260 completed weekly observations ยท 25 Sep 2026

MEX ยท Equity ยท technical research

TMO Technicals

Thermo Fisher Scientific Inc.

Healthcare ยท Diagnostics & Research

Aligned upwardPrice-technical state

Week ending25 September 2026
+5.1%
Open
11,320.00
High
11,900.00
Low
11,285.00
Close
11,900.00 MXN
Open chart Market Dynamics Report โ†—
Research for TMO
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Price structureAligned upwardcompleted-week alignment
Momentum71.4Stretched positive
Risk pressure3.5%Normal
Trend quality26.4Directional
Range position100%location inside observed range
Adaptive set6 viewsselected for the current tape

01 ยท Market Dynamics

Price and underlying support

Weekly close ยท published Market Dynamics
Upward price structure retains strong Market Dynamics support

Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.

Preparing Market Dynamics chart Checking the chart library, completed-week data and display size.
Weekly close Supportive Market Dynamics Cautious Market Dynamics Accumulation zone Distribution zone Positioning recovery Reversal warning Reversal danger
Current tape relationship
Sustained positive support

Market Dynamics strengthened this week and remains positive.

Price location
Between zones

Price is travelling between the two major positioning zones.

Latest positioning marker
19 Jun 2026

The green dot marks a confirmed recovery where institutional positioning is most plausible.

Market Dynamics confirmation
Supported

Underlying support has strengthened across the recent completed path.

Chart contextPrice is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.

InterpretationThe advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.

Reading the zones and markers

The line shows completed weekly price. Market Dynamics describes the underlying support. Green marks a recovery through the accumulation zone; amber and red identify reversal warnings and danger. Price can stay in the distribution zone while advancing. Read the zones, markers and Market Dynamics together; they do not identify individual trades or prove who is participating.

02 ยท Technical indicators

Test the durability of the advance.

6 selected views ยท 156 observations

Price is above both trend references. Trend strength supports a persistent move. Momentum is stretched. Watch whether that pressure persists with the trend or begins to fade.

Fast trend reference 10,544.06 MXNClose +12.9%Slow trend reference 9,814.60 MXNClose +21.2%Selection adapts to the setup and available history.

Structure

Price and trend

Price11,900.00

Aligned upward. Price anchors every interpretation against the same completed observations.

Watch Watch whether price holds its trend references or begins to cross back through them.

Values and chart guide ยท 2026-09-25

Price is shown against fast and slow trend references with its current volatility envelope.

Close
11,900.00
Fast trend
10,544.06
Slow trend
9,814.60
Upper envelope
11,848.89
Lower envelope
7,198.32

Available history begins 2023-10-06. Missing observations remain gaps.

Structure

Trend strength and direction

Trend strength26.41

Directional trend. Trend strength helps decide how much weight to put on momentum extremes.

Watch Strength measures persistence, not direction. Compare positive and negative control before interpreting it.

Values and chart guide ยท 2026-09-25

Directional pressure shows which side controls the tape while strength remains direction-neutral.

Trend strength
26.41
Positive direction
61.14
Negative direction
22.51

Available history begins 2023-10-06. Missing observations remain gaps.

Momentum

Momentum

Momentum71.35

Upper-zone pressure. Pressure is stretched; distinguish a persistent trend from fading momentum.

Watch Watch for pressure to turn with price. A stretched reading alone does not establish a reversal.

Values and chart guide ยท 2026-09-25

Two independent momentum views show whether pressure is broadening, fading or stretched.

Momentum
71.35
Rotation
100.00
Rotation signal
94.05

Available history begins 2023-10-06. Missing observations remain gaps.

Risk

Drawdown and recovery

Drawdown-15.03%

Recovery still incomplete. Distance below the observed high separates recovery from an established new high.

Watch A recovery can improve while price remains below its former high. Track both parts of the path.

Values and chart guide ยท 2026-09-25

Capital impairment and recovery are shown together so return is not separated from path difficulty.

