Weekly structural research · GER · Healthcare

SNW Stage Analysis

Sanofi

Week ending 2 Oct 2026Close EUR 70.70Tenure EstablishedBenchmark ^GDAXI

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Balance · Balance after decline

Directional pressure has compressed into balance.

Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base.

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

Direction -75−100 bearish to +100 bullish

Energy 74/100directional strength

Maturity 55/100lifecycle context

Confidence 78/100evidence agreement

Trend gate Downstructural direction

Activity structure Moderateexpanding separation

Price acceptance -50.0%position within the Activity structure

Fair Value context -12.9%EUR 81.13 · 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
2026-10-02	70.70	75.41	-10.34	143566	Balance	-75	74
2026-09-25	71.78	75.47	-9.92	59103	Balance	-45	54
2026-09-18	74.10	75.67	-6.79	32761	Balance	-28	24
2026-09-11	73.30	75.71	-8.92	49380	Balance	7	7
2026-09-04	76.26	75.73	-7.19	55439	Balance	46	42
2026-08-28	77.23	75.72	-8.01	10492	Balance	49	43
2026-08-21	78.93	75.65	-4.68	11104	Balance	61	27
2026-08-14	75.55	75.53	-10.02	9132	Balance	-3	7
2026-08-07	75.34	75.56	-10.10	14616	Balance	-1	3
2026-07-31	74.16	75.71	-9.30	31902	Balance	-20	9
2026-07-24	76.15	75.84	-5.09	15885	Balance	16	19
2026-07-17	77.35	75.91	-2.73	12110	Balance	26	18
2026-07-10	76.12	75.93	-5.25	9392	Balance	-14	10
2026-07-03	75.90	76.03	-8.25	12280	Balance	-35	16
2026-06-26	75.04	76.18	-5.42	18488	Balance	-39	15
2026-06-19	73.81	76.39	-8.26	42702	Balance	-37	15
2026-06-12	76.72	76.65	-3.52	9545	Balance	-10	12
2026-06-05	77.95	76.92	-2.69	11323	Balance	-5	5
2026-05-29	75.16	77.02	-7.63	54093	Balance	-36	21
2026-05-22	76.90	77.29	-4.93	50360	Balance	-29	20
2026-05-15	73.89	77.53	-5.41	60817	Balance	-54	40
2026-05-08	73.13	77.80	-8.19	119898	Balance	-47	24
2026-05-01	75.60	77.99	-5.22	66634	Balance	-18	9
2026-04-24	75.86	78.21	-4.66	87950	Balance	-14	13
2026-04-17	77.76	78.15	-4.89	60738	Balance	-7	15
2026-04-10	75.94	78.11	-4.01	78691	Downward Expansion	-28	18
2026-04-03	78.17	78.13	1.05	77466	Downward Expansion	-26	14
2026-03-27	77.60	78.04	3.71	122123	Downward Expansion	-48	34
2026-03-20	73.58	78.12	-2.40	102989	Downward Expansion	-60	44
2026-03-13	72.37	78.43	-8.84	122464	Downward Expansion	-68	46
2026-03-06	72.36	78.69	-9.97	153000	Downward Expansion	-72	45
2026-02-27	77.83	78.85	-10.30	87245	Downward Expansion	-54	35
2026-02-20	75.36	78.78	-13.61	81433	Downward Expansion	-60	59
2026-02-13	73.83	78.95	-14.78	191857	Downward Expansion	-70	69
2026-02-06	76.04	79.11	-12.13	106280	Downward Expansion	-60	62
2026-01-30	75.03	79.20	-13.24	106632	Balance	-69	58
2026-01-23	75.26	79.33	-14.84	113882	Balance	-44	47
2026-01-16	76.49	79.42	-15.36	127529	Balance	-30	34
2026-01-09	79.96	79.50	-11.98	69206	Balance	-16	25
2026-01-02	78.12	79.58	-12.00	27795	Balance	-20	32
2025-12-26	78.03	79.77	-11.89	19475	Balance	-18	22
2025-12-19	78.05	79.93	-12.16	74556	Balance	-6	14
2025-12-12	79.03	80.23	-11.12	75898	Balance	-7	11
2025-12-05	80.56	80.50	-9.13	42642	Balance	10	12
2025-11-28	81.23	80.62	-8.00	55511	Rotation Up	22	16
