Weekly structural research · NASDAQ · Healthcare

CLLS Stage Analysis

Cellectis SA

Week ending 25 Sep 2026Close USD 1.47Tenure NewBenchmark QQQ

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Downward Expansion · Early contraction

The weekly architecture is expanding downward.

Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation.

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

Direction -83−100 bearish to +100 bullish

Energy 83/100directional strength

Maturity 24/100lifecycle context

Confidence 81/100evidence agreement

Trend gate Downstructural direction

Activity structure Wideexpanding separation

Price acceptance -16.7%position within the Activity structure

Fair Value context -44.4%USD 2.64 · 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
2026-09-25	1.47	3.20	-64.53	442718	Downward Expansion	-83	83
2026-09-18	1.53	3.28	-62.35	3229368	Downward Expansion	-78	55
2026-09-11	3.10	3.36	-23.95	164440	Balance	-11	16
2026-09-04	3.24	3.38	-21.13	56077	Downward Expansion	-20	21
2026-08-28	3.40	3.39	-16.98	67062	Downward Expansion	-17	17
2026-08-21	3.40	3.40	-16.45	107355	Downward Expansion	-27	16
2026-08-14	3.05	3.44	-27.10	96099	Downward Expansion	-56	36
2026-08-07	2.84	3.47	-31.66	121866	Downward Expansion	-60	54
2026-07-31	2.75	3.52	-30.48	45499	Downward Expansion	-66	60
2026-07-24	2.84	3.59	-28.13	63533	Downward Expansion	-63	46
2026-07-17	2.63	3.66	-34.58	109203	Downward Expansion	-76	58
2026-07-10	2.99	3.71	-28.59	65193	Downward Expansion	-63	48
2026-07-03	3.30	3.77	-19.43	91628	Downward Expansion	-61	59
2026-06-26	2.83	3.82	-29.89	153031	Downward Expansion	-73	75
2026-06-19	2.98	3.89	-29.17	187323	Downward Expansion	-69	70
2026-06-12	3.09	3.95	-24.28	315964	Downward Expansion	-66	64
2026-06-05	3.06	3.98	-22.83	337204	Balance	-66	52
2026-05-29	3.52	3.98	-14.74	191740	Balance	-40	23
2026-05-22	3.50	3.98	-12.18	154118	Balance	-37	16
2026-05-15	3.92	3.98	0.24	143762	Balance	-11	12
2026-05-08	3.85	3.98	-1.01	94064	Balance	-8	18
2026-05-01	3.95	3.99	7.97	73717	Balance	-19	23
2026-04-24	3.89	3.97	8.97	119229	Downward Expansion	-27	21
2026-04-17	4.42	3.95	27.74	456810	Downward Expansion	-15	10
2026-04-10	3.59	3.92	11.59	75759	Downward Expansion	-58	53
2026-04-03	3.41	3.90	11.82	151875	Rotation Down	-61	65
2026-03-27	3.08	3.87	6.23	154752	Rotation Down	-47	62
2026-03-20	3.34	3.86	12.64	251983	Deceleration	-40	46
2026-03-13	3.42	3.84	14.38	442684	Deceleration	-29	32
2026-03-06	3.56	3.82	19.31	265764	Deceleration	-25	30
2026-02-27	3.88	3.79	30.11	180721	Deceleration	2	20
2026-02-20	3.90	3.76	32.45	49682	Deceleration	2	20
2026-02-13	3.73	3.71	29.92	181594	Deceleration	1	17
2026-02-06	3.57	3.65	24.43	272914	Deceleration	-3	16
2026-01-30	3.79	3.58	31.06	182662	Deceleration	20	17
2026-01-23	4.42	3.51	54.55	108690	Deceleration	39	24
2026-01-16	4.07	3.41	45.04	263036	Upward Expansion	42	29
2026-01-09	4.41	3.32	58.29	247282	Upward Expansion	46	34
2026-01-02	4.80	3.22	78.70	387689	Upward Expansion	62	43
2025-12-26	4.75	3.11	77.36	262806	Upward Expansion	62	45
2025-12-19	4.37	3.00	68.90	757517	Upward Expansion	61	55
2025-12-12	4.68	2.90	85.20	759857	Upward Expansion	64	74
2025-12-05	4.74	2.80	87.78	424205	Upward Expansion	68	75
