Weekly structural research · BUE · Healthcare

TMO Stage Analysis

Thermo Fisher Scientific Inc.

Week ending 25 Sep 2026Close ARS 49,580.00Tenure DevelopingBenchmark ^MERV

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Upward Expansion · Early 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: stable.
Activity structure: wide and contracting.

Direction 92−100 bearish to +100 bullish

Energy 76/100directional strength

Maturity 53/100lifecycle context

Confidence 81/100evidence agreement

Trend gate Upstructural direction

Activity structure Widecontracting separation

Price acceptance +66.7%position within the Activity structure

Fair Value context +57.9%ARS 31,406.31 · 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	49,580.00	36,940.21	30.12	2891	Upward Expansion	92	76
2026-09-18	47,240.00	36,437.54	18.68	3247	Upward Expansion	86	74
2026-09-11	44,347.53	35,984.21	7.92	2002	Upward Expansion	67	68
2026-09-04	43,947.83	35,637.29	8.07	1875	Upward Expansion	68	86
2026-08-28	45,266.86	35,407.03	13.73	921	Upward Expansion	87	95
2026-08-21	45,406.75	35,210.13	16.67	386	Upward Expansion	94	97
2026-08-14	42,009.46	35,125.24	6.88	223	Upward Expansion	76	91
2026-08-07	42,560.00	35,155.59	3.54	182	Rotation Up	89	96
2026-07-31	41,200.00	35,172.92	-5.78	138	Rotation Up	60	85
2026-07-24	41,200.00	35,172.92	-5.57	1101	Rotation Up	65	87
2026-07-17	38,120.00	35,182.92	-10.37	896	Rotation Up	41	72
2026-07-10	37,360.00	35,230.25	-14.28	106	Rotation Up	39	61
2026-07-03	37,800.00	35,296.92	-11.16	26	Downward Expansion	24	34
2026-06-26	35,800.00	35,343.58	-13.87	291	Downward Expansion	8	15
2026-06-19	32,880.00	35,508.25	-24.87	12	Downward Expansion	-35	22
2026-06-12	31,860.00	35,748.91	-28.58	672	Downward Expansion	-44	31
2026-06-05	32,468.07	35,996.91	-20.98	438	Downward Expansion	-58	43
2026-05-29	33,239.98	36,188.64	-21.15	3957	Downward Expansion	-62	53
2026-05-22	30,179.98	36,372.64	-20.26	1701	Downward Expansion	-72	80
2026-05-15	29,599.98	36,723.97	-17.59	4743	Downward Expansion	-82	78
2026-05-08	31,419.98	36,995.31	-14.27	2089	Downward Expansion	-69	48
2026-05-01	32,659.98	37,140.64	-12.73	854	Downward Expansion	-49	36
2026-04-24	31,899.98	37,307.97	-14.93	4208	Downward Expansion	-56	36
2026-04-17	34,979.98	37,279.30	-8.17	1476	Downward Expansion	-47	37
2026-04-10	33,299.98	37,248.64	-15.60	2849	Downward Expansion	-62	53
2026-04-03	33,540.00	37,214.64	-15.11	465	Downward Expansion	-66	68
2026-03-27	31,800.00	37,129.97	-13.78	876	Rotation Down	-71	79
2026-03-20	31,660.00	37,079.13	-12.14	3315	Rotation Down	-48	73
2026-03-13	31,080.00	37,030.46	-11.17	2048	Rotation Down	-58	79
2026-03-06	33,799.98	36,960.30	-2.91	1942	Rotation Down	-35	70
2026-02-27	34,499.98	36,766.96	-1.52	423	Rotation Down	-31	62
2026-02-20	33,639.98	36,573.63	-11.73	189	Deceleration	-40	48
2026-02-13	33,939.98	36,385.63	-9.24	3566	Deceleration	-16	27
2026-02-06	37,039.98	36,065.96	-6.33	632	Upward Expansion	23	17
2026-01-30	39,359.97	35,671.29	-7.45	2163	Upward Expansion	61	48
2026-01-23	42,859.97	35,173.46	4.20	1104	Upward Expansion	66	68
2026-01-16	42,919.97	34,487.29	10.35	1036	Upward Expansion	69	71
2026-01-09	43,079.97	33,774.96	5.56	1920	Upward Expansion	73	61
2026-01-02	41,199.97	33,065.62	0.27	1033	Upward Expansion	64	49
2025-12-26	41,499.97	32,422.29	1.86	1393	Upward Expansion	67	47
2025-12-19	39,539.97	31,771.45	-3.45	2353	Upward Expansion	57	43
2025-12-12	39,359.95	31,148.45	1.50	528	Upward Expansion	59	47
2025-12-05	39,199.95	30,568.95	-0.82	573	Upward Expansion	62	51
2025-11-28	40,739.95	29,970.62	3.92	1228	Upward Expansion	70	56
