Weekly structural research ยท NYSE ยท Healthcare

BIO-B Stage Analysis

Bio-Rad Laboratories Inc

Week ending 18 Sep 2026Close USD 365.08Tenure DevelopingBenchmark SPY
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Upward Expansion ยท 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: improving.
  • Activity structure: wide and expanding.
Direction 69โˆ’100 bearish to +100 bullish
Energy 89/100directional strength
Maturity 32/100lifecycle context
Confidence 82/100evidence agreement
Trend gate Upstructural direction
Activity structure Wideexpanding separation
Price acceptance +83.3%position within the Activity structure
Fair Value context +21.6%USD 300.11 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
  • 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
2026-09-18365.08303.5711.5678Upward Expansion6989
2026-09-11365.08300.1311.6995Upward Expansion7792
2026-09-04365.08296.5311.32211Upward Expansion8896
2026-08-28365.08294.1911.90105Upward Expansion9899
2026-08-21365.08292.4512.88210Upward Expansion99100
2026-08-14337.00290.703.2057Upward Expansion9397
2026-08-07337.00289.833.57117Upward Expansion9597
2026-07-31309.37288.95-1.3882Upward Expansion6769
2026-07-24309.37289.00-0.2441Rotation Up7158
2026-07-17309.37289.04-0.71133Rotation Up4436
2026-07-10298.50289.08-5.67869Rotation Up3032
2026-07-03296.49289.49-5.1363Rotation Up3557
2026-06-26296.49289.96-3.101031Rotation Up3565
2026-06-19304.15290.44-2.9821Rotation Up3263
2026-06-12304.15290.66-2.16135Rotation Up3857
2026-06-05304.15291.00-1.6652Rotation Up1620
2026-05-29304.15291.04-4.1785Rotation Up-921
2026-05-22267.43291.01-14.62157Downward Expansion-6262
2026-05-15260.90292.80-16.273980Downward Expansion-7140
2026-05-08255.54293.60-18.091402Downward Expansion-5730
2026-05-01299.45294.57-2.09664Downward Expansion324
2026-04-24299.45294.09-1.18119Downward Expansion-922
2026-04-17277.00293.60-8.1434Downward Expansion-4840
2026-04-10277.00293.86-4.18132Downward Expansion-5149
2026-04-03278.25292.87-0.37173Downward Expansion-5557
2026-03-27268.55291.83-0.8158Rotation Down-7266
2026-03-20268.55291.11-3.2914Rotation Down-4859
2026-03-13268.55290.39-5.30450Rotation Down-4867
2026-03-06281.95289.68-2.3855Rotation Down-3977
2026-02-27268.88288.51-8.95112Rotation Down-3858
2026-02-20261.83287.78-12.3269Rotation Down-5765
2026-02-13257.05287.29-13.5269Rotation Down-3765
2026-02-06295.05287.31-2.611944Rotation Down1734
2026-01-30312.75286.072.3520Upward Expansion7892
2026-01-23312.75283.982.0966Upward Expansion7489
2026-01-16310.70281.890.4563Upward Expansion5056
2026-01-09310.70279.87-0.4435Upward Expansion5158
2026-01-02310.70277.850.5119Upward Expansion6264
2025-12-26310.70275.83-0.9528Upward Expansion6472
2025-12-19310.70273.810.0276Upward Expansion6576
2025-12-12310.70271.79-0.2871Upward Expansion6665
2025-12-05310.70269.77-1.31124Upward Expansion6867
2025-11-28310.70267.23-1.42159Upward Expansion7169
2025-11-21310.70264.681.76172Upward Expansion7069
2025-11-14314.40262.140.59189Upward Expansion8575
2025-11-07305.40259.17-2.602274Upward Expansion7471
2025-10-31303.15256.50-5.32427Upward Expansion7772
2025-10-24321.12254.460.39456Upward Expansion9999
2025-10-17284.88252.62-9.6387Upward Expansion6789
2025-10-10284.88251.98-8.6190Upward Expansion8394
2025-10-03284.88251.35-11.3682Upward Expansion9398
2025-09-26284.88250.71-10.96172Rotation Up9498
2025-09-19284.88251.62-11.73632Rotation Up6364
2025-09-12247.05252.52-22.97279Rotation Down-5150
2025-09-05247.05254.69-22.41237Rotation Down-5454
2025-08-29247.05257.92-22.84305Rotation Down-6563
2025-08-22247.05261.60-23.48173Rotation Down-5665
2025-08-15247.05265.27-23.8672Downward Expansion-6869
2025-08-08247.05268.40-23.73142Downward Expansion-5858
2025-08-01247.05271.53-22.51330Downward Expansion-4846
2025-07-25247.05274.15-25.01293Downward Expansion-3335
2025-07-18257.75276.78-21.0590Downward Expansion-1337
2025-07-11257.75279.05-20.93231Downward Expansion-3346
2025-07-04250.08281.69-23.7771Downward Expansion-4051
2025-06-27250.08284.59-22.8194Downward Expansion-3745
2025-06-20250.08287.46-20.48172Downward Expansion-4648
2025-06-13250.08290.28-20.92204Downward Expansion-4545
2025-06-06250.08293.11-21.5153Downward Expansion-4453
2025-05-30250.08295.93-20.5919Downward Expansion-4750
2025-05-23250.08298.76-19.50392Downward Expansion-5259
2025-05-16250.08301.59-21.84323Downward Expansion-6466
2025-05-09234.41304.41-23.1738Downward Expansion-6675
2025-05-02234.41307.76-23.8560Downward Expansion-6786
2025-04-25234.41311.11-22.01189Downward Expansion-6986