2025-11-28	5.07	2.69	106.58	617660	Upward Expansion	80	69
2025-11-21	4.69	2.58	104.56	923600	Upward Expansion	78	50
2025-11-14	3.90	2.47	68.38	718518	Upward Expansion	55	34
2025-11-07	3.19	2.39	39.37	248194	Upward Expansion	46	34
2025-10-31	3.45	2.33	47.44	191831	Upward Expansion	61	49
2025-10-24	3.48	2.25	53.01	374771	Upward Expansion	64	54
2025-10-17	3.98	2.18	80.56	1881418	Upward Expansion	73	60
2025-10-10	4.04	2.09	90.51	1146825	Upward Expansion	80	67
2025-10-03	3.50	2.00	63.72	851601	Upward Expansion	72	60
2025-09-26	3.36	1.92	60.72	608567	Upward Expansion	74	61
2025-09-19	3.44	1.85	64.83	743609	Upward Expansion	83	62
2025-09-12	2.89	1.79	42.28	649657	Upward Expansion	69	55
2025-09-05	2.68	1.75	34.50	208644	Upward Expansion	64	59
2025-08-29	2.57	1.71	30.14	214241	Upward Expansion	67	64
2025-08-22	2.85	1.67	43.31	420463	Upward Expansion	73	89
2025-08-15	2.85	1.64	42.00	525546	Upward Expansion	80	92
2025-08-08	2.60	1.59	30.55	1115231	Upward Expansion	76	91
2025-08-01	2.95	1.56	53.55	1934722	Upward Expansion	96	97
2025-07-25	2.52	1.52	28.73	2129410	Upward Expansion	94	88
2025-07-18	1.82	1.49	-6.47	1918860	Balance	46	52
2025-07-11	1.59	1.48	-17.72	222972	Balance	29	26
2025-07-04	1.58	1.49	-19.15	226554	Balance	-3	3
2025-06-27	1.45	1.50	-25.23	223526	Balance	-32	20
2025-06-20	1.47	1.52	-21.60	188514	Balance	-30	21
2025-06-13	1.33	1.53	-29.53	275367	Balance	-43	27
2025-06-06	1.41	1.55	-26.58	286685	Balance	-27	14
2025-05-30	1.46	1.56	-23.58	278013	Balance	-7	10
2025-05-23	1.47	1.58	-22.87	195109	Balance	-3	15
2025-05-16	1.58	1.59	-20.40	180499	Balance	0	19
2025-05-09	1.58	1.60	-16.46	254203	Downward Expansion	-2	19
2025-05-02	1.59	1.61	-17.55	294930	Downward Expansion	-11	21
2025-04-25	1.53	1.62	-19.42	243847	Downward Expansion	-31	18
2025-04-18	1.45	1.65	-19.74	426380	Downward Expansion	-44	30
2025-04-11	1.44	1.67	-23.16	704519	Downward Expansion	-58	41
2025-04-04	1.15	1.70	-34.94	630135	Downward Expansion	-71	63
2025-03-28	1.27	1.74	-36.24	550086	Downward Expansion	-62	60
2025-03-21	1.30	1.77	-37.19	1287782	Downward Expansion	-62	67
2025-03-14	1.24	1.81	-40.72	14492553	Downward Expansion	-70	67
2025-03-07	1.26	1.84	-42.32	344904	Downward Expansion	-72	63
2025-02-28	1.29	1.86	-43.45	777126	Downward Expansion	-72	56
2025-02-21	1.53	1.89	-36.16	534449	Downward Expansion	-57	36
2025-02-14	1.55	1.92	-37.72	311233	Downward Expansion	-55	34
2025-02-07	1.53	1.93	-37.74	656108	Downward Expansion	-58	37
2025-01-31	1.61	1.95	-35.49	451995	Downward Expansion	-53	31
2025-01-24	1.67	1.97	-35.02	1077691	Downward Expansion	-52	32
2025-01-17	1.48	1.97	-42.43	1081550	Downward Expansion	-68	52
2025-01-10	1.85	1.99	-26.99	1561378	Downward Expansion	-56	53
2025-01-03	1.68	2.00	-36.20	1608123	Downward Expansion	-59	67
2024-12-27	1.41	2.03	-47.57	249018	Downward Expansion	-80	72
2024-12-20	1.64	2.07	-39.56	321378	Downward Expansion	-66	36
2024-12-13	1.76	2.11	-37.83	208597	Downward Expansion	-49	23
2024-12-06	2.00	2.15	-29.98	287198	Downward Expansion	-34	18
2024-11-29	2.10	2.19	-25.08	348224	Downward Expansion	-36	25
2024-11-22	1.87	2.22	-33.63	360845	Downward Expansion	-60	46
2024-11-15	1.87	2.24	-33.28	530999	Downward Expansion	-62	59
