward Expansion	44	30
2023-10-20	7.54	5.31	13.97	8818794	Upward Expansion	61	48
2023-10-13	7.69	5.20	12.24	22966705	Upward Expansion	65	60
2023-10-06	11.38	5.08	66.54	7054360	Upward Expansion	82	89
2023-09-29	11.26	4.83	70.55	7489190	Upward Expansion	91	94

Price vs TrendBelow-7.6%

Trend directionRising+24.4%

Price vs current Fair ValuePremium+109.9%

Fair Value directionMoving away-113.7%

Relative Strength vs benchmarkLeading+13.1%

Relative strength directionWeakening-73.2%

Price momentumPositive+12.0%

Volume balanceSupply-led0.75×

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

-28 / ±100

-47.7 points since 2026-08-21

Energy

42 /100

+26.4 points since 2026-08-21

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

TNGX Directional State ↗ TNGX Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance42

Rotation Up15

Upward Expansion27

Deceleration52

Rotation Down63

Downward Expansion45

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

2023-09-29 to 2026-09-18 · 156 classified observations out of 156 shown.

Balance 2%Rotation Up 6%Upward Expansion 47%Deceleration 15%Rotation Down 6%Downward Expansion 24%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Deceleration	2026-08-14	2026-09-18	Developing	-15.0%
Upward Expansion	2026-06-26	2026-08-07	Developing	-14.0%
Deceleration	2026-05-29	2026-06-19	New	+27.3%
Upward Expansion	2026-01-23	2026-05-22	Established	+72.8%
Deceleration	2026-01-02	2026-01-16	New	+45.7%
Upward Expansion	2025-07-04	2025-12-26	Established	+52.1%
Rotation Up	2025-06-06	2025-06-27	New	+17.6%
Downward Expansion	2024-11-15	2025-05-30	Extended	-42.3%
Rotation Down	2024-10-18	2024-11-08	New	-60.5%
Upward Expansion	2024-09-13	2024-10-11	Developing	-34.7%
Rotation Up	2024-08-30	2024-09-06	New	-7.9%
Balance	2024-08-09	2024-08-23	New	+36.1%
Rotation Up	2024-07-19	2024-08-02	New	-1.2%
Downward Expansion	2024-05-17	2024-07-12	Developing	+32.4%

Classic Stage Analysis comparison

Stage 1 · Basing9

Stage 2 · Advancing44

Stage 3 · Distribution64

Stage 4 · Declining27

Legacy result: Stage 3 · Stage 3B · Distribution. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus QQQ

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

Leading benchmark

Architecture confirmation: 23/100
Current Relative Strength: 13.09
Relative Strength direction: Weakening
Price momentum: +12.0%
Excess performance vs benchmark: -12.0%
Healthcare regime cohort: 35th percentile75 in cohort

Test TNGX trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.89×

Latest completed volume relative to typical participation.

Up/down volume0.75×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+50.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+12.5%

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 TNGX Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity USD 22.80falling

Slow Activity USD 24.97rising

Trend Reference USD 23.54-7.6% close margin

Current Fair Value USD 10.36+109.9% close margin

Structural low USD 18.51shock / repair context

What changes the read?

Renewed positive order and expanding width produce re-acceleration; fast/slow failure with downside acceptance produces Rotation Down.

Range context +16.0%

Annualized volatility +92.4%

From structural high -36.8%

From structural low +225.1%

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 QQQ	Regime survived	Read
Near term	8	-7.4%-26.0% to +43.2%	+37.5%	+37.5%	-9.2%	+37.5%	Usable descriptive sample
Intermediate	5	+6.2%-47.9% to +142.2%	+60.0%	+60.0%	+9.1%	+20.0%	Usable descriptive sample
Extended	3	-9.4%-53.3% to +229.9%	+33.3%	+33.3%	-28.3%	+0.0%	Too little matched history
Full cycle	2	-0.9%-78.4% to +76.6%	+50.0%	+50.0%	-28.5%	+0.0%	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.

TNGX Stage Analysis

What the Activity Line geometry says now

The upward structure remains, but its energy is decelerating.

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

Leading 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

The upward structure remains, but its energy is decelerating.

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 ?

Leading 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