{
  "ticker": {
    "uuid": "0c30525e-bb29-4e07-ada3-96c6e14349f7",
    "symbol": "VCEL",
    "name": "Vericel Corp Ord",
    "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": "2a",
    "phase_label": "Stage 2A \u00b7 Early 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": 61.364,
    "architecture_energy": 53.809,
    "architecture_maturity": 45.196,
    "architecture_confidence": 76.393,
    "architecture_tenure": "Developing",
    "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": 18.86,
        "rotation_up": 52.41,
        "upward_expansion": 80.26,
        "deceleration": 68.13,
        "rotation_down": 23.83,
        "downward_expansion": 9.26
      },
      "activity_lines": [
        45.648,
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        41.572619,
        39.537731
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 45.09,
    "trend_reference": 37.6745,
    "distance_from_trend": 0.196831,
    "trend_direction": "Improving",
    "fair_value": 41.868077,
    "distance_from_fair_value": 0.076954,
    "fair_value_direction": "Improving",
    "relative_strength": 7.164918,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.245924,
    "excess_performance": 0.058471,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.196831,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.053631,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.076954,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.267707,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.071649,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.316268,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.245924,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.15572,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2186258,
      "relative_activity": 0.715844,
      "balance": 2.15572,
      "dry_up": 0.809838,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.079801,
      "annualized_volatility": 0.414923,
      "from_high_reference": -0.085766,
      "from_low_reference": 0.557513
    },
    "levels": {
      "trend_reference": 37.6745,
      "fair_value_reference": 41.868077,
      "structural_low": 28.95,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": -0.008876,
        "positive_rate": 0.470588,
        "directional_follow_through": 0.470588,
        "median_excess_return": -0.011785,
        "regime_survival": 0.705882,
        "best_return": 0.110798,
        "worst_return": -0.163795,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "regime_survival": 0.333333,
        "best_return": 0.136156,
        "worst_return": -0.117819,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.15478,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.060159,
        "regime_survival": 0.25,
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        "worst_return": -0.391356,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "best_return": 0.427067,
        "worst_return": 0.147171,
        "sufficient": false
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        "regime": "balance",
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      {
        "regime": "rotation_up",
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        "regime": "deceleration",
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        "regime": "downward_expansion",
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        "regime": "balance",
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 2750578.05,
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        "fair_value": 41.342756,
        "relative_strength": -16.284285,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        ]
      },
      {
        "date": "2026-05-15",
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        "typical_volume": 2844031.5,
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        "relative_strength": -24.369492,
        "stage": 4,
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        "gate": "down",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 2920878.95,
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        "stage": 4,
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        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 2862354.2,
        "trend": 35.668833,
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        "stage": 4,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 2893637.4,
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        "fair_value": 41.393397,
        "relative_strength": -12.226693,
        "stage": 1,
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 2964450.95,
        "trend": 35.606167,
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        "relative_strength": -7.709551,
        "stage": 1,
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        "direction": 29.019167,
        "energy": 40.789981,
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      },
      {
        "date": "2026-06-26",
        "close": 46.23,
        "volume": 4696841,
        "typical_volume": 3094108.2,
        "trend": 35.8055,
        "fair_value": 41.472115,
        "relative_strength": 11.813333,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 84.749006,
        "energy": 79.094284,
        "activity_lines": [
          40.657333,
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      },
      {
        "date": "2026-07-03",
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        "volume": 2769658,
        "typical_volume": 3136252.2,
        "trend": 36.163833,
        "fair_value": 41.544167,
        "relative_strength": 13.006576,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.257464,
        "energy": 87.924432,
        "activity_lines": [
          43.422667,
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      },
      {
        "date": "2026-07-10",
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        "volume": 2513615,
        "typical_volume": 3171694.05,
        "trend": 36.5125,
        "fair_value": 41.595321,
        "relative_strength": 11.31938,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.044892,
        "energy": 89.512936,
        "activity_lines": [
          45.284667,
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          38.326357,
          37.293
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      },
      {
        "date": "2026-07-17",
        "close": 46.64,
        "volume": 2262577,
        "typical_volume": 3147136.45,
        "trend": 36.8655,
        "fair_value": 41.64609,
        "relative_strength": 15.113863,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.781944,
        "energy": 86.972614,
        "activity_lines": [
          46.313333,
          42.989636,
          39.311,
          37.946387
        ]
      },
      {
        "date": "2026-07-24",
        "close": 45.05,
        "volume": 2600656,
        "typical_volume": 3156095.35,
        "trend": 37.111833,
        "fair_value": 41.692692,
        "relative_strength": 13.18972,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.587505,
        "energy": 81.022284,
        "activity_lines": [
          46.2,
          43.875091,
          40.092024,
          38.474419
        ]
      },
      {
        "date": "2026-07-31",
        "close": 45.96,
        "volume": 2843814,
        "typical_volume": 3151327.2,
        "trend": 37.456833,
        "fair_value": 41.782179,
        "relative_strength": 14.76011,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.894879,
        "energy": 57.523461,
        "activity_lines": [
          46.06,
          44.707455,
          40.905714,
          39.045269
        ]
      },
      {
        "date": "2026-08-07",
        "close": 45.09,
        "volume": 2186258,
        "typical_volume": 3054098.55,
        "trend": 37.6745,
        "fair_value": 41.868077,
        "relative_strength": 7.164918,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.364365,
        "energy": 53.809092,
        "activity_lines": [
          45.648,
          45.177455,
          41.572619,
          39.537731
        ]
      }
    ],
    "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."
    }
  }
}