2025-04-18225.29314.18-21.9663Downward Expansion-9095
2025-04-11225.29317.57-23.45422Downward Expansion-9799
2025-04-04241.99320.95-13.86152Downward Expansion-9598
2025-03-28265.82323.77-14.4673Downward Expansion-7892
2025-03-21265.82325.81-16.1941Downward Expansion-9096
2025-03-14265.82327.84-16.2646Rotation Down-9698
2025-03-07265.82329.87-18.68550Rotation Down-9578
2025-02-28312.05331.90-8.09193Rotation Down-5661
2025-02-21312.05332.39-9.37249Rotation Down-4443
2025-02-14312.05331.80-11.28894Rotation Down1221
2025-02-07343.85331.21-1.45480Upward Expansion6688
2025-01-31357.65329.192.07918Upward Expansion9384
2025-01-24357.05326.720.68800Upward Expansion9189
2025-01-17341.00324.27-2.4161Deceleration8561
2025-01-10341.00322.350.15359Deceleration4444
2025-01-03325.60320.43-6.49133Rotation Down-3457
2024-12-27325.85319.19-7.3127Rotation Down-332
2024-12-20325.85317.66-7.12226Upward Expansion3050
2024-12-13337.08316.13-6.0987Upward Expansion8474
2024-12-06337.08314.22-6.95126Upward Expansion9076
2024-11-29336.00312.32-6.79129Upward Expansion8675
2024-11-22334.85310.45-6.3759Upward Expansion6588
2024-11-15334.85308.61-5.1359Upward Expansion6688
2024-11-08334.85306.78-7.4179Upward Expansion6789
2024-11-01334.85306.91-3.41361Upward Expansion6789
2024-10-25334.85306.82-4.9032Upward Expansion7290
2024-10-18334.85306.73-6.0725Upward Expansion7892
2024-10-11334.85306.64-5.82101Upward Expansion8172
2024-10-04334.85306.55-5.50165Upward Expansion8674
2024-09-27326.74306.46-8.2758Upward Expansion6373
2024-09-20326.74306.65-8.51214Rotation Up6581
2024-09-13326.74307.02-8.07204Rotation Up3978
2024-09-06326.78307.89-5.2415Rotation Up4079
2024-08-30326.78307.70-9.9113Rotation Up4079
2024-08-23326.78307.39-10.45113Rotation Up4279
2024-08-16326.78307.07-10.0191Rotation Up5464
2024-08-09326.78306.75-7.2685Rotation Up5885
2024-08-02326.78306.44-7.96224Rotation Up3656
2024-07-26294.23306.12-19.5121Downward Expansion-4055
2024-07-19294.23307.00-20.90306Downward Expansion-4974
2024-07-12283.45307.88-25.9990Downward Expansion-4954
2024-07-05283.45308.63-25.9766Downward Expansion-4954
2024-06-28283.45309.37-25.2746Downward Expansion-4953
2024-06-21283.45310.15-25.98148Downward Expansion-5057
2024-06-14283.45310.71-26.212026Downward Expansion-5360
2024-06-07288.40311.26-24.37604Downward Expansion-6486
2024-05-31279.91311.65-26.3450Downward Expansion-6688
2024-05-24279.91311.42-27.3031Rotation Down-6789
2024-05-17279.91311.12-28.0221Rotation Down-3979
2024-05-10279.91312.37-27.54125Rotation Down-4882
2024-05-03279.91314.87-26.92223Rotation Down-5080
2024-04-26279.91317.38-27.6074Rotation Down-5462
2024-04-19279.91319.88-26.77788Rotation Down-4339
2024-04-12338.55323.01-15.36630Rotation Up7252
2024-04-05332.20324.65-19.11257Rotation Up1732
2024-03-29332.20326.49-20.81102Rotation Up1933
2024-03-22332.20328.34-21.5098Rotation Up3140
2024-03-15332.20330.18-20.7838Rotation Up3446
2024-03-08332.20332.03-21.5654Rotation Up2852
2024-03-01332.20333.87-22.489447Rotation Up2753
2024-02-23338.00335.72-21.026013Rotation Up2251
2024-02-16352.91337.37-16.87478Rotation Up3774
2024-02-09321.02338.52-25.15267Downward Expansion-1853
2024-02-02317.30340.19-25.6039Downward Expansion-2654
2024-01-26317.30341.98-25.13126Downward Expansion-2844
2024-01-19317.30343.78-24.968Downward Expansion-2427
2024-01-12317.30345.57-24.6826Downward Expansion-3331
2024-01-05317.30347.36-23.88236Downward Expansion-3732
2023-12-29320.65349.16-24.89118Downward Expansion-4137
2023-12-22320.65350.84-25.27113Downward Expansion-4443
2023-12-15305.75352.61-28.68115Downward Expansion-4853
2023-12-08305.75354.89-27.612361Downward Expansion-5258
2023-12-01306.87357.16-27.751909Downward Expansion-6465
2023-11-24300.10362.53-29.2677Downward Expansion-6668
2023-11-17300.10367.99-29.0357Downward Expansion-6769
2023-11-10300.10373.46-27.89145Downward Expansion-6969
2023-11-03273.00378.93-34.06238Downward Expansion-99100
2023-10-27271.00385.30-31.17477Downward Expansion-100100
2023-10-20317.26391.73-21.85469Downward Expansion-99100
2023-10-13355.06396.63-15.1210Downward Expansion-9077
2023-10-06355.06398.28-15.2516Downward Expansion-9578
2023-09-29355.06399.94-15.56451Downward Expansion-9478
Price vs TrendAbove+20.3%
Trend directionRising+5.0%
Price vs current Fair ValuePremium+21.6%
Fair Value directionClosing upward+21.7%
Relative Strength vs benchmarkLeading+11.6%
Relative strength directionImproving+14.5%
Price momentumPositive+35.9%
Volume balanceDemand-led1.29ร—
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

