Weekly structural research ยท NASDAQ ยท Healthcare

IOVA Stage Analysis

Iovance Biotherapeutics Inc

Week ending 9 Oct 2026Close USD 14.62Tenure EstablishedBenchmark QQQ
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Upward Expansion ยท 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: improving.
  • Activity structure: wide and expanding.
Direction 90โˆ’100 bearish to +100 bullish
Energy 91/100directional strength
Maturity 58/100lifecycle context
Confidence 75/100evidence agreement
Trend gate Upstructural direction
Activity structure Wideexpanding separation
Price acceptance +100.0%position within the Activity structure
Fair Value context +136.8%USD 6.17 ยท improving
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
  • 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 ยท 156 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-10-0914.625.88191.8277050682Upward Expansion9091
2026-10-0214.225.53198.03147631014Upward Expansion9689
2026-09-2511.005.22143.2869665791Upward Expansion8890
2026-09-1810.254.99142.8198906557Upward Expansion8891
2026-09-118.604.74113.1544441151Upward Expansion7490
2026-09-048.794.54122.8053996984Upward Expansion8293
2026-08-288.014.33109.5452872019Upward Expansion8192
2026-08-218.294.15123.63121179980Upward Expansion9191
2026-08-146.983.9688.3874332863Upward Expansion8882
2026-08-076.343.8176.43143700799Upward Expansion8569
2026-07-314.073.6821.4271612325Upward Expansion5639
2026-07-244.993.6250.3170039863Upward Expansion7062
2026-07-175.003.5549.24122064045Upward Expansion7454
2026-07-104.233.4722.5758400814Upward Expansion5534
2026-07-034.313.4028.4262850323Upward Expansion5836
2026-06-264.253.3329.2577940810Upward Expansion5944
2026-06-193.913.2714.9556586011Upward Expansion5451
2026-06-124.083.2223.9353919501Upward Expansion5759
2026-06-054.233.1632.2379137567Upward Expansion6150
2026-05-294.103.1023.5053945921Deceleration5733
2026-05-224.113.0328.5861387643Deceleration5727
2026-05-153.452.9710.3068387807Deceleration3416
2026-05-083.622.9216.21119673390Deceleration3720
2026-05-013.402.8715.9156807008Deceleration3721
2026-04-243.442.8417.9769949997Deceleration3922
2026-04-173.862.7933.9565803081Deceleration4426
2026-04-103.702.7335.77106470384Deceleration4125
2026-04-033.432.6830.7737981073Upward Expansion5436
2026-03-273.512.6538.4047405600Upward Expansion6262
2026-03-203.692.6139.9772895490Upward Expansion6579
2026-03-133.962.5846.60113960463Upward Expansion6681
2026-03-065.132.5387.33119930508Upward Expansion9693
2026-02-273.862.4339.73169351283Upward Expansion8977
2026-02-202.872.392.7631582804Upward Expansion6645
2026-02-132.572.40-9.3434627126Balance5027
2026-02-062.532.39-14.0356020477Balance4622
2026-01-302.552.37-17.2964724455Balance4823
2026-01-232.642.34-16.8051845837Balance5426
2026-01-162.362.31-27.5367474617Balance4635
2026-01-092.452.30-27.4357306228Balance4847
2026-01-022.522.29-26.0344207104Balance4844
2025-12-262.852.27-20.7342040901Balance6544
2025-12-192.482.24-32.3387121428Balance4221
2025-12-122.202.21-41.5852122284Balance2510
2025-12-052.202.19-44.6442786751Balance3821
2025-11-282.472.18-39.7335712580Balance4426
2025-11-212.242.21-44.9455384534Balance2913
2025-11-142.472.26-43.2593128496Balance137
2025-11-072.302.28-48.95197906094Balance-2916
2025-10-311.972.31-59.4167729255Balance-4632
2025-10-242.252.34-54.9866616408Balance-3315
2025-10-172.182.39-57.2553699481Balance-3518
2025-10-102.102.43-59.4168040446Balance-4724
2025-10-032.342.48-57.3140818382Balance-3319
2025-09-262.112.53-62.4543648314Balance-3721
2025-09-192.052.60-64.8558936237Balance-3821
2025-09-122.272.72-61.5848764607Balance-2613
2025-09-052.492.83-58.5138720090Balance-2010
2025-08-292.232.94-63.6948002712Balance-1711
2025-08-222.693.06-57.8877680090Balance-59
2025-08-152.553.18-61.7767731623Downward Expansion-1017
2025-08-082.113.29-69.13104154412Downward Expansion-2122
2025-08-012.683.44-60.5087222110Downward Expansion-2622
2025-07-253.133.60-55.77250534527Downward Expansion-2217
2025-07-182.233.74-68.89121014714Downward Expansion-5149
2025-07-111.873.91-74.0960767855Downward Expansion-6361
2025-07-041.754.11-76.3428009395Downward Expansion-6963
2025-06-271.694.36-77.1959684652Downward Expansion-7464
2025-06-201.984.61-72.7140096170Downward Expansion-6764
2025-06-132.244.83-69.6878820663Downward Expansion-6674
2025-06-062.055.03-72.8952118656Downward Expansion-6787
2025-05-301.755.31-76.7845670753Downward Expansion-7189
2025-05-231.785.63-76.4457093181Downward Expansion-7672
2025-05-161.665.92-79.05112838350Downward Expansion-8572
