{
  "ticker": {
    "uuid": "1fb145eb-ecf0-437d-aca4-b7a6e873807b",
    "symbol": "LKFT",
    "name": "Lakefront Biotherapeutics NV",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -55.238,
    "architecture_energy": 54.433,
    "architecture_maturity": 16.372,
    "architecture_confidence": 74.866,
    "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": 19.24,
        "rotation_up": 16.28,
        "upward_expansion": 23.19,
        "deceleration": 38.44,
        "rotation_down": 65.97,
        "downward_expansion": 75.19
      },
      "activity_lines": [
        27.843333,
        28.543455,
        28.536286,
        29.079591
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 27.0,
    "trend_reference": 30.156,
    "distance_from_trend": -0.104656,
    "trend_direction": "Weakening",
    "fair_value": 30.69375,
    "distance_from_fair_value": -0.120342,
    "fair_value_direction": "Weakening",
    "relative_strength": -24.850647,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.190647,
    "excess_performance": -0.378101,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.104656,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.034297,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.120342,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.019037,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.248506,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.001955,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.190647,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.481977,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1351836,
      "relative_activity": 1.537897,
      "balance": 0.481977,
      "dry_up": 1.125098,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.054401,
      "annualized_volatility": 0.242533,
      "from_high_reference": -0.285336,
      "from_low_reference": 0.051402
    },
    "levels": {
      "trend_reference": 30.156,
      "fair_value_reference": 30.69375,
      "structural_low": 25.68,
      "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": 16,
        "median_return": -0.005333,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.026787,
        "regime_survival": 0.3125,
        "best_return": 0.179199,
        "worst_return": -0.139459,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.063267,
        "positive_rate": 0.3,
        "directional_follow_through": 0.3,
        "median_excess_return": -0.13086,
        "regime_survival": 0.1,
        "best_return": 0.208915,
        "worst_return": -0.152772,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.043584,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.145915,
        "regime_survival": 0.5,
        "best_return": 0.127568,
        "worst_return": -0.135507,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.154013,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.065129,
        "regime_survival": 0.333333,
        "best_return": 0.167537,
        "worst_return": -0.17787,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-09-20",
        "end": "2024-11-08",
        "tenure": "Developing",
        "return": -0.091946,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-15",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": -0.115672,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-31",
        "end": "2025-03-21",
        "tenure": "Developing",
        "return": 0.122609,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-28",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.056952,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-04-25",
        "tenure": "New",
        "return": 0.089213,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-02",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.014996,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-23",
        "end": "2025-06-06",
        "tenure": "New",
        "return": -0.034807,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-13",
        "end": "2025-11-07",
        "tenure": "Established",
        "return": 0.096314,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-14",
        "end": "2025-11-21",
        "tenure": "New",
        "return": -0.020134,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": 0.09834,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-30",
        "end": "2026-03-06",
        "tenure": "Developing",
        "return": -0.028335,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-13",
        "end": "2026-03-27",
        "tenure": "New",
        "return": -0.08767,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-03",
        "end": "2026-07-10",
        "tenure": "Established",
        "return": 0.028892,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.1003,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 880510.1,
        "trend": 40.533667,
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        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2023-08-25",
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      },
      {
        "date": "2023-09-01",
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      },
      {
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      {
        "date": "2023-09-22",
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        "date": "2023-11-24",
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 640166.15,
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        "fair_value": 31.889199,
        "relative_strength": -22.48333,
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 688031.1,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 703489.0,
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      },
      {
        "date": "2026-06-05",
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      },
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "energy": 21.740534,
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      },
      {
        "date": "2026-07-03",
        "close": 30.39,
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        "typical_volume": 797270.95,
        "trend": 30.850333,
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        "relative_strength": -16.820459,
        "stage": 4,
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      },
      {
        "date": "2026-07-10",
        "close": 30.27,
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        "typical_volume": 808533.5,
        "trend": 30.803,
        "fair_value": 31.042596,
        "relative_strength": -18.219744,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -1.212184,
        "energy": 15.621428,
        "activity_lines": [
          29.79,
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      },
      {
        "date": "2026-07-17",
        "close": 30.01,
        "volume": 1089316,
        "typical_volume": 828295.0,
        "trend": 30.724667,
        "fair_value": 30.959455,
        "relative_strength": -15.001722,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -2.98348,
        "energy": 20.352816,
        "activity_lines": [
          29.970667,
          29.372182,
          29.025333,
          29.698043
        ]
      },
      {
        "date": "2026-07-24",
        "close": 27.84,
        "volume": 667893,
        "typical_volume": 832615.45,
        "trend": 30.551667,
        "fair_value": 30.86984,
        "relative_strength": -19.344136,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -27.360169,
        "energy": 18.692272,
        "activity_lines": [
          29.354,
          29.192909,
          28.885714,
          29.511935
        ]
      },
      {
        "date": "2026-07-31",
        "close": 27.21,
        "volume": 846870,
        "typical_volume": 833712.25,
        "trend": 30.359667,
        "fair_value": 30.772724,
        "relative_strength": -21.006199,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -50.992065,
        "energy": 29.208076,
        "activity_lines": [
          28.558,
          28.884727,
          28.710286,
          29.296344
        ]
      },
      {
        "date": "2026-08-07",
        "close": 27.0,
        "volume": 1351836,
        "typical_volume": 879015.95,
        "trend": 30.156,
        "fair_value": 30.69375,
        "relative_strength": -24.850647,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -55.238475,
        "energy": 54.432576,
        "activity_lines": [
          27.843333,
          28.543455,
          28.536286,
          29.079591
        ]
      }
    ],
    "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."
    }
  }
}