{ "ticker": { "uuid": "1545af99-4129-4e7a-a4c7-f626bcadc753", "symbol": "MMSI", "name": "Merit Medical Systems 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": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 54.656, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 65.954, "architecture_energy": 84.358, "architecture_maturity": 26.439, "architecture_confidence": 70.537, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 8.86, "rotation_up": 84.15, "upward_expansion": 70.98, "deceleration": 18.03, "rotation_down": 16.1, "downward_expansion": 26.98 }, "activity_lines": [ 81.974667, 77.276182, 72.162762, 71.445226 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 89.04, "trend_reference": 72.361667, "distance_from_trend": 0.230486, "trend_direction": "Weakening", "fair_value": 83.653109, "distance_from_fair_value": 0.064396, "fair_value_direction": "Improving", "relative_strength": -0.956373, "relative_strength_direction": "Improving", "price_momentum": 0.079273, "excess_performance": -0.108181, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.230486, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.055528, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.064396, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.338539, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.009564, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.382102, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.079273, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 8.334925, "read": "Demand-led" } ], "volume": { "latest": 7384576, "relative_activity": 1.819554, "balance": 8.334925, "dry_up": 1.327897, "accumulation_observations": 5, "distribution_observations": 0 }, "risk": { "range_context": 0.058179, "annualized_volatility": 0.33123, "from_high_reference": -0.060246, "from_low_reference": 0.490459 }, "levels": { "trend_reference": 72.361667, "fair_value_reference": 83.653109, "structural_low": 59.74, "invalidation": "A 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"close": 73.99, "volume": 3562079, "typical_volume": 3872128.2, "trend": 72.756667, "fair_value": 83.433494, "relative_strength": -15.694831, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 12.421586, "energy": 31.17447, "activity_lines": [ 72.510667, 69.899273, 67.937, 69.443978 ] }, { "date": "2026-07-24", "close": 74.32, "volume": 3178904, "typical_volume": 3842455.65, "trend": 72.321, "fair_value": 83.43875, "relative_strength": -13.397975, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.927811, "energy": 47.737407, "activity_lines": [ 73.452667, 71.101636, 68.568095, 69.544839 ] }, { "date": "2026-07-31", "close": 85.01, "volume": 7431280, "typical_volume": 3951872.6, "trend": 72.273, "fair_value": 83.522788, "relative_strength": -1.026457, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.762264, "energy": 72.389256, "activity_lines": [ 77.484667, 74.012, 70.209381, 70.363484 ] }, { "date": "2026-08-07", "close": 89.04, "volume": 7384576, "typical_volume": 4058454.25, "trend": 72.361667, "fair_value": 83.653109, "relative_strength": -0.956373, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 65.954245, "energy": 84.358395, "activity_lines": [ 81.974667, 77.276182, 72.162762, 71.445226 ] } ], "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." } } }