2025-05-091.756.21-76.96168623796Downward Expansion-8971
2025-05-023.506.47-55.1940463364Downward Expansion-6462
2025-04-253.516.71-54.8446173227Downward Expansion-6765
2025-04-183.066.91-59.0534249750Downward Expansion-7469
2025-04-113.307.15-57.8362498005Downward Expansion-7078
2025-04-043.007.38-59.7352038059Downward Expansion-8090
2025-03-283.567.61-58.0239225153Downward Expansion-7087
2025-03-213.547.88-60.3339386619Downward Expansion-7690
2025-03-143.598.16-60.7542568702Downward Expansion-8289
2025-03-073.758.39-60.9868513456Downward Expansion-8686
2025-02-284.248.60-58.5187089935Downward Expansion-8687
2025-02-215.788.72-46.8130181900Downward Expansion-6681
2025-02-145.578.83-51.0542180502Downward Expansion-7386
2025-02-075.698.91-49.0532436344Downward Expansion-7284
2025-01-315.859.01-48.0338617191Downward Expansion-7280
2025-01-246.259.06-45.6033742527Downward Expansion-6977
2025-01-175.919.12-48.0757553428Downward Expansion-7879
2025-01-106.409.19-42.5240285243Downward Expansion-7473
2025-01-037.659.25-33.3632405604Rotation Down-6066
2024-12-277.379.25-36.6624412721Rotation Down-4157
2024-12-207.389.30-36.3137382023Rotation Down-4352
2024-12-137.839.39-34.3025229010Balance-3047
2024-12-069.039.47-23.9420412041Balance-1429
2024-11-299.329.54-18.8723955903Balance-1020
2024-11-228.559.68-24.8644639021Balance-1722
2024-11-158.189.78-26.6551726802Balance-12
2024-11-0810.589.89-8.0757235293Balance4835
2024-11-0111.199.953.4022701998Balance2823
2024-10-2510.6710.02-2.0124249291Balance129
2024-10-1810.2410.16-4.8528575245Balance25
2024-10-119.7410.32-8.3819442743Balance-1812
2024-10-0410.4610.460.4819951023Balance-2112
2024-09-279.6110.64-6.7119875750Balance-2315
2024-09-2010.1510.870.1926705748Balance-512
2024-09-1310.3411.064.2939461776Balance021
2024-09-0610.0111.027.7020812001Downward Expansion025
2024-08-3011.6610.9918.8723738979Downward Expansion1232
2024-08-2311.8710.8720.9834637972Downward Expansion1123
2024-08-1610.5010.738.9336510156Downward Expansion-2121
2024-08-099.9210.649.0654749915Downward Expansion-4024
2024-08-027.7910.61-13.8335825662Downward Expansion-5336
2024-07-269.2510.63-1.0327077555Downward Expansion-4837
2024-07-197.9610.59-16.9429820715Downward Expansion-6451
2024-07-128.7310.60-12.8333814982Rotation Down-6456
2024-07-057.2810.57-27.7125087845Rotation Down-4871
2024-06-288.0210.54-17.9345749314Rotation Down-4171
2024-06-218.0110.48-18.2831610852Rotation Down-4573
2024-06-148.1610.41-17.0241349979Rotation Down-3768
2024-06-077.7810.31-18.5140242075Rotation Down-4368
2024-05-318.8810.18-4.9527188646Deceleration-3650
2024-05-2410.0110.024.9326121466Deceleration-518
2024-05-1710.249.818.8232778245Deceleration111
2024-05-1010.969.5819.1537044578Deceleration2218
2024-05-0313.639.3350.5823201911Deceleration3725
2024-04-2611.649.0131.1415120632Deceleration3126
2024-04-1911.318.7833.6223886893Deceleration3724
2024-04-1212.368.5639.3522780306Deceleration4539
2024-04-0513.538.3253.3021457058Upward Expansion5951
2024-03-2914.828.0768.5019974969Upward Expansion6462
2024-03-2215.027.7872.2528778048Upward Expansion6684
2024-03-1513.917.4966.9046566987Upward Expansion6888
2024-03-0815.707.2388.2247029709Upward Expansion7891
2024-03-0116.796.94101.1867599639Upward Expansion9296
2024-02-2315.776.6295.38170637844Upward Expansion9286
2024-02-169.156.3316.4543025942Upward Expansion6645
2024-02-099.186.2814.6926686725Upward Expansion6943
2024-02-027.906.240.1625688379Upward Expansion4837
2024-01-267.596.22-3.3828740414Upward Expansion6147
2024-01-197.786.20-1.3526163989Rotation Up6455
2024-01-129.016.2117.0341181298Rotation Up5069
2024-01-058.476.1813.4825551706Rotation Up4875
2023-12-298.136.165.2666748452Rotation Up4071
2023-12-228.346.187.8637441115Rotation Up5074
2023-12-157.786.151.3147631092Rotation Up4953
2023-12-086.406.14-14.2631409297Downward Expansion1333
2023-12-016.266.18-16.3733857134Downward Expansion-222
2023-11-245.796.20-23.1438295537Downward Expansion-2526
2023-11-175.056.19-32.8133998556Downward Expansion-4841
2023-11-103.976.21-46.6635122925Downward Expansion-6459
2023-11-034.216.27-42.9427182494Downward Expansion-6777
2023-10-273.506.32-50.5527324562Downward Expansion-7388
2023-10-203.336.41-55.2230708880Downward Expansion-8292
Price vs TrendAbove+148.5%
Trend directionRising+60.0%
Price vs current Fair ValuePremium+136.8%
Fair Value directionClosing upward+165.7%
Relative Strength vs benchmarkLeading+191.8%
Relative strength directionImproving+169.2%
Price momentumPositive+295.1%
Volume balanceDemand-led3.80ร—
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