2024-11-08	1.77	2.26	-39.80	547317	Downward Expansion	-71	72
2024-11-01	1.80	2.29	-36.12	385491	Downward Expansion	-72	73
2024-10-25	1.86	2.32	-35.92	397179	Downward Expansion	-70	73
2024-10-18	1.90	2.35	-34.26	156370	Downward Expansion	-67	66
2024-10-11	2.01	2.37	-30.20	109159	Downward Expansion	-59	55
2024-10-04	1.89	2.39	-33.36	182970	Balance	-58	43
2024-09-27	2.18	2.41	-23.09	107130	Balance	-31	17
2024-09-20	2.26	2.42	-19.69	59340	Balance	-16	13
2024-09-13	2.25	2.44	-18.78	100927	Balance	-16	17
2024-09-06	2.24	2.47	-14.32	70299	Downward Expansion	-29	19
2024-08-30	2.40	2.49	-13.44	116563	Downward Expansion	-29	17
2024-08-23	2.37	2.51	-15.28	227866	Downward Expansion	-39	25
2024-08-16	2.08	2.53	-24.77	179402	Downward Expansion	-45	31
2024-08-09	2.08	2.55	-21.05	117436	Deceleration	-46	34
2024-08-02	2.09	2.58	-20.57	234043	Downward Expansion	-48	36
2024-07-26	2.30	2.61	-15.37	1010021	Downward Expansion	-56	41
2024-07-19	2.03	2.63	-27.40	111500	Downward Expansion	-62	69
2024-07-12	2.09	2.68	-29.00	177109	Downward Expansion	-64	77
2024-07-05	2.04	2.72	-31.27	112940	Downward Expansion	-66	80
2024-06-28	1.87	2.75	-35.05	266803	Downward Expansion	-79	82
2024-06-21	1.89	2.79	-34.70	469690	Balance	-79	73
2024-06-14	2.25	2.82	-22.38	356537	Balance	-66	43
2024-06-07	2.57	2.85	-8.54	76795	Balance	-38	16
2024-05-31	2.71	2.84	-0.92	67468	Balance	5	12
2024-05-24	2.82	2.85	1.59	141960	Balance	12	21
2024-05-17	2.99	2.79	9.49	111469	Balance	25	26
2024-05-10	3.06	2.73	15.03	833607	Balance	36	21
2024-05-03	2.99	2.67	14.66	425946	Balance	11	8
2024-04-26	2.51	2.62	-2.63	348093	Deceleration	-28	18
2024-04-19	2.55	2.59	2.99	159920	Deceleration	1	6
2024-04-12	2.69	2.56	2.82	188783	Deceleration	6	9
2024-04-05	2.68	2.53	1.83	159562	Deceleration	2	14
2024-03-29	2.65	2.50	-0.16	115084	Deceleration	-1	24
2024-03-22	2.50	2.48	-6.34	103734	Deceleration	-7	28
2024-03-15	2.54	2.46	-2.30	133716	Deceleration	-1	17
2024-03-08	2.59	2.44	-1.64	237934	Deceleration	4	12
2024-03-01	2.65	2.41	-1.18	308472	Deceleration	18	13
2024-02-23	2.83	2.39	7.25	257828	Deceleration	37	25
2024-02-16	2.89	2.37	10.66	152685	Deceleration	40	29
2024-02-09	3.06	2.36	15.14	160329	Deceleration	44	28
2024-02-02	2.95	2.34	12.78	147344	Deceleration	37	23
2024-01-26	2.97	2.31	14.44	233581	Deceleration	37	21
2024-01-19	2.69	2.27	3.16	177737	Upward Expansion	41	26
2024-01-12	2.89	2.24	12.40	338034	Upward Expansion	49	40
2024-01-05	3.00	2.22	18.02	234641	Upward Expansion	62	52
2023-12-29	3.08	2.18	16.33	439895	Upward Expansion	65	56
2023-12-22	3.49	2.15	32.08	911129	Upward Expansion	81	78
2023-12-15	3.20	2.09	22.64	594638	Upward Expansion	76	84
2023-12-08	2.97	2.04	17.81	663789	Upward Expansion	70	84
2023-12-01	3.04	2.00	21.16	983925	Upward Expansion	73	86
2023-11-24	2.91	1.96	16.21	1066603	Rotation Up	74	65
2023-11-17	2.93	1.93	17.78	4051275	Rotation Up	53	52
2023-11-10	2.51	1.89	2.84	4328296	Rotation Up	21	26
2023-11-03	2.86	1.88	20.02	106065339	Rotation Up	-8	9
2023-10-27	1.01	1.85	-55.10	481212	Downward Expansion	-89	95
2023-10-20	1.21	1.88	-48.47	213721	Downward Expansion	-82	83
2023-10-13	1.38	1.91	-43.80	141419	Downward Expansion	-73	70
2023-10-06	1.45	1.92	-41.81	877727	Downward Expansion	-70	64