2025-11-21	40,099.95	29,382.62	12.37	869	Upward Expansion	70	59
2025-11-14	39,299.95	28,813.45	2.05	1691	Upward Expansion	68	63
2025-11-07	38,219.96	28,283.45	3.74	2308	Upward Expansion	67	65
2025-10-31	38,759.95	27,901.12	0.16	5225	Upward Expansion	68	67
2025-10-24	40,719.95	27,500.78	51.47	3393	Upward Expansion	88	91
2025-10-17	37,739.96	27,130.95	47.41	3601	Upward Expansion	80	70
2025-10-10	35,779.96	26,887.11	44.70	2949	Upward Expansion	75	68
2025-10-03	37,679.96	26,680.28	62.68	5370	Upward Expansion	92	78
2025-09-26	31,039.96	26,404.28	35.45	2289	Upward Expansion	67	64
2025-09-19	34,059.96	26,348.78	57.43	1409	Upward Expansion	88	92
2025-09-12	32,279.94	26,198.44	43.09	3461	Rotation Up	84	90
2025-09-05	30,999.95	26,093.27	20.93	1481	Rotation Up	52	78
2025-08-29	30,274.95	26,101.60	17.99	1029	Rotation Up	51	80
2025-08-22	30,199.95	26,162.44	10.00	1204	Rotation Up	54	79
2025-08-15	28,974.95	26,180.77	0.41	2343	Rotation Up	41	73
2025-08-08	27,999.95	26,221.60	-8.80	5180	Rotation Up	35	66
2025-08-01	28,699.95	26,270.76	-6.95	4363	Rotation Up	45	56
2025-07-25	27,999.95	26,260.76	-7.57	10354	Downward Expansion	23	37
2025-07-18	24,349.96	26,268.26	-16.16	13174	Downward Expansion	-25	28
2025-07-11	25,199.96	26,372.43	-11.39	9495	Downward Expansion	-26	23
2025-07-04	24,424.96	26,405.76	-17.97	11720	Downward Expansion	-42	32
2025-06-27	22,274.96	26,454.09	-24.75	3879	Downward Expansion	-48	44
2025-06-20	21,549.96	26,601.59	-28.95	909	Downward Expansion	-63	54
2025-06-13	21,799.96	26,744.09	-31.26	15634	Downward Expansion	-63	59
2025-06-06	21,899.94	26,900.75	-32.80	5173	Downward Expansion	-65	63
2025-05-30	21,974.94	27,135.75	-37.20	1263	Downward Expansion	-67	74
2025-05-23	20,849.95	27,394.91	-42.82	3361	Downward Expansion	-80	91
2025-05-16	21,974.94	27,677.41	-39.95	6662	Downward Expansion	-73	89
2025-05-09	21,249.95	28,027.41	-37.15	3117	Downward Expansion	-87	95
2025-05-02	23,099.94	28,381.57	-32.10	496	Downward Expansion	-78	91
2025-04-25	23,024.94	28,720.74	-36.79	2818	Downward Expansion	-83	89
2025-04-18	23,399.94	29,108.23	-35.26	488	Downward Expansion	-86	82
2025-04-11	26,749.93	29,467.40	-29.26	1529	Balance	-57	50
2025-04-04	26,749.93	29,729.90	-25.36	2102	Balance	-56	29
2025-03-28	29,624.92	30,011.56	-27.58	891	Balance	-13	7
2025-03-21	30,424.92	30,219.89	-28.19	1615	Balance	-14	10
2025-03-14	29,574.92	30,389.89	-28.16	1893	Balance	-26	19
2025-03-07	29,399.90	30,582.38	-27.36	481	Balance	-25	22
2025-02-28	29,374.90	30,773.22	-26.76	5796	Balance	-19	14
2025-02-21	29,549.90	31,024.05	-32.25	4147	Balance	-1	15
2025-02-14	29,124.90	31,249.04	-34.78	4104	Rotation Up	2	23
2025-02-07	31,249.90	31,356.54	-31.69	2686	Rotation Up	8	32
2025-01-31	32,099.89	31,501.54	-34.87	742	Downward Expansion	20	36
2025-01-24	30,749.90	31,572.71	-38.38	621	Downward Expansion	4	24
2025-01-17	30,199.90	31,669.29	-38.92	2831	Downward Expansion	-25	29
2025-01-10	29,474.90	31,797.90	-47.44	950	Downward Expansion	-38	31
2025-01-03	28,399.90	31,907.20	-48.77	197	Downward Expansion	-47	43
2024-12-27	28,224.91	32,118.65	-46.88	504	Downward Expansion	-53	54
2024-12-20	27,474.91	32,247.48	-46.69	42081	Downward Expansion	-65	64
2024-12-13	26,199.91	32,419.28	-47.69	3962	Downward Expansion	-68	81
2024-12-06	25,874.90	32,536.79	-45.13	604	Downward Expansion	-78	91
2024-11-29	26,699.89	32,640.96	-45.38	4172	Downward Expansion	-73	90
2024-11-22	25,824.90	32,725.40	-46.58	38600	Downward Expansion	-90	96
2024-11-15	26,499.89	32,808.82	-41.90	346	Rotation Down	-94	97
2024-11-08	28,949.88	32,806.05	-34.15	504	Rotation Down	-58	84
