Weekly structural research · NASDAQ · Healthcare

TECH Stage Analysis

Bio-Techne Corp

Week ending 25 Sep 2026Close USD 72.61Tenure DevelopingBenchmark QQQ

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Upward Expansion · Established expansion

The weekly architecture is expanding upward.

Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing.

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

Direction 78−100 bearish to +100 bullish

Energy 92/100directional strength

Maturity 57/100lifecycle context

Confidence 89/100evidence agreement

Trend gate Upstructural direction

Activity structure Wideexpanding separation

Price acceptance +83.3%position within the Activity structure

Fair Value context +12.8%USD 64.38 · improving

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
2026-09-25	72.61	61.54	3.20	16832898	Upward Expansion	78	92
2026-09-18	72.37	61.08	6.49	18124408	Upward Expansion	68	83
2026-09-11	72.12	60.58	7.36	10595377	Upward Expansion	67	81
2026-09-04	72.43	60.17	7.51	11159096	Upward Expansion	70	85
2026-08-28	72.35	59.98	7.91	8600715	Upward Expansion	70	86
2026-08-21	72.24	59.70	8.32	15500893	Upward Expansion	69	86
2026-08-14	72.32	59.55	5.75	12950839	Upward Expansion	71	87
2026-08-07	72.21	59.42	6.90	15997278	Upward Expansion	71	88
2026-07-31	72.01	59.20	12.32	27940337	Upward Expansion	71	88
2026-07-24	71.52	58.78	12.30	14065919	Rotation Up	69	88
2026-07-17	72.12	58.37	11.46	14866033	Rotation Up	48	80
2026-07-10	71.30	57.90	5.85	25607068	Rotation Up	51	78
2026-07-03	70.83	57.47	7.08	51029115	Rotation Up	46	67
2026-06-26	71.00	57.15	8.35	72540075	Rotation Up	45	41
2026-06-19	57.94	56.93	-15.45	10948708	Downward Expansion	-11	16
2026-06-12	54.00	57.04	-19.37	15865513	Downward Expansion	-37	21
2026-06-05	51.99	57.21	-20.91	13871507	Downward Expansion	-54	49
2026-05-29	51.68	57.39	-25.20	10519995	Downward Expansion	-59	64
2026-05-22	48.21	57.74	-28.54	15098183	Downward Expansion	-59	67
2026-05-15	43.22	58.32	-35.48	17034289	Downward Expansion	-79	69
2026-05-08	48.27	58.93	-28.65	25708563	Downward Expansion	-66	34
2026-05-01	54.92	59.27	-14.95	9926720	Downward Expansion	-34	20
2026-04-24	54.09	59.53	-15.31	10388311	Downward Expansion	-38	20
2026-04-17	59.12	59.45	-5.84	9851954	Downward Expansion	-38	25
2026-04-10	55.44	59.24	-6.56	9688749	Downward Expansion	-59	44
2026-04-03	53.03	59.09	-7.01	8595071	Rotation Down	-64	69
2026-03-27	50.86	59.13	-7.84	8346925	Rotation Down	-44	67
2026-03-20	51.39	59.25	-10.49	13107308	Rotation Down	-46	66
2026-03-13	50.76	59.43	-13.95	13588458	Rotation Down	-50	63
2026-03-06	53.79	59.51	-10.48	11670217	Upward Expansion	-35	36
2026-02-27	58.89	59.39	-3.97	12464779	Upward Expansion	14	19
2026-02-20	57.42	59.25	-7.04	9227518	Upward Expansion	11	13
2026-02-13	59.82	59.28	-2.57	12448762	Upward Expansion	43	27
2026-02-06	66.57	59.01	6.59	16618278	Upward Expansion	61	65
2026-01-30	63.89	58.58	-0.26	11006020	Upward Expansion	59	67
2026-01-23	67.95	58.21	5.19	9331050	Upward Expansion	69	71
2026-01-16	68.46	57.67	5.52	14326375	Balance	73	62
2026-01-09	65.49	57.04	-0.54	10379585	Balance	64	30
2026-01-02	59.46	56.53	-8.37	4561320	Balance	28	18
2025-12-26	59.03	56.16	-11.32	3625225	Upward Expansion	31	17
2025-12-19	58.09	55.80	-12.37	11031423	Upward Expansion	36	20
2025-12-12	58.33	55.41	-12.24	10057175	Upward Expansion	40	26