Drawdown
-15.03
Recovery
56.61

Available history begins 2023-10-06. Missing observations remain gaps.

Leadership

Relative strength

Relative strength25.16

Leading the benchmark. Benchmark context tests whether the move is company leadership or broader market participation.

Watch Watch whether relative strength confirms the absolute trend or continues to disagree.

Values and chart guide ยท 2026-09-25

Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.

Relative strength
25.16

Available history begins 2023-10-06. Missing observations remain gaps.

Participation

Volume participation

Activity / norm387.36

Above normal activity. Activity tests the participation behind price; it does not identify who is buying or selling.

Watch Look for sustained participation in the direction of price, rather than a single busy observation.

Values and chart guide ยท 2026-09-25

Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.

Activity versus norm
387.36
Cumulative balance
67.52

Available history begins 2023-10-06. Missing observations remain gaps.

More indicators3 additional views from the same history

Structure

Position in the recent range

Range position100.00%

Pressing the upper range. Range location is especially useful when a trend is not yet firmly established.

Watch Look for acceptance outside the range or a return toward its middle, supported by momentum.

Values and chart guide ยท 2026-09-25

Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.

Range position
100.00
From high
0.00
From low
56.61

Available history begins 2023-10-06. Missing observations remain gaps.

Momentum

Momentum change

Impulse expansion262.01

Positive impulse, easing. Acceleration can reveal a change before the broader price structure fully responds.

Watch A return through the neutral line deserves attention when trend and participation also change.

Values and chart guide ยท 2026-09-25

The impulse path separates directional acceleration from a loss of momentum.

Impulse
574.22
Signal
312.21
Expansion
262.01

Available history begins 2023-10-06. Missing observations remain gaps.

Risk

Range and volatility

Range pressure3.45%

Ordinary variability. Recent variability puts the size of price moves and reference gaps in context.

Watch Watch whether a range expansion gains directional follow-through or quickly reverses.

Values and chart guide ยท 2026-09-25

Movement pressure and envelope width show whether risk is expanding, settling or compressed.

Range pressure
3.45
Envelope width
48.83

Available history begins 2023-10-06. Missing observations remain gaps.

03 ยท Scenarios

Conditions to monitor

Possible developments ยท no assigned probabilities
Follow-through

The current direction gains support

Price keeps its trend alignment, momentum follows through and available participation or relative strength confirms. Compare this with the Market Dynamics reading.

Pause or repair

Pressure settles without structural damage

Momentum eases while price holds the relevant trend reference. Quieter activity can accompany a pause; it does not by itself confirm a reversal.

Challenge the view

Price and supporting evidence weaken together

Price loses its current alignment and momentum or leadership moves against it. Reassess the setup if the disagreement persists across completed observations.

Sharemaestro tape intelligence

SM gauge assessment

One assessment resolves price structure and Market Dynamics. The supporting views show the control, force, direction and confidence behind it.

100/100 evidence depth
observed participation included
Joint upward confirmation The gauges support the upward market view

Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.

SM Consensus Gauge+87.2

Joint upward confirmation

SM Control Gauge+89.8

Buyer control supports the view

SM Force Gauge+95.9

Upward commitment

SM Direction Gauge+78.1

Upward follow-through

SM Confirmation Gauge100/100

Strong support

SM consensus path ยท Market Dynamics display window

SM Consensus Gauge against price

The bars show the direction and strength of the resolved assessment. Completed price is retained as context.

Latest +87.2
Joint upward confirmation
Supportive consensus Cautious consensus Weekly close Neutral

Control

SM Control Gauge

Shows whether buyer or seller control supports the current assessment and whether that support is strengthening or easing.

Current controlBuyer control supports the viewRecent pathControl support is strengtheningLatest 12 months
Buyer controlSeller controlBalanced

Commitment

SM Force Gauge

Shows the strength of market commitment behind the current assessment.

Current forceUpward commitmentRecent pathCommitment is strengtheningLatest 12 months
Positive forceNegative forceActivity intensity

Direction and follow-through

SM Direction Gauge

Shows the directional follow-through behind the current assessment and whether it is established or still developing.