2024-11-01	29,749.88	32,737.72	-30.01	332	Rotation Down	-55	80
2024-10-25	29,324.88	32,672.95	-31.49	593	Deceleration	-53	73
2024-10-18	32,474.87	32,642.67	-22.73	93	Deceleration	-7	30
2024-10-11	31,874.87	32,530.70	-23.02	96	Deceleration	-11	21
2024-10-04	33,274.86	32,410.20	-19.09	1156	Deceleration	9	13
2024-09-27	34,649.86	32,245.05	-15.20	233	Deceleration	33	18
2024-09-20	34,174.86	32,037.38	-21.60	1778	Deceleration	36	22
2024-09-13	34,624.86	31,856.15	-21.12	731	Deceleration	41	30
2024-09-06	35,199.84	31,554.48	-16.09	89	Upward Expansion	54	38
2024-08-30	35,874.84	31,425.91	-15.11	386	Upward Expansion	59	43
2024-08-23	35,524.84	31,303.13	-10.83	121	Upward Expansion	57	47
2024-08-16	35,349.84	31,149.33	-14.09	241	Upward Expansion	59	48
2024-08-09	35,124.84	31,054.16	-11.74	127	Upward Expansion	60	47
2024-08-02	36,899.83	30,821.64	1.79	601	Upward Expansion	77	58
2024-07-26	36,299.84	30,504.94	-7.38	2945	Upward Expansion	78	55
2024-07-19	32,349.85	30,074.73	-19.32	211	Upward Expansion	61	48
2024-07-12	35,599.84	29,742.11	-19.28	556	Upward Expansion	80	65
2024-07-05	34,234.84	29,355.45	-18.77	182	Upward Expansion	71	62
2024-06-28	33,647.34	28,968.10	-19.74	269	Upward Expansion	67	79
2024-06-21	34,058.34	28,499.85	-17.42	2	Upward Expansion	75	87
2024-06-14	32,753.85	28,064.56	-21.33	28	Upward Expansion	67	86
2024-06-07	34,743.32	27,596.10	-13.67	91	Upward Expansion	92	94
2024-05-31	32,089.83	27,028.35	-27.07	87	Upward Expansion	80	84
2024-05-24	32,628.83	26,562.27	-20.28	309	Upward Expansion	88	83
2024-05-17	29,725.35	26,037.89	-25.68	164	Deceleration	57	50
2024-05-10	28,999.85	25,763.37	-24.89	160	Deceleration	43	26
2024-05-03	29,233.35	25,500.29	-27.33	153	Deceleration	32	17
2024-04-26	28,327.35	25,180.32	-21.08	222	Deceleration	18	16
2024-04-19	26,416.87	24,869.67	-21.69	1178	Deceleration	9	14
2024-04-12	26,899.87	24,560.12	-24.75	230	Deceleration	24	16
2024-04-05	27,806.86	24,239.86	-21.21	65	Deceleration	38	25
2024-03-29	28,416.35	23,895.41	-20.46	366	Deceleration	40	28
2024-03-22	29,115.85	23,596.53	-20.45	158	Deceleration	43	31
2024-03-15	28,259.86	23,260.36	-12.56	102	Deceleration	39	29
2024-03-08	28,320.34	22,917.03	-7.64	166	Deceleration	39	27
2024-03-01	28,419.84	22,464.93	-12.64	1244	Upward Expansion	45	34
2024-02-23	28,737.83	22,004.26	-16.25	911	Upward Expansion	50	44
2024-02-16	25,574.85	21,514.65	-23.18	68	Upward Expansion	63	56
2024-02-09	31,342.82	21,112.53	-11.87	140	Upward Expansion	68	87
2024-02-02	32,191.31	20,501.60	-22.90	411	Upward Expansion	79	91
2024-01-26	30,910.83	19,831.57	-23.03	201	Upward Expansion	77	91
2024-01-19	32,494.81	19,205.13	-14.35	182	Upward Expansion	91	94
2024-01-12	28,149.34	18,532.55	-16.20	804	Upward Expansion	82	82
2024-01-05	27,398.84	18,005.70	-20.62	502	Upward Expansion	85	81
2023-12-29	23,393.37	17,485.17	-23.63	425	Upward Expansion	68	71
2023-12-22	22,371.37	17,097.54	-29.10	479	Upward Expansion	61	67
2023-12-15	23,999.86	16,733.87	-22.98	647	Upward Expansion	79	74
2023-12-08	22,614.36	16,330.24	-29.58	1822	Upward Expansion	74	55
2023-12-01	19,599.88	15,948.34	-34.89	170	Deceleration	52	33
2023-11-24	20,999.87	15,673.94	-34.81	408	Deceleration	59	33
2023-11-17	18,699.88	15,355.69	-18.62	3933	Deceleration	34	26
2023-11-10	17,710.89	15,127.71	-25.60	1907	Upward Expansion	41	25
2023-11-03	18,107.38	14,897.76	-22.18	341	Upward Expansion	59	45
2023-10-27	16,897.39	14,653.33	-30.01	770	Upward Expansion	63	56
2023-10-20	21,489.86	14,443.84	-27.93	347	Upward Expansion	82	72
2023-10-13	21,107.37	14,057.50	-26.30	139	Upward Expansion	86	72
2023-10-06	19,634.38	13,687.73	-18.10	181	Upward Expansion	81	68

Price vs TrendAbove+34.2%

Trend directionRising+5.0%

Price vs current Fair ValuePremium+57.9%

Fair Value directionClosing upward+35.2%

Relative Strength vs benchmarkLeading+30.1%

Relative strength directionImproving+44.0%

Price momentumPositive+55.9%

Volume balanceDemand-led3.43×

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

92 / ±100

+5.0 points since 2026-08-28

Energy

76 /100

-18.9 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.

TMO Directional State ↗ TMO Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance7

Rotation Up72

Upward Expansion85

Deceleration68

Rotation Down19

Downward Expansion12

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 5%Rotation Up 9%Upward Expansion 40%Deceleration 15%Rotation Down 5%Downward Expansion 26%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2026-08-14	2026-09-25	Developing	+18.0%
Rotation Up	2026-07-10	2026-08-07	Developing	+13.9%
Downward Expansion	2026-04-03	2026-07-03	Established	+12.7%
Rotation Down	2026-02-27	2026-03-27	Developing	-7.8%
Deceleration	2026-02-13	2026-02-20	New	-0.9%
Upward Expansion	2025-09-19	2026-02-06	Established	+8.7%
Rotation Up	2025-08-01	2025-09-12	Developing	+12.5%
Downward Expansion	2025-04-18	2025-07-25	Established	+19.7%
Balance	2025-02-21	2025-04-11	Developing	-9.5%
Rotation Up	2025-02-07	2025-02-14	New	-6.8%
Downward Expansion	2024-11-22	2025-01-31	Developing	+24.3%
Rotation Down	2024-11-01	2024-11-15	New	-10.9%
Deceleration	2024-09-13	2024-10-25	Developing	-15.3%
Upward Expansion	2024-05-24	2024-09-06	Established	+7.9%

Classic Stage Analysis comparison

Stage 1 · Basing20

Stage 2 · Advancing100

Stage 3 · Distribution55

Stage 4 · Declining0

Legacy result: Stage 2 · Stage 2C · Late advance. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^MERV

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: 30.12
Relative Strength direction: Improving
Price momentum: +55.9%
Excess performance vs benchmark: +52.3%
Healthcare regime cohort: 82th percentile11 in cohort

Test TMO trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume2.24×

Latest completed volume relative to typical participation.

Up/down volume3.43×

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationStable

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 TMO Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity ARS 46,871.01rising

Slow Activity ARS 39,763.41rising

Trend Reference ARS 36,940.21+34.2% close margin

Current Fair Value ARS 31,406.31+57.9% close margin

Structural low ARS 29,479.98shock / 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 +3.9%

Annualized volatility +33.1%

From structural high -0.7%

From structural low +68.2%

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 ^MERV	Regime survived	Read
Near term	32	+4.3%-14.0% to +21.2%	+65.6%	+65.6%	-6.5%	+81.2%	Usable descriptive sample
Intermediate	11	+8.9%-27.3% to +65.3%	+63.6%	+63.6%	-23.2%	+45.5%	Usable descriptive sample
Extended	7	+21.9%-17.2% to +116.3%	+57.1%	+57.1%	-39.6%	+57.1%	Usable descriptive sample
Full cycle	4	+36.0%+14.4% to +136.1%	+100.0%	+100.0%	-91.3%	+50.0%	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.

TMO 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