{ "ticker": { "uuid": "0191e030-38e8-4a0d-9732-8b81d836b394", "symbol": "XNCR", "name": "Xencor Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 81.932, "architecture_energy": 92.199, "architecture_maturity": 26.0, "architecture_confidence": 81.708, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "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." }, "scores": { "balance": 13.2, "rotation_up": 86.48, "upward_expansion": 99.89, "deceleration": 39.03, "rotation_down": 8.18, "downward_expansion": 21.89 }, "activity_lines": [ 19.6, 17.680909, 15.457619, 14.483914 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 20.81, "trend_reference": 13.457, "distance_from_trend": 0.546407, "trend_direction": "Improving", "fair_value": 16.533686, "distance_from_fair_value": 0.258643, "fair_value_direction": "Improving", "relative_strength": 37.842266, "relative_strength_direction": "Improving", "price_momentum": 0.79242, "excess_performance": 0.604967, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.546407, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.012922, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.258643, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.519773, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.378423, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.450967, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.79242, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.936848, "read": "Demand-led" } ], "volume": { "latest": 4422534, "relative_activity": 1.029619, "balance": 3.936848, "dry_up": 1.267274, "accumulation_observations": 6, "distribution_observations": 0 }, "risk": { "range_context": 0.105755, "annualized_volatility": 0.489132, "from_high_reference": -0.052368, "from_low_reference": 2.007225 }, "levels": { "trend_reference": 13.457, "fair_value_reference": 16.533686, "structural_low": 10.375, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": -0.122062, "positive_rate": 0.181818, "directional_follow_through": 0.181818, "median_excess_return": -0.099708, "regime_survival": 0.454545, "best_return": 0.201363, "worst_return": -0.242437, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.091015, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.18023, "regime_survival": 0.166667, "best_return": -0.004446, "worst_return": -0.452644, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.156176, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.344535, "regime_survival": 0.0, "best_return": -0.017411, "worst_return": -0.619179, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, 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15.899333, 14.486364, 13.504667, 13.111376 ] }, { "date": "2026-07-24", "close": 19.44, "volume": 7414457, "typical_volume": 4268607.4, "trend": 13.05, "fair_value": 16.575224, "relative_strength": 40.07745, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.699846, "energy": 90.041384, "activity_lines": [ 17.312, 15.575091, 14.126524, 13.53271 ] }, { "date": "2026-07-31", "close": 20.21, "volume": 5883643, "typical_volume": 4347918.1, "trend": 13.226333, "fair_value": 16.549776, "relative_strength": 42.810383, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.125768, "energy": 92.877435, "activity_lines": [ 18.528, 16.654364, 14.783048, 13.994645 ] }, { "date": "2026-08-07", "close": 20.81, "volume": 4422534, "typical_volume": 4295310.65, "trend": 13.457, "fair_value": 16.533686, "relative_strength": 37.842266, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.931576, "energy": 92.199415, "activity_lines": [ 19.6, 17.680909, 15.457619, 14.483914 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }