Weekly structural research ยท NYSE ยท Healthcare

ANRO Stage Analysis

Alto Neuroscience, Inc.

Week ending 2 Oct 2026Close USD 24.80Tenure NewBenchmark SPY
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Deceleration ยท Recompressing

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 up within the current regime.
  • Fast Activity versus Slow Activity: weakening.
  • Activity structure: compressed and contracting.
Direction 9โˆ’100 bearish to +100 bullish
Energy 21/100directional strength
Maturity 60/100lifecycle context
Confidence 77/100evidence agreement
Trend gate Upstructural direction
Activity structure Compressedcontracting separation
Price acceptance +0.0%position within the Activity structure
Fair Value context +95.2%USD 12.70 ยท weakening
Trend Architecture map ยท 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
  • Rotation UpStructure is turning higher.
  • Upward ExpansionUptrend is established.
  • DecelerationUptrend is losing energy.
View chart values ยท 140 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-10-0224.8025.868.863478490Deceleration921
2026-09-2526.4925.7317.692499420Upward Expansion3323
2026-09-1830.2725.5038.784032300Upward Expansion6149
2026-09-1132.0025.0850.032343623Upward Expansion6673
2026-09-0435.5524.5869.602141746Upward Expansion7686
2026-08-2835.1323.9072.712231593Upward Expansion8186
2026-08-2134.2823.2474.392238426Upward Expansion8581
2026-08-1432.1422.6566.082789015Upward Expansion8269
2026-08-0728.6722.1652.671970973Upward Expansion7061
2026-07-3127.0721.7553.111884065Upward Expansion6462
2026-07-2426.7821.4057.132003837Upward Expansion6366
2026-07-1727.5421.1264.954453320Upward Expansion7071
2026-07-1026.4820.8760.633252075Upward Expansion6360
2026-07-0324.7820.4956.631885736Deceleration5443
2026-06-2627.0420.1179.405887900Deceleration5428
2026-06-1922.7419.6752.001345122Deceleration1716
2026-06-1221.4719.3548.642069612Deceleration818
2026-06-0518.2619.0430.341793130Deceleration618
2026-05-2920.0718.8242.62985164Deceleration2619
2026-05-2221.2218.6256.561764197Upward Expansion4126
2026-05-1522.9818.2875.331899285Upward Expansion5841
2026-05-0824.2617.7291.031670672Upward Expansion6453
2026-05-0124.9417.10107.721017950Upward Expansion6564
2026-04-2424.5216.50113.601414188Upward Expansion6658
2026-04-1727.7215.81151.812321724Upward Expansion8865
2026-04-1022.7815.01126.001254859Upward Expansion7154
2026-04-0321.6814.38131.702078512Upward Expansion6654
2026-03-2720.5013.78135.961263736Upward Expansion6569
2026-03-2021.4713.22151.572257754Upward Expansion7079
2026-03-1322.2612.63167.201557455Upward Expansion7978
2026-03-0620.7611.99156.40935918Upward Expansion7562
2026-02-2719.6911.40148.12658151Deceleration7349
2026-02-2017.6210.85130.081104010Deceleration5235
2026-02-1316.8910.36131.111200340Deceleration4532
2026-02-0615.229.89112.921359966Deceleration4132
2026-01-3015.489.47122.71901264Deceleration4537
2026-01-2316.619.03147.08558101Upward Expansion5746
2026-01-1617.178.56162.96735221Upward Expansion6152
2026-01-0916.378.06158.781288533Upward Expansion6460
2026-01-0216.597.60175.751088297Upward Expansion6764
2025-12-2618.437.13214.431345545Upward Expansion7768
2025-12-1919.986.60261.614420890Upward Expansion9173
2025-12-1215.136.03189.741446934Upward Expansion7766
2025-12-0513.435.61166.261237698Upward Expansion7065
2025-11-2813.855.24185.26877254Upward Expansion7669
2025-11-2113.254.86193.202273789Upward Expansion7670
2025-11-1412.114.50172.602129244Upward Expansion7386
2025-11-0711.554.17168.332556939Upward Expansion7690
2025-10-3114.193.85234.284381526Upward Expansion9999
2025-10-2411.003.44172.5520182862Upward Expansion9797
2025-10-176.083.1557.951712071Upward Expansion7783
2025-10-105.643.0441.633859919Upward Expansion7767
2025-10-036.892.9561.2062219001Upward Expansion9677
2025-09-263.952.84-8.79399919Upward Expansion7359
2025-09-193.602.80-20.71521337Upward Expansion6561
2025-09-123.892.79-17.66382975Upward Expansion7786
2025-09-053.672.77-24.84230106Upward Expansion7283
2025-08-293.682.77-27.87442611Rotation Up7884
2025-08-223.902.79-26.67612529Rotation Up6477
2025-08-153.142.82-42.73355236Rotation Up4061
2025-08-083.072.87-44.97447913Rotation Up2848
2025-08-013.05โ€”โ€”675293Not yet classifiedโ€”โ€”
2025-07-253.08โ€”โ€”544397Not yet classifiedโ€”โ€”
2025-07-182.78โ€”โ€”721550Not yet classifiedโ€”โ€”
2025-07-112.60โ€”โ€”644118Not yet classifiedโ€”โ€”
2025-07-042.35โ€”โ€”868078Not yet classifiedโ€”โ€”
2025-06-272.31โ€”โ€”4378741Not yet classifiedโ€”โ€”
2025-06-202.25โ€”โ€”1040837Not yet classifiedโ€”โ€”
2025-06-132.41โ€”โ€”1081549Not yet classifiedโ€”โ€”
2025-06-062.57โ€”โ€”2168828Not yet classifiedโ€”โ€”
2025-05-302.58โ€”โ€”499121Not yet classifiedโ€”โ€”
2025-05-233.03โ€”โ€”1097386Not yet classifiedโ€”โ€”
2025-05-162.53โ€”โ€”805444Not yet classifiedโ€”โ€”
2025-05-092.22โ€”โ€”1125399Not yet classifiedโ€”โ€”
2025-05-022.44โ€”โ€”763908Not yet classifiedโ€”โ€”
2025-04-252.35โ€”โ€”919673Not yet classifiedโ€”โ€”
2025-04-182.26โ€”โ€”969218Not yet classifiedโ€”โ€”
2025-04-112.13โ€”โ€”2512209Not yet classifiedโ€”โ€”
2025-04-041.80โ€”โ€”1540370Not yet classifiedโ€”โ€”
2025-03-282.27โ€”โ€”967826Not yet classifiedโ€”โ€”
2025-03-212.65โ€”โ€”1506744Not yet classifiedโ€”โ€”
2025-03-143.17โ€”โ€”1114981Not yet classifiedโ€”โ€”
2025-03-073.55โ€”โ€”5132434Not yet classifiedโ€”โ€”
2025-02-282.80โ€”โ€”1206563Not yet classifiedโ€”โ€”
2025-02-213.19โ€”โ€”740298Not yet classifiedโ€”โ€”
2025-02-143.36โ€”โ€”1674976Not yet classifiedโ€”โ€”
2025-02-073.65โ€”โ€”1015993Not yet classifiedโ€”โ€”
2025-01-314.29โ€”โ€”1256228Not yet classifiedโ€”โ€”
2025-01-244.70โ€”โ€”748148Not yet classifiedโ€”โ€”
2025-01-174.64โ€”โ€”1076289Not yet classifiedโ€”โ€”
2025-01-104.35โ€”โ€”876702Not yet classifiedโ€”โ€”
2025-01-034.61โ€”โ€”1005482Not yet classifiedโ€”โ€”
2024-12-274.31โ€”โ€”785713Not yet classifiedโ€”โ€”
2024-12-203.89โ€”โ€”1716915Not yet classifiedโ€”โ€”
2024-12-133.83โ€”โ€”2012083Not yet classifiedโ€”โ€”
2024-12-063.91โ€”โ€”1608658Not yet classifiedโ€”โ€”
2024-11-294.41โ€”โ€”674658Not yet classifiedโ€”โ€”
2024-11-224.31โ€”โ€”2059136Not yet classifiedโ€”โ€”
2024-11-154.52โ€”โ€”2931565Not yet classifiedโ€”โ€”
2024-11-084.29โ€”โ€”3286950Not yet classifiedโ€”โ€”
2024-11-013.98โ€”โ€”2976622Not yet classifiedโ€”โ€”
2024-10-254.37โ€”โ€”22632567Not yet classifiedโ€”โ€”
2024-10-1814.43โ€”โ€”2285207Not yet classifiedโ€”โ€”
2024-10-1113.54โ€”โ€”2851976Not yet classifiedโ€”โ€”
2024-10-0410.45โ€”โ€”1446050Not yet classifiedโ€”โ€”
2024-09-2712.10โ€”โ€”1462717Not yet classifiedโ€”โ€”
2024-09-2013.69โ€”โ€”4522054Not yet classifiedโ€”โ€”
2024-09-1313.62โ€”โ€”1527135Not yet classifiedโ€”โ€”
2024-09-0613.17โ€”โ€”926380Not yet classifiedโ€”โ€”
2024-08-3012.81โ€”โ€”965179Not yet classifiedโ€”โ€”
2024-08-2311.41โ€”โ€”530387Not yet classifiedโ€”โ€”
2024-08-169.36โ€”โ€”1110046Not yet classifiedโ€”โ€”
2024-08-098.38โ€”โ€”1279704Not yet classifiedโ€”โ€”
2024-08-029.11โ€”โ€”2400500Not yet classifiedโ€”โ€”
2024-07-2614.36โ€”โ€”391222Not yet classifiedโ€”โ€”
2024-07-1914.99โ€”โ€”1052753Not yet classifiedโ€”โ€”
2024-07-1213.96โ€”โ€”681166Not yet classifiedโ€”โ€”
2024-07-0511.67โ€”โ€”313323Not yet classifiedโ€”โ€”
2024-06-2810.69โ€”โ€”1776716Not yet classifiedโ€”โ€”
2024-06-2111.00โ€”โ€”616381Not yet classifiedโ€”โ€”
2024-06-1412.03โ€”โ€”360190Not yet classifiedโ€”โ€”
2024-06-0711.81โ€”โ€”490876Not yet classifiedโ€”โ€”
2024-05-3111.96โ€”โ€”311009Not yet classifiedโ€”โ€”
2024-05-2412.92โ€”โ€”703213Not yet classifiedโ€”โ€”
2024-05-1712.47โ€”โ€”469173Not yet classifiedโ€”โ€”
2024-05-1013.49โ€”โ€”377684Not yet classifiedโ€”โ€”
2024-05-0314.22โ€”โ€”461772Not yet classifiedโ€”โ€”
2024-04-2614.18โ€”โ€”272701Not yet classifiedโ€”โ€”
2024-04-1912.96โ€”โ€”613141Not yet classifiedโ€”โ€”
2024-04-1214.27โ€”โ€”442485Not yet classifiedโ€”โ€”
2024-04-0514.52โ€”โ€”808100Not yet classifiedโ€”โ€”
2024-03-2915.35โ€”โ€”876054Not yet classifiedโ€”โ€”
2024-03-2215.97โ€”โ€”1890089Not yet classifiedโ€”โ€”
2024-03-1515.81โ€”โ€”1616463Not yet classifiedโ€”โ€”
2024-03-0813.76โ€”โ€”1131022Not yet classifiedโ€”โ€”
2024-03-0114.88โ€”โ€”1151267Not yet classifiedโ€”โ€”
2024-02-2313.72โ€”โ€”783056Not yet classifiedโ€”โ€”
2024-02-1615.86โ€”โ€”1503502Not yet classifiedโ€”โ€”
2024-02-0916.55โ€”โ€”2284855Not yet classifiedโ€”โ€”
2024-02-0220.70โ€”โ€”2386547Not yet classifiedโ€”โ€”
Price vs TrendBelow-4.1%
Trend directionRising+20.9%
Price vs current Fair ValuePremium+95.2%
Fair Value directionMoving away-31.0%
Relative Strength vs benchmarkLeading+8.9%
Relative strength directionWeakening-47.8%
Price momentumPositive+14.4%
Volume balanceDemand-led1.46ร—
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

9 / ยฑ100

-67.2 points since 2026-09-04

Energy

21 /100

-65.4 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.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance50
Rotation Up20
Upward Expansion57
Deceleration88
Rotation Down42
Downward Expansion23

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 todayโ€™s regime

2024-02-02 to 2026-10-02 ยท 61 classified observations out of 140 shown.

Rotation Up 7%Upward Expansion 74%Deceleration 20%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Deceleration2026-10-022026-10-02New+0.0%
Upward Expansion2026-07-102026-09-25Developing+0.0%
Deceleration2026-05-292026-07-03Developing+23.5%
Upward Expansion2026-03-062026-05-22Developing+2.2%
Deceleration2026-01-302026-02-27Developing+27.2%
Upward Expansion2025-09-052026-01-23Established+352.6%
Rotation Up2025-08-082025-08-29New+19.9%
Classic Stage Analysis comparison
Stage 1 ยท Basing10
Stage 2 ยท Advancing81
Stage 3 ยท Distribution69
Stage 4 ยท Declining19

Legacy result: Stage 2 ยท Stage 2B ยท Advancing. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus SPY

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
29/100
Current Relative Strength
8.86
Relative Strength direction
Weakening
Price momentum
+14.4%
Excess performance vs benchmark
-3.3%
Healthcare regime cohort
18th percentile28 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume1.36ร—

Latest completed volume relative to typical participation.

Up/down volume1.46ร—

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+75.0%

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.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity USD 28.02falling
Slow Activity USD 27.62rising
Trend Reference USD 25.86-4.1% close margin
Current Fair Value USD 12.70+95.2% close margin
Structural low USD 17.90shock / 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 +64.7%
From structural high -33.8%
From structural low +374.6%
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 movePositive periodsDirectional follow-through Median excess vs SPY Regime survived Read
Near term4+15.7%-1.0% to +34.7%+75.0%+75.0%+19.7%+50.0%Too little matched history
Intermediate2+68.1%+61.1% to +75.0%+100.0%+100.0%+65.0%+0.0%Too little matched history
Extended1+74.9%+74.9% to +74.9%+100.0%+100.0%+66.3%+0.0%Too little matched history
Full cycle0โ€”โ€”โ€”โ€”โ€”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.

Evidence context