{ "ticker": { "uuid": "084b9c85-ba73-4af3-a95e-85f598358c02", "symbol": "INBX", "name": "Inhibrx Biosciences, 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 53.687, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -15.582, "architecture_energy": 33.925, "architecture_maturity": 3.109, "architecture_confidence": 46.188, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 47.28, "rotation_up": 16.61, "upward_expansion": 21.83, "deceleration": 51.72, "rotation_down": 53.03, "downward_expansion": 46.83 }, "activity_lines": [ 85.596, 88.453455, 94.199095, 91.629892 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 88.66, "trend_reference": 87.447333, "distance_from_trend": 0.013867, "trend_direction": "Improving", "fair_value": 41.767043, "distance_from_fair_value": 1.122726, "fair_value_direction": "Weakening", "relative_strength": 6.090017, "relative_strength_direction": "Weakening", "price_momentum": 0.056608, "excess_performance": -0.130845, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.013867, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.033958, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.122726, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -1.692409, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.0609, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -1.020304, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.056608, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.690058, "read": "Supply-led" } ], "volume": { "latest": 989695, "relative_activity": 0.535832, "balance": 0.690058, "dry_up": 0.591162, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.165781, "annualized_volatility": 0.834218, "from_high_reference": -0.429068, "from_low_reference": 3.31016 }, "levels": { "trend_reference": 87.447333, "fair_value_reference": 41.767043, "structural_low": 57.3, "invalidation": "A decisive breakout 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"positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-05", "end": "2026-01-09", "tenure": "Developing", "return": -0.185649, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-16", "end": "2026-03-27", "tenure": "Developing", "return": -0.192058, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.388793, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-06-05", "tenure": "Developing", "return": -0.325817, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": 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989695, "typical_volume": 1847024.8, "trend": 87.447333, "fair_value": 41.767043, "relative_strength": 6.090017, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.582091, "energy": 33.925173, "activity_lines": [ 85.596, 88.453455, 94.199095, 91.629892 ] } ], "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." } } }