2025-12-05	61.49	55.09	-10.00	8016447	Upward Expansion	52	34
2025-11-28	64.31	54.69	-5.63	7340721	Upward Expansion	65	35
2025-11-21	61.34	54.22	-6.25	8192490	Upward Expansion	47	28
2025-11-14	59.11	53.84	-12.99	11163538	Upward Expansion	55	38
2025-11-07	57.15	53.46	-16.55	13318300	Upward Expansion	59	59
2025-10-31	62.29	53.23	-12.64	8200106	Upward Expansion	61	72
2025-10-24	65.61	52.87	-7.06	9299632	Upward Expansion	77	80
2025-10-17	61.58	52.62	-11.33	8397656	Upward Expansion	64	64
2025-10-10	58.40	52.57	-14.45	10695397	Upward Expansion	54	49
2025-10-03	62.67	52.68	-11.00	21191758	Balance	67	38
2025-09-26	51.62	52.72	-26.39	11307471	Balance	-5	8
2025-09-19	52.91	53.05	-25.79	13938983	Balance	4	5
2025-09-12	51.03	53.43	-27.73	11616579	Balance	-1	5
2025-09-05	54.17	53.91	-22.74	8185231	Balance	20	15
2025-08-29	54.38	54.51	-22.44	11751238	Balance	-7	7
2025-08-22	56.83	55.13	-19.91	7920038	Balance	4	7
2025-08-15	53.28	55.78	-26.20	8595205	Balance	-10	11
2025-08-08	50.12	56.51	-30.91	16179923	Balance	-19	14
2025-08-01	54.56	57.26	-22.82	11682394	Balance	-6	18
2025-07-25	58.43	57.88	-20.12	13960018	Balance	12	22
2025-07-18	51.71	58.34	-29.40	7273552	Downward Expansion	-17	17
2025-07-11	53.82	59.04	-26.30	8685670	Downward Expansion	-29	21
2025-07-04	52.82	59.74	-28.53	7098649	Downward Expansion	-35	21
2025-06-27	51.53	60.45	-29.73	11673172	Downward Expansion	-42	29
2025-06-20	49.59	61.22	-30.11	8712717	Downward Expansion	-47	39
2025-06-13	50.22	61.92	-29.83	12538127	Downward Expansion	-61	49
2025-06-06	48.40	62.48	-33.34	9492011	Downward Expansion	-62	53
2025-05-30	48.11	63.37	-33.06	17887099	Downward Expansion	-64	56
2025-05-23	46.50	64.25	-34.75	9798536	Downward Expansion	-72	59
2025-05-16	48.78	64.96	-33.93	12439749	Downward Expansion	-67	58
2025-05-09	49.56	65.68	-29.13	16148247	Downward Expansion	-66	68
2025-05-02	50.11	66.45	-29.24	7556741	Downward Expansion	-67	78
2025-04-25	49.86	67.25	-27.87	10315019	Downward Expansion	-70	84
2025-04-18	47.73	68.18	-26.92	7444256	Downward Expansion	-82	90
2025-04-11	50.34	69.17	-25.09	17422778	Downward Expansion	-82	85
2025-04-04	51.33	69.95	-18.31	9520607	Downward Expansion	-87	83
2025-03-28	58.28	70.60	-16.71	7599414	Downward Expansion	-75	70
2025-03-21	60.15	71.10	-16.41	7868960	Downward Expansion	-73	77
2025-03-14	61.69	71.47	-14.43	13960279	Downward Expansion	-70	76
2025-03-07	63.88	71.87	-13.98	10403317	Downward Expansion	-66	76
2025-02-28	61.28	72.11	-20.59	8071477	Downward Expansion	-79	79
2025-02-21	64.43	72.70	-19.82	7091679	Balance	-71	65
2025-02-14	65.44	73.21	-20.79	9635324	Balance	-67	44
2025-02-07	72.17	73.51	-10.58	9729755	Balance	-2	6
2025-01-31	72.90	73.65	-9.75	5645040	Balance	3	12
2025-01-24	76.37	73.58	-6.91	4128607	Balance	13	17
2025-01-17	75.16	73.39	-7.30	5380270	Balance	9	5
2025-01-10	72.67	73.31	-8.05	2729319	Balance	-28	11
2025-01-03	73.14	73.39	-9.83	2088238	Balance	-14	7
2024-12-27	72.34	73.50	-11.90	1756569	Balance	-18	10
2024-12-20	72.53	73.63	-11.39	5220209	Downward Expansion	-25	16
2024-12-13	75.02	73.88	-10.91	3576620	Downward Expansion	-16	11
2024-12-06	73.85	74.14	-12.10	3309417	Downward Expansion	-25	14
2024-11-29	74.70	74.34	-8.54	3182321	Downward Expansion	-25	13
2024-11-22	70.65	74.39	-13.00	6910653	Downward Expansion	-46	23
2024-11-15	66.90	74.14	-16.33	6547594	Balance	-64	45
2024-11-08	75.20	73.96	-9.40	3669184	Balance	-38	26
2024-11-01	74.48	73.65	-5.40	7406544	Balance	-18	28
2024-10-25	67.92	73.37	-15.16	3827586	Balance	-37	41
2024-10-18	70.46	73.42	-12.20	4113087	Balance	-26	18
2024-10-11	72.55	73.42	-9.77	3134966	Balance	13	10
2024-10-04	73.96	73.39	-7.29	4026179	Deceleration	30	19
2024-09-27	77.85	73.46	-2.68	3563314	Deceleration	50	25
2024-09-20	77.44	73.31	-2.52	5529178	Deceleration	37	14
2024-09-13	73.85	73.09	-5.99	4090495	Deceleration	-12	18
2024-09-06	70.70	72.98	-5.11	2740134	Deceleration	-18	22
2024-08-30	73.17	72.86	-7.83	4008131	Deceleration	10	15
2024-08-23	71.49	72.59	-11.19	3556647	Deceleration	6	8
2024-08-16	73.62	72.59	-8.32	4694311	Deceleration	33	18
2024-08-09	70.90	72.45	-7.53	7518349	Deceleration	33	24
2024-08-02	79.20	72.46	2.85	5201468	Deceleration	61	51
2024-07-26	79.63	72.15	-0.24	4260042	Deceleration	60	30
2024-07-19	74.55	72.04	-9.46	3596468	Deceleration	29	16
2024-07-12	76.38	72.10	-11.69	4927471	Deceleration	33	21
2024-07-05	70.58	72.05	-19.20	3362581	Deceleration	14	19
2024-06-28	70.78	71.94	-16.77	8784341	Deceleration	21	17
2024-06-21	72.77	71.70	-15.14	4283178	Upward Expansion	38	20
2024-06-14	74.95	71.38	-12.95	3649476	Upward Expansion	55	38
2024-06-07	76.69	70.89	-8.35	4572283	Upward Expansion	61	68
2024-05-31	76.26	70.22	-6.92	4043389	Upward Expansion	62	74
2024-05-24	79.81	69.61	-4.75	3789169	Upward Expansion	64	73
2024-05-17	82.79	68.90	-0.50	6264037	Balance	77	68
2024-05-10	79.93	68.24	-2.47	5216161	Balance	65	34
2024-05-03	76.28	67.80	-6.17	9817344	Rotation Down	13	15
2024-04-26	63.22	67.50	-22.06	4971098	Rotation Down	-28	53
2024-04-19	61.31	67.62	-22.22	5339028	Balance	-37	45
2024-04-12	65.86	67.86	-21.85	4831365	Balance	-20	23
2024-04-05	66.12	68.08	-22.82	4169127	Balance	1	9
2024-03-29	69.47	68.23	-20.22	4752935	Upward Expansion	47	26
2024-03-22	70.57	68.50	-19.96	5033574	Upward Expansion	53	48
2024-03-15	71.57	68.78	-16.96	6420958	Upward Expansion	54	54
2024-03-08	76.08	68.96	-13.34	5620548	Balance	68	58
2024-03-01	73.41	69.19	-18.20	5287322	Balance	32	20
2024-02-23	70.69	69.44	-20.35	3286700	Deceleration	7	11
2024-02-16	70.68	69.83	-19.85	5502201	Deceleration	-14	14
2024-02-09	67.06	70.40	-25.67	5785995	Deceleration	-35	25
2024-02-02	65.04	70.93	-27.23	7898608	Deceleration	-38	24
2024-01-26	71.60	71.41	-19.68	3391794	Rotation Up	4	8
2024-01-19	69.32	71.70	-22.47	5094655	Rotation Up	-2	14
2024-01-12	71.14	71.90	-19.05	4179720	Rotation Up	22	39
2024-01-05	70.08	72.10	-18.50	4672779	Rotation Up	24	39
2023-12-29	76.06	72.33	-15.25	1944909	Rotation Up	35	47
2023-12-22	76.42	72.52	-15.48	4221418	Downward Expansion	19	35
2023-12-15	74.91	72.71	-17.21	9900471	Downward Expansion	-2	21
2023-12-08	67.34	72.96	-23.81	5382359	Downward Expansion	-41	28
2023-12-01	63.65	73.38	-28.25	5371909	Downward Expansion	-50	45
2023-11-24	63.10	73.98	-29.53	4908106	Downward Expansion	-64	59
2023-11-17	60.18	74.50	-32.91	5220115	Downward Expansion	-67	81
2023-11-10	56.67	75.22	-36.23	6446466	Downward Expansion	-79	90
2023-11-03	57.80	76.13	-33.88	12939480	Downward Expansion	-82	89
2023-10-27	58.61	76.68	-29.33	5718354	Downward Expansion	-88	91
2023-10-20	63.07	77.15	-26.47	5119090	Downward Expansion	-80	85
2023-10-13	66.73	77.43	-24.93	3692387	Downward Expansion	-71	80
2023-10-06	67.17	77.57	-24.83	4357530	Downward Expansion	-72	81

