{ "ticker": { "uuid": "11ece199-d4bb-4648-a8f7-8eef3fd9e478", "symbol": "COR", "name": "Cencora Inc.", "exchange": "NYSE", "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": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 87.34, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": 14.775, "architecture_energy": 35.051, "architecture_maturity": 5.252, "architecture_confidence": 48.637, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 39.31, "rotation_up": 53.43, "upward_expansion": 42.35, "deceleration": 26.85, "rotation_down": 14.17, "downward_expansion": 46.01 }, "activity_lines": [ 313.104667, 304.412, 295.342454, 302.387105 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 320.46, "trend_reference": 315.520733, "distance_from_trend": 0.015654, "trend_direction": "Weakening", "fair_value": 262.342863, "distance_from_fair_value": 0.221531, "fair_value_direction": "Improving", "relative_strength": -10.918061, "relative_strength_direction": "Improving", "price_momentum": -0.104411, "excess_performance": -0.230036, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.015654, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.052143, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.221531, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.192584, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.109181, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.165894, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.104411, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.635393, "read": "Demand-led" } ], "volume": { "latest": 10843959, "relative_activity": 1.337746, "balance": 2.635393, "dry_up": 0.909829, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.053288, "annualized_volatility": 0.318788, "from_high_reference": -0.147814, "from_low_reference": 0.312009 }, "levels": { "trend_reference": 315.520733, "fair_value_reference": 262.342863, "structural_low": 244.251334, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": 0.02599, "positive_rate": 0.636364, "directional_follow_through": 0.636364, "median_excess_return": 0.028099, "regime_survival": 0.363636, "best_return": 0.116148, "worst_return": -0.075511, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.060173, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.049026, "regime_survival": 0.333333, "best_return": 0.217369, "worst_return": -0.010186, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.136876, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.095634, "regime_survival": 0.2, "best_return": 0.297837, "worst_return": 0.033849, "sufficient": true 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20.386558, "activity_lines": [ 304.701333, 294.808182, 291.786878, 302.454232 ] }, { "date": "2026-07-31", "close": 311.34, "volume": 5210833, "typical_volume": 8116510.95, "trend": 315.983876, "fair_value": 261.462213, "relative_strength": -10.542399, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.392598, "energy": 22.391361, "activity_lines": [ 308.223333, 299.112182, 293.040387, 302.098323 ] }, { "date": "2026-08-07", "close": 320.46, "volume": 10843959, "typical_volume": 8106144.65, "trend": 315.520733, "fair_value": 262.342863, "relative_strength": -10.918061, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.775246, "energy": 35.050619, "activity_lines": [ 313.104667, 304.412, 295.342454, 302.387105 ] } ], "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." } } }