90 / ยฑ100

+16.2 points since 2026-09-11

Energy

91 /100

+1.9 points since 2026-09-11

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
Balance1
Rotation Up89
Upward Expansion98
Deceleration41
Rotation Down8
Downward Expansion20

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

2023-10-20 to 2026-10-09 ยท 156 classified observations out of 156 shown.

Balance 26%Rotation Up 4%Upward Expansion 24%Deceleration 10%Rotation Down 6%Downward Expansion 31%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Upward Expansion2026-06-052026-10-09Established+245.6%
Deceleration2026-04-102026-05-29Developing+10.8%
Upward Expansion2026-02-202026-04-03Developing+19.5%
Balance2025-08-222026-02-13Established-4.5%
Downward Expansion2025-01-102025-08-15Extended-60.2%
Rotation Down2024-12-202025-01-03New+3.7%
Balance2024-09-132024-12-13Established-24.3%
Downward Expansion2024-07-192024-09-06Developing+25.8%
Rotation Down2024-06-072024-07-12Developing+12.2%
Deceleration2024-04-122024-05-31Developing-28.2%
Upward Expansion2024-01-262024-04-05Developing+78.3%
Rotation Up2023-12-152024-01-19Developing+0.0%
Downward Expansion2023-09-292023-12-08Developing+40.7%
Rotation Down2023-09-012023-09-22New-20.8%
Classic Stage Analysis comparison
Stage 1 ยท Basing19
Stage 2 ยท Advancing100
Stage 3 ยท Distribution51
Stage 4 ยท Declining0

Legacy result: Stage 2 ยท Stage 2C ยท Late advance. 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
99/100
Current Relative Strength
191.82
Relative Strength direction
Improving
Price momentum
+295.1%
Excess performance vs benchmark
+272.2%
Healthcare regime cohort
84th percentile135 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume0.97ร—

Latest completed volume relative to typical participation.

Up/down volume3.80ร—

Participation balance between advancing and declining observations.

Accumulation / distribution5 / 0

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

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.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity USD 12.80rising
Slow Activity USD 7.36rising
Trend Reference USD 5.88+148.5% close margin
Current Fair Value USD 6.17+136.8% close margin
Structural low USD 3.27shock / 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 +12.3%
Annualized volatility +90.4%
From structural high -4.4%
From structural low +730.7%
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 QQQ Regime survived Read
Near term11+1.9%-24.7% to +107.8%+54.5%+54.5%-2.1%+72.7%Usable descriptive sample
Intermediate4+48.3%-35.1% to +107.8%+75.0%+75.0%+38.4%+25.0%Too little matched history
Extended3+21.9%-4.2% to +188.9%+66.7%+66.7%+12.3%+33.3%Too little matched history
Full cycle1+0.5%+0.5% to +0.5%+100.0%+100.0%-30.6%+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.

Evidence context