Price vs TrendAbove+18.0%

Trend directionRising+5.4%

Price vs current Fair ValuePremium+12.8%

Fair Value directionClosing upward+3.3%

Relative Strength vs benchmarkLeading+3.2%

Relative strength directionWeakening-5.1%

Price momentumPositive+42.8%

Volume balanceDemand-led1.67×

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

78 / ±100

+8.2 points since 2026-08-28

Energy

92 /100

+5.7 points since 2026-08-28

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

TECH Directional State ↗ TECH Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance3

Rotation Up62

Upward Expansion98

Deceleration42

Rotation Down30

Downward Expansion22

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

2023-10-06 to 2026-09-25 · 156 classified observations out of 156 shown.

Balance 23%Rotation Up 6%Upward Expansion 23%Deceleration 12%Rotation Down 4%Downward Expansion 31%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2026-07-31	2026-09-25	Developing	+0.8%
Rotation Up	2026-06-26	2026-07-24	Developing	+0.7%
Downward Expansion	2026-04-10	2026-06-19	Developing	+4.5%
Rotation Down	2026-03-13	2026-04-03	New	+4.5%
Upward Expansion	2026-01-23	2026-03-06	Developing	-20.8%
Balance	2026-01-02	2026-01-16	New	+15.1%
Upward Expansion	2025-10-10	2025-12-26	Developing	+1.1%
Balance	2025-07-25	2025-10-03	Developing	+7.3%
Downward Expansion	2025-02-28	2025-07-18	Established	-15.6%
Balance	2024-12-27	2025-02-21	Developing	-10.9%
Downward Expansion	2024-11-22	2024-12-20	Developing	+2.7%
Balance	2024-10-11	2024-11-15	Developing	-7.8%
Deceleration	2024-06-28	2024-10-04	Established	+4.5%
Upward Expansion	2024-05-24	2024-06-21	Developing	-8.8%

Classic Stage Analysis comparison

Stage 1 · Basing13

Stage 2 · Advancing100

Stage 3 · Distribution61

Stage 4 · Declining0

Legacy result: Stage 2 · Stage 2B · Advancing. 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: 73/100
Current Relative Strength: 3.20
Relative Strength direction: Weakening
Price momentum: +42.8%
Excess performance vs benchmark: +10.4%
Healthcare regime cohort: 97th percentile198 in cohort

Test TECH trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.84×

Latest completed volume relative to typical participation.

Up/down volume1.67×

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+0.0%

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 TECH Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity USD 72.41rising

Slow Activity USD 66.29rising

Trend Reference USD 61.54+18.0% close margin

Current Fair Value USD 64.38+12.8% close margin

Structural low USD 43.12shock / repair context

What changes the read?

Sustained fan recompression, a fast-line rollover or repeated closes inside/below the fan move the read toward Deceleration or Rotation Down.

Range context +0.7%

Annualized volatility +45.8%

From structural high -0.1%

From structural low +68.4%

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	16	-2.7%-15.5% to +7.6%	+43.8%	+43.8%	-2.5%	+62.5%	Usable descriptive sample
Intermediate	7	-1.5%-28.9% to +12.2%	+42.9%	+42.9%	-5.9%	+28.6%	Usable descriptive sample
Extended	4	-7.9%-13.1% to +3.2%	+25.0%	+25.0%	-12.6%	+0.0%	Too little matched history
Full cycle	2	-11.8%-20.3% to -3.4%	+0.0%	+0.0%	-13.7%	+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.

TECH Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding upward.

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 weekly architecture is expanding upward.

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