Current directionUpward follow-throughFollow-throughEstablishedLatest 12 months
Advancing directionDeclining directionFollow-through

Assessment strength

SM Confirmation Gauge

Shows how firmly the current assessment is supported. Greater assessment risk reduces the weight of the conclusion.

ConfirmationStrong supportAssessment riskContainedLatest 12 months
SM Confirmation GaugeAssessment risk

05 ยท Historical record

Evidence from previous conditions

Completed cases ยท open cases excluded from outcomes

TMO ยท current evidence

Current conditions

The advance retains underlying support while price structure and Market Dynamics remain intact.

1
NowSlightly stronger this week

Market Dynamics strengthened this week and remains positive.

2
Recent directionStrengthened over four weeks

Underlying support has strengthened across the recent completed path.

3
Price responsePrice structure is upward

Price is responding in the same broad direction as Market Dynamics.

4
Previous cases31.6% moved higher

After 12 weeks across 19 cases. Average move: -3.5%.

What strengthens this viewThe advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.What would change itReassess the reading when either price structure or the Market Dynamics state changes materially.

Completed observations

Historical comparisons

Zone visits are counted once and followed through completed weekly closes. Open cases remain separate.

Price relationship Meaningful relationship
Same-week correlation
0.36
Direction agreed
53.3%
Completed comparisons
255
After accumulation4 distinct visits
4 weeks75.0% higher4 outcomes 12 weeks100.0% higher4 outcomes 26 weeks100.0% higher3 outcomes

Average time before leaving the zone: 2.5 weeks.

After distribution3 distinct visits
4 weeks100.0% lower3 outcomes 12 weeks100.0% lower3 outcomes 26 weeks100.0% lower3 outcomes

Average time before leaving the zone: 1.3 weeks.

When the two readings agreed or differed

Completed outcomes by condition

These cases compare price direction with Market Dynamics and show how large disagreements were resolved.

Price higher ยท Market Dynamics positive 31.6% were higher

Average 12-week move: -3.5% from 19 completed cases.

Price lower ยท Market Dynamics negative 35.7% were lower

Average 12-week move: 0.4% from 14 completed cases.

Price higher ยท Market Dynamics cautious Average pullback 6.8%

42.9% were lower after 12 weeks. The deepest pullback arrived after 6.2 weeks on average.

Price cautious ยท Market Dynamics positive Average recovery 6.6%

31.2% were higher after 12 weeks. The strongest recovery arrived after 4.3 weeks on average.

How to use the reading

Strategy observations from this ticker's own record

The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.

Trend participation
Let confirmation support the position, then manage extension

In this ticker's completed record, 31.6% of comparable cases moved higher after 12 weeks, with an average move of -3.5% across 19 cases.

ApproachThis is most useful for holding or selectively adding to an established upward case. Risk should still tighten as price becomes extended; confirmation is support, not immunity from reversal.

Review the case whenReassess the reading when either price structure or the Market Dynamics state changes materially.

Zone positioning
Use accumulation to prepare the long case, then wait for confirmation

After accumulation, 100.0% of completed 12-week outcomes were higher across 4 cases. Distinct visits lasted 2.5 weeks on average before leaving the zone.

ApproachBuild the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.

Review the case whenA failed price response or renewed weakness removes the reason to increase long exposure.

Disagreement playbook
Use improving Market Dynamics to prepare, not anticipate

Comparable disagreements produced an average recovery of 6.6% across 16 completed cases, with the largest move arriving after 4.3 weeks on average.

ApproachDefine the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.

Review the case whenThe early repair fails if Market Dynamics fades before price responds.

Historical outcomes describe this ticker's completed record. They do not make the next move certain and are not trading instructions.

Readings describe completed observations. A strong reading is not a forecast, and historical outcomes are not probabilities for the next move. The full record, related research and technical pack remain available for closer review.

Technical research pack โ†—

Evidence context