69 / ยฑ100

-30.4 points since 2026-08-21

Energy

89 /100

-10.5 points since 2026-08-21

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
Balance6
Rotation Up81
Upward Expansion98
Deceleration42
Rotation Down8
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 todayโ€™s regime

2023-09-29 to 2026-09-18 ยท 156 classified observations out of 156 shown.

Rotation Up 18%Upward Expansion 27%Deceleration 1%Rotation Down 16%Downward Expansion 38%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Upward Expansion2026-07-312026-09-18Developing+18.0%
Rotation Up2026-05-292026-07-24Developing+1.7%
Downward Expansion2026-04-032026-05-22Developing-3.9%
Rotation Down2026-02-062026-03-27Developing-9.0%
Upward Expansion2025-10-032026-01-30Established+9.8%
Rotation Up2025-09-192025-09-26New+0.0%
Rotation Down2025-08-222025-09-12New+0.0%
Downward Expansion2025-03-212025-08-15Established-7.1%
Rotation Down2025-02-142025-03-14Developing-14.8%
Upward Expansion2025-01-242025-02-07New-3.7%
Deceleration2025-01-102025-01-17New+0.0%
Rotation Down2024-12-272025-01-03New-0.1%
Upward Expansion2024-09-272024-12-20Established-0.3%
Rotation Up2024-08-022024-09-20Developing-0.0%
Classic Stage Analysis comparison
Stage 1 ยท Basing21
Stage 2 ยท Advancing100
Stage 3 ยท Distribution54
Stage 4 ยท Declining0

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
87/100
Current Relative Strength
11.56
Relative Strength direction
Improving
Price momentum
+35.9%
Excess performance vs benchmark
+18.2%
Healthcare regime cohort
84th percentile55 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume0.17ร—

Latest completed volume relative to typical participation.

Up/down volume1.29ร—

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 1

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 365.08rising
Slow Activity USD 320.06rising
Trend Reference USD 303.57+20.3% close margin
Current Fair Value USD 300.11+21.6% close margin
Structural low USD 244.54shock / 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 +1.8%
Annualized volatility +35.3%
From structural high +0.0%
From structural low +49.3%
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 movePositive periodsDirectional follow-through Median excess vs SPY Regime survived Read
Near term18+0.0%-21.2% to +18.0%+38.9%+38.9%-1.8%+66.7%Usable descriptive sample
Intermediate7-8.0%-34.3% to +9.3%+28.6%+28.6%-6.7%+28.6%Usable descriptive sample
Extended4-10.5%-23.5% to +0.6%+25.0%+25.0%-11.8%+0.0%Too little matched history
Full cycle3-26.3%-27.1% to -12.8%+0.0%+0.0%-30.0%+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