2025-11-21	81.69	80.86	-4.90	49347	Rotation Up	26	26
2025-11-14	84.91	80.94	-4.82	38819	Rotation Up	39	49
2025-11-07	80.92	80.84	-8.47	50284	Rotation Up	18	35
2025-10-31	83.08	80.86	-8.07	40161	Balance	21	36
2025-10-24	84.17	80.99	-8.49	54898	Balance	25	27
2025-10-17	82.01	81.30	-9.86	45955	Balance	-6	8
2025-10-10	78.96	81.77	-15.19	48817	Downward Expansion	-36	19
2025-10-03	82.14	82.35	-12.90	105491	Downward Expansion	-37	26
2025-09-26	74.12	82.93	-19.88	34823	Downward Expansion	-69	62
2025-09-19	76.42	83.62	-17.73	37436	Downward Expansion	-59	43
2025-09-12	76.65	84.22	-18.39	26418	Downward Expansion	-59	34
2025-09-05	75.30	84.80	-20.17	123686	Downward Expansion	-57	28
2025-08-29	80.01	85.42	-17.07	19190	Downward Expansion	-35	20
2025-08-22	82.90	85.90	-16.30	29147	Downward Expansion	-38	28
2025-08-15	80.39	86.16	-19.37	21156	Downward Expansion	-57	42
2025-08-08	76.89	86.45	-22.83	38424	Downward Expansion	-66	51
2025-08-01	75.76	86.77	-22.21	83328	Downward Expansion	-75	54
2025-07-25	80.54	87.07	-20.63	54063	Downward Expansion	-61	51
2025-07-18	78.72	87.20	-23.17	36305	Downward Expansion	-64	73
2025-07-11	78.74	87.34	-23.52	36069	Downward Expansion	-67	79
2025-07-04	78.78	87.41	-22.43	32049	Downward Expansion	-69	76
2025-06-27	78.06	87.57	-24.32	47145	Downward Expansion	-73	74
2025-06-20	78.83	87.75	-21.78	49311	Downward Expansion	-74	67
2025-06-13	82.36	87.94	-19.22	48425	Downward Expansion	-63	45
2025-06-06	83.76	87.95	-20.81	79264	Deceleration	-30	23
2025-05-30	82.86	88.06	-21.01	74460	Rotation Down	-25	21
2025-05-23	87.25	88.29	-15.88	30923	Rotation Down	-3	9
2025-05-16	87.02	88.41	-16.82	379910	Rotation Down	-18	21
2025-05-09	84.12	88.55	-18.91	53148	Rotation Down	-28	45
2025-05-02	88.33	88.77	-13.63	36341	Rotation Down	-25	54
2025-04-25	84.09	88.92	-14.87	47685	Rotation Down	-27	50
2025-04-18	82.10	89.24	-13.05	57442	Rotation Down	-42	49
2025-04-11	81.31	89.63	-10.51	138981	Rotation Down	-30	35
2025-04-04	87.15	90.03	-5.43	59461	Upward Expansion	16	16
2025-03-28	93.49	90.31	-6.76	51452	Upward Expansion	60	50
2025-03-21	96.03	90.26	-6.08	34732	Upward Expansion	64	59
2025-03-14	96.34	90.07	-6.19	65148	Upward Expansion	66	64
2025-03-07	99.73	89.84	-3.02	50324	Rotation Up	90	88
2025-02-28	94.70	89.43	-6.01	27915	Rotation Up	44	72
2025-02-21	94.47	89.18	-5.18	21542	Rotation Up	37	73
2025-02-14	94.07	88.97	-6.63	21438	Rotation Up	38	73
2025-02-07	93.80	88.62	-3.88	28539	Rotation Up	40	66
2025-01-31	94.50	88.35	-2.98	46479	Rotation Up	46	48
2025-01-24	90.69	87.96	-5.50	29347	Rotation Down	20	28
2025-01-17	89.05	87.67	-5.23	48998	Rotation Down	-15	20
2025-01-10	86.59	87.34	-4.98	33205	Rotation Down	-41	26
2025-01-03	84.55	87.08	-6.06	19568	Rotation Down	-32	36
2024-12-27	84.65	87.01	-6.59	12191	Rotation Down	-35	41
2024-12-20	82.69	86.90	-8.46	39375	Rotation Down	-38	61
2024-12-13	80.85	86.85	-12.97	18705	Rotation Down	-55	75
2024-12-06	83.76	86.84	-9.98	13286	Rotation Down	-31	66
2024-11-29	83.30	86.78	-7.16	14048	Rotation Down	-36	63
2024-11-22	84.50	86.66	-4.47	18524	Deceleration	-32	42
2024-11-15	82.82	86.50	-5.94	18329	Deceleration	-23	34
2024-11-08	87.05	86.26	-1.32	19310	Deceleration	9	17
2024-11-01	89.55	85.87	1.17	19337	Deceleration	33	23
2024-10-25	90.86	85.43	1.44	17564	Deceleration	40	27
2024-10-18	91.24	85.05	0.79	9368	Upward Expansion	45	36
2024-10-11	90.84	84.58	1.32	17902	Upward Expansion	50	44
2024-10-04	92.80	84.12	4.33	8438	Upward Expansion	64	58
2024-09-27	93.65	83.57	2.97	5830	Upward Expansion	67	78
2024-09-20	93.94	82.99	7.04	9782	Upward Expansion	71	83
2024-09-13	93.34	82.46	6.17	9434	Upward Expansion	71	86
2024-09-06	95.37	81.86	10.54	18280	Upward Expansion	88	92
2024-08-30	92.04	81.20	3.11	9464	Upward Expansion	81	83
2024-08-23	90.45	80.69	2.58	7152	Upward Expansion	77	78
2024-08-16	89.31	80.35	2.73	6897	Upward Expansion	77	80
2024-08-09	87.47	80.10	3.77	14319	Upward Expansion	70	74
2024-08-02	87.24	79.96	3.69	12680	Upward Expansion	73	78
2024-07-26	88.05	79.77	0.27	18462	Upward Expansion	82	80
2024-07-19	83.76	79.44	-3.43	12700	Upward Expansion	60	64
2024-07-12	85.61	79.25	-4.59	15597	Upward Expansion	75	60
2024-07-05	82.82	78.95	-6.53	13169	Upward Expansion	61	31
2024-06-28	81.79	78.69	-6.76	16613	Upward Expansion	48	25
2024-06-21	79.27	78.45	-9.56	11629	Upward Expansion	40	22
2024-06-14	78.68	78.31	-9.81	18286	Upward Expansion	52	32
2024-06-07	82.56	78.17	-8.47	5443	Upward Expansion	69	60
2024-05-31	81.44	77.89	-9.69	11056	Upward Expansion	65	67
2024-05-24	81.01	77.66	-11.37	14623	Upward Expansion	61	66
2024-05-17	80.61	77.33	-12.17	35178	Upward Expansion	58	60
2024-05-10	82.07	77.51	-11.23	12695	Balance	69	58
2024-05-03	79.74	77.78	-10.35	8390	Balance	27	14
2024-04-26	79.65	78.08	-11.55	21616	Balance	-15	10
2024-04-19	75.47	78.36	-14.49	18655	Balance	-54	28
2024-04-12	75.50	78.82	-15.75	13480	Balance	-57	25
2024-04-05	76.32	79.29	-16.37	11179	Balance	-40	17
2024-03-29	79.40	79.67	-14.92	12761	Balance	-19	10
2024-03-22	77.23	79.89	-16.28	12974	Downward Expansion	-41	26
2024-03-15	77.10	80.18	-15.55	10796	Downward Expansion	-52	32
2024-03-08	76.15	80.46	-16.27	18497	Downward Expansion	-60	51
2024-03-01	76.35	80.73	-15.87	14171	Downward Expansion	-49	55
2024-02-23	78.11	80.92	-12.52	31116	Downward Expansion	-45	44
2024-02-16	75.24	81.10	-14.41	17030	Downward Expansion	-58	63
2024-02-09	75.61	81.44	-13.16	25404	Balance	-54	38
2024-02-02	76.61	81.64	-12.08	18387	Balance	-26	22
2024-01-26	80.23	81.82	-8.20	10373	Balance	0	26
2024-01-19	81.82	81.98	-4.15	12085	Balance	-2	21
2024-01-12	83.35	82.12	-3.28	21907	Downward Expansion	-4	19
2024-01-05	81.52	82.13	-4.77	22258	Downward Expansion	-23	21
2023-12-29	78.16	82.18	-9.65	3302	Downward Expansion	-39	27
2023-12-22	78.03	82.33	-9.81	12784	Downward Expansion	-44	34
2023-12-15	76.68	82.52	-11.88	14435	Downward Expansion	-58	45
2023-12-08	74.98	82.80	-14.12	24554	Downward Expansion	-62	54
2023-12-01	74.74	83.08	-12.73	9358	Downward Expansion	-65	74
2023-11-24	75.00	83.43	-10.55	49453	Downward Expansion	-66	84
2023-11-17	74.56	83.73	-10.58	15727	Downward Expansion	-66	86
2023-11-10	74.03	84.12	-7.33	28069	Downward Expansion	-76	86
2023-11-03	74.44	84.49	-6.54	47382	Rotation Down	-81	73
2023-10-27	71.15	84.89	-7.80	65814	Rotation Down	-42	36
2023-10-20	86.10	85.31	10.48	8248	Upward Expansion	53	33
2023-10-13	90.05	85.15	12.78	3946	Upward Expansion	67	54

Price vs TrendBelow-6.2%

Trend directionFalling-0.6%

Price vs current Fair ValueBelow anchor-12.9%

Fair Value directionMoving away-5.4%

Relative Strength vs benchmarkLagging-10.3%

Relative strength directionWeakening-2.1%

Price momentumNegative-9.6%

Volume balanceSupply-led0.24×

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

-75 / ±100

-120.8 points since 2026-09-04

Energy

74 /100

+32.0 points since 2026-09-04

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

SNW Directional State ↗ SNW Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance33

Rotation Up11

Upward Expansion17

Deceleration35

Rotation Down76

Downward Expansion88

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

2023-10-13 to 2026-10-02 · 156 classified observations out of 156 shown.

Balance 31%Rotation Up 6%Upward Expansion 19%Deceleration 4%Rotation Down 12%Downward Expansion 28%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Balance	2026-04-17	2026-10-02	Established	-9.1%
Downward Expansion	2026-02-06	2026-04-10	Developing	-0.1%
Balance	2025-12-05	2026-01-30	Developing	-6.9%
Rotation Up	2025-11-07	2025-11-28	New	+0.4%
Balance	2025-10-17	2025-10-31	New	+1.3%
Downward Expansion	2025-06-13	2025-10-10	Established	-4.1%
Deceleration	2025-06-06	2025-06-06	New	+0.0%
Rotation Down	2025-04-11	2025-05-30	Developing	+1.9%
Upward Expansion	2025-03-14	2025-04-04	New	-9.5%
Rotation Up	2025-01-31	2025-03-07	Developing	+5.5%
Rotation Down	2024-11-29	2025-01-24	Developing	+8.9%
Deceleration	2024-10-25	2024-11-22	Developing	-7.0%
Upward Expansion	2024-05-17	2024-10-18	Established	+13.2%
Balance	2024-03-29	2024-05-10	Developing	+3.4%

Classic Stage Analysis comparison

Stage 1 · Basing73

Stage 2 · Advancing7

Stage 3 · Distribution38

Stage 4 · Declining93

Legacy result: Stage 4 · Stage 4A · Breakdown. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^GDAXI

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

Lagging benchmark

Architecture confirmation: 95/100
Current Relative Strength: -10.34
Relative Strength direction: Weakening
Price momentum: -9.6%
Excess performance vs benchmark: -18.5%
Healthcare regime cohort: 100th percentile2 in cohort

Test SNW trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume4.39×

Latest completed volume relative to typical participation.

Up/down volume0.24×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 4

Recent participation evidence classified by demand and supply.

Activity alignment+0.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+75.0%

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 SNW Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity EUR 72.39falling

Slow Activity EUR 75.18falling

Trend Reference EUR 75.41-6.2% close margin

Current Fair Value EUR 81.13-12.9% close margin

Structural low EUR 69.77shock / repair context

What changes the read?

Persistent fast/slow separation and fan expansion would end Balance; direction determines whether it becomes Rotation Up or Rotation Down.

Range context +3.6%

Annualized volatility +17.5%

From structural high -17.7%

From structural low +1.3%

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 ^GDAXI	Regime survived	Read
Near term	19	+0.5%-8.0% to +13.8%	+57.9%	+57.9%	+0.7%	+57.9%	Usable descriptive sample
Intermediate	8	+2.8%-7.8% to +11.0%	+62.5%	+62.5%	+1.5%	+62.5%	Usable descriptive sample
Extended	4	+8.5%-5.2% to +16.8%	+75.0%	+75.0%	-1.7%	+25.0%	Too little matched history
Full cycle	3	+3.7%+3.1% to +8.8%	+100.0%	+100.0%	-9.1%	+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.

SNW Stage Analysis

What the Activity Line geometry says now

Directional pressure has compressed into balance.

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

Lagging 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

Directional pressure has compressed into balance.

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 ?

Lagging 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