Price vs TrendBelow-54.0%

Trend directionFalling-12.5%

Price vs current Fair ValueBelow anchor-44.4%

Fair Value directionMoving away-54.4%

Relative Strength vs benchmarkLagging-64.5%

Relative strength directionWeakening-34.6%

Price momentumNegative-52.3%

Volume balanceSupply-led0.11×

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

-83 / ±100

-66.1 points since 2026-08-28

Energy

83 /100

+66.8 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.

CLLS Directional State ↗ CLLS Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance21

Rotation Up14

Upward Expansion23

Deceleration31

Rotation Down76

Downward Expansion89

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 19%Rotation Up 3%Upward Expansion 22%Deceleration 15%Rotation Down 1%Downward Expansion 40%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-09-18	2026-09-25	New	-3.9%
Balance	2026-09-11	2026-09-11	New	+0.0%
Downward Expansion	2026-06-12	2026-09-04	Established	+4.9%
Balance	2026-05-01	2026-06-05	Developing	-22.5%
Downward Expansion	2026-04-10	2026-04-24	New	+8.4%
Rotation Down	2026-03-27	2026-04-03	New	+10.7%
Deceleration	2026-01-23	2026-03-20	Developing	-24.4%
Upward Expansion	2025-07-25	2026-01-16	Established	+61.5%
Balance	2025-05-16	2025-07-18	Developing	+15.2%
Downward Expansion	2024-10-11	2025-05-09	Extended	-21.4%
Balance	2024-09-13	2024-10-04	New	-15.8%
Downward Expansion	2024-08-16	2024-09-06	New	+7.4%
Deceleration	2024-08-09	2024-08-09	New	+0.0%
Downward Expansion	2024-06-28	2024-08-02	Developing	+11.8%

Classic Stage Analysis comparison

Stage 1 · Basing50

Stage 2 · Advancing0

Stage 3 · Distribution20

Stage 4 · Declining100

Legacy result: Stage 4 · Stage 4B · Declining. 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

Lagging benchmark

Architecture confirmation: 100/100
Current Relative Strength: -64.53
Relative Strength direction: Weakening
Price momentum: -52.3%
Excess performance vs benchmark: -84.6%
Healthcare regime cohort: 56th percentile247 in cohort

Test CLLS trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.44×

Latest completed volume relative to typical participation.

Up/down volume0.11×

Participation balance between advancing and declining observations.

Accumulation / distribution0 / 2

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+50.0%

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 CLLS Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity USD 2.18falling

Slow Activity USD 2.98falling

Trend Reference USD 3.20-54.0% close margin

Current Fair Value USD 2.64-44.4% close margin

Structural low USD 1.25shock / repair context

What changes the read?

Fan contraction and a persistent upward fast/slow rotation are required before the declining structure is considered repaired.

Range context +36.6%

Annualized volatility +115.7%

From structural high -73.2%

From structural low +17.6%

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 move	Positive periods	Directional follow-through	Median excess vs QQQ	Regime survived	Read
Near term	40	-3.8%-28.1% to +97.2%	+35.0%	+65.0%	-4.3%	+82.5%	Usable descriptive sample
Intermediate	15	-15.3%-43.4% to +106.9%	+33.3%	+66.7%	-13.2%	+80.0%	Usable descriptive sample
Extended	7	-24.6%-63.7% to +49.2%	+42.9%	+57.1%	-34.0%	+71.4%	Usable descriptive sample
Full cycle	4	-25.4%-82.3% to +1.5%	+25.0%	+75.0%	-44.2%	+75.0%	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.

CLLS Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding downward.

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

The weekly architecture is expanding downward.

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